[RobRoy]

The US is definitely going down. I have NO doubt.

However, the rest of the world will be right behind us. And that is the dirty little secret that the other nations all know.

If someone owes you money, you don’t want him to lose his job.

[LomanBill]

>>If someone owes you money,
>>you don’t want him to lose his job.

Unless you want to own his house, and his children...

“COMMERCE BETWEEN THE MASTER AND SLAVE IS DESPOTISM”
—Thomas Jefferson

Are we there yet?

[NYer]

The US is definitely going down. I have NO doubt. However, the rest of the world will be right behind us. And that is the dirty little secret that the other nations all know.

Agreed! It's all happened before - nations rise, peak and then collapse under the weight of their own legislation. Our nation peaked with the WWII generation.

[The Comedian]

If someone owes you money, you don’t want him to lose his job.

Unless you hold a mortgage over his house, and want his property.

Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

[Sender]

If the US suffers a humbling loss of value and spending power, it is China who will feel the heat most intimately. And they know that. While they might hope that the US be taken down, they know that if that happens, their biggest customer will stop coming. Ships will sit idle and factories will shut down. Millions of Chinese will be pissed off and rebellious. The rest of the world will also feel the malaise. It will be a decade of humility.

I wish that I understood the Big Picture financially, but I don't. Global economics have become a giant shell game of paper worth traded for empty promises. If any major player stops playing the game, the game ends, and the terrible truth will come out that much of the giant pot of wealth is just scraps of paper.

I've heard it said that debt is the currency of the 21st century. Bohica. The Man is at the door.