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To: SeekAndFind

Hmm, I wonder where Japan would rank.


10 posted on 12/08/2009 1:20:38 PM PST by BenKenobi
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To: BenKenobi

if you looked at the list, you will notice that (other than California), they are mostly made up of countries within the former Soviet Union ( e.g. Lithuania, Ukraine, Latvia ) and 3rd world countries with despots or corrupt heads as leaders (Argentina and Venezuela, Pakistan).

These countries do not have the financial clout of the USA, the UK or Japan. The probability of America or Japan defaulting on debt is (at this point in time) MINIMAL. We might have a lot of problems, but we’re still a strong, entrepreneural country.

Think about it, if you don’t have faith that the US has the ability to pay off her debts, what are you going to do with your dollar ?


11 posted on 12/08/2009 1:30:28 PM PST by SeekAndFind (wH)
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