China Official: It's Too Late, U.S. Already 'Defaulting'

Tolerance Sucks Rocks said:
"If you’re smart, you’ll convert your U.S. currency holdings to Canadian right now."

Agreed. And watch for western Canada to gain power in the future. Nations that increase in the future will be commodities exporters. Nations that will decline are short on manufacturing (e.g., the USA). Too bad about the book binders and left leaning politicos in the east.

We're in decline, but we stand to win the currency and trade wars ahead. We have no other choice. Those who ushered us into vicious cycles of spending and debt are leaders in all levels of business, academia and government. We'll begin to produce, or else.

We will need oil and other commodities, though. Our business leaders will buy oil, for example, even with a lower US dollar in the future, because overseas transportation will be too high (increasing freight fuel, other costs, and lack of credit for future shipping).

See the changes to come as a set of new opportunities.

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