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Wednesday, May 03, 2006 9:51:21 PM
But it's in the best interest of other nations to go to PetroEuros since US has been getting a free ride since 1970. Also new gold standard is need to be brought back which is now being worked on. US economic will come down hard. The only way out right now is to go to war and keep US Dollars as a domain to maintain the life style we have. When US$ devalue a lot, it will take more US$ to repay the debt. Other countries that owe us will pay less in their currencies to buy US$. But we owe more debt than other countries. We will start default on our debts. No investors will be buying US$ bonds... mess mess mess.
I hate this crap. We shouldn't run our economic based on unfair system to start with. Now the problem is mounting and we can't get out of it accepting wars.
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