Quote:
Originally Posted by Cruisingdad
This country is VASTLY in debt, much of it supported by foreign countries. Everyone looks to run into US currency/treasury around the world when there are problems because it is percieved as a safe haven, right? Am I wrong?
What happens when it is no longer perceived as a safe haven?
- CD
PS Just a note. I do not consider myself an alarmist or an economist. I am a realist. It just does not make sense to me.
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The mistake is similar to weaning a junkie off heroin by giving him methadone.
It is still quite possible to overdose on methadone, but it has less of a stigma!
Re: "safe haven". I suppose you could phrase this as "what happens when the snake that's eating its own tail reaches a vital organ?"
Easy. The snake dies.
I am currently taking applications from U.S. border states to become Canadian provinces.
Not Montana, obviously. The mix of Hollywood stars and paranoid militia types is....
unsavoury.