ZERO DEBT.
I paid attention in school. Ask if I care about bailouts and bankruptcies and loans.
Banks can no longer borrow. So liquidity is at an all-time low. And with properties tanking - no one wants to throw money at them (why?). This country has been booming through borrowing while the economy has been SHRINKING (don't believe me? look up the value of the dollar last 20 years, and look up the trade deficit. This means economy is SHRINKING while BORROWING. Guess what the end result is?).
I know what it is - that credit limit has been reached. Think of this nation's credit card has finally been cut off. Now time for a 'correction', or as Boosh and Co would like it -- have YOU pay for it slowly while foreigners lend us the money quickly. The worst case scenario is deflation. Have fun with $150/b oil, declining revenues and lowered salaries/high unemployment. Deflation is an economy killer.
Oh and Govt can't borrow either - cuz it'll crash the dollar even lower. And we all saw that $140 barrel oil is the limit before the economy falters. Go thank yourself for voting in Bush twice and his $1T war. Well done Americans. You voted him in twice - now watch your standard of living fall for you middle-aged debt-ridden slave to the paycheck baby boomers. Micheal Moore and John Kerry are getting the last laugh.
Well done America. Reap what u sow. You know my favorite saying.
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