Comments on: Lies About A Doomed Economy And Why we Believe Them

By: bilgisayar

bilgisayar — Sun, 31 Jul 2011 22:04:32 +0000

Hopefully there will still be opportunities for those that work hard and smart….heck, read your book! But don’t assume that this is just one of “life’s little bumps”. As a country it is almost 100% certain we will either have to eventually default on the trillions upon trillions of foreign debt that we have, or inflate the money supply so much that these debts plunge in value. Neither are good options

By: Carrie

Carrie — Thu, 14 Apr 2011 06:10:15 +0000

AFAICT you’ve coreved all the bases with this answer!

By: Noel

Noel — Mon, 01 Feb 2010 19:01:14 +0000

The economic numbers will surely go up a bit more before they come back down, people don’t want the party to be over! Can’t blame them, either. It’s fun to use over half the world’s resources, even though you only have 4% of the people! But we have spent more than we have earned for two full decades now. “Real” unemployment is hovering around 17%. Home prices will not be back to their peak levels for many, many years. Credit is tighter than ever. Commercial real estate is a mess, drive down the road in any major town and count the Lease Now signs. Yes, there will still be economic activity in the future. Hopefully there will still be opportunities for those that work hard and smart….heck, read your book! But don’t assume that this is just one of “life’s little bumps”. As a country it is almost 100% certain we will either have to eventually default on the trillions upon trillions of foreign debt that we have, or inflate the money supply so much that these debts plunge in value. Neither are good options.