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Old 02-13-2013, 01:15 PM   #14
MMM
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Default Re: Jeff Berwick -Get Far Away From The U.S... Collapse Will Be Messy

Quote:
Originally Posted by n00bie
And how would they keep the US afloat? Print more money out of thin air to bail out gov'ts & banks again? Putting more debt into the economy?

The Problem with America economy is that it is far too consumer based and it doesn't produced products that people want to buy. The debt/deficit are an outcome of a larger economic problem not the root of it. Cutting the debt/deficit at this time will actually compound the problem and make the debt/deficit worse in the long term.
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