Will US become a defaulter ?

[Thomas]

That's true, it is best to buy assets during the bad times (recessions), because they can be bought very cheaply.

However, that is good for the buyer... not the seller.

if a business creates a product that causes job creation. When that product is sold it makes a profit for the owner does it not? that makes it a win for both.

 

[foxbat]

Well PAK doesn't have that much reserves, but India have in billions

Are you proud of having no assets and commenting on how another country is going to default ??

 

[lem34]

Are you proud of having no assets and commenting on how another country is going to default ??

well we know you and everyone tells us everyday. so its nice to know we are all in the same mess

 

[lem34]

How long do you predict until USA fall?

in the next 5 to 10 years they will hit the tipping points. All the main players know it. Iraq, libya refused to accept dollar thats real reason for attacks. same on iran cos they wont accept dollar. world governments have reduced their dollar holdings by about 10% in the last 10 years this is a trend that will continue. Brics came out seeking alternate reserve currency. Thats one of reasons china is quite supportive of euro. strauss former chief of IMF suggested alternate to us dollar reserve, if US continues into a 3rd wave of quantitive easing that wonbt help. America cannot continue forever living beyond its means its just a matter of time.

 

[lem34]

Lol, Aryan...I am in very good shape...and my jeans fit. (Living in Britain, I'm sure you have some jeans.) While true, our ability to innovate will keep us fat and happy (such as the computer and internet we are debating on)

You know what i mean..lol

 

[lem34]

Its quite funny here. Im happy cos americas going bankrupt. Indians are happy that our us dollar reserves will become zero. we then tell them their 300 bill will become wortheless and we are happy. Then indians realise chinas 3 trill will be worthles and they are happy. Way to go guys.