Thursday, September 30, 2010

The inevitable collapse of the dollar


The current account deficit:
http://en.wikipedia.org/wiki/List_of_countries_by_current_account_balance

Summary:
Americans are living beyond their means and Asia is currently financing that. But eventually the Asians/Europeans will stop financing the USA and then the bubble will burst. Also check out the 1-minute video which I'm responding to for a quick explanation

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