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Replying to:

> Collapse of U.S. Economy Imminent

22 January 2006 06:19
First off....the debt ceiling will be raised, so that point is less than moot. Next, even with this, theres a finite limit as to how much debt a nation can incur without consequence. The world economy is nothing more than a ponzi scheme. Everybodys happy so long as the interest is paid. A collapse occurs when people demand the principle back. In terms of the U.S. debt, once we encounter difficulty selling our ’new debt’ to foreign holdings, it amounts to the same thing as ’unable to continue to service’ or ’a depression’. However, a few things to bear (...)


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