I have pointed out what would happen to US Citizens as well as we Sri Lankans in a Situation where crude oil reaches 120$. I also mentioned how generous the chinese are to continue their interest in US treasury bonds to finance the ‘Empire Of Debt’. The United States of America is running Budget Defecits this planet has never seen……….more like an empire towards doom. Besides, president Bush has little concern over financing his modern Vietnam in Iraq. He recently requested a further 400 billion USD from his country to finance the Iraq war. (To bring democracy to Iraq!!!!!!!!!)………What a price…………………
How rich are the americans anyway? What are the level of their Savings? Can they keep on running mamoth Budget Defecits like now for ever? Can they continue to fight futile wars like this forever? Where is this once great Republic heading?
Currently US debts, I mean all kinds of debts are not in billions but trillions of dollars and they still continue this larger than life attitude.These Obligations will be and has to be paid by yet to be born future american generations. If not for the Central Banks of Japan,China,Taiwan and Korea, US will in no way will be able to finance all what they are doing now.
Again, if not for the US consumers buying all the clothes we are making for them, countries like Sri Lanka will have their own sets of problems. So far Big Asia economies are happy to invest their surplus dollars in US bonds and happy to keep the trend going.
But most importantly America should be responsible, get your acts together, stop fighting stupid wars. After all,this not what the founding fathers of your great nation wanted right? An Empire of Debt?
When you go down its not just you, we all go down!
For those who are interested just visit this for an idea of American debt.
And are these people serious!
