Thursday, April 28, 2011
Debt and Security
When your retailer starts lending you money to buy their products, the retailer becomes the dominant one of the two. China holds nearly a trillion dollars of our debt.
The debt affects everyone. When the debt bubble bursts then all of us will feel the pain. And this pain will last a long time. Being the most powerful nation in the world, there would be no one to bail us out. Our collapse would cause a domino effect to the majority of the world's economies.
Just remember, we can change our course. All it takes is a vote.
Posted by Bigtravv at 9:56 PM