by Ted Rudow III,MA ( Tedr77 [at] aol.com )
Wednesday Apr 16th, 2008 5:10 PM
The U.S. ran out of money a long time ago. It's already bankrupt; it just doesn't know it yet! It has more debts than it has money to pay them, and its money is worth less all the time. It's "worthless" for sure, because in the end it's just paper, and the only backing it has is the faith of the people who use it, which has gone into a steep decline.
Some politicians do get it, of course, and understand that constant excessive spending and astronomical debts aren't good, but they figure that since the U.S. has gotten away with it so far, it can just continue to do so indefinitely. Besides, they figure that when it's time to pay the piper, they won't be around anyway, so they might as well charge it now and let someone else worry about paying it!
You can just hardly believe that seemingly rational people, national leaders no less, can think there'll be no consequences for their actions, no repercussions for destroying their currency and their economy! Russia and China may have lost the Cold War, but it looks like they're winning the peace.
Ted Rudow III,MA