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Charlatan · 09-14-2005, 07:23 AM

pan... that debt is not the fault of Capitalism... the Soviet Union was a planned economy and it bankrupted itself all the same.

I don't disagree with your assessment of the US debt just where the problem lies.

I'd be more concerned with nations like China dumping US dollars for Euros or the oil nations starting to do all of the their business in Euros... the subsequent devaluation of the US dollar would be catastrophic for many.

The cynic in me notes that Saddam Hussien switched the oil for food program to Euros and was subsequently invaded (this probably belongs in paranoia but there you go).

09-14-2005, 07:23 AM	#129 (permalink)
Charlatan Getting it. Super Moderator Location: Lion City	pan... that debt is not the fault of Capitalism... the Soviet Union was a planned economy and it bankrupted itself all the same. I don't disagree with your assessment of the US debt just where the problem lies. I'd be more concerned with nations like China dumping US dollars for Euros or the oil nations starting to do all of the their business in Euros... the subsequent devaluation of the US dollar would be catastrophic for many. The cynic in me notes that Saddam Hussien switched the oil for food program to Euros and was subsequently invaded (this probably belongs in paranoia but there you go). __________________ "My hands are on fire. Hands are on fire. Ain't got no more time for all you charlatans and liars." - Old Man Luedecke Last edited by Charlatan; 09-14-2005 at 07:25 AM..