Will our dollar fail, and what will happen if it does?

Our current debt is not insurmountable. Our debt compared to our GDP is less now than it was after WWII and we recovered from that debt nicely.

The main challenge is that we need a sustainable growth model. We are already past the point where we can just tighten our belt and pay it back; our economy needs to grow as well.

Much of our growth has come from the move from one breadwinner households to two, cutting wages, eliminating benefits, and either laying off employees and expecting those remaining to work harder or sending our jobs overseas. All of these things did greatly increase profits but they are unsustainable. You can’t’ squeeze blood from a rock.

Right now we are at the mercy of our debt holders. It is in their interest not to destroy our economy because they either would not be repaid or they would be repaid with nearly worthless dollars. It is in their interest to keep us afloat as they siphon off our wealth.

CNN liberal? Look at who they have provicing political commentary:

Ed Rollins,former White House political director for President Reagan and chairman of the National Republican Congressional Committee.

John Feehery,worked for Republicans in congress

Bill Bennett, Former Reagan Secretary of Education

And remember that right wingnut Glenn Beck was on CNN before Fox.

CNN does have some liberal commentators as well but they are hardly a liberal news outfit.

Currently MSNBC is the liberal network, FOX the conservative, while CNN is trying to steer the middle road.

The price of gold is going up everyday…they are printing money at the same rate of a popular poster…Foreign governments don’t really want to buy US dollars…I’d say that yeah…most of the ingredients are in the pot for hyper-inflation and devaluing of the dollar…

Hang on to your seats.

Keep in mind that Glenn Beck is a opinion show, not a news source…

CNN wouldn’t say sh*t even if it had a mouthful…and neither would MSNBC.

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It’s possible. Here’s the deal. The US is overall massively in debt. This puts us at the mercy of our debtors. If they are willing to suffer huge losses, they can cause us massive economic pain by dumping our debt.

If they do that, it will indeed cause a US depression - hyperinflation combined with high unemployment, shrinking GDP, and a nuked stock marjet. But here’s the good news. The US could buy back it’s own debt at pennies on the dollar and relieve future generations from ever having to repay it. This action would set the stage for real prosperity driven recovery.

The bad news is, the government would instead do whatever is the most stupid action imaginable, and mire us in misery for decades to come.

I agree with Fillet o spam. . . Huh? wow! that was weird. anyways, bimjob is a liberal. And CNN is for liberals. Just like conservatives like Fox commentators. there.

Try listening to CNN not Fox. Fox is pure ultra conservative / scare everybody / hate the (present) government.

It was on Glenn Beck… I’m not making it up. =P

LIAR !! I SAW THE NEWS LIAR LIAR LIAR trieng to scare everyone !! LIAR

LIAR LIAR LIAR LIAR LIAR

please go to internet and read “money. the worlds greatest hoax, “ it will teach even the most feeble of minds our current state, and how we got here,,,also, read henry fords book, im not allowed to mention the title,,,but you will know it when you see it,,,

fords, the international jew and protocols of the learned elders of zion, any christians needs to be afraid of these inverted trianles people,
the triangles are joined but inverted,,, not like star of davids, beware of it zionists such as joe biden want you dead,,