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Old 05-28-2005, 17:41 PM   #1 (permalink)
Rani Lakshmibai
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Join Date: 05-13-05
Location: Mississauga, Canada (but from Kerala, India)
Posts: 156
Collapse of the US economy imminent

http://www.whatreallyhappened.com/ARTICLE2/doodoo.html

I'd post the article but the pictures don't show up when I cut and paste, and being new to the forum, I suspect there is something you have to do with the stupid pics before they show up....

Check this article out. It says that the problems with the US economy, specifically US fiscal debt is worse than the politicians say it is. In fact, it's so bad that the author holds that the US government has passed the point where it is unable to pay the interest on its debt load effectively.

Meaning that it is only going to be a matter of time before there is a run on the US government and its economy collapses. And if it does, so does much of the world economy, especially China's and Japan's economies as well, maybe even Britain's too.




My question is: Is the article valid? Are the truths it claims factual? The article already has two strikes against it, one being that it is hosted on a conspiracy type website, and two that it offers does not quote any other sources to back up its claim.

I'm ignorant for the most part when it comes to economics, even if I'm a business administration student but in my defence, I've had only two economics courses in the one year I've been at university. I would like someone who is quite knowledgeable about economics to explain to me why or why not this article is true. None of the usual American denouncements and *****ing about why it can't be that bad and so on, I want everything backed up by evidence.

I'm interested in the truth, I mean come on, if the world economy was going to collapse, wouldn't you like to know about it? But some of the claims made by the article seem to be ludicrous, but I wouldn't put it past the Americans to do things like that considering all the other ways they lie, steal, invade, threaten, overthrow democratically elected governments and replace them with puppets and generally interfere in matters that don't concern them. If you go to the home page, www.whatreallyhappened.com, do a search and you can find dozens of articles on the US economy. Some of them are taken from quite reputable sources too.


Maybe there is something to this claim after all.....
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