"Too_Many_Tools" wrote in message
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On Mar 12, 12:17 am, "Ed Huntress" wrote:

snip


We face a choice. We either come up with new trade terms for dealing with
the developing world and the underdeveloped world, or we become the
underdeveloped world.



Bruce-in-Bangkok
(correct email address for reply)

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Ed-in-New Jersey- Hide quoted text -

- Show quoted text -

Actually the United States is becoming a third world country.

Nonsense.

Remember the housing bust?

Which one?

Our assets are depreciating quickly and there really is no end in
sight.

The end in sight is their real underlying value. I doubt if we'll come
anywhere close to that.

Then consider the national debt...the United States is technically
broke at this time and is selling assets to maintain the cash flow.

There is no such thing as being "technically broke" when your debts are
denominated in your own currency, if it's not backed by anything tangible.

Note that it is happening under a Republican Administration.

TMT

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Ed Huntress