Wow, he loses all credibility when he calls the US more communist than China. I guess we can ignore the fact that we have the Bill of Rights in the US and China doesn't have anything close to that.

perunapower Wrote:Wow, he loses all credibility when he calls the US more communist than China. I guess we can ignore the fact that we have the Bill of Rights in the US and China doesn't have anything close to that.

I'm pretty sure he's sticking to economics only. In economics, we are more communist than china. We bailout companies that suck, they don't.

Jugnaut Wrote:

perunapower Wrote:Wow, he loses all credibility when he calls the US more communist than China. I guess we can ignore the fact that we have the Bill of Rights in the US and China doesn't have anything close to that.

I'm pretty sure he's sticking to economics only. In economics, we are more communist than china. We bailout companies that suck, they don't.

To some folks...If you dare to criticize US policy in any fashion...You are immediately seen as a kook with no credibility.

Jugnaut Wrote:

perunapower Wrote:Wow, he loses all credibility when he calls the US more communist than China. I guess we can ignore the fact that we have the Bill of Rights in the US and China doesn't have anything close to that.

I'm pretty sure he's sticking to economics only. In economics, we are more communist than china. We bailout companies that suck, they don't.

I've made no secret of my thoughts about leaving the US sometime in the next year.

Jim and I have swapped emails about the disaster scenario that is prompting my thoughts of leaving, and he's pretty much in agreement with my analysis. His dollar collapse scenario is pretty much the same as mine. I'm moving away from dollar-denominated investments for that reason.

Owl 69/70/75 Wrote:I've made no secret of my thoughts about leaving the US sometime in the next year.

Jim and I have swapped emails about the disaster scenario that is prompting my thoughts of leaving, and he's pretty much in agreement with my analysis. His dollar collapse scenario is pretty much the same as mine. I'm moving away from dollar-denominated investments for that reason.

Definitely buy foreign currency. I looked at countries with high freedom, strong economies, and similar climate. Canada has only a 3 year residency for citizenship. Germany has a 12 year requirement. Switzerland 8 years.

The national debt is my most important issue right now.

The national debt is a big issue, but the foreign trade deficit is a bigger number that nobody seems to be focusing on. We're borrowing overseas to cover both, and that's what scares me. I just don't see how the dollar--or the economy--can hold up under that kind of strain.