I dont know about America borrowing its way out but specificly I feel the US automakers and GE wont be abe to borrow their way out they are doomed so there goes th US industrial base except for boeing.
the US then becomes an agrarian economy like Argentina with the IMF coming to help.
I feel you will see tariffs being placed on Chineese imports in the next 6 months though to reduce the Chinese trade surplus.
Its not pretty and I have 2 daughters in California
I will stick to my gold juniors
