"But yes you need to purge the system to get on an even keel again. But who would have the balls to purge the system? "
this is exactly relevant to America. Bush came in, adopted a recession, and didnt have the balls to let the free market even the economy again, instead, he artificially propped it up with huge stimulus and tax cuts. OK, it lasted 5 or 6 years, but now, its even worse. Obama came in, adopted a recession, he does not have the balls to let the free market work either, he would be toast, so he has granted an even bigger stimulus, and frankly, i dont think there are any situations left where someone else can come into office and continue to postpone the inevitable collapse, debt is just too high now. This year is when the first interest payment is due by the USA, im not certain of the figures, but i think its around 1 trillion
Where the hell are America going to get 1 trillion dollars within 12 months to pay china back??? unless the print all the money
think of the inflation this will cause, and the debasement of the USD.....this is why GOLD is going to double in 2010
