why the us is doomed but oz is not, page-3

If the USA is doomed then we are doomed.

Chinas biggest market is the USA. If it goes then china does.

China has a huge internal market but most of the populace are peasants.

Check out Ireland its borrowing to GDP was healthy until the economy collapsed and then suddenly as a ratio to GDP there debt went threw the roof.

The same will happen to Australia

We have half a trillion dollars of debt If you combine state and federal. All accrued under incompetent Labor governements.

Tough times ahead is my call. Well at least interest rates will go down.

Unfortunately unemployment will go up. Economics 101.