Stop your bull$hit man
Start thinking and posting like an adult who claims to be in business and has a law degree.
You see, genius, the US is an experiment ready to burst like that Chinese balloon for thee reasons: open borders, deficit spending, and unpayable debt. The American standard of living is a debt-based illusion and like any Ponzi scam - unsustainable. Here is why so pay attention:
Government debt - 31 trillion
Corporate debt - 24 trillion
Private debt - 16 trillion
Total debt - 71 trillion
Are you still with me, genius?
OK. Now if you removed that 71 trillion debt from the US NAV (NAV stands for net asset value) "America" would look like a run-down Indian reservation.
Before you come up with another piece of your wisdom, please accept that debt can be paid off only from the newly created wealth. A farmer can pay off what he borrowed by selling what he planted and harvested. The service economy, which is what the US has become, does not create any wealth so the only option left is to keep borrowing what you owe in interest and principal - until you go broke.
Did you notice that the just-released new jobs figures do not have manufacturing, mining, and farming in them - the only activities that produce national wealth?
Since the US, by the magic of "printing" new money cannot go broke and close the doors, it can only feed the scam with new money - until the happy prosperity balloon bursts.
Got it or was I too fast?
The final point...Is all debt bad? No. The debt to invest in a wealth-producing entity is good. Exxon can borrow to drill all day long and pay the debt off by selling the new oil to refiners.
The American drama is that what we collectively borrow we consume. We eat ourselves and China and other US enemies know it. That's why that balloon and the middle finger on it.
