Posted by linkadge on October 19, 2013, at 20:35:30
In reply to Re: Irving Kirsch, placebos and antidepressants, posted by sigismund on October 19, 2013, at 19:26:34
I agree with you about American protectionism. Unfortunately, I believe, we are witnessing the beginning of the fall of the US empire. Our living standards will continue to fall, as those of individuals in third world countries rise. We consume more than we produce. We borrow money from China to buy things from China that we neither need nor can afford.
We are witnessing other countries copy the 1900's US style of economic growth. Jobs will continue to leave the country and the US will continue to print money. Eventually China will catch on that is never going to get its money back. At this stage, the US will be unable to finance its debt. Interest rates will skyrocket and the typical western debt driven consumption model will implode.
Buy gold and get the hell out of the US dollar!
Linkadge
poster:linkadge
thread:1052457
URL: http://www.dr-bob.org/babble/20130930/msgs/1052593.html