it could effect the U.S economy, mentioning that the value of the U.S dollar can collapse by 50% in the next few years to come if not sooner…and how some people were already investing over seas and selling their dollars….i cant remember who reported it. But i like to get some opinions on that by the people.thanks.
I think a lot of the American economy is smoke and mirrors. because we have become so dependent of imported goods we no longer have the industrial capacity to support ourselves. This combined with the large number of company’s moving operations over sea’s makes the market more unstable. The Mortgage company’s and there stretch to make loans to every one is not unlike the Savings and loan buy out of years ago. the loan companys are urged to loan out money to keep the smoke and mirrors econmy going. IE if people are spending money, even if its not theres, then the econmy must be ok. but when there is not way to pay it back or get more then the smoke clears.
So i was watching the news ealier today and they were talking about the crash in mortgage companies and how?
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I think a lot of the American economy is smoke and mirrors. because we have become so dependent of imported goods we no longer have the industrial capacity to support ourselves. This combined with the large number of company’s moving operations over sea’s makes the market more unstable. The Mortgage company’s and there stretch to make loans to every one is not unlike the Savings and loan buy out of years ago. the loan companys are urged to loan out money to keep the smoke and mirrors econmy going. IE if people are spending money, even if its not theres, then the econmy must be ok. but when there is not way to pay it back or get more then the smoke clears.
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