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|User Info||David Stockman: Here It Comes!; entered at 2012-07-16 16:37:02|
"why is it different this time?"|
Because 'Merika, hasn't actually been a world power since the 1980's, it's simply run up its credit card to pretend that it is. It's used its military might to bully its way into cheap energy, and used diabolical trade agreements and deficit-fueled handouts to keep its populace from realizing the economy is rotting to the core.
It's different this time because the rest of the world isn't going to tolerate this arrangement forever. There are barbarians at the gates, and plenty of other nations that want a share of the action, or at the very least they want a stable reserve currency to do business with-- one that doesn't empower the banksters and fraudsters on Wall Street and Capitol Hill. The rest of the world isn't as stupid as most Americans; they realize what's going on. They can tell the game is almost up on debt-based "prosperity." That's why it's different this time.