- Jul 29, 2001
National Debt is no problem just nationalize it as Soviets did when they collapsed... the big problem is our trade deficit and we must pay a penalty if the global system is to be brought back into equilibrium. It starts with foreigners owning our businesses and buying our lands as they try and give these dollars back to us then when thats over with our currency so depreciated no American can afford anything our former companies produced or land we used to own because we don't make anything anyone wants. Mexicans or other immigrants are prepared better for the fallout but won't be immune to it either. We'll have to rebuild our industry and government like the soviets did. In a way you could look at it like we both lost cold war our loss is just a little delayed.