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The Stalls of Higher Thought

US Set To Unleash Final Weapons of Economic Mass Distruction.

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As Toronto Star National Affairs Columnist, Thomas Walkom outlines in his article on November 13, 2010 the United States government has failed to solve it’s massive financial problems and is about to throw their final desperate financial hail Mary in hopes of avoid the seemingly inevitable economic collapse that looms for it’s citizens.

Here’s a really brief recap of his comments:

  1. Global trade imbalance: China makes and exports too much  and the US makes too little and imports too much.
  2. Unmanageable US debt: US losing the ability to borrow from the global markets to fund two long wars and massive taxes cuts.
  3. Political paralysis in the US virtually assures no real solutions are on the political horizon.
  4. Currency war: With all options exhausted the US will begin printing money and flooding Capital markets with devalued US dollars – so-called quantitative easing. But countries that historically supported the US are running away from the US dollar faster than the Fed can print them.
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Written by mattliving

November 13, 2010 at 11:57 am

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