Thursday, November 09, 2006

US Debt - Time to Pay the Piper

China has just launched the first real bomb toward the US. Not the nuclear bomb like North Korea instead, in response to the Democrats coming into power and the possibility that Chinese goods will no longer be subsidized by the US Government, what does China do? They have a news conference and clearly state that they intend to diversify their currency holdings.

In other words, continue the status quo America or we will tank your economy! The bad news, they actually can do it. I, and others much smarter than myself, have been warning of the devastating and apocalyptical consequences of Cowboy Capitalism. So while our friends in the Financial Markets make millions of dollars in commissions and bonuses and our CEOs take home hundreds of millions of dollars in salary while cutting employee wages and shipping jobs to China we are about to take the medicine for shortsighted business decisions and the corruption of our politicians.

Joe citizen, get something really strong to bite on, this is a 1.2 trillion dollar suppository!

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