Quote:
Originally Posted by r00t
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It's not exactly outide the realm of possibilities, especially when your suggestion to pay the debt is to devalue the currency (although realistically the only way, hence collapse imminent)
Obama's gonna lshrink the debt np any day now
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China (sneakily) devalued its currency and put massive amounts of cash into public works projects. All to compete with a resurgence of the dollar. They havr not been as well off as people think. They are the equivalent of 60s america at this point.
japan devalued its currency to boost its commodity market after nuclear boom and tsunami combined with a decade of sluggish growth. Both of these worked well.
take the german centirc slash austerity approach in europe. It has done nothing but extend a recession. They should be focusing on growth and development projects. Like money for Cyprus oil fields.
at least we are finally seeing some news from spain.
time and time again it has been proven to invest in your people and be responsible with growth projects and your country will thrive. Currency devaluation has...at least recently shown to help jumpstart stalling systems.
manage your inflation rates dawg
07-27-2013, 03:39 PM
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