Posted by Dennis (VA) on May 29, 2008 at 16:41:49 from (66.82.9.109):
I agree with those who expressed concern whether the wheels are coming off. We are in for a time of big change and not, I believe, for the better. I think we are just about where the Brit's were after WWII. We are by any classical definition, bankrupted from fighting too many wars eventhough their WWII was necessary. They became the largest debtor nation after WWII. after being the largest loaner nation before WWI. They lost their manufacturing base due to neglect and evolved into financial service ecomomy (which they told themselves was the next stage of economic development. They also had a big, young and rising maufacturing power to face after WWI and capitulate to after WWII because of that countries power and the debt owed to that power the USA. Sounds frightenly similar to where we find ourselves today.
Better time arounfd the corner? I certainly hope so but really don't believe so.
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