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on August 12, 2007 at 4:40 am and is filed under China, Ron Paul, free trade.
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August 12, 2007 at 4:48 am
hey berry.. Reading these earlier was a treat. You’re informative, on point, and decidedly readable. Glad to se you have a blog here.
August 14, 2007 at 6:05 pm
Great article. I’ve added your blog to my list of favorite blogs at http://kineticreaction.blogspot.com/
***
Mike — thanks for the props, and thanks for stopping by!
BD
August 26, 2007 at 5:59 pm
[...] On the other hand, there’s someone else who doesn’t see it that way. His name is David Walker, and he’s our Comptroller General in charge of the Government Accountability Office. His recent report, which provides a none-too-sanguine perspective, was written up last week in the Financial Times. I’d encourage anyone who isn’t yet concerned with our government’s profligacy to the point of insanity to read these two articles. And you should also learn to speak, read, and write Chinese. [...]
November 20, 2007 at 9:47 am
As much as I’d like to see a woman president, I don’t trust Hillary as far as I can throw her.
December 18, 2007 at 4:12 pm
BJ
I read it and understood about half of it. I will read the insightful essays to help me understand. My first response is “coordinated economic doomsday.” I will be back.
Sincerely 553 Highbrook.
December 18, 2007 at 8:49 pm
553Highbrook — I pretty much agree with your assessment, although I honestly don’t know if it’s intentionally “coordinated” or just short-sighted instant-gratification buy-now-pay-later behavior on a huge scale in an inherently unstable system of fractional reserve banking and fiat currencies.
The “doomsday scenario” is, in my estimation, not necessarily likely but certainly possible. What’s most concerning to me is that we’re on a path that’s going in the WRONG direction, and we are our own worst enemies.
China and our other trading partners can’t want us to print so much debt/money that the value of our currency declines towards the value of the paper it’s printed upon. At some point, while they like our dollars when they can buy stuff, they *also* need us to exercise restraint, or else the whole world gets hurt.
Government borrowing is kind of like eating a Big Mac. One won’t kill you, but if they’re all you eat for every meal, you’re life will be shorter and less enjoyable.