A Dollar To Day A Cent Tomorrow
By: Guest Authors
By Glen Goodrum
Don’t you just hate to be right. Chinese premier Wen Jiabao urged the US to take measures to guarantee it’s good credit. Because China is the number 1 debt holder in T bills which will start coming due in 2012 and if the dollar is not worth the paper it is printed on China is set to lose big time as is any holder of T bills. Larry Summers the US President’s economic adviser said that boosting the economy would help reduce debt in the future. How are they boosting it? By raising the debt, borrowing spending and printing new money. I tried to warn people about this for the last 2 years.
When you come right down to it whose fault is it that we are in this mess? It’s ours. Would you put sweets and candy all through out the house and then tell your kids only eat two pieces a day? If you would , then you need a new brain, because your old one is very flawed.
But isn’t this just what we did ? We gave our Government a open unlimited check book and unlimited borrowing powers. Shame on us. We the people suppose to overseer the Government not the other way around.
Right not I see no light at the end of the tunnel only gloom and darkness but I refuse to give up Hope. As long as there are true conservatives there is Hope.