Great columns by Friedman and Krugman today.....showing exactly why, in detail, the US is a moribund Credit Card Empire nearing final collapse.....
The best Economic Model to predict the future of the American Economy is Germany in 1922-24....Germany's war reparations are our Trade Deficits....it's nearly the same thing! Our Money is our biggest EXPORT! Like post-war Germany in the 1920's FOREIGN SUPPORT for the currency was KEY!
I see no way that America, as we once knew it, can survive the second Bush presidency.
