Quote:
Originally Posted by spence
Wrong on all counts.
1) There is a ton of cash out there held by investors too afraid to risk it. When people have real solutions to solve the world's gigantic energy needs they will invest and make a killing.
2) The government already has no money.
3) The United States has the best IP protection, legal system and innovative culture in the world. This isn't going to change in the next 20-30 years regardless of what China and India do.
Investors abroad still see the US Dollar as a lower risk currency, even with our trillions in debt. It's because for the near future well still are the heart of the global economy.
-spence
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I wont bother to debate. Time will tell. The United States has the most inovative cuture in the world? Hmm..... how are those auto manufacturers doing? Anyone own a US TV? DVD? Cellphone?
I'm curious, what have we innovated lately? Transfats at Burger King?