Job Creation-OBAMA Style

[Cool Beans]

Yes it was the fatal flaw of the Soviet Union. They spent themselves out of existence, and less then 8 months ago, Putin made the comment during a speech that America seems to be following that path and if we did not stop, we would end up the same, taking most of the world's economy with us.

Several officials in China believe the U.S. will fall to 5 major territories by the end of 2010, and they will have political control over California, Nevada, Arizona and a few other former states. (read form Japanese news source). They actually had a map showing where the borders would most likely be and under whose protection/influence each area would be under.

[Fishpart]

Interesting, the only thing that kept the Soviets alive as long as they were was the fact that they had significant income from exports to the west. Hard for a socialist country to exist without money coming in from the outside.

[Cool Beans]

Originally Posted by Fishpart

Interesting, the only thing that kept the Soviets alive as long as they were was the fact that they had significant income from exports to the west. Hard for a socialist country to exist without money coming in from the outside.

Currently we get most of ours on loan from China..........

[JohnnyD]

Originally Posted by Cool Beans

Currently we get most of ours on loan from China..........

Canada and Mexico. China is 3th on the list of US export purchasers.

And with only 5.9% of exports, compared to 19.1% and 11.8% with Canada and Mexico, respectively.

http://www.census.gov/foreign-trade/...s.html#exports

[Cool Beans]

I was referring to the bonds we sell China to support our deficit spending.

[Joe]

The Soviet Union went bankrupt because Ronald Reagan pushed them to it. Reagan understood that the Cold War was really an economic war, and that all we needed to do was to spend at a rate we could not afford, but that the Soviets could less afford. The Soviet Union's fatal flaw was their predictability - a very common shortcoming.