Quote:
Originally Posted by Charlie
Well, I already admitted we are a whorehouse, but I don't think you third world leeches would even exist if not for us
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You suffer from the same problem as me, you are still living in the 1970's. Back then America was a great nation, but now it is Asia that is propping the USA up, not the other way round. At the moment your country owes countries like China so much money that if China says "jump" the USA has to ask "How high sir?" and then damn well jump. Fortunately China and India also make a lot of money from exporting to the US, so they don't want to rock the boat. But if the President goes all protectionist and starts bringing in trade levies or some such thing (which must look inviting in the current economical climate), or if he stops that aid you keep moaning about, then countries like China can retaliate by demanding that the loans get repaid, then it will be the 1930s all over again. (I don't think this will happen while Mr Ob is in power, but if he looses the next election and you get someone like Palin in, there is a serious risk she will get patriotic and protectionist, if that looks like happening, emigrate to Canada or Europe before it is too late!)
However the most imminent worry is over America's credit rating. At the moment it is good, but if it drops, you owe more money that Greece does, so the same thing will happen in America as is happening there, prices are going up, and salaries are going down. Serious poverty for most people, however not as bad as the above scenario (but there is a greater chance of it happening, even with a good President).