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The all-stars of the grossly misinformed

Discussion in 'Financial Cents' started by ColtCarbine, Oct 26, 2012.

  1. ColtCarbine

    ColtCarbine Monkey+++ Founding Member

  2. chelloveck

    chelloveck Diabolus Causidicus

    Lemmings say the darndest things.....(points at the youtube commentater) Yep the Chinese got paid.....with credit loaned to America by China to pay for the products imported from China.....making the USA the debtor and China the creditor.....simple economics dogf**k really.

    The Australian Broadcasting Corporation podcast (link below) called "The End of Ponzi Prosperity" gives a more realistic explanation of the problem than the talking head in the Youtube clip in the OP.

    http://mpegmedia.abc.net.au/rn/podcast/2012/05/bia_20120523_2005.mp3 (25mb)
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