Comments on: Destruction By National Debt http://www.jonasclark.com/blog/politics/destruction-by-national-debt/ Informing Equipping Empowering... Thu, 05 Nov 2009 05:03:24 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: ProDigit http://www.jonasclark.com/blog/politics/destruction-by-national-debt/comment-page-1/#comment-496 ProDigit Thu, 01 Oct 2009 02:18:24 +0000 http://www.jonasclark.com/blog/?p=518#comment-496 I think a lot also has to do with the wealth transfer to Asia! I think at this pace it'd take about 5 years until wages in China, and Japan are equal to wages in USA, and import will decline. Then the economy will recover (at least a bit), and the dollar rise. Another theory is many developing nations will start developing basic materials from ground sources (like fabric, linnen, steel, stone, clay, coal,...) and export them for a lower price than can be done in USA. I fear after Asia (Japan,China, India), other regions will provide those minerals, especially countries like Russia, Chile, South America, the Philippines perhaps, Vietnam, Korea, etc...) Anyways, I think a one world government is only after the wealth of the world is distributed evenly amongst Europe, Asia, and America. It would make more sense if it was like that... Anyways, I think in the long run USA can either keep on borrowing, or spend 40 years paying back it's debt! I think a lot also has to do with the wealth transfer to Asia!
I think at this pace it’d take about 5 years until wages in China, and Japan are equal to wages in USA, and import will decline.
Then the economy will recover (at least a bit), and the dollar rise.

Another theory is many developing nations will start developing basic materials from ground sources (like fabric, linnen, steel, stone, clay, coal,…) and export them for a lower price than can be done in USA.

I fear after Asia (Japan,China, India), other regions will provide those minerals, especially countries like Russia, Chile, South America, the Philippines perhaps, Vietnam, Korea, etc…)

Anyways, I think a one world government is only after the wealth of the world is distributed evenly amongst Europe, Asia, and America.
It would make more sense if it was like that…

Anyways, I think in the long run USA can either keep on borrowing, or spend 40 years paying back it’s debt!

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