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The Future of your country?..ask and I will tell you,...
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[quote:Anonymous Coward 301453:MV8xMDgzMzRfNjgwNjg2Nl9CQ0VENkU5QQ==] On the face of the default of the USA by something to pay To the technical default of the USA remained ten days, calculated the minister of finances of the country Henry [Polson]. On Wednesday it directed to congressmen the letter, in which it tearfully asked them not to linger with a sequential increase in the lath of the national debt. The corrections, which would permit increasing ceiling on 850 more billion dollars, lie at the senate already month. Experts do not doubt, that, after pulling nerves to Republicans, Democrat- congressmen will agree to the new debts. However, the building of this pyramid cannot infinitely continue. To the beginning of week the national debt to the USA reached 8,914 [trln] dollars. (67% of the GDP [Gross Domestic Product] of the country). To the limit, established by law, to it 51 billion dollars did not be sufficient. If we add the here continuous drop in the dollar (yesterday it for the first time in the history was opened psychological mark in 1,4 dollars. against the Euro-), the draining of foreign means from Amer. [skikh] [gosobligatsiy] (in July it it was 49 billion dollars), becomes understandable, why the minister of finances of the USA passed to the epistolary genre. “As soon as possible” requests Mr. [Polson] to raise ceiling to 9,815 [trln] dollars. (more than 73% of the GDP [Gross Domestic Product]), recalling that “solvency of the United States - main national active membership and the cornerstone of world financial system”. The senators do not hardly understand this, but nevertheless they do not miss chance to pull the nerves of republic administration. This is too successful a possibility to resemble to all, to what it led politician Bush, were confident elder economist Lehman Brothers To [dryu] Mathews. Experts note that the laws of the USA do not provide for the critical threshold, higher than which it is not possible to establish the level of [gosdolga]. For the comparison, in the Euro- union critical is considered the level in 60% of the GDP [Gross Domestic Product]. After acts of terror on September 11 and crisis of [dotkomov] the Republicans reduced taxes and sharply decreased rates. This is powerful [prostimulirovalo] economic increase, but together with the enormous expenditures for wars in Iraq and Afghanistan gave monstrous budget deficit (413 billion dollars. in 2004). It was financed due to the foreign debts, which in the time of George Bush's administration grew by 70% (to 4 [trln] dollars.). An increase in the ceiling of [gosdolga] became not more than “the formality”, which must not no one frighten, counts [Dryu] Mathews. “From this absolutely technical measure congress traditionally arranges hysterics”, noted the expert [RBK] of daily. Meanwhile the danger see not only the politically engaged economists from the staff Of [khillari] Clinton, which stated yesterday that [natsio] [nalnyy] debt in the hands of Chinese government - threat of national security. Been chapter [FRS] Alan Greenspan in the recently published memoirs attacked with the criticism George Bush and hurried to [otkrestitsya] from an increase in the budget gap and it on consequences. Greenspan still in 2003 prevented about the fact that if [gosdolg] exceeds the limits of 60-65% of GDP [Gross Domestic Product], American economy will become the pyramid: only possibility to attend debts it will become the release of new bills with the inevitable default. But this is vicious circle. [/quote]
Original Message
What will happen to your country the coming years? I have the power to see,
if you like to know. But a warning, for some the future is not so bright.
But if you wanna know, I Gaia Man will give you the answer.
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