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	Name:	water_watcher -
	Subject:	Two Scandals
	Date:	1/4/2009 6:42:21 PM

Wow ... Obama now has his second scandal to deal with and he has note even taken office. Interesting that both involved a pay to play. Seems that is the democrats way.

Now congress is already getting a little uneasy about the chosen ones 900 billion stimulus plan.

Has anyone asked themselves where this money comes from? It is from outher contries that buy US treasuries. Now what happens if they start getting nervous about the US and start to pull out their money. First it would cause interest rates to sky rocket as treasury rates would start to go higher and higher looking for investors. Then when they couldn't find any and the US just printed dollars it would make the US dollar nearly worthless and inflation would go to levels unheard of in the US .... 200% or more.

Yes, if some of these foreign countries wanted to bring the US to their knees all they have to do is start pulling their money out of the US and we would have civil unrest that would probably destroy this country. The hope is that they know that would happen and need the US as a consuming country or it would impact the economies of the foreign country investors.

Could this be the "test" Obama will face that Biden spoke about? Did he see it coming and a possibility?

Other messages in this thread:

View Entire Thread

Two Scandals - water_watcher - 1/4/2009 6:42:21 PM

Two Scandals - Talullahhound - 1/4/2009 8:23:34 PM

Two Scandals - MartiniMan - 1/5/2009 9:13:26 AM

Two Scandals - Talullahhound - 1/5/2009 1:41:08 PM

Two Scandals - JustAGuy - 1/5/2009 6:09:04 PM

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