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I'm With Stupid wrote: »
You keep saying it, but you've failed to come up with a single example of how any president is a communist. And since no president in the history of the United States has advocated the abolition of private property, you cannot accuse any of them of being communist.
Senor Miguel wrote: »
If you look at public/private debt to GDP ratios and household/personal debt per person the UK is in worse shape, and % of GDP is more heavily skewed towards financial and "knowledge" based services than most countries including US.....we don't have North Sea oil to fall back on anymore and there's not much else tangible production or manufacturing going on. In fact the only thing propping our currency up recently was as a high interest carry trade swap against yen, chf etc but as this is all unwinding I can't see why anyone would want to be holding £, maybe that's why all the central banks are dumping it in favour of EUR/YEN/USD.
Of course when the $ collapses it will be more disruptive globally but that's not much comfort domestically if £ is also in the toilet.