[quote=SD Realtor]Thanks for that. So now try to answer my question. Who do you think will “carry the load”?
There is nothing that I am denying except your claim that in 3 weeks chaos will reign. Like you claimed a year ago.
I am not denying things are screwed and will get much worse. I am denying that you believe some other country will “carry the load”.
Americans don’t have a choice in taking the pain or not taking the pain. They will take whatever card is dealt. There is nothing at all I am clinging to. The country will change whether we like it or not. So I am not sure what you think I am clinging to.
You seemed to like to make a great speech out of my question without answering it at all. Please point out something, ANYTHING that I wrote where I am clinging to any nostalgia.
Go ahead, point it out.
Oh yeah and then try to answer my question.[/quote]
First: if you recall the last week of September and the first week of October of 2008, I think you must admit that chaos did reign as our elected leaders struggled to plug the gaping holes that suddenly appeared in the financial system: the Dow went from 11,421 to 8,579 in about a week. TARP was quickly pushed through because nearly one trillion dollars was flooding out of money market funds in one twenty-four (24) hour period.
And this is not chaos to you? Unless you’re accustomed to living in a third world country, SD, this is most certainly chaos in what had once been orderly and predictable financial markets.
Second: I did answer your question, but you did not answer mine. My answer to your question, to be perfectly clear, is as follows: I do not see any individual country that can assume the *load* that the U.S. has carried. And I don’t know if one will appear in the near future. And quite frankly, that doesn’t bother me in the least. Why? Because, as I poised in my question to you, the U.S. offers absolutely NOTHING to the rest of the world at this point. We are the *load*. So please tell me what role you see the U.S. currently fulfilling, and why you think it is important for some other country to assume that role?
