06-03-2011, 11:53 AM
(06-03-2011, 11:40 AM)Maggot Wrote: This is reminding me of the Carter administration more every day. We should be seeing lines at the gas station any day now.
But remember interest rates when Carter was President. Some as high as 18% on home loans, the industry was selling 100 year mortgages. Double digit inflation. I think we will all face rapid devaluation of the dollar and be told that US dollars are being replaced by the Amero and that 2 USD will equal 1 Amero. It will make the us citizen take it on the chin and really smack the responsible ones who saved, having them serve as the victims of the ones who spent and wasted our solvency.