- Registration time
- Last login
- Online time
- 1160 Hour
- Reading permission
An interesting point...|
The bombers on 9/11 were making a protest. They were NOT terrorising.
Remember that most people believe the attacks could have been stopped with normal hightening of security like the Libyan assassins were discouraged from attacking President Reagan in summer 1981. So the real terrorism isn't from al Qaeda. Al Qaeda will fly an airplane into a building on any day of the week. The real terrorism is from the American government, which may again allow Jihadists to strike.
When the interest rate was 1% in July 2003, the REAL interest rate was actually negative. The government was giving away money because inflation, even though a modest 3% then, was three times higher than the interest rate charged to banks. So if you borrow 100,000, you have to pay back 101,000 at the end of the ear, but inflation will erode the spending of the original sum to 97,000. So you borrow 100,000 and pay back 97,000+1,000=98,000. The government was giving away money -- to its wealthiest constituents.
The USA has more financial restructuring to do as time goes on. After years of cheap mortgages, working people now find themselves paying a higher percentage of their incomes out in housing costs! When mortgage costs were decreasing, housing prices were soaring.
Still the overseas borrowing of the USA continues, but at a rate that is unsustainable. And in the words of a famous economist, "If it is unsustainable, then eventually it will stop."