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USA Dept

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bfit:
The USA and those countries in the wrong end of the euro
 are going to bring the world to its knees

I am optimistic and I can not see anything good happening in the next few years

Any one who has a mortgage should  seriously look at income  insurance
I may be pessimistic .

Here in Australia we will not   be effected as bad as some countries.
But is you are one of those  who looses their job that is no comfort.

I remember well the recession we had to have
Whats coming will not be any better than that
interest rates of 18% REMEMBER


I will be quite happy if I am proven wrong!
Bfit
   

Vette Obsessed:
Something I got from another site:

"If the US Government was a family, they would be making $58,000 a year, they spend $75,000 a year, & are $327,000 in credit card debt. They are currently proposing BIG spending cuts to reduce their spending to $72,000 a year. These are the actual proportions of the federal budget & debt, reduced to a level that we can understand." - Dave Ramsey

I have to agree with both you guys, things worldwide are going to get a lot worse before they get better.

bfit:
Now  the US is rated a AA risk
 that's a laugh

The only thing the US has going for it is that there is really no alternative  for a base currency
that's the up side
the down side is that they will drag every one down with them

The sad face it that Australia  is following the US
On a smaller scale

If we did not have coal and iron ore
 we would already be rated at third world status

saving here are getting under cointroll
credit is on the reduction  in the households.

How ever our governments in Australia  do not really want to get the unemployment down further.

the tax policies  are counter productive

Rater than collect reasonable tax from employment
they just keep adding taxes  to  business.
And get at the worked with in direct taxes
There is No incentive  to small business to grow and employ more people.

IN fact the opposite is ripe, like America we are exporting our companies and   the profits
And eventual our standard of living.

Our gran children will suffer  the consequences.

I better stop there.
Bfit

 

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