The US is the largest debtor nation in the world, with the largest per capita consumption of energy, and its currency is in decline. Does that mean a decline in America's wealth and super power status? This article makes some sobering observations, predictions, and recommendations.
interest rate economy
its bills with low interest credit. - Low interest credit is only accepted for the AAA bonds. Junk bonds, higher risks, have high interest rates. - Our congressmen currently visiting Iraq attest to a multi-year stay, with us all alone, paying the bills. So, what will be the impact over time of this situation? More spending, obviously, less income, higher debt, and, in order to keep bonds, a higher interest rate. So what? When interest rates go up, the economy will slow (some more). Housing market will