"We [US] blew all the [borrowed] money on consumption"
"We need to go back to a sane economy"
"I'd be buying dips in commodities"
These aren't merely "dips" but I agree with the sentiment
"A major run on the dollar" is coming
We have to pay for our imports. We like all these consumer products but how do we pay for them? We can't expect the world to produce this stuff and give them nothing in return
A good question. I frankly have no idea what America's largest exports are (I would guess ag). Of course, we used to be admired for our financial creativity and expertise but that's history.
"We manufactured our way into becoming the wealthiest economy in the world and now we've consumed our way into bankruptcy"
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