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Please give me evidence that this is just a cycle. Our international debt is going in ONE direction, and the value of the dollar is therefore going in ONE direction. This is not ebb and flow. Obviously floating the economy by individuals also going into deeper debt has an ugly endgame. Unless the US starts producing something that the rest of the world needs and cannot get without the US, this trend continues (probably accelerates). What is that something? Please tell us. Your posts, that "things always work out" is more akin to plugging ones ears than those who are worried.
Again, the only way out of debt is to produce something the world needs and can't get without the US. What is that? Imaginary derivatives? That seems to have run its course. Patents on food genes and medicine? Like that's gonna last. Please tell, what's that magic bullet?
