3 bubbles to destroy China
William Pesek wrote another article in the Today paper, one of those that prayed that China will collapse tomorrow. Nothing worth reading as the doomsayer's mindsets are predictable. I would like to write an article about the 6 bubbles that will destroy America. 1. The huge trade deficit that they cannot afford to repay. The greenback will soon become green banana money. 2. The huge expenditure on war and the defence budget. 3. The high consumption of Americans. They drink more petrol and eat beef that is 5 times bigger than the Asians. Mother earth just cannot afford to keep feeding them without going bust. 4. The high wage expectation. They think they are the chosen people that can always command a higher pay than other aliens. This privilege is only reserved for citizens of Paradise Island. All their industries will move out in a matter of time. They are simply uncompetitive. 5. They have made themselves the enemy of the Arab/Muslim world. 6. They think they can continue to fight wars everywhere with impunity. I could have added more. But these 6 bubbles, each alone, could cripple the American economy.