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News Link • Economy - Economics USA

Weekend Assignment

• Declare Your Independence
Time to get ready,... here is some help.
(sorry about the audio/video sync on this segment)

2 Comments in Response to

Comment by Doug Nusbaum
Entered on:

And our currency would be replaced by what exactly? The Euru?, the Russia Rubble?. The Chinese currency? Seriously, except for gold or silver or something similar, what would replace the Dollar? And Iceland was not bailed out. It simply let the banks go bankrupt, and more or less repudiated its own debt. It is now getting better.  ...was in place for a reason, as many argued. Iceland provides us some insight. After writing off the bad debt, Iceland now has a clean banking system and is now showing a 1.2% growth in the third quarter with a full year of growth projected in 2011. This was all done without a bailout and 2 years later... The man fails to mention that not only are we the worlds reserve currency, but also its bread basket. Exactly what will all those other countries use to purchase our food??

Comment by Doug Nusbaum
Entered on:

stupid and or lazy people do not bother to do research. Are you stupid or lazy?? 

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