A friend recently asked me how I felt about America becoming the next Greece.
I had to firmly say NO to the idea, but here is what I DO think:
- The new Japan is China. An export economy with too much capacity.
- The new Greece is Spain. It has debt up the wazoo.
- The new Ireland is the old Ireland. It is exporting people at the fastest rate since the 19th century.
- The New America is Brazil.
WHOA! What happened to the old America?
- America is the new Argentina. America is broke and its government has gone rogue, just like Argentina in the 1980's.
Saturday 12 May 2012
Is America becoming Greece? No, but.....from Rico
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1 comment:
I might add:
Brazil is a country of the future — and always will be.
Argentina is a country of the past — and always will be.
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