Somehow, I don't think that is the answer the holders of US debt wanted to hear!
But obviously, massive printing of paper dollars and the resulting hyper-inflation is the next "Hail Mary" attempt by the bankers and politicians to prolong their wealth and power.
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US economy is in a deep hole and US shouldn’t dig any more. Reckless money printing known as “Quantitative Easing” and economical stimulus packages introduced in the aftermath of the Credit Crunch, has made very little impact on the growth of US economy. Current US economical growth is not adequate enough to create jobs and to get an economy back on track. Now the banks are under enormous pressure to lend more money but reckless lending by banks got US into this mess in the first place. The economical problems in Greece, Spain and Italy are very precarious. The bailout phenomenon is not working in Greece which is on the brink of defaulting on its debt. It is impossible for the EU to bailout Italy which is the third largest economy in Europe.
Democracy in US is a dictatorship of the elite. US is not a democracy because it is money that talks during elections and not the people. The results of each election are the expression of the voice of money and not the voice of Americans.
Peru’s constitution prohibits an outgoing president from seeking a second consecutive mandate. In Guatemala, not only can an outgoing president not seek re-election to the same post, no one from that president’s family can aspire to the president either. Rwanda is the only country in the world that has 56% female parliamentarians. In the recent CIA index, four of the world’s best-governed countries are African. Equatorial Guinea whose public debt represents only 1% of the GDP.
After Libya, NATO will go after Algeria, because apart from its huge energy resources, the country has cash reserves of around $250 billion. This is what lures the countries that are bombing Libya and they all have one thing in common – they are practically bankrupt. The USA alone, has a staggering debt of $14,000 billion, France, Great Britain and Italy each have a $2,000 billion public deficit compared to less than $400 billion in public debt for 46 African countries combined.
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