KUPOROMOKA KWA HIMAYA YA MAREKANI

Imechangiwa na Mervyn Lobo wa TANZANET
Mervyn1650Lobo
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The simple fact is that the US embarked on two wars that it could not afford.
It funded the wars, like all wars are funded, by borrowing money. The difference
this time is that instead of borrowing the taxes from the citizens who have
not yet started working, the US borrowed money from the Chinese.


Iraq was where the US blew up their money in "shock and awe."
Afghanistan, is where they blew up their soldiers. As usual, Afghanistan did
what it does best. Just like the Russians, the British and every invader since
Alexander the Macedonian, the US will eventually come to its senses, declare
victory, turn around, and leave.


The poor US tax payer and those who are not yet US tax payers, will then be
shafted with the bill for George Bush (43) and Obama's most unexcellent
adventures.


The problem with the US is the type of capitalism it now practises.
The capitalism of today's USA is one that can declare a company too
important to fail. These 'declared' companies are then given taxpayers money
to operate. Let me make this clear, the companies that are making losses are
given tax payer money to continue doing so. A second peculiarity of the current
US system is that it now pays .25% interest to those who save their money.
Since inflation is at more than .25% you now get penalized for saving.



Another prime example of how messed up the US is in is seen in the guy
that runs their economic policy. He still insists that dropping money from a
helicopter is an acceptable economic solver. Even Bob Mugabe did not go
that far......


To answer the question in the heading of your post, yes, the US is heading
towards economic doom. This does not mean a quick collapse. As an example,
Great Britain began its economic doom in the 1960's and yet their standard of
life (fifty year later) is far superior to the life lived in most countries today.


Lastly, in all but the last 250 of the past 2,000 years, India and China have
had the biggest economies in the world. As people in both countries
wrestle the economy back from the central govts, look forward to an upswing
in economic activity there. The increase in prosperity of both these
countries will cause the downturn in the economies of others.