Unfortunately for the United States the rest of the world is wising up. They are beginning to realize that we have borrowed more than we can ever pay back. So now they are saying no more. And we’ve been cut off. Our days of living beyond our means are quickly coming to an end and Americans will have to start doing the things they hate most…saving their money and living beneath their means.
“The party is over,” said Peter Schiff, president of Euro Pacific Capital. “The current financial storm represents the death throes of the old global economic order, and perhaps the birth pains of a new one. The sun is setting on the borrow-and-spend culture that has all but defined us for a generation. … The sooner we come to grips with this, the better.”
— Justin of Vizionkc