[KG8]

don't anyone hold your breath waiting for the $US to ever rally back up to its old norms. Their public debt is nearly 9 Trillion and their household, business, financial and government sectors total in at a whopping $48 Trillion. Even a cursory thought will tell you this is un-playable at current rates and must be either defaulted on or paid back in deflated dollars.

For various reasons they can't default like the English did when their empire collapsed, so the US's only option is to devalue their dollar. Makes you wonder what is going to happen to all the poor souls in this nation who took out equity "re-mortgaged" and bought HSV's, pools and back decks in the belief that interest rates would stay low forever and that their house was going to double in price again? ( I call this the Great Australian Delusion )

You gotta pay the piper one day.