2008-08-13economyincrisis.org

The nation’s industries and real estate are selling at the fastest rate ever witnessed, $121 billion in assets sold so far this year. The exuberant amount of foreign money entering the states is artificially inflating the dollar, providing the nation with some short-lived relief by driving down oil prices and other commodities. But this is only a false illusion that will not last.

The "nothing will remain American" bit is a bit silly (remember when Japan was going to buy up the whole US? How'd that go? Yeah...); but we will definitely lose control of more assets than we otherwise would have if we had lived within our means for hte past decade.



Comments: Be the first to add a comment

add a comment | go to forum thread