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If the eventual resolution is only a tax hike, I'd be elated. The way things are headed, China just buys our government's debt because if we sink, they've got nobody to sell their goods to. In the end, with the globalization mega-trend, China eventually will be able to find other countries that are better investments and they just exercise their discretion, devaluing our currency. The poor sobs trying to make a go of it in America when that starts happening are gonna be screwed.



The Laffer Curve is your friend.

China War Game scenario. It has already happened. The move away from the dollar as a world currency is going on now.

Panzer on credit? Great stuff.

Lou is doing fine. Let him run. I like his psuedo-wrath.