And it is VERY wrong;
Sep 19, 2012 5:14:23 PM I was a Political Science major before going to Nam. After my tour I finished my Masters in Economics. With all the bragadashery of how we defeated the evil empire and berating of China in other contexts we certainly are leaving ourselves open to retribution in the long run via our national debt and it being subsidized by foreign powers like China. Economists warn what could happen if [they] decide to dump the Treasury holdings or refuse to fund more. Our superpower status along with the hype is vulnerable to long term ambitions of these foreign powers who might be patiently plotting our demise as a superpower. The Chinese would say that "The tiger only pounces when it is ready not when the prey wants them to".
That was a comment at: Gates Slams Congress for 'Managerial Cowardice'
How can a person get a Masters in Economics, without knowing the difference between a FIAT-CURRENCY-ISSUER, and a fiat-currency-user? Where'd he get his degree, at the Institute for Gold-Standard Economics? Whatever they taught him has been out of date in the USA, and plain wrong, since 1933, despite the pretend of the Breton Woods inter-gov agreements from 1944-1973.
If anything, the Harvard-economics cronies or Wall St. "economists" are waiting until our electorate is dumbed down enough, before they decide to pounce on their own nose to spite their face.