U.S. & CHINA Ponzi Scheme?

[Jesse Ramirez]

Here's an article regarding the topic:

http://articles.moneycentral.msn.com/Investing/SuperModels/mad-world-chinas-bind-is-ours-too.aspx


I've been very interested in this topic ever since I began reading Rich Dad Poor Dad series and Donald Trump's books.

If are money is destined to go flat.....what then?

What is the best way to protect ourselves as individuals and as a country?

I'd like to know other people's opinion on the topic.

[Eddie Ziv]

Originally posted by Jesse:

Maybe a flat tax. Every individual pay a flat tax to be designated for certain income brackets.

People are eventually going to have to take care of themselves.
I believe the days of food stamps, social security, and other federal programs like these need to come to an end.
It's time to stop taking advantage of the system, make some sacrifices and do something for the good of the nation.

Sorry, Jessie. Not by a long shot. Flat tax is conservative idea to protect the rich from paying disproportionate taxes. That would never fly with the current congress or administration and as you can see, the opposite is happening.
With regard to cut all social programs and budget-busting entitlements, show me the congressman or senator who would vote for that and go back to his/ her state or district for re-election. No siree Bob...