A Possible Credit Crunch

Americans are having a problem with the payment of mortgages, credit cards, etc……it is a credit crunch.  But there is a bigger problem looming on the horizon.  This does not mean that a person’s problems are not important just that the other could be diasterous to ALL Americans.

we all know about the war, right?  This is the first time since the Revolutionary War that the US has financed totally on credit.  At the beginning of the war the US was already operating in a deficit and basically had to borrow money to wage its war.

From the beginning the US had to borrow monies but from where?  Here is the “good” news–40% of the funds for the war were loaned to the US by China.  This will not happen, but what if that marker is called in?  What will it do to the US?  This is not the way to run a country!