On 12-Feb-2005, Scott Weiser wrote:


After all, nations (including the
entirely of Europe) who owe the US commonly default on repayment of their
debts.

Name one country in Europe that has defaulted on a loan to the US since WWII.

Or, maybe we'll call in
all those WWI and WWII debts that Europe owes us, with interest.

When did those countries sign up for a loan? It was a gift.

You make this stuff up as you go along and you expect us to take
you seriously?

Do you think that either Japan or China is willing to engage in nuclear war
with the US in order to try to collect those debts? I think not.

If they call in the loans and the US defaults, the economy goes down the toilet.
Since you live on debt, you'll be broke and since you import more than you
export, you have little useful collateral. The Euro is stronger than the
US dollar and is backed by more people. Start thinking more globally and
stop thinking so insularly.

Mike