Sep
30th
Tue
30th
We live in a strange world now. A world in which Western democracies are broke and totalitarian regimes are flooded with cash. Examples of people with cash, the Saudis, the Chinese, the Russians. Example of people without cash. The Americans. So how can we make the people with cash give to the people without cash without dealing with their totalitarian regimes? Well USA has been doing a lot of that already by selling them US government debt. But these are desperate times. USA now needs another $700bn to shore up its financial institutions. How could it possibly get this money. Now here is an idea. USA should give nationality to those who invest over $1 million in equity in US real estate.
