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Forbes views on UK + US economies and tanking Dollar (11Aug11)

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Uploaded on Aug 12, 2011

The chairman of Forbes, Steve Forbes gives his ridiculous views on the UK economy, and the US economy and Dollar.

The USA IS NOT a AAA rated country, it has been borrowing way beyond it's ability to pay for decades (borrowing from Peter to pay Paul etc. etc.). If they were that good at selling or exploiting their assets, they would not need to borrow $14Trillion in the first place.

Forbes thinks that the UK should not be cutting spending and increasing taxes, but the US should carry on spending other peoples money despite being broke. Irrespective of what the rating agencies say, the US economy is bust, people are dumping the US Dollar like a hot potato, noticed the gold price lately Mr.Forbes?

Recorded from Channel 4 News, 11August 2011.

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