«Issues pertaining to European
sovereign debt and the heightened risk of the U.S. entering another recession have made for a
rather undesirable environment for issuers to lower their credit card rates,» Nice said.
The United States carries tremendous
debts, much of it owned by foreigners and foreign governments, other countries»
sovereign wealth funds are looking to acquire chunks of the U.S. economy, the U.S. dollars is the world's reserve currency primarily because of inertia
rather than our economic strength, and we ship money abroad every day to buy plasma tvs and gasoline.