05-31-2011, 12:55 PM
I believe we will see another downturn. Not that I want it but when inflation catches up and the Fed cannot print anymore money (yeah right! haha) the banks will hold onto any cash they have as the housing market continues crashing. What is needed is another innovation like the internet. That alone has spurred more spending than anything in the past 30 yrs. People should realise that things do not cost more, the dollar is just worth less. The indications last year of the dollar not being used as the basis for the world market was just the beginning of a new trend. If the dollar becomes any more undervalued we will see a true downturn in our financial standing with the world. As everyone cuts back on spending in America China begins spending more and more, countries today are not loyal and will dump the dollar faster than it takes to scratch your ass.
The issue in the future will be how much America gives to other countries and if China fills the void their political ambitions will also. Communism/Socialism will follow and after the U.S. depletes its natural resources we will be ripe for a takeover.
This will probably not happen in my lifetime but I can see the government grabbing the monetary assets of its citizens under the flag of "national security". Or at least taxing them to death.
The issue in the future will be how much America gives to other countries and if China fills the void their political ambitions will also. Communism/Socialism will follow and after the U.S. depletes its natural resources we will be ripe for a takeover.
This will probably not happen in my lifetime but I can see the government grabbing the monetary assets of its citizens under the flag of "national security". Or at least taxing them to death.
He ain't heavy, he's my brother.