This guy is a trend researcher and he supposedly has a good track record of being correct, he predicted the current economic conditions. He predicts a bleak future and a big economic collapses within the next decade. It appears to agree with some of the other sources I have read. Some of his doom and gloom outlook can be viewed on his website. He states their will be bands of robbing marauders, boss kidnappings, and social unrest that will lead to a revolution.
I think there is some element of truth to his outlooks; but I think he is playing a little off of people's fear and uncertainties about the current economic situation, and I don't think it will get as bad as he describes it. I don't think there will be a total collapse of society. An interesting question he asks is, "what will all of the college students do when they complete school"? I hope the economy will be better by then, but from the various sources I have read that is somewhat doubtful. The current policies and direction this government is taking America will have some major ramifications for us latter down the road. This is worth listening to and maybe you can gleam some bit of truth out of his gloom and doom predictions.
By the way, the White House ten year budget deficit projection is now up to nine trillion dollars up from the previous seven trillion dollars, "The Obama administration will raise its 10-year budget deficit projection to approximately $9 trillion from $7.108 trillion in a report next week, a senior administration official told Reuters on Friday." This was was the original figure of the CBO, but the news is that the White House is admitting the fact.
"Record-breaking deficits have raised concerns about America's ability to finance its debt and whether the United States can maintain its top-tier AAA credit rating."
It goes on to say that higher taxes are on the way which will further slow economic recovery and growth. It is worth noting what is coming our way. I am sure things will change for the better.
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Unfortunately for me, my company blocks access to Hot Air, so I'll have to view the vid later. I agree with you that America, with its still-strong middle class and middle-class values, will avoid becoming like Mexico, which he seems to be describing. If things get real bad, there will be a big return of Republicans I think. The only question is how bad does it have to get before the lemmings see the light.
ReplyDelete"This has been long in the making, but now it’s being accelerated, by these programs of stimulus packages, bailouts, buyouts, government takeovers. By the way, people are calling it — is it nationalism, is it socialism? The merger of state and corporate powers, according to Mussolini who knew a thing or two about it, is called fascism."
ReplyDeleteThe guy points out that India has joined Russia and China in calling for a new international reserve currency to replace the dollar since the current economic polices are devaluing it to such a great extent.
I think things will get worse but not to an extreme extent. Things will change before they get too bad. There are still a lot of people that have not been affected by the current economy. If the economy continues to get worse like various economist and sources I have read say that it will, there will be a lot of discontent out there. Loosing one's job and livelihood and not finding work sucks, and being dependent on the government for your income is not a good feeling, it will really suck when the government runs out of money, a good possibility in the future, and can't pay you. I won't be rioting or anything like that, but if I can't find work when I complete college I will be pissed. There is already rebellion against President Obama and his agenda as shown by the town hall meetings and his recent poll numbers.