Originally Posted by jazzguru
So how's that voting strategy been working out for ya?
If I was 'merican, I would have voted for McCain. Simply because what is happening now was inevitable, and it would have been justice for the Republican party to be in office when the house of cards comes tumbling down. At least it would have wiped them out completely.
As it is, fortunately Obama seems to be doing the right things, at least someone learnt something from history - the quicker the US 'print the money' 'devalue' or 'quantitavely ease', 'inflate' - whatever its called these days, the quicker things will get back on track.
Of course, when you get as clever as me, you will know that 'on track' means progressing down the path of inevitable self destruction and collapse - from which there is no comeback.
I think we will escape this time, and the dollar will be worth about half of what it is today in a few years and be in terminal decline. There will be a period of low growth for about 15 years with pretty bad inflation and high interest rates (the apparent growth only coming from fudging the value of the dollar) , followed by a bubble, then the fatal collapse.
By that time, the Asain markets will thoroughly developed and they'll be in control (but silently sitting aside waiting) of the world, and will emerge as the new financial superpowers when America self destructs, they will buy the last of America on the cheap.
America is on its last generation. Perhaps its best option is to invade Canada.