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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: John Carragher who wrote (31293)6/2/2005 10:43:53 PM
From: jficquette  Read Replies (2) of 116555
 
American politics will veer sharply to the right starting in about 20 years when all of the now under 20 crowd come of age and confront the huge debt that the greedy, narissictic baby boomers saddled them with.

It will be a revolution and the people will elect fiscally conservative politicans that will get the house in order.

The entire society will become much more conservative when they realize how much 60 years of liberalism failed them.

It will be very painful and only a generation with $20 trillion of debt to service would be willing to take it on.

John
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