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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Chas. who wrote (52948)	2/7/2006 2:50:59 PM
From: GST	Read Replies (5) of 110194

I think that US incomes will, on average, fall below incomes in large parts of the rest of the world, and unemployment will rise. If current trends hold, there will be a relatively small elite of super-rich in the US and a large unemployed underclass with a better chance of going to jail than landing a middle class job. In between the rich and the poor there will be a middle class working very, very hard not to fall into the underclass. The middle class will compete globally on the basis of their education and business abilities. American cities will revisit the sort of "burn it to the ground" violence of the 1960s. Poor people will be encouraged to join the military to fight an endless series of "wars" aimed at shoring up our declining place in the world. For many, this will be their only escape from poverty and crime. These "wars" will largely be "discretionary" and tied to securing resources and markets for an increasingly troubled domestic economy. Our debts will exceed our ability to repay and we will try to use force and fear to get the rest of the world to fall in line. The world will unite against us.

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