My vision of the future now is: "look at Europe."
I think it was inevitable that Europe will break into pieces. The idea of a homogenous EU "super country" was doomed from the start. Take different cultures, different languages, and the infestation of Muslim immigrants, throw in insolvency through profligate and unaffordable spending in a number of member countries, and it's a wonder that it's lasted this long,
The big difference I see, that will help out a bit, is that we will never be as unionized as Europe.
Private sector, yes. Public sector growing out of control, although at other than the federal level, economic reality will eventually put a halt to that. Watch California for a taste of the future there..
What I see as the bull in the china shop is the inevitable crash of world currencies. Paper money chasing paper money, with out of control spending and spiraling debt that cannot be repaid, throughout the developed world. When reality finally hits that the "Emperor has no clothes", the resulting crash will not be pretty..
Perhaps UW's scenario will not be too far fetched if the collapse of world finances is severe enough.. |
