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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: roguedolphin who wrote (88264)10/31/2007 5:07:23 PM
From: Mike Johnston  Read Replies (1) | Respond to of 110194
 
We will see how this country will look like in 10 years.

My prediction is that at some point there will be a massive migration out of the country, because some people that have skills that allow them worldwide mobility will refuse to exchange their labor/services here for worthless american pesos and will refuse to live their lives struggling not to get ripped off by constant inflation.

Migration of wealth has already began.

Also, the economics of life will change drastically when you will get 100% rise in the cost of living with only 15% increase in wages.

One silver lining - the problem of illegal immigration will finally be solved once US dollar becomes a worthless piece of toilet paper.