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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: axial who wrote (25267)	12/7/2009 1:26:16 PM
From: benwood	1 Recommendation Read Replies (3) \| Respond to of 71463

Jim, that's the future in a nutshell. It ain't gonna be pretty. Even worse, the decaying electric, plumbing and sewer networks will not be upgraded as needed, due to fiscal mayhem. So other perversions are in the works, too, although they will unfold gradually. Here in Seattle, my neighborhood lost power three different times in a three-week span, kind of dramatically (many rapid blinks). We actually got a letter from Seattle City Light that told us why -- an underground cable had lost it's insulation and needed to be replaced. They expected the repairs to be completed by the end of the year. And just a few months ago, there was a water main break down my street and my water was off for twelve hours as the Metro water crew was all over it, digging a huge trench and replacing the broken section (impacted by accident). I believe that in two years' time, most localities will not get timely response that we've been accustomed to and that the landscape will begin to change about what gov't delivers because they will be getting severely squeezed by declining tax revenues and inflating costs of steel, materials, pension plans, you name it. And they will be as always very slow to respond to the true crisis, e.g. in California where many retire at over 100% of their base pay and in theory far more than 100% of e.g. their inflation adjusted average of the past 10 years thanks to the ability to transfer to a much higher paying district for just the final 1 year. All that overhang of stupidity and entitlement will cripple the last ditch effort to get off oil in size and society will need to get by on much less energy and a much less responsive gov't.