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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (70226)	1/7/2011 3:46:57 PM
From: RJA_	Respond to of 217801

>> First time an empire goes down without a war. What then was: 1. Vietnam 2. Grenada (minor) 3. Iraq 4. Afganistan ?? None are budget enhancing. All done with borrowed money. All unsustainable. All part of the reason for your described effect. The other and major part of the reason is this (IMHO): Per Andy Xie, here: marketwatch.com For the developed world, the fundamental problem is that its high-cost society built after World War II isn’t sustainable in the age of globalization, because its labor income is being pulled down by globalization, which decreases fiscal revenue for supporting the welfare society. ======== China inflation will tend toward equalization. They have a long way to go but are coming on fast. At some point, the US will be back to making its own socks and other manufactured goods... (or perhaps outsourcing to Bangladesh)... the long term trends are toward more even results.... stay tuned. Meantime, the national debt must be eliminated somehow. Easiest way is to inflate it away... if your government salary is indexed for same, no problem. The rest of us may have some issues.