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


To: Follies who wrote (109950)1/21/2015 2:22:55 PM
From: Maurice Winn  Read Replies (3) | Respond to of 217713
 
After 40 years of waiting for this big collapse, it gets a bit tiring. <Not sure I agree. I believe the U.S. government spending and debt are out of control and will eventually result in a collapse> I guess the debt and promises will simply be reduced so the imagined future people expect will be unlike the reality which will be greatly reduced circumstances. There is great scope for envy and greed to reduce the USA to Argentinian style problems. Or perhaps Venezuelan. But maybe there won't be a collapse, but more of a gradual decline like England from being the world's pre-eminent place running the British Empire, bringing hordes of the benighted out of the stone age and into modernity.

London still has a lot going for it, but parts of it are looking third world, with the original inhabitants who created the success long gone. Paris too was once world leading. Now it's a no go zone - I haven't been this century.

30 years ago the USA debt was considered huge and gnashing of teeth over it was loud. Now it's vastly higher with promises piled on top and it still hasn't collapsed. Maybe they'll keep it going for a few more decades.

Mqurice