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We will end up like the British Empire, slowly contracting and withdrawing from the World Stage, no longer being the centerpiece of the World as far as economic and military powers. In all likelihood China would assume our position... This would be the preferable way to go.. with our manufacturing base destroyed and our main source of GDP consumer spending, we could collapse entirely, or we could down size and re-adjust our way of life. This would obviously mean political and economic changes, but far less severe then option 2.
What would be happening in the markets?
At what levels would scenario 1 remain a possibility, and when would scenario 2 look unavoidable?
Originally posted by jimmyx
yeah...shocker!!!...on FOX NEWS....someone says that obama's policies are failing. yup....and after 5 months in office!!!! ....it's a good thing that the republicans had nothing to do with this...hey...i know!...just have the republican politicians say NO to everything...oh yeah, they've been doing that for 5 months
or...the republicans can be patriotic and actually try and help regular people, get jobs, and health care, and...and... HAHAHA..oh who am i kidding...they want the president of the united states and congress to fail.
Originally posted by silent thunder
Tent cities, ghost malls, tax riots, oh my! The man the NY Times called a purveyor of "pesssimism porn," Gerald Celante shows us where we are headed.