posted on Oct, 24 2012 @ 11:26 PM
5 - 10 year vision.
The US is currently in a full blown depression - real unemployment is 25-40%.
China controls the throttle on the world economy today.
The USD is toast as the world currency.
We are in the early stages of a grand commodity super-cycle. We will in short order be recruiting Yanks to Canada because of a labour shortage up here
to feed China and the emerging markets need for commodities.
All previous free world economies will experience a dramatic decrease in net worth as we unwind our debt.
Our purchasing power, here, and therefore our quality of life will decline significantly owing to inflation with the basics of life, but no earnings
power - already in progress.
Deflation for us in many other areas - especially real estate - no rebound there.
Canada`s real estate market is going to come off quite a bit, surprisingly so in some areas. No slaughterhouse like the US, but some areas are in for
a downside surprise. (If you buy Canadian bank stocks today you are out of your #ing mind)
Most European countries will fail. Britain, France and Germany will emerge.
The US will not survive in it's current form.
Canada will come under the influence of China and Russia. The US will split off between us, Europe and Asia-Russia.
Leo`s 2 bits.