Tuesday Jun 23, 2009

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* The dollar will weaken
* The overall financial situation in the US will change fundamentally
* Americans cant live on other peoples savings forever
* US households will have less access to credit in the future
* There will be more real economy in the US and less finance-based economic growth
* The world needs a new global monetary system
* The US remains a safe haven for capital because it is still the most politically predictable
VIEW 4 of 4 COMMENTS
fearthereaper:
I don't follow football, but they will be 8-8.

Obama is not the saviour. What's the opposite of "Saviour?"
jozsef:
The savings comment is not entirely clear to me but we have raised generations of citizens who believe that an ample supply of skilled people, raw materials and tools and infrastructure are all irrelevant when a scarce non-renewable commodity called money is unavailable to mobilize these. The unchallenged implication is that only the miracle of money has made it possible for people to do things for their own benefit, and were aliens to swoop down and take all of our money, the human race would have to starve and freeze. To focus mostly on money when discussing any human activity is to play into a distraction technique employed to good effect by all stage magicians. Our ignorance makes us complicit in our own enslavement.

BTW, it's Spendiour. wink

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