Quote:
Originally Posted by Ferre
Anyway you look at it, the dollar is doomed.
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My father spent the best part of an afternoon with one of those think tank economists maybe two years ago (chance meeting). He said then that within the circles that study such things it's pretty well accepted that the US economy is within two decades of running its cycle. I don't have enough knowledge of the subject to accept or reject that. I expect many factors can change that, but economies do fall. Especially when they're as mismanaged as ours has been.
Policy over the next decade should be a defining part of that. If we allow people in that intend to implement socialist policies that have failed all around the world then I expect the cycle will end sooner. If we can find a wise man somewhere it could be prolonged.
I worry for my children, but America has become way, way too complacent and almost stunningly ignorant of history and the worlds condition. When I see Obama on stage shouting out these paper-thin nothings with just enough Marxist overtone to give you a glimpse inside of the man, and these kids (and even more adults than earlier) in the stands screaming his name by the tens of thousands it reminds me of any documentary films of swayed nations that followed then fell.
America may be due a fall. What we would lose would be power and material, but that may be just what is needed to get back the more important things we've already lost.