It's the politicians thinking only of themselves. Their only concern is to get re-elected. If they can kick the ball down the road a few more years, someone else can deal with the fallout.
Well...that ball is out of road. I believe we have temporary rough times that are already happening. According to an economist I trust...we'll bottom out around 2012 to 2017 or so and then pull out of it. The most important thing is demographics and we're pretty ok on that end of things. Europe is screwed big time demographically.
In my opinion...worst case scenario is we end up like the U.K. after their empire fell. Life will still be pretty OK...we just won't be the wealthiest nation on earth by 2050 or so if emerging nations play their cards right.
Keep in mind that things almost ALWAYS work out somewhere in between the best and worst case scenarios. With the dollars status as world reserve currency, it'll be near IMPOSSIBLE for us to have a currency collapse anything like the Weimar Republic or Argentina. I do think we're already seeing inflation (although it's being hidden) but hyperinflation is a currency event...not an inflationary event. I don't think we'll see hyperinflation.
This is my opinion for today. I always reserve the right to change my mind whenever I damn well please. LOL (This has been my opinion for awhile now).
News 
Market Data 
Discover 
