Discussion of Housing Bubble, US Dollar, Debt, Trade Deficit, Oil, Gold, Consumer Spending, Central Banks, Inflation, Outsourcing and the Bleak Future of the US economy
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David Murrin on CNBC Europe discusses the probable rapid decline of the American Empire as we know it and the rise of Eastern powers filling the vaccuum.
posted by Randy @ 7:27 AM
6 comments
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****HOME--MAIN BLOG PAGE**** I’m 44yrs old, retired from the USAF & manage a Telecomm organization. I have been writing about our bubble economy since 2005 & many of today’s economic events were actually anticipated and forewarned of. You should know that the U.S. Housing Bubble was only the latest symptom of much larger fundamental economic imbalances that have been building for decades - due to poor monetary and policymaking decisions. With that, I personally feel a major economic transformation is taking place right before our eyes & the prosperous “good life” that we’ve enjoyed in the US is ending. I have unrelated Telecom Eng. & Eng. Mgnt. Degrees, but have spent many thousands of hrs studying economic issues – providing me with a strong understanding of “the big picture” *****Disclaimer***** These articles reflect the opinion of this author and are by no means a guarantee of future economic conditions. Additionally, these articles are provided for INFORMATIONAL PURPOSES ONLY and are NOT MEANT to provide investment advice to anyone. For investment advice, please consult with your professional financial planner
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6 Comments:
Wow, does she realize we will have to hitch a ride to space very soon and the current Goverment does not care what the American people want.
If you didn't watch Zach Karabell's interview on BookTV this weekend, because you were busing hoping the Tea Party would solve things, I highly suggest find it.
http://www.booktv.org/Program/11286/Superfusion+How+China+and+America+Became+One+Economy+and+Why+the+Worlds+Prosperity+Depends+on+It.aspx
I'm looking, but it may be too soon for it to appear on You-Tube, etc. What I like about Zach is that he doesn't take a politicized side. He just says, China and the US are an arranged marriage that neither likes, but neither can end.
Yeah, I used "busing" vice "busy". I type very fast. I did find an excerpt of the interview, here...
http://markschinablog.blogspot.com/2009/10/superfusion-by-zachary-karabell.html
Hope everyone is well.
Yes, the West is ""Toast"" but don't forget China is ""bubble"" as well.
Read this article and watch the video mentioned below. It's a long video in duration but it's worth every minute.
Weblink
Oops, wrong link. This is the right one. Weblink
Mike ""Mish"" Shedlock has made a convincing case why China is not what it's cracked up to be. He posted a number of links in the last six months which, put together, show China has a credit bubble as well.
If you saw those Floridian strawberry farmers destroying their crop, and noted Mosaic's poor quarterly performance, you know that corn and soybean bumper crops are soon to follow. Guess the inflationary EOTW scenario just isn't playing out as expected. Plenty of food, so much so that it doesn't pay to harvest much of it, or fertilize for more yield, when oil prices are this high. I predict oil starts to top out here.
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