Bank Holiday in our future?

[blahblahblah]

i) enrich insiders beyond their wildest dreams, insuring their dominance for a generation to come.

Hmmmm, which insurance company is going to “insure their dominance?” The proper word in this context is ensure.

Sorry but that’s a pet peeve of mine.

Back to the point of the post, we are really in uncharted territory. We might have an Argentina-style scenario here, but of course Argentina isn’t exactly a world power. The USA is a different animal. We have the world’s most powerful military and are basically untouchable due to our geography (oceans on either side, friendly/controlled neighbors to the north and south) and our nuclear deterrent. This is one porcupine that no one will mess with.

Maybe a Japan-style lost decade of deflation? Well, Japan is a nation of hard-working savers with a very conservative central bank and government. The USA is a nation of spendthrifts with a very liberal central bank and government, at least as far as spending goes. Also, Japan has an aging stable population while the USA has a growing young population thanks to our liberal immigration policy.

My bet is for a Katy-bar-the-door stagflation. Owe the world a bunch of money? No problem, just make the money worth a lot less. Of course we will have a stagnant economy at the same time since our economy is dependent upon credit and consumer spending.

Of course I could be wrong…

[Arraya]

We are living in dangerously weird times now. Smart people just shrug and admit they’re dazed and confused. The only ones left with any confidence at all are the New Dumb. It is the beginning of the end of our world as we knew it. Doom is the operative ethic

-Hunter S Thomson

[Arraya]

We are living in dangerously weird times now. Smart people just shrug and admit they’re dazed and confused. The only ones left with any confidence at all are the New Dumb. It is the beginning of the end of our world as we knew it. Doom is the operative ethic

-Hunter S Thomson

[Arraya]

We are living in dangerously weird times now. Smart people just shrug and admit they’re dazed and confused. The only ones left with any confidence at all are the New Dumb. It is the beginning of the end of our world as we knew it. Doom is the operative ethic

-Hunter S Thomson

[Arraya]

We are living in dangerously weird times now. Smart people just shrug and admit they’re dazed and confused. The only ones left with any confidence at all are the New Dumb. It is the beginning of the end of our world as we knew it. Doom is the operative ethic

-Hunter S Thomson

[Arraya]

We are living in dangerously weird times now. Smart people just shrug and admit they’re dazed and confused. The only ones left with any confidence at all are the New Dumb. It is the beginning of the end of our world as we knew it. Doom is the operative ethic

-Hunter S Thomson

[jpinpb]

[quote=Arraya]We are living in dangerously weird times now. Smart people just shrug and admit they’re dazed and confused. The only ones left with any confidence at all are the New Dumb. It is the beginning of the end of our world as we knew it. Doom is the operative ethic

-Hunter S Thomson[/quote]
LOL. Great quote.

[jpinpb]

[quote=Arraya]We are living in dangerously weird times now. Smart people just shrug and admit they’re dazed and confused. The only ones left with any confidence at all are the New Dumb. It is the beginning of the end of our world as we knew it. Doom is the operative ethic

-Hunter S Thomson[/quote]
LOL. Great quote.

[jpinpb]

[quote=Arraya]We are living in dangerously weird times now. Smart people just shrug and admit they’re dazed and confused. The only ones left with any confidence at all are the New Dumb. It is the beginning of the end of our world as we knew it. Doom is the operative ethic

-Hunter S Thomson[/quote]
LOL. Great quote.

[jpinpb]

[quote=Arraya]We are living in dangerously weird times now. Smart people just shrug and admit they’re dazed and confused. The only ones left with any confidence at all are the New Dumb. It is the beginning of the end of our world as we knew it. Doom is the operative ethic

-Hunter S Thomson[/quote]
LOL. Great quote.

[jpinpb]

[quote=Arraya]We are living in dangerously weird times now. Smart people just shrug and admit they’re dazed and confused. The only ones left with any confidence at all are the New Dumb. It is the beginning of the end of our world as we knew it. Doom is the operative ethic

-Hunter S Thomson[/quote]
LOL. Great quote.

[bsrsharma]

It is the beginning of the end of our world

Nothing like that; we have seen this all before, it is called the Seventies. Later part of Nixon, then Ford & Carter administrations. Similar things will happen – a decade or more of stagflation. However, I don’t see how the Seventies will turn into the Eighties (even if there is a new Reagan) since we will be hit hard with the retirement of boomers for the next two decades. My prediction: Two Lost Decades.

[bsrsharma]

It is the beginning of the end of our world

Nothing like that; we have seen this all before, it is called the Seventies. Later part of Nixon, then Ford & Carter administrations. Similar things will happen – a decade or more of stagflation. However, I don’t see how the Seventies will turn into the Eighties (even if there is a new Reagan) since we will be hit hard with the retirement of boomers for the next two decades. My prediction: Two Lost Decades.

[bsrsharma]

It is the beginning of the end of our world

Nothing like that; we have seen this all before, it is called the Seventies. Later part of Nixon, then Ford & Carter administrations. Similar things will happen – a decade or more of stagflation. However, I don’t see how the Seventies will turn into the Eighties (even if there is a new Reagan) since we will be hit hard with the retirement of boomers for the next two decades. My prediction: Two Lost Decades.

[bsrsharma]

It is the beginning of the end of our world

Nothing like that; we have seen this all before, it is called the Seventies. Later part of Nixon, then Ford & Carter administrations. Similar things will happen – a decade or more of stagflation. However, I don’t see how the Seventies will turn into the Eighties (even if there is a new Reagan) since we will be hit hard with the retirement of boomers for the next two decades. My prediction: Two Lost Decades.

[Author]

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