The more likely scenario is that the US maintains its position as the worlds strongest economy and military power, by any means necessary. While conditions continue to deteriorate globally and domestically to the benefit of the super wealthy. That is, unless a way is found to break the grip of the devil on the throat of the world. With $50T plus or minus in unfunded federal entitlements, the writing is on the wall. When that collapse occurs is difficult to predict, but the most rational analysis is 10 yrs from now, when the tsunami of boomers begin to leave the workforce. Ten years, if you still like your job, but I don't know where you go after Toll Bros and public sector grand poobah. You've ridden the wave, better repatriate to Canada or somewhere else without the debt of the world on their shoulders.
Wednesday, October 27, 2010
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