As a spiritual-futurist, I have a BA degree majoring in history. One cannot know the future without knowing the past which holds clues to what is on the horizon. The world is in such a rapid expansion of knowledge that we are close to entering a tipping point that will forever change earth as we know it.
America has lived a life of luxury at the expense of the rest of the world and we're soon going to discover that we are in the same boat. In other words we've been shooting ourselves in the foot with irrational spending, deficit spending, and yet we still think we can bail out newspapers, the US Post Office, and provide healthcare to 45 million uninsured!
When are we going to WAKE UP and get REAL?
The party is over and China and other nations are about to take away the last bottle of liquor and kick us out the door. We'll soon be looking at 5-10 inflation and eventually 10-25% or more. Can you imagine what the interest rates will be then? Hello, is anyone awake?
Certainly no one that is a Democrat in Congress is awake! And, I am NOT a Republican saying such as they are little different, or at least Bush wasn't.
The US is dependent on Japan and China buying up the country's debt and if they decide to no longer play the game, the game is OVER! Julian Robertson put it this way, "If the Chinese and Japanese stop buying our bonds, we could easily see inflation go to 20 percent. It's not a question of the economy. It's a question of who will lend us the money if they don't. Imagine us getting ourselves in a situation where we're totally dependent on those two countries. It's crazy.”
But, we're there! Hello!
Fundamentalists like to talk about the rapture and Armageddon. Well, Robertson had something to say about that as well, "It's almost Armageddon if the Japanese and Chinese don't buy our debt,” Robertson said in an interview. "I don't know where we could get the money. I think we've let ourselves get in a terrible situation and I think we ought to try and get out of it."
The party is over Congress! Sorry Obama, but you came too late to the party to be offering free beer to the party-goers. Can you say healthcare as well as all the other BAILOUTS?.
- Related Videos
- Related Articles
- Ask / Related Q&A
The Indian TEDDY !
By: Rahul Rane | 19/12/2009Last Month TED had their India Conference at the Infosys Campus at Mysore. As the videos are being published one by one, analyzing the highlights of the conference may give us some idea as to where we are going
DEMOCRACY IN DANGER
By: Michael Mifsud | 18/12/2009Are politicians with their increasingly party motivated ecisions gradually destroying the very thin fabric of democracy ? The signs are there, but societies natural forces, the business urge, the sense of committment, the love of freedom, the choice of way of life, all are being chanelled into a hugely complicated and senseless social regimentation that undermines the very quality of life. Things are not quite what people think where it matters most - in the realms of Government....
Rat Race After Market Crysis
By: Kundan Ghanekar | 18/12/2009Rat race is going more tough now a days and you can't stop yourself from it.It is not rat race who is killing you but it is the money who is doing this silly things for you.
The Cost Effectiveness Of Enhanced External Counterpulsation (EECP®) Therapy
By: Paul Persaud | 17/12/2009Statistics on heart failure and its burden on the U.S. healthcare system. EECP® Therapy offers an opportunity to reduce emergency room visits and hospitilizations in heart failure patients. EECP® Therapy is covered by Medicare and most third party insurance providers.
Record Red Ink
By: Ernie Fitzpatrick | 17/12/2009Just how long do we think we can continue printing money until the house of cards and our fiat money totally collapses?
Improving household financial conditions will be vital to initiating and sustaining an economic recovery
By: Mark Boud | 16/12/2009Evidence is beginning to develop that, despite the seriousness of the recession; household balance sheets can be stabilized, particularly as the employment picture improves in coming years. Improving household financial conditions will be vital to initiating and sustaining an economic recovery and stabilizing consumer spending, particularly on housing.
A Pan-Arab Currency : Gulfo?
By: Ernie Fitzpatrick | 16/12/2009So, here comes another voice in the financial wilderness crying out that the printing of US$s is too much of a scam on the rest of the world
India is self dependent in production of rice
By: Parkash Trading | 15/12/2009Rice is grown in many regions across India. For about 65% of the people living in India, rice is a staple food for them. Rice is essential to life in India. It is a part of nearly every meal, and it is grown on a majority of the rural farms.
The Coming Food Crises
By: Ernie Fitzpatrick | 21/12/2009 | NatureSo what's up with all the recent record cold snaps? Two foot of snow in New York? Snow in Houston in early December too?
Knowing The ONE
By: Ernie Fitzpatrick | 21/12/2009 | MysticismJust how well do we know those who are around us? How well do we know ourselves? Deeper still, how well do we know the creator of the universe and us?
Cosmic Coincidences?
By: Ernie Fitzpatrick | 19/12/2009 | WeatherThere seems to be a "piling-on" happening out there in the atmosphere and here under the terra firma. What's going on?
Project Blue Beam
By: Ernie Fitzpatrick | 18/12/2009 | NatureWhat's going on with all of the recent UFO sighting, especially in and around Russia? Is the Copenhagen Summit attracting them? :-)
Soul & Society Co-Evolve!
By: Ernie Fitzpatrick | 17/12/2009 | ReligionMoving ahead and growing isn't as easy as it may seem because we're not along in where we are going.
Record Red Ink
By: Ernie Fitzpatrick | 17/12/2009 | EconomicsJust how long do we think we can continue printing money until the house of cards and our fiat money totally collapses?
Rational Spirituality
By: Ernie Fitzpatrick | 17/12/2009 | ReligionWe don't have to get flaky when we 'get religion' and neither do we have to turn off our brains and reasoning.
Indigenous Intuitiveness
By: Ernie Fitzpatrick | 16/12/2009 | MysticismWestern intellectualism is great- as far as it goes. However, if we want to dig a little deeper in the rabbit hole, we might spend some time with some of our indigenous natives.