That is some theory! Worthy of a long winding novel or movie.
**In 2012 an elite insider claimed that on or around March 4, 2014 the doomsday clock would ring, the effect of which would be a complete collapse of the U.S. economy.
--These claims are made on almost a daily basis.
**But given the state of current affairs around the world today, one can’t help but consider that maybe Grady Means was on to something.
--The world and the worlds economy is always in (and should be) a state of constant flux and movement. (a stagnant economy is not a good thing and a "stable" economy is like a unicorn or pegasus)
** With the fight over political and resource control in the Ukraine heating up, is it possible the Means was referring to this very set of circumstances?
--Ukraine is key to the Western world but not sure if the resource control here could crash an economic system.
**Given the horrid economic fundamentals in the U.S., mounting and un-serviceable debt levels, and the fact that China is now moving lock-step with their Russian counterparts, could we be seeing the final stages of a coordinated strike on U.S. economic and financial interests?
--this is interesting not sure if I agree with there being horrid economic fundamentals in the U.S. I would argue that the bursting of the bubbles in the United States I.e. tech, housing, investing. Represents a healthy and fundamentally good economy. The bubbles are generated mostly because of the greed and speed of bad investments but they burst because the economy is as fundamentally sound as it can be (remember a stable economy is truly a mirage) I may need some clarity on the definition of un-serviceable debt?
I don't think China is moving with Russia to bring down the economy of the US I do think China is however looking for more natural resources and new ways of making their dwindling resources stretch further.
This theory makes for a good story but in reality Russia is a nation that currently only brings oil to the economic table China only brings man power. The United states economy brings, oil, man power in numerable natural resources to the table and while the debt is high in the United States the country still employs pone of the highest GDPs in the world and the debt is much lower than almost all other industrialized nations While the US economy is not stable (and really it never will be) I do not think it is on the brink or will be pushed to the brink by Putin
shannalat I sincerely hope your assessment posted above is correct.
I would like nothing more than for you to be correct.
However one needs to pay close attention to the rapidly dropping in the value of our dollar.
Thanks to all for your comments and opinion's.
Contrary to what some of you might think I am enjoying my life to the fullest.
I live one day at a time and I am glad that I indeed am old and in the twilight of my years for I doubt I will live long enough to have to endure the hardship which our children and grandchildren face.
God has truly blessed me already and I am confident that there is a better time ahead but it is not on this Earth.
Because I believe:
THAT IT IS IN DYING THAT WE ARE BORN TO ETERNAL LIFE.
Also I have never been a very successful blue or white collar business man.
I have experienced both blue collar and white collar adventures in this life.
I have experienced both success (moderate) and failure (painful) and have learned from both.
Experience is a painful teacher but it is effective and one can learn sometimes more enduring failure than experiencing success.
Some fools spout untruths over and over until it becomes accepted by dimwits to in fact be true.
Oh these highly educated self proclaimed intellectuals (weak of mind) who think they are so brilliant are sometimes:
BLINDED BY THEIR OWN BRILLIANCE
Some went off to collage with hope and promise but were brainwashed by Liberal Professors and returned home to find that they could not support themselves in the world of free enterprise.
The value of the dollar is important and should be fine as long as Americans never stop moving forward.
The value of the dollar and it's recent fall is more than likely in response to a "shrinking" world.
With advancements in communication, logistic, production and a more accessible world. The United States, Great Britain and Europe, are less bastions of financial control that they once were. Something similar happened to the Dutch when the routes for trade shifted.
But we all belong to the same race: the HUMAN race. And all opinions have WORTH.
A great big Amen.
Yesterday I asked a visitor if he had considered contributing to the Courier blog site as I had on a prior visit asked him to visit the site.
His answer: No those folks who post things there are too busy attacking each other, (then after a pause) he said I'm not going to waste my time even going there anymore.
Back to the basic intent of this particular blog which is the stock market, I posted a piece by Wayne Allen Root this morning that among other things touches on this same subject.
Not to those who are not:
/// "blinded by their own brilliance"///
Go take a walk, down a dark lane.