I've been the guy talking for 2 years about the impending real estate collapse. I had heated debates in grad school with classmates and professors alike, who thought the RE market would keep growing, despite the fact the population in no way was keeping up with the # of homes being built. It was common sense. People here said it was silly.
Today, some of you are upside down on a growing mortgage on a house you dont need and can't afford. But that's besides the point.
All this talk about a crashing dollar, I dont see it. I see a recession soon, but it's normal. A renewed sense of optimism will come with the next candidate (hilary being the odds favorite at the moment). War spending will reduce. relationships with nations will heal. People will come home from war with a renewed sense of life, and start innovating, and the USA will, after a 1-2 year slump, recover. The RE market won't- it's been overvalued, and big corps will snatch up all the propterty people bail on.
But I scan the posts here - and I see all this talk of impending doom - and I don't think that will happen. We have a great deal of relationships and "fingers in the pot" in many places in the world. With the eur missile shield, there ain't jack that russia can do to stop us from anything in the future, hence why they're whining so hard about it.
All these things are cyclical. War, recovery. Repeat. Korea, break. Vietnam, break. S America, break. Middle east, break. Venez... wait, getting ahead of myself!!
it's always like this. We'll always be #1. It just might be by a smaller margin. CNBC says it all the time, folks. When you owe the bank 10,000 bucks, they own you. When you owe the bank 10 million, YOU OWN THEM. China is a threat but they have a very vested interest in our economy not collapsing. We have a few tril they still wanna collect.
N American Union is the backdoor plan to use if shit gets hectic here. it rescues the US economy. It sends a million mexican oil laborers into canada. (Jag, you'll have some new neighbors.) and it keeps us living large as we currently do.