I see an economic diasater coming...

[triffid]

Lee,everything on this thread is important.I got busy with other things.I finished cleaning up my house(two years in the process).Now putting together a small chemistry lab upstairs.I wanted to wait a little while to see how the us economy is going.We are better off than europe by far but only as long as we print our own money.If we switch over to the Amero as some suggest I have my doubts.
Im now reading a book called "the long boom" by peter schwartz,peter leyden,and joel hyatt.CC1999.They promote a vision of a coming age of prosperity for the USA and the world.They predict a coming boom better than what happened after WW!!.Remember that europe was bombed out and the USA was almost untouched.The rate of change in the world economy is hard to keep up with for us mere mortals.Since 1980 there has been an awfull lot of change.Personal computers have changed our world so many times over.Much of the change happens with us not noticing.
will creep along I think.

[triffid]

I have also put together at my home here in st.louis a library of close to two thousand books.I still have to sort them out.As Im retired so I have time to do the job.I have hopes to understanding the world economy and the USA economy to a deeper level than ever before.Half the world today lives in grinding poverty.Being poor in america IS NOT the same as being poor in Africa or Mexico.
Sure a lot of jobs that were American went overseas but these are making other areas of the world richer.America still has a lot of wealth and there are jobs that can never be outsourced like plumbing.

[triffid]

Lee I wish you the best of luck at your new job.The US economy is still the largest in the world today.

[triffid]

Egypt does appear to be tearing itself apart.I hope soon that things there will settle down a bit.

[ecKen]

Hey Guys!
I'm new here but have been trolling around in the OU threads for a while...under the radar. New member. 2nd post.

Since this topic is one I'm passionate about, I would like to pose a scenario to see what you think. WHAT IF... There was a push to redefine money on a global basis?

The Fed in the US (my home) would be glad to rid themselves of the QE debit on their part. The EU would love the opportunity to breathe again, and China would most likely love the control they would have as probably the financiers (with the fed in control of course). Losers- most likely owners of property and those in the world that actually have some assets and / or ability to produce them.

Your productive thoughts please.