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Reply #16: Sorry :( [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
Idealism Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-15-08 12:39 AM
Response to Reply #15
16. Sorry :(
It is in my estimation that I am simply being realistic about a probable future. If you plan for the worst, so to speak.

I don't think we are all screwed, it just won't be the pain-free living many Americans are used to.
When you look at global economies, all of them practically are in the trash, some for differant reasons. Our biggest nemesis, Russia, won't be able to accomplish much for years down the line due to the recent tank in the commodities market (Oil accounts for 80% of the economy in Russia), same with Venezuela. China will be hindered by the fall in consumer spending, and it may precipitate violence in the region. Some experts say China must grow at a 10-15% rate per year to sustain its insatiable appetite for expansion, and to keep civil disobedience to a minimum. Without that, the 1 billion plus could get antsy, to say the least. Each passing day the Middle-East's influence over America lessens just a bit, and with no resources outside of oil really, the future prospects don't look so good. So, to review, yes it will hurt, yes it may be long and ugly for awhile in the US, but globally we will be fine because everyone is in the same boat.
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