Bad for the US:
1. $800bn trade deficit
2. $9tn federal debt
3. Dollar approaching all-time low
4. Extremely high levels of consumer debt
5. Negative savings rate
6. Inaccurate inflation reporting
7. Less available statistics on money supply (M3)
8. Fiat money supported mostly by us being the world reserve, which is unlikely to remain true for much longer
9. Profligate government spending
10. Tens of trillions in unfunded obligations (SS, medicare, etc)
11. Lack of manufacturing base due to decades of continuous outsourcing and company relocation abroad
12. Elderly population bubble due to baby boomers that will be needing retirement, healthcare, etc
13. Two-party political system that might as well be one party
14. Government that is willing to ignore the constitution on matters as crucial as declaring war
15. A trend of giving up liberty in exchange for security (I think a founding father said something about that...)
16. Political apathy
17. Consumerist culture based on instant gratification
18. People in power who intend to use bad times as an excuse to convince people to give government more control over their lives in order to "fix things"
19. Woefully antiquated education system that promotes financial illiteracy
20. Declining respect and reverence from international allies
How's that for starters?
Now I'm not all doom and gloom... the truth is, a smart investor knows how to profit in both an up market AND a down market.
But I still think you should be aware of what's going on around you. And what's going on, in my opinion, is that there are forces at work in this country that have been at work for decades (possibly as far back as the 1910s) with the objective of stripping this country bare. They have almost completed their project... another 10 years or so (give or take, who can nail these things down with so many conflicting forces at work) and America will no longer be the dominating world power. Another 50 years or so and America will be known as a "poor" country. Mark my words.
1. $800bn trade deficit
2. $9tn federal debt
3. Dollar approaching all-time low
4. Extremely high levels of consumer debt
5. Negative savings rate
6. Inaccurate inflation reporting
7. Less available statistics on money supply (M3)
8. Fiat money supported mostly by us being the world reserve, which is unlikely to remain true for much longer
9. Profligate government spending
10. Tens of trillions in unfunded obligations (SS, medicare, etc)
11. Lack of manufacturing base due to decades of continuous outsourcing and company relocation abroad
12. Elderly population bubble due to baby boomers that will be needing retirement, healthcare, etc
13. Two-party political system that might as well be one party
14. Government that is willing to ignore the constitution on matters as crucial as declaring war
15. A trend of giving up liberty in exchange for security (I think a founding father said something about that...)
16. Political apathy
17. Consumerist culture based on instant gratification
18. People in power who intend to use bad times as an excuse to convince people to give government more control over their lives in order to "fix things"
19. Woefully antiquated education system that promotes financial illiteracy
20. Declining respect and reverence from international allies
How's that for starters?
Now I'm not all doom and gloom... the truth is, a smart investor knows how to profit in both an up market AND a down market.
But I still think you should be aware of what's going on around you. And what's going on, in my opinion, is that there are forces at work in this country that have been at work for decades (possibly as far back as the 1910s) with the objective of stripping this country bare. They have almost completed their project... another 10 years or so (give or take, who can nail these things down with so many conflicting forces at work) and America will no longer be the dominating world power. Another 50 years or so and America will be known as a "poor" country. Mark my words.