my personal belief is that nothing will happen after election. but, within 2 years you’ll see a lot of not only car flipping but proper popular revolt.
the us economy will dive and consumption will fall by a 1/3. and the whole world will suffer. it is inevitable if you understand that america has been living in credit for quite a bit of time. to such an extent that the country owes more that it produces…i stand to be corrected on this stat. whether its obama or mccain, somebody will either have to inflate the currency or stop printing money (which they wont).
the good news is that the USD is the world currency based on the brenton (or whatever its called) act. meaning that everybody takes USD as the common currency. the fact that USA gets to keep their own currency as their debt when inflation expands is good for USA (hardly for anyone else), is only in US’s favour because its cheaper to pay debts.
perhaps i have a crude way of putting my thought, and i admit that i’m not an expert, but i can’t see the current situation having hit the bottom. its a bigger bubble than the dot.com era. we’re fucked mates :flush:
tada…