The Shrinking Capital Base and Our Very Grim Future.

Especially using history (Phillip II, etc.) to get a glimpse at the future.

Europe as a "backwater"? Perhaps. The combination of a low birth rate, poor banking practices, the rise of Islam, no technological growth, and the rise of "globalism" could all "conspire" to reduce Europe to a 3rd world status in the next 75 years.

As for a China/USA combination, I find this interesting. This combination could be "unbeatable" with China providing the manpower and the USA providing the technological advancement necessary to "lead" the manpower.

Will it happen? This I don't know.

When it happens, we should use the Sail Eared Simpleton's Strategy and not let a crisis GO TO WASTE!

And keeps on f**king up daily,trillions being flushed down the toilet,what a screwed up mess,the inmates have taken over the prison.

The Gray Ghost wonders about that: "Will it happen? This I don't know."

The massive influx of young Hispanic workers and others ensures that the US would have more workers, the majority of the vote and good reasons to dump the old white honkey types.

They could be taxed into oblivion.

The federal debt level was too high under Bush2 to maintain with an orderly tax scheme. The 'rich' do not have enough money to pay this massive interest on the soaring debt so we would need to tax the lower classes with a VAT tax or just default on bonds.

For Georgetwin and Donnie: we are in a crisis with no obvious way to prevent the spending and bailouts. We have to think seriously about doing business in the US now. With high corp taxes, the US is fast becoming the most toxic place on the planet to do business and we can see what O'Bozo is doing with GM and the unions and our tax money. GM is a corpse.

We have to wait for now and brace ourselves for another 600-800,000 unemployed in April. This trend is a leading indicator in downturns and the GDP will fall from [1] lower consumption, [2] lower tax revenues from the unemployed and [3] lower revenue from market loses and low interest rates on CDs and bonds. A lower GDP means our debt/GDP ratio worsens and the ability to pay back loans becomes unbearable.

Printing money has never worked [read about the state financier M. Law in France 1720 or Argentina from 1890 to 1990.

The so-called stimulus money is going into social things and not into capital formation. The Left do not like capitalism so they do not care, but they can get unhorsed very quickly if the promise to save 3 million jobs and they don't.

rycK