Day of Reckoning

[bitterwind]

The trouble with going on a rant is that you might get what you wish for

Comments

[lynedd]

I expect there'll be some reshuffling of power, and that might be painful for a time. And then some new monetary standard will rise; either the Euro, or the Yen. I'd predict the Euro as being more palatable for America, but the Yen is the prediction for any decent recent science fiction.

Shadows and smoke; the world is less likely to implode now than it was in the dirty 30s. My never-very-cynical, far-from-humble opinion, of course.

[bitterwind]

I'm not even convinced that even if the nightmare implosion scenario comes to pass that American economic power will fade over this - they may well emerge stronger than ever. The trick would be to move quickly to pick up the pieces. There are going to be a lot of opportunities to build new businesses.

[lynedd]

Japan and China are already negotiating to find a new monetary standard. Considering how much of America's banking is already owned outright by China, I think it's quite likely we're closer to an Asian world market than we'd think.

All I can say, is thank God most of my retirement investments are not in US interests. I just wish I could diversify into the Asian market a bit more, but I'd have to do it independantly, and I don't have enough saving for that. Yet.

[bitterwind]

I like to keep my investments within the reach of my vote :)

I've taken a big hit to my savings since this whole round of troubles began, but on the positive side, my master spreadsheet now confirms that I made the correct choice in attacking the mortgage first.