From: black.hole.4.spam{at}gmail.com (Don Hills)

In article , George Sherwood
 wrote:
>
>For an "I told you so" moment, you are going to have to be a
little more
>specific then "It's only your services sector that's keeping
>you afloat for the moment,", so what is your prediction?  Otherwise you
>can just wait for low growth and say, "I told you so".  If this was
>enough just take a look at most of Europe for the last 10 years or so.
>I expect upturns and downturns in any economy.  I just don't believe in
>the collapse of the US economy as you guys are predicting.  So how bit a
>little bit of "I told you", with your "so"? 

For the worst case, read "Down To A Sunless Sea" by David Graham
(pen name of Robert Hale, a British author). It's a post-apocalyptic novel,
and it is set in a world where the USA ran out of (money to buy) oil.
Incidentally it has a happy ending, mandated by the US publishers, in the
US version but not in the original.

I don't think the situation will get quite that bad, but the US will never
recover to the levels of the 80's. It's simple arithmetic - the US is
exporting dollars and importing goods, and has no way to reverse the flow.
Dollars are only worth something if the holder can redeem them for
something they consider worth having.

--
Don Hills    (dmhills at attglobaldotnet)     Wellington, New Zealand
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