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<p>[QUOTE=&quot;chascat15, post: 1261831, member: 33034&quot;]I am almost through this book.&nbsp; The points raised are entirely plausible with regard to the expectation that foreign investment in this country WILL recede in the not too distant future (within 2-4 years).&nbsp; The thesis behind this point is valid.&nbsp; Foreign investment will find other ways to make money.&nbsp; They already are doing so.&nbsp; When foreign investment starts to erode; the Treasury bubble WILL burst &amp; rates WILL push higher.&nbsp; The falling dollar (60% vs. Euro since 2000) is another example that WILL continue.&nbsp; Our financial system is being dominated by existing monies in financial firms trading amongst themselves.&nbsp; The points raised about discretionary spending are also valid.&nbsp; The consumer is running out of gas with speed.&nbsp; This is deflationary to our economy which is WORSE then inflation.&nbsp; The result will inevitably be &quot;Stagflaton&quot; which is a very painful term.&nbsp; We are experiencing it now (middle to upper middle class included).&nbsp;&nbsp; This economic model is re-calibrating to the new normal.&nbsp; That being more savings, less debt, less discretionary spending and overall a lower standard of living.&nbsp; It is happening now.&nbsp; It will continue regardless of any stimulus Washington can come up with.&nbsp; </p><p>I have not purchased gold.&nbsp; Sorry I did not 5 years ago.&nbsp; Still am hesitant as I do not see gold as a real currency (due to my own ignorance I guess) or as a solution to the re-calibration of our economy within the world economy.&nbsp; </p><p><br /></p><p>Our troubles are deep within the fabric as we have been &quot;conditioned&quot; towards entltlement.&nbsp; That includes me.&nbsp; Not my parents or their parents.&nbsp; Gov&#039;t candidates know this well &amp; gear their campaigns towards entitlement as it&#039;s not painful &amp; gets votes.&nbsp; Our government has clearly lost it&#039;s moral compass.&nbsp; Perhaps we have as well.&nbsp; That said - We are (overall) a pretty industrious people and CAN grow out of our troubles I believe.&nbsp; The best way (in my opinion) is to start with energy exploration &amp; development right here.&nbsp; Just look at North Dakota.&nbsp; Incentives for real energy reforms (trucking on liquified Nat gas) is the best place for us to re-industrialize.&nbsp; We have the resources, technology &amp; people to do it and to do it cleanly.&nbsp; What is holding us back?&nbsp; Our gov&#039;t caving in to environmental groups.&nbsp; I have bad news for envirnomentalists - Massive unemployment &amp; crime also hurts the environment.&nbsp; So does scarcity &amp; war.</p><p>Are we truely going to be the great people that our grandparents were?&nbsp; Who sacrificed themselves for the generations to come? So far - we clearly are not.</p><p>Come on gov&#039;t candidates - get smart &amp; tell us what we need to hear &amp; what we will do not what we want to hear &amp; what we should do.&nbsp; The hour&#039;s are getting shorter.[/QUOTE]</p><p><br /></p>

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