The Motley Fool Discussion Boards
Retirement Discussions / Retire Early Liberal Edition
|Subject: Re: World could be plunged into crisis in 2014||Date: 11/11/2012 10:38 PM|
|Author: telegraph||Number: 46205 of 95320|
LIkely Obama will crash the economy next year with his binge borrowing.
The Chinese will stop leanding us money and the dollar will crash...
that will crash the world economy, the price of oil will drop to $50/bbl and all the middle east countries and Venezuela will be insolvent in 18 months as they depend upon $100/bbl oil to sustain them.
Then the wars break out.....
and the US winds up in the middle of it since Europe still needs the middle esat oil...
then the price of oil hits $500 as the middle east destroys itself..and no oil can leave it.....
And what was a bad situation gets worse.
Not hard to predict. You can't borrow more money and owe more money that the total GDP of the world, but Obama will get there by 2016......if the US survives till then....
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|