UnThreaded | Threaded | Whole Thread (21) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: qazulight Big gold star, 5000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 465134  
Subject: Re: World Long Term Austerity in Our Future? Date: 4/2/2013 2:07 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 34
The issue is not that America is in decline.

I don't see that as an issue. Typically issues are in doubt. Yes the American century is over.

However, we are seeing the end of the world as we knew it when Reagan told Gorby to tear down a wall.

We were running out of energy, Cray built super computers. 300 dollars would get you digital watch that you had to push a button to turn the LED display on.

There was no cheap long distance, Russians were bad guys who might invade our nation and the Chinese were all wishing they had some of our left over broccoli.

I say adios to that time and don't let the door hit you in rear on the way out. Today we have a low and dropping need for capital. Partially because of demographics and partially because we (the world) are so rich compared to a quarter century ago.

The imbalance of trade from Asia to the west is subsiding, energy production is less centralized and advances in alternate energy and material science is moving along at an amazing clip.

Additionally false ideas about the evils of government, and false ideals about the infallibility of democracy and capitalism have been proved false.

More and more quality human capital is being brought online and not wasted every day. While we see failings in the U.S. School system, the U.S. is small compared to the rest of the world and the rest of the world is bringing human capital on line at an amazing rate.

The U.S. and world has endured baby booms. The U.S. in the 1950's and the rest of the world in the 1970's. These are over and the excess labor in the U.S. is washing out of the system. The rest of the world will follow. But not before it sees a real golden age like our period from 1980 to 1999. (People like to say the policies made that happen, I believe that demographics made the policies not the other way around.)

Remember back in the late 1970's, the end of the age of youth. The "Urban Cowboy" put on film for all to remember by, the excesses of the baby boomers. The excesses where young men would work all day, get paid a fair wage and then spend the night at Gilly's turning wages into urine.

The same sort of thing is happening in the "developing world" first they have their 1960's, flower power, upheavals, demonstrations, then their 1970's, then once all the hormones and excess energy is washed out of the system, wealth creation like crazy.

Austerity? Yes if you hide under a rock and attempt to keep the old world.

Cheers
Qazulight
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (21) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

The Story Behind the Story
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement