The Future

In ten years I hope to have a job I enjoy doing that pays pretty well. I'm not exactly sure what kind of job that is going to be yet. I hope I can live in a warmer state like California, or Arizona because I'm not a big fan of the sub 45 degree weather mid October through mid April.

In ten years I see society being a whole lot different. I think that we'll see the economies in southeast Asia boom and we'll see them consume more, after decades of producing cheap products for the United States and Europe, meaning there won't be as much for us to consume. Right now our economy is 75% consumption based, the Asians borrow us money to finance our wars, bailouts, and the cheap labor, and cheap products they give to us. Right now we're holding they're economy down, and it looks like they're starting to realize this. China recently refused to invest in $1 trillion of US Treasury Bonds, because they're starting to see the United States as a bad investment because of how reckless our consumption and spending is. So the Federal Reserve picks up the slack. If China won't loan us money aka invest in our Treasury Bonds, the Federal Reserve will. The Federal Reserve recently printed $1 trillion which it invested in itself (Treasury Bonds) which is will disperse among the banks. Couple this with the countless other times they've handed out hundreds of billions of dollars they've given to banks. Meaning there are trillions of extra dollars in the market that came from the printing press, as the market reacts to these trillions of extra dollars, you'll see higher prices for everyday items like food, and clothing. Remember each additional dollar printed diminishes those already in circulation. Something can't effortlessly created from nothing.

As we keep up our current reckless financial policy, and as we see Asians lose confidence in our economy and economic policies. We'll see them stop lending us money and stop exporting products to us. So there will be a shortage on products we rely on the Asians providing for us. I think the current economic structure our country currently has must collapse, and we have to build up an economy that saves more than it spends so we can create legitimate credit, and produces instead of consumes, so we have a surplus we can save. I think in 10 to 15 years we'll see the United States building up a legitimate economy. I don't think we'll be the superpower of the world in 10 years, if we're lucky we'll be like France or Germany.