Re: I'm seriously spooked and switching to preparations
Oil is not the only problem. There also are:
1. Close to $500 trillion in derivatives that many call a "ticking time bomb" waiting to implode.
2. Economic competition with China, India, etc., which wasn't there in the past.
3. Shortages of other commodities.
4. The residential housing and commercial real estate meltdown.
5. The trade deficit and loss of manufacturing base.
6. National debt.
7. International tensions over commodity shortages.
8. Threat of losing reserve-currency status.
Others perhaps could expand (or contract) this list . . . .
It's oil and all this other stuff coming together that could cause a MAJORLY unpleasant situation in the US :eek:
Originally posted by gobears
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1. Close to $500 trillion in derivatives that many call a "ticking time bomb" waiting to implode.
2. Economic competition with China, India, etc., which wasn't there in the past.
3. Shortages of other commodities.
4. The residential housing and commercial real estate meltdown.
5. The trade deficit and loss of manufacturing base.
6. National debt.
7. International tensions over commodity shortages.
8. Threat of losing reserve-currency status.
Others perhaps could expand (or contract) this list . . . .
It's oil and all this other stuff coming together that could cause a MAJORLY unpleasant situation in the US :eek:
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