Wednesday, December 2, 2009

The Cast of Characters

"We are years from a final resolution. The cast of characters who will decide our fate is unknown today. Barack Obama will not be a major player in the climax of this Crisis. He will go down in history as the James Buchanan or Herbert Hoover figure that only insured that the Crisis would grow bigger and more painful through his actions. The country is likely to turn to an aging Boomer to lead the country through the violent phase of this Crisis. The initial phase of this Crisis has passed, much like the stock market crash in 1929 and the appearance of a recovery in 1930. The “solutions” that have been implemented thus far will drive our deficits skyward, drive the dollar downward, and ultimately push the economy into a depression. The confluence of a deepening depression with the onset of peak oil shortages in supplies and soaring prices between 2010 and 2014 will plunge the country into chaos. As the world loses confidence in the leadership of our country, they will exit our debt and our dollar. The collapse of the U.S. currency could result in a number of calamitous scenarios."
James Quinn

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