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To: blam
Underestimate this events at your peril. Similar events played out in Europe in the early 1930′s, and we experienced a decade’s long depression here in the United States, followed by five years of world war...

Thanks for the ping.

14 posted on 11/27/2011 6:08:49 PM PST by GOPJ ( Democrats are the only reason to vote for Republicans.... Will Rogers)
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To: GOPJ
In Harry S. Dent's book The Great Depression Ahead, one of his great concerns was that the 2010's could be a perfect repeat of the 1930's: economic depression, increased political extremism and a real threat of a general world war.

Interestingly enough, I think the USA would be one of the countries that could actually come out ahead. There's one good reason for this: if necessary, we could tap into the gigantic mountain of resources to keep the country going. Economic self-sufficiency, as economic doomsayer Gerald Celente noted, will be the order of the day. It should be noted that the USA can use NAFTA connections with Canada and Mexico to get access to the following strategic products:

Petroleum products

Crude oil (onshore, offshore, oil tar sands and oil shale)
Natural gas (onshore and offshore)

Coal

Mines in USA, Canada and Mexico

Minerals

Almost all the major industrial metals, plus rare earths and actinides (uranium and thorium)

Agricultural products

Almost all the major agricultural crops, including tropical agricultural products grown in southern Mexico

Renewable energy

Wind power from the upper US Midwest and in Alberta province in Canada
Solar power from the US Southwest and most of northern Mexico
Tidal power from off the coasts of Canada, USA and Mexico

In short, under the right political environment, North America could end up being the big winner in the long run.

19 posted on 11/27/2011 6:54:41 PM PST by RayChuang88 (FairTax: America's economic cure)
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