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America in the year 2015 By 2015 the US economy will be locked into a nasty form of "stagflation" - a uniquely painful combination of high unemployment and double-digit inflation. The official unemployment rates may reach around 8 or 9 percent though the true rate will be much higher. And I expect inflation to be somewhere between 10 and 15 percent. (Though run-away hyper-inflation is a distinct possibility!)
Oil will sell for approximately $200 per barrel and
gasoline prices will be around six to eight dollars a gallon. Special
government funded gas stations will sell subsidized gas for around
half the free market price but their supplies will be very sparse
and unreliable and their gas will be carefully rationed. Coupons will be required at the government stations
and while the coupons will be readily available, the gas won't.
Air travel will become extremely difficult and unreliable. Workers enraged by years of pay cuts, the reduction or elimination of pensions and dramatically increased health care insurance premiums will cripple our normally reliable air transport system with unending labor strikes. Due to a lack of aviation fuel, an increasing number of commercial plane flights will be cancelled adding to the chaos created by airline labor difficulties. (In 2007 an official FAA bulletin warned of future aviation fuel shortages and put in place a government plan for rationing fuel.) Indeed, air service to many smaller markets
will be eliminated due to it's lack of profitability. Many flights
that are not completely full will be cancelled.
Due to the lack of high paying full benefit jobs, strikes will shut down entire industries. Country wide general strikes will threaten the viability of our entire national economy. Public services will become highly unreliable. During large strikes the U.S. military may be called upon to provide labor to keep critical services operating. Labor leaders may eventually call for nation-wide general strikes which will threaten out entire American way of life.
The US auto industry will be a shadow
of it's former self. GM and Ford may still be in business but
chances are they will only be making parts. Americans will be forced
to exchange their more comfortable U.S. made gas hogs for the much
more fuel efficient smaller Japanese,
Korean and Chinese cars, the smaller the better. A new brand of multi-party radical politics will
replace the old two-party system. As poverty
explodes the old two
party system will become increasingly irrelevant. Numerous smaller
parties will appear and garner considerable support despite their
highly radical policies. Leftist groups will grow in influence and
support as the masses demand expanded government entitlements.
US Marines will invade Canada
to secure it's oil tar sands. They will enforce the terms of
existing contracts which are highly favorable to US firms. This
will be deemed necessary due to the fear that Canada will be tempted
to sell their oil and natural gas
to other nations at much higher prices. The US dollar will be down considerably. As a result gold will be selling for around $1,500-3,000 per ounce. If the Euro is still around, it will command over three US dollars per. Due to new laws and rules that are highly favorable to wealthy individuals, London will replace New York City as the dominant financial capital of the free world. If the U.S. and China should become involved in a military confrontation, the U.S. Navy will be shocked when the Chinese sink dozens of our ships on the very first day of conflict! China now has high-technology torpedoes of an entirely new kind they obtained from the Russians (Super-cavatating torpedoes). These revolutionary torpedoes travel over 200 miles per hour underwater. The U.S. Navy has no way to protect their ships from such a weapon.
The US will become the single most hated country in the world. US government officials will be unable to travel to many place overseas as they will fear arrest for war crimes. (Donald Rumsfeld can no longer travel to Germany due to an official charge of human rights violations - if he lands there he will be imprisoned and tried and his plane confiscated under international law.) American tourists will have to travel very carefully and restrict their wanderings to the few countries where Americans are warmly received.
By 2015 many European nations will have Muslim Prime Ministers. In
the past these countries encouraged Muslims to immigrate into their
countries as
"guest workers" to do dirty jobs natives were unwilling to
do. But now these laborers are climbing the economic ladder and at
the same time reproducing at a fabulous
rate while Europeans have all but stopped having babies. As the Muslim population explodes
and gains wealth, its political power is sure to increase.
In the U.S. the wealthy will live in gated enclaves patrolled by private security forces, surrounded by electric fences and roaming dog patrols. They will ride around in armor plated limos just like the Fortune 500 CEOs. They will stay close to home as they fear having their children kidnapped and held for ransom.
Many of the most wealthy class will take their money and
move to
foreign countries offshore. Sir John Templeton has already moved and
exchanged his US citizenship for a Bahamian one free of taxes and
inheritance restrictions. What is now a trickle will soon become a
flood.
Disclaimer:
We are not in the business of providing financial advice or services
of any kind. Always consult with your personal financial and legal
advisors before attempting to use any of the tactics discussed on
this site or on our publications. Do not break the law. Nothing on
this site is intended to in any way encourage illegal acts either
now or at any time in the future. This information is for
informational and entertainment purposes only. |
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To learn how to get
rich off the coming economic collapse visit:
www.hardtimesgazette.com |
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