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Reply #46: Gas, guns and water. [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
smoogatz Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 03:11 PM
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46. Gas, guns and water.
All of these industries will thrive in the next 3-10 years. Everything else—i.e., everything that depends on the health of the U.S. "consumer economy"—is likely to tank. You can only go on being a net consumer (as opposed to a net producer) as long as your credit holds up. Bush has run up the national debt like no one else in history: he's also ignored our colossal trade imbalance AND allowed the dollar to collapse. That little troika of economic disasters is a serious time bomb, and it may just have gone off.
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