Friday, December 12, 2008

America's Future Financial Troubles to Year 2030

Dear Friends,

You don't want to miss this video clip from MSNBC.Com. There is a great discussion on America's financial troubles ahead, the Strategic Big Picture, if you will, that needs to be taken into account.

The issues here will affect American lives, and possibly the lives of people around the world. America has a US$50 + trillion financial hole, and the US Government has no plan to solve the country's financial problem. Worst, it is spending even more today, despite the problems looming over their heads tomorrow.

We have had about 20 years of Long Term Economic Boom. With these issues, will there be a Long Term Economic Bust for the next 20 years?

Ridiculous as it may sound, please note that the discussion is with David Walker, the Former Comptroller General of US, and not some guy looking for some personal publicity.

Best wishes,

Ooi

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