[lapsus calami]

 

 

Absolutely - economic contraction has been underway for quite a while not just in the US but in the West as a whole, it's been so gradual to be nearly unnoticeable unless you knew where to look or unless somebody did something to overtly accelerate the decline. It's certainly noticeable now, particularly since the Obama Regime took over - they have the accelerator up against the firewall.

 

[familyop]

Agreed, and well said.

[ckilmer]

Yeah, but imho by the end of the decade that will be turned around.

there is too much awesome technological change in the works for that not to happen.

Last year the US upped its oil production by 800,000 barrels. Same will happen this year. It does not look like that rate of increase will slow down for at least a half dozen years with the number of new oil strikes being reported.

Oil independence for the USA will do the same for the USA what it did for Brazil. Oil independence will return the country back to financial health.

Then there’s other technologies like 3d printing and advanced robotics. that on top of the turn away from outsourcing to insourcing—will change US balance of payments to positive by the end of the decade.