Thursday, September 10, 2009

Oracle

Message to myself: I observed the market, the news and the documentary on the ascent of money and decided to refine my hypothesis. Base on my observation both of history and as of today, I am reaffirming that the world is shifting unfavorably for the US. So what is the basis of my opinion? Well for one, a welfare state or likeness of it, is forming in many places. This fear of risk and the reaction for government involvement will move toward that type of welfare. Involvement by the government will be accepted because it plays on people's fear. We see this taking shape in many areas including finance, technology, medicine, to name a few. Inflation and slow growth will come. This will happen after we exhausted cutting expenses from the income statement and use up all creative accounting tools. It is not good or bad, but more so an economic shift. That definition of shift, to make it simple, will evolve into how the world would be a lot smaller place for everyone. I believe the elite (I don't have a word to describe it yet) or better yet those who will benefit from this shift will have to be the one who is willing to be mobile. I believe in the future we should not be surprised if most of the wealthy American citizens are not located in the US. Instead they bridge their life between US, Asia, Europe and South America. What is interesting about this is that assets are spread all over the place, and a financial management of this will create a necessity and an industry that manage the assets of these people. Neighbors and friends are not by one town or by one state but by countries. Again, this is only for those of the privilege and elite. Some will have the ability to take advantage of this, some will choose not to do so, and some will be left behind. Social issue will become more urgent things to deal with in the US. But that analysis will take a whole new blog to describe. But what we learn about the global world while we were in school, is happening right now and it's taking place by operating outside of your world (US). So how will I balance the drop in the US $, the decrease in salary, increase gap between the rich and poor, and the issue of green environment? Those circumstance will be something I have to confront sooner than later. I think it is interesting to live through history and to me it define how we live life that is given to us. Part of the gift that life has to offer involve navigation. I believe at the end of this journey, before you see that white light, will be a quick film of how you navigated through this shift and the people who you share this shift with.

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