Wow, I haven't posted in a long time. I guess I'm not much of a "blogger." I do, however, like to observe the world and try to tie everything together. So I've had plenty of time to gather information over the past month and with that I would like to make some predictions. Let me know what you think.
High commodity prices will lead tax payers to question our government's policies and lawmakers will demand retribution in the form of taxing corporations that actually make money. They will get re-elected because they "care." Prices will not go down, employer won't pay people more because their taxes will be too high.
In the meantime we will be fighting Iran, not because we are afraid of them militarily, but because all Ahmadinejad has to do is open his mouth and the price of oil goes up. The war will be expensive, so it's a good thing taxes went up on companies that actually produce results.
So in turn with oil prices the price of everything will go up. Inflation will be steadily increasing and the fed will continue to raise interest rates. It will be a great time to buy foreclosed property. Gold and commodities will be the only way to keep up with inflation. Gold will hit $2000 an oz, not because it is valuable, but because the dollar is worthless. The economy will collapse under the weight of war and tax burdens, but military recruiting will not be a problem because people will need to find work somewhere.
While the rest of the world is busy with Iran, China will make deals around the world to buy up resources before their dollars become worthless, driving the dollar down further. Within 50 years they will have the most powerful country in the world and will beginning showing their force by destroying anything that is anti-communist like democracy.
I hope you all like fried rice.