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A similar topic was posted to HN here: http://news.ycombinator.com/item?id=863435 http://news.ycombinator.com/item?id=863435 In that thread my comments match
by jeromec 17y ago
A similar topic was posted to HN here:
http://news.ycombinator.com/item?id=863435 http://news.ycombinator.com/item?id=863435
In that thread my comments match fairly closely with this author's predictions starting near the bottom of the article section "Are the Dollar’s Days as Reserve Currency Over?" including my comments [..maintaining reliance on oil means gas prices comfortably around $10 (or more) along with the corresponding inflation and further vanishment of any middle class. An unemployment rate of 10% would begin to look normal...The trade-off is less spending power, which means our economy must shift away from being spending based. People will kick and scream when that realization hits but America simply won't continue to dominate the world economy.]