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> I could say that I saw this coming; the problem is that I’ve been seeing it coming for several years, and it keeps not arriving (and I don’t know if this is r
by RyanMcGreal 17y ago
> I could say that I saw this coming; the problem is that I’ve been seeing it coming for several years, and it keeps not arriving (and I don’t know if this is really it, even now.)
This is me as well (not that I would compare my predictive prowess to that of a Nobel prize-winning economist). I started predicting the 2008 recession in 2004 (I was right about the reasons, but obviously waaaay off on my timelines). Naturally, it wasn't until I gave up on trying to predict a time for the recession to hit that it finally hit.
Likewise, I've been predicting a permanent drop in the dollar's value since around 2005, when I started paying attention to the quiet movement to diversify oil transactions away from the petrodollar system.
I'm at the point now where I'm reduced to the unhelpful punt: it will happen if and when it happens. So of course the point at which I give up trying to predict when petrodollar hegemony fails would make a fine time for it actually to happen.