When The Numbers Just Don't Add Up.....The Davinci Institute's Outlook On Future Trends - Douglas Castle's Insight and Commentary
Dear Fellow Friends and Futurists:
The following information has been excerpted from the Davinci Institute's Future Trend Report.
While I do not agree with all of the contents or views expressed in the Report, I believe that The Davinci Institute is one of a number of very interesting and thought-provoking sources of information which is worthy of your consideration. This particular report is quite interesting -- what it does not say, but prognosticates implicitly, is that a tremendous shortfall of US tax receipts combined with a growing level of government expenditures to stimulate (and subsidize) the US economy spells an abysmal fiscal deficit which can only lead to: 1) a bubble of hyperinflation just waiting to burst; 2) a devaluation in the US Dollar and a downgrading of US sovereign debt.
There are indeed times when I wish that I hadn't majored in Economics while I was an undergraduate -- now is one of them. I am always troubled when the numbers just "don't add up."
In my humble opinion, the recently-proclaimed economic "recovery" in the United States is merely the calm in the eye of the storm. Further, I believe that the cost of this recovery will create a far greater economic calamity for the United States (and to a lesser extent, the rest of the world) than the one which we have recovered from. Sometimes a potentially fatal health condition goes into remission -- but just as often, if comes back with a wrath and a vengeance that more than adequately make up for the brief respite from the pain and suffering.
Faithfully,
Douglas Castle
_____________________________
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