You should blog or something.

I agree with most of what David wrote, which, when you break it down is rather wishy-washy. I can find a guy writing stuff like Williams from every year of the last 40 years, and so far they’ve been wrong for 39 of those years. Is it possible for the U.S. dollar to collapse? Yes. Certainily. Did Beck call this? Kinda-sorta, but he has called a lot of worse things that haven’t come to pass. Beck tends to always go with the Church of the Latter Day Saints complete collapse/rice and beans outlook on the future, so, when things go south he’s a genius, when they don’t he doesn’t dwell on his prior predictions. I like Beck, but I ignore the emotion and count the hits and misses. He’s batting about .500.

The hard thing about looking at apocalyptic scenarios regarding the U.S. is the influence we have on the rest of the world. If we were another country, say Belgium, doing what we’re doing an economic apocalypse would almost certainly be unavoidable. But we’re not Belgium. When we lose everyone else loses too. So other countries are likely to do a lot to keep us gonig.

I am very grim about the outlook. We are way beyond any sense of proportion with our fiscal policies. The one, great hope I hold out is growth. I have almost no confidence the current administration will figure this out, but I do hold out hope a new administration can. A huge, private sector boom can fill the government coffers quickly, and make that debt to GDP ratio much, much more reasonable. But beyond that I don’t see a painless way out of this. I sincerely hope I’m missing something. Barring that I sincerely hope we can get a pro-America/pro-private industry administration soon.

One other note. Assume you think Williams has it right. What do you do? If the dollar collapses we’re all hosed equally. What assets can you obtain that are not tied to the dollar, and in what quantities can you obtain them? If you believe this stuff (and I’m not saying it can’t happen) then your best alternative is to cash in now and move to a country where you don’t think this will happen. If you’re not willing to do that, then you either don’t believe it, or you’re not accurately examining the situation.

We mock Al Gore for claiming carbon is destroying the planet while he maintains a huge carbon footprint. How different is it to claim the Dem’s policies are driving us to economic armageddon then continue to work a job that pays in U.S. currency, and continue to pay a mortgage on real estate denominated in U.S. currency? Again, I’m weighing in with a resounding “perhaps.” Williams could be right. I don’t have a strong argument against him, but if you believe he’s right then the best place to be for the next decades is somewhere other than here. Either put up, or put your head down and keep plugging away. Playing chicken little and running around like a freightened schoolgirl isn’t going to help you in either scenario.

Happy New Year, indeed!

Since the 1980′s, I’ve had concerns if I’d ever be able to draw from my retirement account. The last couple years I had serious doubts. The account dropped like a rock and to date, has slowly worked it’s way back to recover about half of the losses. February 18, 2013 is my magic number. It’s articles like this that still make me wonder if I’ll ever see it.

Unrelated David. Are you going to be calling in to RF3D today?