Inflation is not being tamed and is much higher than acknowledged. People know that from their massive increases in food, utilities, insurance and communication costs. Talk is that we will have to accept a permanent 3-4% inflation rate, if we ever get to that. And a permanent lower standard of living. People on fixed incomes are slowly drowning and can end up liquidating their homes to live on the proceeds. Many people, even very wealthy people have lost 25-30% of their savings and are now into liquidating savings to survive.

Government data on employment, etc. is suspect. There is a very deep recession looming and the old measures of recession have been dumped and the new measures of recession take many variables into account. In other words, a recession is when the government says it is. They wish to obfuscate the actual situation of the economy because challengers to the presidency and Congress win in post recession eras. The presidency changes hands. Even massive fraud is not going to overcome the installation of a new president and the ouster of a president presiding over such grim economic conditions.

What are our prospects, the country is in a decline, and economically it is a socialist country which has followed the practices of all socialist countries but because of the size and diversity of the population such programs are much more deadly and rapid in decline than small European countries. We began printing money at accelerated rates in the past decade. We are are $31 trillion in debt. It can never be paid.

We have a ruling political class of very elderly people. Much like the sclerotic elderly of the old Soviet politburo. When they died, the Soviet collapsed.

We can predict a ten year, maybe much shorter term of decline, then a collapse of currency. Then a ten year state of chaos, violence, raiding of our natural resources, malaise.

After that there could be a renewal of generative energy in the country and a return to taking back our resources and heritage. That is the good potential. It is not guaranteed or assured that we will rise better from the ashes. I hope so.