While the stock market continues on its merry way recording record increases for 2011, the rest of the world is falling apart at the seams! Here are some items to ponder:
WalMart’s CEO is predicting serious inflation! Do you think this guy might know of which he speaks? CEO Bill Simmons is worried and when he’s worried we all should be too.
America enters yet another war in North Africa. Not content to continue squandering billions on wars in the Middle East, America has now jumped into the Libyan conflict. Right now we are at a billion and counting.
Energy prices on line to cripple the average American. With gas prices at $3.50 a gallon nationwide and with President Obama looking to cut our imports by a third, what do you think will happen when we hit $5 a gallon?
Japan is preparing to sink beneath the waves. Prior to the earthquake, Japan was on the ragged edge of insolvency. That was before an estimated 309 billion in projected costs are needed to repair the damage done was reveled recently. Japan is currently the second largest holder of our debt. So who is going to bale them out this time? China?
Unemployment in the US is improving, but only at a snail’s pace. The segment of hard core unemployed is large and is becoming more and more troubling.
If we have a really stellar growing season, we just might avoid large scale food shortages. Like it or not we now are faced with the prospect of sharing our food supply with China and therein lies the rub.
Five European countries are now on the edge of bankruptcy. Portugal will soon be heading, hat in hand, to the EU to seek a bailout. This at a time when the Middle East and North Africa are on fire! Can that party have a good end? I think not.
But there is a bright side to also consider! It’s rumored that President Obama has a secret technology he is holding back that will save our bacon at the last moment. I hear it has something to do with solar panels…