Almost all nations in the world are in HIGH DEBT,taking a CUE from USA-this is bound to EXPLODE ONE DAY OR THE OTHER-THAT IS FOR SURE.The worldwide inflation especially in developing countries could be TRACED TO THIS MADNESS.If debt is put into good use by getting reasonable return,it is healthy for the economy but is being directed towards WASTEFUL EXPENDITURE.When will the good sense prevail on rulers?Nobody has ever succeeded in life on BORROWED MONEY & THE SAME APPLIES TO COUNTRIES TOO!!
Driverless cars & now automated trucks are fast replacing age old tasks done by humans! At this rate Unemployment will skyrocket around the globe which in turn will reduce demands for goods which in turn will further worsen the unemployment situation-a NIGHTMARISH scenario to think over.
I think the economies of countries PRECARIOUSLY depending on oil revenue would collapse in the days to come i.e.Russia,Iran & other fringe players,where as OPEC countries would survive for some more time by withdrawing petro dollars stashed abroad.US too would suffer by way of job losses,defaults on energy bonds & derivatives.This in turn would affect the world's financial system on the whole.
USA won't allow this to happen at any COST i.e. it will subsidise shell oil producers in US & TEACH a lesson to OPEC cartel which has damaged the world economy during these years & prospered themselves in the process.The coming good days of cheap oil & alternative energy will boost world economies the world over to great heights.
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It Is Mathematically Impossible To Pay Off All Of Our Debt
Almost all nations in the world are in HIGH DEBT,taking a CUE from USA-this is bound to EXPLODE ONE DAY OR THE OTHER-THAT IS FOR SURE.The worldwide inflation especially in developing countries could be TRACED TO THIS MADNESS.If debt is put into good use by getting reasonable return,it is healthy for the economy but is being directed towards WASTEFUL EXPENDITURE.When will the good sense prevail on rulers?Nobody has ever succeeded in life on BORROWED MONEY & THE SAME APPLIES TO COUNTRIES TOO!!
Driverless Trucks To Hit Alberta’s Oilsands Region Replacing $200,000/yr Operators; Big Layoffs Coming
Vladimir Putin Proposes "Eurasian" Currency Union
This development along the proposed formation of BRICS bank will be cause for worry for the MIGHTY DOLLAR in the days to come.
Who Is Behind The Oil War, And How Low Will The Price Of Crude Go In 2015?
I think the economies of countries PRECARIOUSLY depending on oil revenue would collapse in the days to come i.e.Russia,Iran & other fringe players,where as OPEC countries would survive for some more time by withdrawing petro dollars stashed abroad.US too would suffer by way of job losses,defaults on energy bonds & derivatives.This in turn would affect the world's financial system on the whole.
Guess What Happened The Last Time The Price Of Oil Crashed Like This
USA won't allow this to happen at any COST i.e. it will subsidise shell oil producers in US & TEACH a lesson to OPEC cartel which has damaged the world economy during these years & prospered themselves in the process.The coming good days of cheap oil & alternative energy will boost world economies the world over to great heights.