Reply #48: All of this sounds like a plot line for "Revenge of the Sith" [View All]

[Mister K]

The forces of evil take over and the Sith blame the Jedi.

1) At the current rate the US will be bankrupt within 4 years. Right now Japan is helping us by keeping our inflation low by buying our dollars and exchanging it with Yen. When they run out of Yen, inflation will increase. The Dollar will weaken and the cost of imported products will increase drastically. The deficit will spiral out of control to the point that no one will lend us money or invest in the US.

The only way we can be saved is if we cut spending and reduce our deficit. If this does not happen, see number 1.

2) I would recommend to everyone here, whether you have large or small investments in 401K or pensions to look in investing it overseas in a foreign currency or market.