According to Eggelletion, people are not identifying with the successful economy because their wages have not increased to keep up with inflation over the past two decades. If we dont see a significant increase in income around this country, perhaps maybe a [significant] rise in the minimum wage... then the Republicans are going to be in trouble come 2016, he said. Eggelletion suggested gas prices have fallen due to the strength of the US dollar. A stronger dollar undermines other currencies and Americas own export market, as well as exacerbates the tenuous geo-political situation in Middle East, he continued, noting how a strong dollar weakens oil prices. Eggelletion anticipates the US may be in Iraq for the next 20 years. When we leave its going to return to the same social and political dynamics that existed prior to the United States moving in there, he predicted. The country can no longer afford these kinds of interventions, Eggelletion asserted. He warned about the end of the dollars upward trend, rising interest rates, and an coming economic bubble in China. Eggelletion also implored something be done in the US to encourage personal savings. realdealtalk/
Posted on: Wed, 03 Dec 2014 06:59:09 +0000
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