I am more optimistic than Jim Rogers here. You see, China has a huge government that also believes in micromanaging, albeit not as bad as ours, YET. They are going through their industrial revolution and its natural knowing how big their populations are, to pick up steam because they were artificially 3rd world for a long time, due to their political climate. Having said that, they cannot be as rich unless the US is strong because they TRULY have a 99%/1%. 99% of the country is not rich enough to CONSUME like we can, so to over take us will take longer than one may think....
Again, I am very bullish on the long term future, because of the fact that the YOUTH are waking up. I believe that there will be a tipping point where the old people who think in the old ways due to having not grown up with alternative media, will naturally pass on and be taken over the the youth who are educated online where we can spread truth. The Propaganda wings of the two party system are getting less and less powerful due to alternative media. The internet is our last outlet of freedom. The government controls EVERYTHING, from TV, to airwaves, satelite, but they cannot control the internet yet, so we must fight to keep it free... Once the Ron Paul youth take over, I believe we will be resilient and strong enough as the original American character, that we will become great again. As politically incorrect as this sounds, if we slow down the importation of so much 3rd world poverty who depend on the wellfare state and are a burden to prisons, justice department and government subsidized education and then ramp up immigration of the educated and entreprenuerial, I think we can be great again. I can truly see change, but only after the older generations cause us more pain. I still, in my heart of hearts, believe we will wake up as a nation and make a change again. Jim Rogers, as much as I admire him, is from the old generation, so he knows the old generation will NEVER wake up and get us out of this mess. It will take another 15 years, give or take, but we will have a revolution and become great again!
Ron Paul 2012
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