Monday, August 20, 2007

Comptroller General worried that the US will get PWNed by history

David Walker, the US Comptroller General has recently made a statement warning the US of “chilling long-term simulations” and comparing the US to Rome.

Link to Financial Times article.

As if the article wasn't sobering enough. As I write this, there is a commercial on TV where five 40 something men of varying racial backgrounds who are obviously reclaiming their youth and virility are playing and singing a version of Viva Las Vegas that they call Viva Viagra.

It looks like a life of pills, Harleys, and bandannas that is defiantly worth putting on a credit card.

We are so fucked.

1 comment:

Anonymous said...

Ah, but credit conditions are about to tighten for the bandanna'd bandits riding those American hogs. Additionally, and not to say the Comptroller is full of poo, but how many ages and civilizations have pointed to the moral demise of others as though it were a singular event to learn from? Rome was working a protectionist ethic, and had nowhere near the capital or such diverse means of asset allocation as we have today. I'd like to think globalization and to some extent Fed policy will kick in to mitigate some of the imbalances, and here on the homefront (at least for now) unemployment and spending are currently at decent enough levels to soften the blow of the subprime collapse. We're in for a rough patch, but it's not the end of the world as we know it. I'd bet on it - just let me check my credit limit first ;)