We may see a great depression the likes never before felt and other upheavals.

In March 2006 I predicted "We may see a great depression the likes never before felt and other upheavals." It was this feeling that made me pack up in September 2004 and leave the US for Japan. They had had their "adjustment" in 1990 and are one of the few countries making money of China. People in Japan, particularity my students, ask me will it get any worse than what we have seen. AIGs near collapse, the global collapse of core banking and financial groups. Iceland was hit hard so was England's Banking. GM fall is equivalent to many as a literal symbol of the decline of the US. Equivalent in many respects to that of Coca Cola going under. Can you imagine Coke folding... The dollar has already significantly adjusted... but has it adjusted enough? Probably not. It saddens me to think of all those GM employees and other that lost everything and it angers me more that the leadership can get away with starting up a new company backed by the US government... US Tax money! In japan the CEO and many of its top executives board members would have probably killed themselves for their failure to the company and its stakeholders. Im serious. So yes, we will see more turmoil and upheaval as the US currency get further devalued when we lose OPEC. The glorious gluttonous days in the US are over... the reality check is sinking in as we are forced on a energy consumption diet.