As the first month of 2011 comes to a close, it could have possibly set the pace for the rest of the year. Understand that the U.S economy is basically teetering off the edge which just about any light breeze could tip it right over but these situations could possibly be storms; California, New Jersey and others are on the verge of collapse. The dollar is on a very steep decline which could cause more debate on whether to continue the use of the US dollar as the world’s reserve currency. Interest rates are on the rise and are at an eight month high. Interest rates’ going north spells disaster for government debt, the housing market and just about everything associated with those two. Oil and other commodities are on the rise as a result of inflation. A higher price for food and gasoline is going to hurt the already high official unemployed at 9.4%, and real unemployed at around 15%. So in other words as far as the economy goes, 2011 will be the year were the beginning of the end takes place but not the end of life. Upon the disaster that awaits us I have been blessed with the knowledge of becoming a father. Not all is lost; there is still a future, for anyone to conquer.
