FINANCIAL ARMAGEDON OR BUSINESS AS USUAL? Over 60 per cent of Americans believe their economy will fall into a financial abyss, and get this, “Within the next six months.” This shows that the majority are in ‘panic’ mode caused for the most part by the negative media spin. We know that the U.S. is printing money like ‘there’s no tomorrow’ with public debt spiralling out of control, and we are now told both the U.S. and Canada have depleted all gold bullion reserves. Scary isn’t it? What’s next? Many Canadians share similar concerns, but should we? A recent book well worth reading entitled ‘The Next 100 Years’ by George Friedman thankfully sheds a much different, more positive light about the future. It is a fascinating and refreshing book because of its dismissal of conventional thinking. Conventional wisdom is that the United States will default on its foreign debt and will fail both financially and economically and that China will become the new world superpower. Friedman asserts the opposite because the U.S. has the most powerful military in the world, borders both the Atlantic and Pacific oceans (few other industrialized nations do), controls all oceans with its naval and maritime fleets, have the number one economy as well as more wealth of any nation on earth. As a (relatively) young nation, America is just now just growing up and hence will dominate the globe for the next century. China who holds the most American debt simply cannot afford to call its loans since it is now highly dependent upon trade with the U.S.A. Friedman also points out that the fact that over 99 per cent wealth in China is held by people along its coast, while the vast majority of the population (in the interior) remains impoverished, and most importantly, very restless. Communism will therefore collapse as it did with Russia who by the way will challenge the U.S. again in a new cold war. A war that the U.S. will win because the Russian population will decline rapidly over the new thirty years without immigration will become weak and disintegrate.  Canada will continue reap the rewards of being America’s biggest neighbour and ally. We will continue to be protected from invasion at minimal cost as well, and we will enjoy a resurgence of economic growth along with a rejuvenated U.S.A. in the decades ahead. When a person’s view of the future is fraught with negativism, one generally loses hope and acts negatively, or not at all. We are positive about the future and we hope you will be too when you read this mind altering book of predictions. Allow us the privilege of doing your next mortgage, or refer someone to us that results in a funded mortgage, and we will gladly give you a complimentary copy of ‘THE NEXT 100 YEARS’.