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Events just don't pop up out of no where and take place. They are the logical or sometimes not so logical outcome of past events. If one is to understand an event one must have a view of history or past events and be able to put them into a context where one can see how one affected the other. How this chain reaction of events played out. So in this context President Obama is not orchestrating an agenda of change but riding the crest of a wave of change.

The seminal event of the last decade was 911. It was the last major fork in the road that has led us to where we are today. Everything stems from that event. From the Fed lowering interest rates to 1% to avoid a crisis of liquidity, to Enron to the the sub prime and CDS debacle. However events in a broader sense are the logical outcome of the ending of the American Post War economic Bubble. Each event or cross road of decision making from LBJ's putting the Social Security Trust Fund into the General Account has led America and the world to this place of financial crisis. In other words like every major power before America, we have spent the treasure that we had built up, in our case during WW2 and the Post War reconstruction of the world.

To predict the logical outcome of what is transpiring today is knowable in broad terms, as one can see trends developing as the logical outcome of today's events. However the ringer in the machine is the fact that each decision that has to be made in the future presents another crossroad which will produce a chain of events that is unique and unknowable at the present. That is not to say that an educated guess can not be made based upon the predilections of the times and of men

So what does the future look like going forward.

1. As stated before President Obama s riding the crest of a wave of change and is not orchastrating it. At such there is the beginnings of an Oliver Cromwell type of secular Round Head revolution which spells the end of conspicuous consumption and a get back to basics or austerity as dictated by the current financial times. This also has to do with the coming of a Green Economy and Global Warming concerns.

2. Within the political party that is now in complete power there is going to be a test of wills. Will Obama or the Barons of Congress with their fiefdoms prevail? Obama to be sure has assembled about the most politically adept team of centrists he could find within the constraints of his party. If Obama is everything that he is touted as being the Barons of Congress will fall in line, and the converse is true if Barry Obama should show up in the Oval Office. However one looks at it there is going to be what can be called a purge in the party once the honeymoon is over.

Who is going to get their way? The direction of the country depends on it. If Congress wins one will find a much more fragmented left leaning American policy in the future. If President Obama prevails a more balanced and cohesive view will transpire.

3. The Republican Party is in disarray and will be eclipsed if they don't change. Ronald Reagan is dead and his revolution is over having played itself out. Its time of relevance is over. Something new has to take its place and it is TOO EARLY in the game to discern what that direction is going to be. Events going forward will shape that direction.

4. Internationaly the American Empire aka Globalization is also under extreme financial and political pressure. The key will be if the world loses confidence in American leadership. So far, as has been stated America is still seen as the best hope going forward. That leadership depends on the fiscal responsibility of the American leadership regarding domestic policy. If the American government conducts itself in a business as usual fashion the world will lose confidence. If the world loses confidence chaos will rear it head in the world and any semblance of cohesion will be lost.