my crystal ball says--
in 20 years irrigating in the plains will come to a halt due to the low levels of ground water. now if this just happens to fall on the years of the drought cycle were going to see a great depression style dust bowl.
the problem is that that part of the USA will no longer sustain agriculture as we know it till the next climate change. and that could be even worse. if were lucky the water will run out on the wet side of the cycle --that might extend the problem for a decade or so--but sooner or later it is going to happen.
the USA if we keep printing $$$ and borrowing $$$ then printing to borrow --what is the US dollar going to be worth?
on peak oil -- i don't think there is going to be all that much of a oil shortage. the problem is going to be no money to buy gas/oil with.
every time the dollar loses value fuel prices go up regardless of how much fuel there is.
we may well see some kind of global economic crash, every market is running on stock market type of "paper" --while paper is liquid it is also easy to paper over problems.
with the investment banking "boom" every politician has got their hands on an investment bank. the reason is they can for all practical purposes "print their own money"--due to the way they value and borrow against this paper.
and we have massive ecological problems with the worlds oceans --shell fish are dieing off , the oceans could be fished out of fish in the next 40 years if not sooner.
all these things could well happen at a time when the worlds population is nearly double of today .
more people, more demand for energy, more demand for food, far less food production and here in the USA and most of the developed world a very over borrowed --over printed and over spend economy that is trying to come out of the hole--
yea the USA is going "third world" with all the third world problems that come with it.
were also going to see many of the other developed countries crash right along beside the USA.
the USA and most of the developed world are doing the same things --thinking short term and looking for that easy button.
we got to start thinking long term --but every politician and industry leader is wanting a short term profit. that will just dig the hole deeper.