Thank you for reading my blog and for your comments.

It is unlikely for the U.S. economy to collapse like the USSR as Zoltan Hubert suggests. However, the "baby boomer" generation is now reaching the age of retirement. As an example, George Bush and Bill Clinton will both the age of 60 this year. A good number of baby boomers will retire with assets to keep them in comfort. However, these assets may rapidly devalue due to (a) inflation, (b) very high net debt of households financed with high real interest rates and (c) devaluation of big ticket assets, i.e. homes and real estate.

Unlike the USSR and Japan, America has a tradition of importing consumers and taxpayers by allowing immigration. Political trends and opposition to immigration are remarkable events against such tradition of the American economy. As the population bell curve shifts towards retirees, and without replacement of immigrant taxpayers and consumers, the ratio of workers vs. retirees will be less than 1:1 and that is not good news for any economy.

Since 2000, American companies are noticeably absent from cross-border transactions and investments abroad. Companies from other stagflationary markets such as France, Germany, Holland and Belgium are busy with investments and joint ventures in Russia, Korea, UAE, Malaysia and Indonesia and the current political climate is now a substantial obstacle to starting such joint ventures in the near future.

America suffered greatly during the Civil War and through a series of economic crises in the late 19th century, and that was before the Great Depression, don't assume that the United States will fall simply because of high gas prices.

I too look forward to a Gorbachov in the US, but now!

We now see a classic cycle of boom-bust in world economies, all due to hidden asset inflation and excess leverage on borrowings by the private sector and absurd evaluations. Too much debt owed by both the private and public sector and assumptions were 1990s assumptions and not today's religous-laced arguments.
Let us all hope that it all will go away and soon.

This might be the best-case scenario that avaits the US:

"... and America may well be on the path to what Japan experienced in 1990s."

Onother possibility would be the total collapse of the US (United States), very similar to the collapse of the SU (Soviet Union).

"... and America may well be on the path to what the Soviet Union experienced in 1989."

Read the text from Dimitri Orlov :

http://www.fromthewilderness.com/free/ww3/060105_soviet_lessons.shtml

The society of the USA is based on cheap oil and consumer economics (remember the Ford T ?) wich will both end. What then ? Marketing, management, patents, attorneys, Disneylands, SUVs, stock markets, laser guided bombs, ... will be of no help.

Let's hope for the rest of the world that an american Gorbatchev is president when that happens, to allow a peaceful implosion rather than a destructive explosion.

your analyze is quite good, hope to see the similar articles again.