Folks, I am sure you must have read several references on GoaNet that the US is heading down-hill or that its days as the global leader are numbered (whatever the hell that means !!!) or that the US dollar is all but dead.
Well, throughout history, every nation has fallen from its perch after a good run. But I do not believe any country willingly relinquished its supremacy to another power when it's military happens to be the most powerful in the world. Towards that end, the US isn't going anywhere and it will continue to be the most powerful nation for a considerable period of time. Why? Well, the US continues to innovate aggressively and provide new technologies to the rest of the world. No other country comes even close to it in comparison, when it comes to high technology. Imagine you buy a car that drives purely on batteries. You drive from Los Angeles to New York and pay almost next to nothing to power your car! On a long range trip such as this, when the car runs short on charge, all you do is, drive to a nearest charging station - take a bathroom break or a coffee or smoke a joint or do whatever fancies you - for about half hour - while the car charges nearby - and then, off you drive again. So, how much do you pay to charge this car? Zero .... nothing!!! The above scenario is not some wild dream, but it is about to become a reality here in the US. If you have not heard or read about the company - it's called Tesla Motors (Nasdaq Symbol: TSLA), named after Nikola Tesla (the guy worked as an apprentice for Thomas Edison and went on to provide the design for the AC form of electricity). This is a game changer (or market disruptor) in the auto industry! Period. I expect Americans to begin purchasing these cars en masse when the price point comes below $30,000. Currently, these models sell for about $70,000 so they are bit expensive. When that happens, the rest of the world would want these cars too. To read more about this click here: http://www.reuters.com/article/2013/05/30/us-tesla-smaller-idUSBRE94T10A20130530 But that's not all - you are missing the main part of the story. It is not gold that is going to make you rich. To me, gold is a dead investment that can't do crap. It's the investments in edgy companies that has the most potential to deliver the goods. For the price action of Telsa click below and study its gain since Jan 2013: https://www.google.com/finance?q=NASDAQ%3ATSLA&ei=_eWnUYCXIs3D0AGKVA So what happens to the Arabian Sheiks and their oil? I don't know - I don't think they can do much - maybe they can begin installing solar power generators in the desert and sell it to northern Europe. But one thing is certain, the US will set the stage for the rest of the world to copy itself .... yet again. Regards, Jim F New York. Disclaimer: I am not a financial advisor, nor do I recommend you to purchase stock in Tesla.
