Prospect for US's economy: Not Good

.. at least that is what I manage to get out of this interview with Janet Tavakoli, a woman who sounds like she know what she's talking about (~11 mins):

Controlled collapse of the dollar?

As a follow-up on the "Difference between Wall Street and Bernad Madoff" post, here's an interesting comment from Jim Rickards, director of market intelligence for scientific consulting firm Omnis, where he shares his outlook for the dollar.

Please take time to compare that with this video from January 22, 2009, From MIT's "View from the Top" symposium: The Future of the Economy, embedded here (if you don't have half an hour, then go to 13:50, in particular from 19:10, with the point that coincide with Jim's above being served at 22:00):