|
As I wrote in another thread, a fairly conservative-leaning economist college buddy of mine, a top student and a star in his job who's one of the smartest people I've met, is taking Pimsleur courses in French in preparation for a move soon to Marseilles, since the dangerously low savings rates and intolerably high public and private debt levels in the US foreshadow a serious economic collapse within the next decade. Although generally Republican-leaning, he despises Bush and blames him for much of the current fiasco.
He was advising me and the rest of us at the bar where we were hanging out, that the best career move to make these days would be to snap up one of those good language-learning course materials from Pimsleur, Berlitz or Instant Immersion and learn a big EU language like French, German, Spanish, Italian or Dutch, then hitch up with a European company (or a European branch of an American one) and move out ASAP before the inevitable reckoning-- basically, when the yield curve becomes so far inverted that interest rates would have to double to cover our debt, leading to a collapse in the economy and further capital flight out of the US, exacerbating the problem further until the dollar plummets and the US effectively defaults. The whole English-speaking world in particular has been dragged into Bush's blunders, so we have to look elsewhere. Chinese, Hindi or Japanese might also be interesting if you're so inclined, but because of the EU's discipline on public and private debt and higher savings rate, the EU is the most stable place right now in spite of its own issues. We have to be prepared for this.
|