By this time I would have received my second beauty make-over, and here's what I think the world's economy will, to some extent, look like:
Major countries that are not strongly allied with the US: China, Pakistan, Russia. Iran was luckily softened up with social media sites long ago and their government was overthrown. Careful attention was placed on allies and non-allies as this gives some sort of a blueprint as to what a major war might look like if the ^$%##$^ hits the fan!
The world has become more homogenous. Emerging countries have a net loss of their traditional and established way of life and a net gain of western ideals and debt.
The US is still in control-mode and has survived several stock market crashes and recessions. The norm has become to not pay a huge part of one’s perpetual debt and this goes for many individuals, companies as well as countries. In fact, the concept of ‘debt’ has been redefined to accommodate these sorts of lending practices. People ‘now’ (in the future!) see this as a normal practice.
One world-wide correction resulted, not from debt or the hand of the Federal Reserve, but by the development and implementation of quantum computing and its ability to in an instant decrypt, through even brute-force, classical computing encryptions. So financial companies, governments, internet etc had to reinvest heavily and reinvent themselves, which was costly. There was another mini tech boom too as next generation computing was born. But no terminators, yet!
Europe is heavily in debt and is going nowhere really. The ECB is just a big bank. England and Germany are the two stand-outs and have a major say in the control of world markets. Germany (becomes a stronger US ally) is more committed to market control with the US and continues to control the next generation, thinking, algorithmic trading computers.
The middle east is still in turmoil. It had promising periods, but newly formed governments helped along by the west ended up doing a 180 degree turn; nothing new here.
Deliberate control and manipulation of patented next generation automotive technologies has stifled the transition from combustion engines, hydrocarbon fuels etc to next generation cleaner fuels and electric vehicles. This along with other stubborn and unyielding practices has caused shortages of commodities and traditional hydrocarbon forms of energy.
China has the world's largest economy but does not control the electronic markets; this (most asset classes around the world) is still under the US's control and the US along with Germany and England control the majority of sophisticated, intelligent, algorithmic computer trades, that control the direction of all asset classes and markets, even if it’s just indirectly.
Many of these exchanges are cloud-exchanges which makes it even harder to regulate and even locate. Collusion and market fixing is still part of the game.
Commodities are on a rollercoaster ride; yes they will go lower than what they are today as inverse pressures force them down and speculation and the lack of supply will force them up again and again. There are way too many people on Earth and resources are at a scarce; no surprises here. Stockpiling is widespread.
Countries like Australia may have to militarize and further protect its borders and protect non-urban regions for fear of a possible invasion by hostile and desperate nations that need its expensive and rare resources; and they probably don't want to pay for them anymore. A long shot, but still a concern even in the next 50+ years. It will become an even bigger ally of the US.
China has a real problem; the demographics are skewered and do not favour an even +4% growth anymore (yes, no longer 10%). Their cities have long become the most expensive in the world (and so have many of their products!) and there still is a problem of the ultra-rich and the mega poor. The west still finds it hard to do business there, and there is growing unrest by a restricted and controlled people. The west may at times latently manipulate this to their advantage.
India has a different crisis on its hands - the most overpopulated country and a real strain on their and the world’s economy; I wonder if nations will collaboratively form an agreement to kind-of ‘tax’ countries like India, via tariffs, for not making an effort to control its projected overpopulation and burdening other nations with higher costs for soft and hard commodities. Hard to believe now, but the world may be forced to make changes like these especially as it becomes more homogenized and unified policies are agreed to, adopted and enforced by the majority.
Another competing reserve currency failed to dethrown the USD, as it was initially used, accepted but ended up being manipulated on the exchange markets by the US and their highly sophisticated trading computer networks, which still controls the markets.
Wealth will still be made from lack of supply and high demand for space/land, housing, soft and hard commodities etc and not necessarily form innovative developments and innovations. So don’t expect the world to look too dissimilar to what it does today; just more populated and more expensive. A real let-down if you ask me.
The Federal Reserve (which has recently 'made' itself unbankruptable) is still in control, however, some fundamental changes were needed. It became more transparent but still managed to overstimulate the world's (not just the US’s) economy again and again. Hey, they're too big to fail.
One of the biggest problems that countries have is an overburdening perpetuating debt crisis. Many, including the US, have no choice but to restructure their economies and even currencies. And yes, the finger was shown to countries holding and demanding payment on (unpayable) debt, more than once.
The ‘New World Order’ (which enjoys brunch with members of the Federal Reserve) is still out of site and they have not registered a business name and are not paying company taxes! But is enjoying all of the spoils it deserves!
The media is pure infotainment and continually ignores high level white collar corruption.
The United States has the most sophisticated military by far, and has opened up its doors to next generation defence and avionics (out of this world!) technologies, to some extent or to the extent they permit!
Two of the biggest risks are overpopulation and perpetual debt.
To Be Continued…