The coming collapse

With 17.7 trillion in national debt and 128 trillion in unfunded debt, when do you think the collapse will hit and to what extent? I know the DOW is around 17,000, but that is the wealthy trying to make sure their millions or billions will be able to buy fuel, food, security and so on when dollars aren't even worth pennies. The gravy train is stuck on full throttle and the tracks are looking very shaky.

IF you believe Jim Rickards, The Death of Money....(who Rand Paul quoted and referenced his
book)...within the next 6 months. Perhaps Q2 of 15'?

Europe and Japan will tank first, so that should be a warning sign for ya! (They are already heading down)

The US can probably limp along awhile with 0% interest rates and keep borrowing until the Bond market says "the party is over" pay up.

Then the choice is default or pay most of our revenues on interest payments. Your choice.

5 years or so is my guess.

Lets not forget the other factor that could very well speed up the process... the "jv team" that's likely to start scoring unless some sort of coalition gets formed behind some leader that's willing to lead. Maybe France will step up...

But even if the fear factor doesn't come into play for a while, I'm sure the aca mandate do plenty to slow the economy down once the cowards are willing to let the law go into full effect.

Good points Rick. Also think more locally, I'm guessing States like Illinois, CA, NY, NJ, and Florida will beg for bailouts when they go broke first. Colorada would have been ok if the Dems hadn't taken over the state, so we aren't too far behind. At least we have our Pot to keep us happy awhile.

Some predictions I've seen are as early as mid October. I agree the states already bankrupt will suffer first and most. Do you think we will model the Argentina type economic collapse or more of a TEOTWAWKI worldwide collapse?

Has to be a slow collapse, like we have been in for quite some time finally catching up. But there will be lots of window dressing trying to continue to disguise. Frankly I wish something would happen soon so that Americans will wake up and get out and vote if it isn't already way too late?

History never repeats...



You have nothing to fear, all is well!

LOL wrote: Good points Rick. Also think more locally, I'm guessing States like Illinois, CA, NY, NJ, and Florida will beg for bailouts when they go broke first. Colorada would have been ok if the Dems hadn't taken over the state, so we aren't too far behind. At least we have our Pot to keep us happy awhile.

Yep, I am guessing we will see international canaries in a coal mine and other states first before it hits us. If the world economy does tank, this fracking issue might settle itself. No new drilling because no one will be buying that oil.

Personally I am a little more optimistic, hiring numbers keep improving. Yearly debt spending is on the decline.

And for the October doomsayers? Incumbents like to spread the pork out before elections in November. The man who finally gets a job might be more likely to keep that incumbent in office.

Where is China in all of this?