posted on Jan, 16 2010 @ 02:55 AM
What will make everything billions of times worse is that the collapse will not come at the time of the Government's choosing. The US Government
may well be planning a controled debt default in the future, but I am convinced it will occur well before the planned date for reasons beyond its
There is a bigger time-bomb about to go off which will wreck the USA.
The United Kingdom is in a way worse cont=dition and Gordon Brown is prepared to sell his soul to be re-elected. An election must occur, by law, by
3rd July 2010. In late March 2010, my guess is that he will try a give-away budget to buy votes. As this beomes apparant, UK Bonds will fall
shrply, and UK bnds will eb downgraded frmo AAA to AA. This will become a self-fulfilling disaster and the Bond Market will crash making refinancing
of UK's debt to pay for interest impossible and trigger a crash in shares. This in turn will smash much of the bankning and finance industry and
force Brown to intervene again to bail out more of the sector, resulting in even higher and more unsustainable debt, triggering a total Bond collapse
and skyrocketing the cost of refinancing the interest payments. With riots in the streets, Brown will turn either to Martial Law or hsi party will be
wiped out in an election, leaving the Tories with the insoluable problem of hyper-stagflation and likely bond default and no way to finance the
staggering debt burden.
Once the crisis over Britain's unsustainable debt becomes clear, people will know that the recovery is over and likewise question the US debt which
is way, way bigger and trigger a collapse in US Bonds and markets and spreading back to the UK for a further round of catastrophy.
By the end of May, Britain and the USA, as we know them, will be over.