DOOM: The Social Implications of Economic Collapse

I really well written article on the different shapes an economic collapse could take.

Enjoy the doom-porn

Option 1: Continue borrowing, keep the party going.

As long as the government CAN do this, they WILL do this. Regardless of their intentions, though, more debt only worsens the situation, creating higher borrowing costs in the long run, and even more debt. As this happens, the pool of buyers begins to dry up, especially from overseas.

Option 2: Inflation

www.zerohedge.com...
www.sovereignman.com...