reply to post by dominicus
It's hard to say because each time it should have happened politicians have changed the rules, bailed out another country, manipulated the markets...
I would suggest it'll be after November, and probably when Greece and Spain have to default. We all know that the € is dead, it's only a matter of
time. But to be honest, the PTB have come up with so many delaying tactics already, controlling the collapse and making it a steady decline, that
anything is possible.
Basically, I think there is going to be a shock to the system, something the PTB didn't see coming, or didn't see the consequences of. For instance,
when Greece defaults, a sudden shock is possible. But if they go into discussions about it, the PTB can think up ways to delay the inevitable.
The same with Spain. Many believe that if Greece defaults then Spain will announce a departure from the € immediately after, then France... The
global markets could collapse on the news of Greece defaulting alone, but how much control does the Federal government and the UK have over the
manipulation of the markets, and the media reporting on it?
I don't think this is only about economic situation any more either.
We know that after November Obama (or whoever else is POTUS) will have to start the ball rolling on the cuts and austerity. That's something that the
US has seemingly not really been talking about. All these nations around the world are having to do it, but the US is in a far worse financial
position than any of us.
The US faces a real risk, because at the same time the € is failing, you have political turmoil too. You have the Republican party becoming more and
more dictatorial every day, massive political disillusionment, rising poverty, rising homelessness, rising unemployment... these all make for
increased social instability.
Before the RNC I would have said that the economic situation in Europe would be the biggest risk to the stability of the US. But after seeing their
behavior, hearing the rhetoric and witnessing the emotive BS a lot of their speakers were preaching, I honestly think that you now have a political
party on the verge of becoming something far more dangerous.
And before I get whined at by Republicans here and called a "typical commie leftie", I dislike Obama just as much for his failings, and I believe
both parties are the same behind the scenes. But, you now have a right-wing party that is seemingly on the verge of fanaticism, with right-wingers
openly suggesting a revolution if Obama gets another term. As far as I'm aware, that's pretty unprecedented, and it should be taken for the warning