posted on Sep, 20 2012 @ 12:25 PM
Originally posted by Ericthenewbie
I hate to be the one to say it but I hope the US gets their sh*t together or just let's the economy collapse already...then we could at least start
forging forward on an improved system and future....I mean you can only kick the can down the road so far!
At this point, I don't believe it's possible to get our sh*t together, unless one or more of the following happens:
1. Outright, full-scale war with most of Asia and the Middle East. Not only does this drive the economy via war goods production, but it would allow
us to write off the Chinese debt and would severely restrict access to Asian goods that stock the shelves in every store from Wal-Mart to Macys.
We'd have to buy less, but there would still be demand for a lot of stuff, forcing US manufacturing to restart, thus creating jobs and a ripple
effect through the economy similar to post WWII. This, of course, also depends heavily on the US not getting bombed into oblivion by whatever country
we've decided to bomb into oblivion.
2. Hyperinflation due to some yet unknown catalyst, completely destroying the Western financial system and forcing a currency and debt reset.
3. Some as of yet unknown government initiative to write off consumer debt (credit cards, mortgages, student loans, etc.) along with massive
infrastructure spending to spur consumer activity. But, this isn't really possible in the current or foreseeable political climate.
Personally, I fear we're headed for #1 if #2 doesn't get us first.