posted on Oct, 2 2012 @ 08:02 AM
I would say we'll see things starting right after the election.
Most of us on the outside have been looking at the USA and wondering when the penny would drop. It seems that most Americans not affected by the
crisis already seemed to think it would never affect them at all. It's like most of the USA are living in their own little bubble of delusion, and no
matter how many times people point out the trillions in debt, people just don't get it.
I see the collapse of the € is still pretty much being ignored too. This is potentially one of the most devastating events we're expecting, and it
will hit the USA hard in possibly extremely fragile times.
Spain is on the cusp of collapse, and Greece too. Both are going to be experiencing massive protests in the coming months, with a revolution in Spain
highly probable due to the extreme right-wing nature of their government and the public resistance to outside autocrats that a bailout would
Spain is going to need a massive bailout, and that comes with agreements that the people of Spain cannot and will not accept. If we think their
protests so far have been impressive, just wait until the right-wing government there signs a slavery deal with the IMF and ECB. That will most
certainly bring millions of people out onto the streets, because it will show that they have failed already, as many expected.
Just like all other nations in this mess, they are just digging the hole deeper and deeper, and expecting the public to accept it.
If that results in a revolution and the overthrow of the Spanish government, the € will be refused in favor of a return to the Peseta. If Spain
leaves the €, it will mark the end of the currency.
When the € collapses, that will hit the USA, and every other nation too. Our banks and markets are exposed to the € on a massive scale. It would
cause a global collapse of the markets, a crash the likes of which we have never seen.
But, and this is the good bit, it would be the short and sharp reset that we should have had back in 2008. I believe it will be chaos, but far shorter
chaos than we will have if we keep digging the hole deeper and deeper.
Everything could have been avoided if our governments had seized the failed banks and corporations when they failed, and then allowed competition to
flourish. Those responsible should have been arrested and charged. The following years would have seen a return to responsibility, economic diversity
and natural redistribution of wealth from the global corporations hoarding it to the many hundreds of thousands of smaller businesses arriving to take
All of this could have been avoided if the politicians were not in the pockets of the bankers and corporations that failed caused the mess we are now
in. If they had not bailed them out, and they had actually allowed the natural capitalist system to deal with it properly, then we would be over the
worst of it by now and probably be back to stability.
That's my take on it. I know there will be others who disagree.