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RE: US Debt Undermines Dollar Confidence (whether people realize it yet or not)
Yes its a eye catcher for sure. I see lots of this stuff, but this one really caught my eye. And yes I agree that there is no way out either. I think the only solution is a reset at some point. Its like we've delayed going to the doctor for 30 to 50 years, and now we're so sick there isn't anything that can be done but start over.
And yes on learning from our mistakes, but my guess is that most won't. Just like today we have plenty of times in history to look at, but every time they always seem to convince people "this time is different".
You say reset.... do you mean revolution?
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Not necessarily.... Its certainly possible, but I think most people are too fat and lazy for that. More likely in my opinion will be more like just poverty and misery for the unprepared. Hopefully not total chaos, which could happen in the big cities if the police can't be paid though.
I think giving the animalistic nature of people when put in large numbers, and the fact that we freak out when something as simple as her cell phone breaks, that huge interruptions indpay food supply protection and other things will result in at least some level of Chaos. I really hope it doesn't come to this, but anymore it's very believable I think.
yes... that's why I'm happy to not live in a big city anymore. I think there will be mini war zones and "no go" areas in the big cities if that does come into play. You are certainly right about chaos and a lot will depend on the way it goes down. People in a lot of the US have lost their "family" cohesion of the past, so if all hell breaks lose there won't be the tight-knit family units to keep a natural order. And I don't believe the government would be a very good alternative here in this situation either, so the best hope is to be prepared and able to "already have"/"be able to purchase" what you will need. And don't have a lot of faith in the dollar as your only method of savings.