Breakfastburrito, touché!
Unfortunately what many people are not discussing is that a complete and utter collapse of the United States monetary system is imminent. GFC 2008 was nothing, just a minor bubble in the scheme of the economic health of the world.
Bubble number 2 is close to bursting. If you thought banks and financial stalwarts going bust within a few days was shocking wait until the real bubble bursts. We are talking about entire Countries becoming bankrupt (it has already started), the collapse of the Euro (has commenced) and the complete self destruction of the USD (that process is almost complete).
BP2197
Either way, it will be a rocky, tumultuous ride.
Unfortunately yes. The storm that is brewing is like no other financial annihilation that has ever been recorded in history. And as for the strategists, footstools and he ignorant, just a look around our own Australian backyard. Apart from the resource sector there is huge unemployment, house prices have dropped around Australia by 10 -50% depending on location, I dare anybody to prove me wrong. Record numbers of bankruptcies, fraud, robberies and other social ills are further evidence of a country in decline, we are sliding at an ever faster rate. Charities cannot cope with the amount of people requesting welfare, there is no longer a middle class of people and many can no longer afford food fuel, water and electricity………all this, already in our own backyard.
Tick tock.