Anatomy of a death spiral

Discussion in 'Economics' started by nutmeg, Jun 4, 2011.

  1. :confused:
     
    #11     Jun 6, 2011
  2. Very true, The thought of nuclear war is just scary. I hope our satellite systems work well. The way I see , I'm 23 and a nuclear war in my lifetime will happen.
     
    #12     Jun 6, 2011
  3. Ya know, I'm just wondering. The stats show 10k boomers are retiring every day. Inevitably they are going to die probably at some similiar number per day. They are going to die in debt and the heirs and may not pay off outstanding debt.

    People are going to be diagnosed with terminal illness max out their credit cards and stiff the man

    I wonder what effect this will have on the economy.
     
    #13     Jun 6, 2011
  4. clacy

    clacy

    In case you missed the Alan Greenspan interview on CNBC the other day, here is a link. To summarize, the US is getting very close to the point of collapse. Action is needed in short order, or it's going to be a financial crisis of epic proportions.....

    http://video.cnbc.com/gallery/?video=3000025564
     
    #14     Jun 6, 2011