Not really, States, municipalities & townships are having a harder time than ever getting debt funding while facing unprecedented deficit and gloom forecasts. Small & mid businesses still have their credit lines cut off. I'm sure we all know where the consumer credit stands. Only interbank & large corporate credit markets are getting better, due to the endless government bailouts & handouts. The insiders club are essentially just sharing in their latest looting of the masses. I don't see a collapse but a slow deterioration is well under way. This is similar to what Argentina went through not that long ago.
(Palms up, hands moving up and down.....) paynow/paylater/paynow/paylater/paynow/paylater It will be one or the other. None of you would think that our "good" government "leaders" would have any incentive to put things off.....Do you???
Disagree. The game is too good for the plutocracy. They will bleed the value out of the nation until clear cut signs of civil unrest, then they will introduce some kind of large scale war. It will not b nuclear, too many unknowns. That's beauty of Obama. Because he is our greatest of American experiments, the people will tolerate a lot more pain than usual. The country will polarize as well. If we can be internally destabilized to the brink of civil war, then we will fall with ease, and the last of the great resisters to globalism will be recorded in our grandchildren's Kindles.
I'm no "end of the world" scenario type of guy, but surely you see some long term problems, right? I don't know how anyone wouldn't be concerned with the lack of fiscal responsibility that both politcal parties have shown. I am of the belief that we can and will ultimately fix our debt problems, however the congressional track record has not shown any proof of the ability to do so. I think it may take a quasi-politcal revolution on order to trigger some actual policy change.
Are you familiar with chaos theory, peak oil, Jevon's paradox? The world wont last too much longer as it is; most of modern life is unsustainable. The are past the stone, copper, bronze, and iron ages. We are living at the high of the oil age. short version: we are doomed
We have an estimated 9 times more recoverable oil formations to exploit still, peak oil is a myth for our lifetime. EASY oil peaked, but technology has made massive leaps in just the past couple of years. I wouldn't worry about oil being our doom.
Even if the slight chance that you are right.....it must really suck to live like you do, huh? Are you in a constant state of depression?
I am in your camp, Papa Roach. These short-term bandaids will just delay the inevitable. I'm all for letting the house of cards totally crumble now as well. We would see major pain (probably 25 % unemployment), mass looting, people jumping off buildings, etc., BUT I think starting from zero, and building from the bottom, would be a long-term boon. It will never happen - no one has the guts to call this kind of move. But, I do agree with you in this regard.