Quote:
Originally Posted by Kiopa_Matt
There is going to be no sudden collapse of the US dollar. If that happened, many countries around the world would have to declare martial law to due mass riots, protests, looting, etc. Governments aren't going to let that happen.
All that's going to happen is a gradual and slow squeezing of the middle class around the world, which has been happening for decades. "Cooking oil went up by 8%? That's ok, I can still afford that", type of thing. That's what will continue happening.
There'll be no sudden change in anything. Governments can't afford to risk that big of a change, especially with the volatility right now. The people in control aren't stupid, and they know what they're doing. There's going to be no large sudden changes until they're 100% confident the general populous is weak enough to the point they can't revolt, hence the continuous and gradual squeezing of the middle class.
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I don't know what will happen, but to say it CAN'T is simply being naive. History says it
can and probably
will.
Germany, Russia, Argentina... all crashed. And while the USA's Great Depression may not have been an official "collapse" it may as well have been.
Then you have Iceland and Greece who recently needed a bailout to prevent a full economic crash, and it looks like Greece is going to need another one and Portugal is not far behind.
It happens.
And in case you've been living in a cave, there are already riots and protests in many places in the world. But the last place you're going to see anything like that, at least on a serious level, is in the USA. Americans will simply take their medicine as it's served to them. They are going to take every long stroke up the ass that is given to them and pay 30% of their income for the privilege to get it, because American Idol is more important than congress renewing The Patriot Act and the TSA groping their children.