Quote:
Originally Posted by joshgirls
i've been waiting & waiting for the USA & globalism to crash. all these survivalists, preparing to return to the jungle.
starting to seem like the economy itself is too big to fail. it is enduring all sorts of insufferable imbalances in taxes & representation in terms of the 99% vs the 1%.
giant, unending trillion dollar deficits. outsourcing & globalizing unskilled labor. historic congressional dysfunction. taxes on cap gains far lower then workers who actually make the product, deliver the customer service. a health care system that is a corporate monopolistic leech. wall street algorithyms & derivatives crashes.
so is this whole thing gonna crash or not?
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If you want to see how it all plays out, study history. It doesn't end well.
However, according George Soros and several other financial moguls, the US economy already crashed. They have just been injecting money into it to keep it on life support. How long it will live on life support is anyone's guess. It's really up to those who are buying our debt. But when they stop buying it, the music stops.
QE3 is coming soon, which means they are going to print more money, which means the dollar is about to be devalued again, which in turn makes buying it less attractive, and you'll see more countries and investors turn back to precious metals instead of the dollar. Though, my guess is we still have a ways to go before people stop buying US debt and the dollar totally collapses. They will milk the system for all it's worth first.