The countdown to total US economic collapse.

[Royal Dragon]

Anyone care to hazard a guess as to what the time frame might be?

[strawdog]

Around November.

[jasonf]

Next February/March if Christmas shopping falls flat on it's face, again...Or at any point when China asks for it's Debt to be repaid in Euros instead of Dollars. Then we go to WAR!

[Eric]

I never knew you could choose the currency of US government bond repayments.

[Dmitri]

With super-large systems like this, there's no single point in time that defines "total economic collapse" IMHO. It will be (or should I say "it is being" ) a long and painful process, gradually going down and then gradually coming back up.

[shawnsegler]

I thought we just give up sovereignty and switch to the amero, right?

S

[DeusTrismegistus]

I say we tell china to STFU and tell them we aint paying their deby and stop importing there goods and start making everything we need in the US. ISOLATIONISM FTW

[TaoJoannes]

Well I guess you should go ahead and start working on your citizenship paperwork, eh?

[Darth Rock&Roll]

it's always darkest before the dawn.

right now it's about 8 pm.

[Bhassler]

TOTAL economic collapse? I'd say at least a couple hundred more years....

[Michael]

Two years tops. Also, agree with Dmitri. WIth a balloon/bubble this big, it takes a while for all the air to go out of it.

[CaliG]

TEN, NINE, EIGHT, SEVEN, SIX...

[Teazer]

Y'all are crazy. Except for Bhassler & Dmitri. But that's what makes the Flower a great place to be!!

& Michael I thought you said it had already collapsed. So what air are you thinking of?

[Michael]

It has collapsed, or rather has been skewered so violently that it is like a balloon in the process of collapsing but it takes time for the air to dissipate.

In a vain attempt to explain, LOL, US $$ became world reserves after Bretton Woods collapsed, but our fiscal policy meant the time delay, or insulation, of payment of debts outside the US was allowing us to screw everyone. For example, we borrow one gazillion dollars today either outright or through some kind of purchase of foreign goods, between the time we spent/borrowed the money and paid it back, the inflation created by the Fed meant we only really paid back one half a gazillion dollars.

Ron Paul said he long suspected secret agreements between the Fed and other country's private central banks were allowing us to monetize our debt, but with the IMF now demanding an audit of the Fed, well, looks like it's time to pay the piper after creating $4 trillion dollars worth of pure paper currency to pay for Iraq.

BTW, looks like the Fortis blurb I posted in the other thread was a hoax.

[Teazer]

BTW, looks like the Fortis blurb I posted in the other thread was a hoax.

Oh. So we won't be expecting this collapse to happen soon anymore?