The problem is so much bigger than San Diego, than California, than the U.S. The post-1971 global financial system that we have all come to know and love has been slowly unraveling for the past 30+ years.
I think that partypup was referring to the possible unraveling of Bretton Woods II and the financial system that developed from the Smithsonian Agreement.
I agree with the macroeconomic world view. The bubble is not just in California, it's worldwide. The world is going to have to come up with a a new system.
BTW, I love Greek mythology. It describes human nature pretty well.
