The Soviet Union also went bankrupt and collapsed.
The credit crunch/deflation is already happening and nothing can stop it. I can’t borrow a 800k with no money down if no one will lend it. I can’t even service the debt I have if I lose my job. Thats where we are now and its only getting worse in the future.
House prices are going down, unemployment is going up and those of us that are prepared will ultimately be rewarded.
The sort of backwards-think displayed in your post is exactly what got us in this mess I might add.
