Perhaps…I’m guessing you probably thought the likelihood of a global systemic crisis bringing Wall Street to its knees and bankrupting Iceland was “B.S.” two years ago. Yes?[/quote]
Nope, I have been pretty sure we would go through something bad like this for a while. I looked at 14000 and thought the same BS comment I had here. I was sure wed hit a big recession 2 years ago, though I admit I didnt see the socialization aspects coming. I didnt know exactly when or how, but I knew economic karma was gonna catch up to us eventually.
[quote=partypup]”In any event, GEAB has set forth quite a bit of evidence to support its argument.
Do you have any to support yours? Or is “BS” the extent of your analysis?[/quote]
I dont have any big scary numbers or anything. I just know that China, The petrostates, and russia have to buy into the game to play. China fears its masses more than we do, and if they feel that the chance to move up is taken away just as they get their first tastes they just may revolt. DItto with Saudi Arabia which cant employ its BOOMING population. Russia wants power and a collapse of America will kill both its markets and its oil/NG golden goose, which is its real power now that most of the world no longer fears its tanks. (not to mention most of its Navy is still a joke)
So there is plenty of money out there that has to go somewhere. And these states will contuinue to play the game if only because there are no other games in town. China cant sell cheap crap at wall mart in a depression. We wont need Russia’s or SA’s oil if we dont have jobs to drive to. They will loose Trillions as our debt becomes worthless and their stored dollars become toilet paper with a neat logo. Or they can send a few billion more along witht the Trillions they already have and around and around we go.