Posted: 8/18/2012 10:34:59 AM EDT
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Yea, we all make assumptions and wild guesses thinking SHTF is right around the corner, some here prolly hopes it is, so it can bring out the Rambo in us all. But.... back to real life.....
At some point, things will have to give, printing more money won't work, social Security will end due to not having enough money (payees vs payers) national debt will be so high, taxes won't cover the interest on it, to much going out and not enough coming in. At some point, it will fall into a smoldering heap as it crashes and burns. Two part question. So what is your best guess on when this will happen? At what point will the government have to do something to control what will happen? That is, going to a new system, (cashless?) nationalizing everything, taking all savings, 401s, IRAs stocks and whatever and paying us a small interest payment when we retire? Or a Totalitarian life where we work, get a place to live, clothes, food and medical care. And nothing else... From what I have figured, we can last till about 2040 at the current rate, but I think the government will do something about 2025. Thoughts? Off to work, BBL.. 
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It's just around the corner.
It has been "just around the corner" since I first started reading such rhetoric from the late '70s. First, the Commies were going to crush the capitalist system, than the Japanese were destroying us, the anti-government rhetoric really picked up in the '90s, now its a mix of that and the Chinese. It's a good thing I never chose to hold me breath. |
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It isn't going to happen like that.
IMO the "economic collapse" crowd are WAY TOO OPTIMISTIC. Collapse would be an event we could live through and then rebuild something better, the masses having learned the lessons of the failure. Instead what we'll get is continuing decline, more and more intervention undermining what's left of the market economy, more socialism, less prosperity for everyone. There's a ton of wealth left in this country to be redistributed and destroyed before we get to mad max, and nobody's gonna do a thing to stop it. |