Let's put aside the zombie apocalypse fantasies and survivalist rhetoric.
Let's look for relatively realistic scenarios here. I came across this article detailing a recent Congressional Budget Office Report while looking up reports on the TPP deal.
http://ift.tt/1dhJQfS
CBO report:
http://ift.tt/1BfVOlU
So, let's have it. Let's say the worst has happened. US govt defaults, announces the worst possible scenario for the economy. the FED can't save us with all it's worthless money printing. What will happen? Like Weimar Germany pre Nazi regime? wheelbarrows of dollars for a candy bar? worse?
Seems like it's only a matter of time now, and no one seems to give a darn. Just more kicking the tin can down the road while politicians line their pockets with lobbyist money.
Let's look for relatively realistic scenarios here. I came across this article detailing a recent Congressional Budget Office Report while looking up reports on the TPP deal.
Quote:
Congressional Budget Office Warns of Coming Complete Economic Collapse 1.4k SHARES FacebookTwitter Weve been saying it for years here at LibertyNews.com. The economy is on its way to collapse. Usually when we say it, however, people point to the stock market and claim its not so bad because the market is on the rise. People also say our claims are in place simply because we dont agree with Obamas policies. We stand by our assertion the economy is on its way to collapse because it is. Its not what we want. Its not what we hope for. It just is what it is. The writing is on the wall and anyone who ignores it does so at their own peril. Today there is a new report that elevates the danger to a whole new level. Its no longer just alternative media pointing to the coming collapse. No, now its the actual Congressional Budget Office.... |
CBO report:
http://ift.tt/1BfVOlU
Quote:
If current laws remained generally unchanged, federal debt held by the public would exceed 100 percent of GDP by 2040 and continue on an upward path relative to the size of the economya trend that could not be sustained indefinitely. |
Seems like it's only a matter of time now, and no one seems to give a darn. Just more kicking the tin can down the road while politicians line their pockets with lobbyist money.
via International Skeptics Forum http://ift.tt/1dhJQfU
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