Quote:
Originally Posted by Fear-And-Loathing
What can we do? The EU is bigger in terms of population and the further they integrate the further ahead they will become.
However the US still has a massive debt to the Chinese which when repaid, might swing it in America's favour.
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you mean "if repaid."
But it will not be repaid. We will default and I think the rest of the world already knows that. They are just tooling for the best position as the serious collapse begins.
I would prefer some logical conversation about what it will be like and how long it will be before we can in any real respect hope to begin to recover from the default.
The depression in the US is pretty much a given now.
The real question is not "if" but how "deep and how long" it will be.
I really wish I didn't feel so positive I was right as I wrote all that.