They do note in the article that no one expects the crisis to go that far. But then call the Euro a doomsday machine.
If it does play out like article states we do have some time to prepare. So, get your shit together while you still can!
Yeah, I've read something similar which basically said "this is the entire rundown but it won't happen because once some of the larger issues occur it will scare even that most hardened bailout opponent to death"
so what if they're scared to death, this is just a tiny window into what is actually happening.
It's like the entire house is on fire and burning to the ground and someone points out that you have a termite infestation and should call pest control to come and spray.
The U.S. dollar is collapsing.
Japan and China have already dumped the dollar as a trading vehicle and are now trading amongst each other, The six fastest growing economies have gotten together and stated they are to trade outside of the dollar, China and Saudi Arabia are in the middle of constructing the worlds largest oil refinery, think they will still trade in dollars, in short what they are explaining over in Europe is a possible pin being pulled from the financial grenade and doesn't even go into the explosion itself.
What we are heading into is the perfect storm, America is on the verge of collapse also, USSR SOviet style collapse, you remember when their entire military went home in defeat, not because they were defeated militarily, but because they were bankrupt.
We have lent spent or borrowed at least, and I'm saying at least because this number is two years old. 16 trillion dollars that were injected into the economy, we are now strung out like crack whores on constant quantitative easing, that doesn't even count the 4-5 trillion dollars that Obama the pretender in chief has injected into the economy to keep it going, and we are now spending more right now in entitlements that what our nation is taking in on tax revenues, and what you are talking about is a financial collapse that would send tax revenue, and gdp along with jobs plummeting. Not to mention the trillion dollar student loan bubble, the massive amount of over hang in housing that is still sitting around needing to be foreclosed on, or moved out of the banks inventory, which doesn't even touch on the commercial real estate collapse that is coming.
Look, imagine the worst case scenario, and then understand that they are looking through a very narrow window of the connectivity of the worlds financial system to everything else, and realize that society is a very fragile thing, and that the first time that first food stamp doesn't get paid, or that first social security check either doesn't arrive or doesn't have any value by the time it does, then all bets are off.
All great societies have a life cycle, we are in a cycle of death.
When I say death, I don't mean like a phoenix with a new beginning, I mean a very real death. First the sick and feeble will parish, then the old and then when total chaos is upon us and the city dwelling population is no longer receiving a constant supply of food, then you will see the true cannibalization of society in the most real of terms.
In the end, this is what society looks like when the free stuff is all gone.
