People who believe in a coming "collapse" - when do you expect it to happen, and how?

submitted by Aureus from self.AskSaidIt

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[–]Zahn 5 insightful - 2 fun5 insightful - 1 fun6 insightful - 2 fun -  (2 children)

you're looking at spending more money just maintaining the debt then you pay for most things in the government.

No one ever talks about how all this "money" owed to mysterious "banks" doesn't represent any actual wealth. Printed out of thin air, it allows the handful of people that own the banks in question to indirectly control every aspect of our lives. If national debt was defaulted on, those that print the money would lose nothing but power.

[–]BigFatRetard 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

You're not wrong, but I think the next step is that whatever country defaults will immediately lose a lot of power in the world. Particularly the US can't run perpetual trade deficits, they'd have to make stuff if they want stuff.

huh. Not seeing the downside now that you mention it...

[–][deleted] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

That's right. There isn't one. That's why central banking (the Fed) is called Banksterism: it's outright stealing real wealth (houses, land, etc) and earnings out from normal people's pockets. Not to mention inflation.