Lkorrow,
re: "I just took it to be you were thinking it would occur in less than decades"
I *do* think it will occur in less than decades. I'd say the odds of collapse in less than ten more years are 80/20. In 2004, I'd probably have put the odds at around 60/40. As we can both see, 7 or 8 years have gone by and . . . no collapse.
But, in ten years, the Dow has gone approximately NOWHERE. And in the last week or so...
o A leaker reports that the Bilderberg conference is going to try to get the the United States to crack down on Free Speech... particularly on the Internet.
o The Dow has had its longest series of weekly declines since 2002.
o Obummer announced he will help bail out Greece.
o The Federal Reserve has surpassed China as the biggest holder of U.S. debt.
o China has accused the U.S. of beginning to default on its debt.
o China has announced that it is beginning to divest itself of U.S. debt.
o China has surpassed the U.S. as the world's largest consumer of energy.
o Hillary Clinton may take the helm of the World Bank.
o The Housing Bubble looks to continue its collapse
o Unemployment numbers have begun to increase once again.
o The average American will probably need to continue working until age EIGHTY.
o The US government is spending approximately three dollars for every one dollar taken in.
Each of these stories is HUGE . . . and a potential harbinger of very bad things. If you think we are "muddling through," then I'd hate to hear your definition of "having gigantic problems" - because that's how I'd describe our status!
The many Americans who have lost their jobs and houses are definitely NOT "muddling through."
By the way: If China is selling off its U.S. debt, where do you suppose it will put the money??? Remember, we're talking about the Chinese here. Pretty smart people.
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