Submitted by Tyler Durden on 10/15/2012 - 13:19 Budget Deficit China Creditors default France Gross Domestic Product Guest Post Hyperinflation Japan Tax Revenue United Kingdom
Let’s step away from the noise for a moment and look at the big picture. This isn’t about doom and gloom, or fear, but objective facts. Undoubtedly, the Western hierarchy dominated by the United States is in a completely unsustainable situation. Across the West, national governments have obligations they simply cannot meet—both to their citizens and their creditors. Once again, this is not the first time history has seen such conditions. In our own lifetimes, we’ve seen the collapse of the Soviet Empire, the tragi-comical hyperinflation in Zimbabwe, and the unraveling of Argentina’s millennial crisis. Plus we can study what happened when empires from the past collapsed. The conditions are nearly identical. Is our civilization so different that we are immune to the consequences?
However, one of the things that we see frequently in history is that this transition occurs gradually, then very rapidly.
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http://www.zerohedge.com/news/2012-10-15/guest-post-lets-talk-about-facts-not-fear
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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