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2012 forecast: Food riots, ghost malls, mob rule, riots, terror
On Oct 12, 12:23*pm, Demon Buddha wrote:
Dinosaur_Sr wrote: This sort of thing has happened before, and will happen again. the US is not the Soviet Union. * * * * Getting more like it by the minute these days. *Do not make the fatal error if believing that it cannot happen here. *It can, and by slices, it is. * This will not cause the collapse of US society. We have had the recession and deflation...still going through the deflationary phase. * * * * This is no recession - it is depression. *Mild at the moment, but there are events on the horizon that are almost certain to come before long that will turn the wick up a notch or two on our currently unwelcome conditions. *Just one example would be the coming wave of mortgage foreclosures. *That should be spread over the coming year or two. *Based on my reading, it stands to be a damned sight worse than the first wave. * * * * And what about the likelihood of hyperinflation? *While it would be nice to be able to pay off the mortgage after only 20 minutes after taking that job at McDonalds, the other side effects may not be so pleasant. |
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