It is clear to me that the only thing that will stop the music is lack of food.
No amount of fiscal trouble will stop the publics’ plunder of the private. They will borrow until they can’t, period.
No, there will be an economic or financial collapse first. Inflationary or deflationary. Long before the food stops flowing, the economy will grind sluggishly down.
I keep hoping the US Central government can keep all those plates spinning in the air until after I am buried, but I know they can’t. I’m sure I will live to see this collapse, and it is going to be ugly.
I wrote this last year, you might enjoy it.
“Trapping Feral Pigs and Other Parables of Modern Life.”
http://www.freerepublic.com/focus/bloggers/2949909/posts?page=35