I agree with the first part of your statement, but not the second.
I used to think our economy could collapse, and then "heal" or re-set somehow. However, after studying the problem, I foresee no scenario where a full fiscal collapse gives the United States a fresh, clean, new sheet of paper. On the contrary - there will be a severe PRICE the world will demand of America. It will be economic slavery, loss of sovereignty, and loss of property rights.
America will be brought to her knees. We are hardly mentioned (if at all) in Bible prophecy. Our nation will cease to be as it is now.
>> On the contrary - there will be a severe PRICE the world will demand of America.
That might be true — if the rest of the world were not in the same boat.
An American debt blow-up (default, rapid inflation) *will* trigger huge economic upheaval throughout the world. Even in China, which will receive a double blow — loss of their major market and writedown of their foreign holding — to their own shaky economy.
It’ll pretty much suck for everyone. Europe, Asia, Russia, certainly South America — no country will be in such a position of strength that they can demand their pound of flesh from anyone else, and enforce receiving it.
But the federation (US, europe, asia) that is first to do the righteous thing — that takes its lumps first — will come out of the darkness first. Both areas have REAL wealth and the means to generate more. Shake out the rot and corruption and socialism and bubble mentality, and return to a true producer-based economy.
Of course, this is just my opinion. But it’s based on what GOD says in His word about how to treat each other and carry on our business — and His warnings about what will happen if we don’t.
FRegards