Uh. . . . Duh !!
My sentiments exactly. What I find interesting is that back in 2007 I said this could get “as bad or worse than the great depression”. At the time it sounded like crazy talk, EVEN TO ME. But it seemed undeniable.
I now have absolutely no doubt it will be worse than the great depression, which was ended by a world war (if you get my drift).
In fact, I call it WDI and this WDII (World Depression II).
It’s not just the US, and regardless of what you’ve heard in the news, The PIIGS have not gone away, except maybe for Iceland. And there is a very positive story there.
BTW, during WDI they didn’t call it the depression. It was given that name after the fact. Kinda like WWI wasn’t called WWI at the time.