I think 5 to 10 years is way to early. But I can’t see the future either. I would rather it come sooner than later. I hope it comes while there are some real patriotic conservatives left in the citizenry. You are right about a generation down the road.
I just think no matter how bad the financial situation really is, the books can continue to get cooked and massaged for decades to come. It happened in Europe (and is still happening). You are talking Zimbabwe scenarios in the next 5 to 10 years. I just can’t see that yet, but don’t doubt it is coming.
or Venezuela, which is a lot closer and more recent that Zimbabwe
It doesn’t have to be Zim levels. We have Occuppy Wall Street, Acorn spin-offs, and the rest of the welfare gang that is already inflamed by the MSM. Europe is teetering, and so are we. Whether it’s like a balloon deflating or a balloon popping is unclear, but the bond markets will not tolerate much more of us abusing our world reserve currency status. We are stealing from all of our international creditors through printing money. If China, Russia, and a few other countries begin doing settlements in another currency, the end could come really fast.