The debt that is “out there” is astounding; it is nation killer stuff without firing a shot. I too have wondered what the U.S. economic collapse will trigger. Not to be a doom and gloomer, but things cannot keep going the way they have been. The “Federal Reserve” literally printed money out of thin air for many years keeping the financial trading “up”. Now we have obamacare that is working on seizing 1/6th of the nations economy and throngs of municipals and states that simply cannot keep up with union pensions.
The only question in my mind is not “if”, but when does this implode?
I guess we’d better find all the neighbors who have/make/grow things that can be bartered and prepare for the worst.
So the question is .... would you rather be the person who owes more debt than you can ever pay back... or the person who loaned you the money? And if you’re the lender.... are you really going to force the borrower into bankruptcy knowing you can never get any of your money back, or any assets once you do that?
The debt is so big, it is unimaginable. It will implode, maybe sooner, rather than later. If the US goes, the world goes, and I am pretty sure it will cause a world war. Just how extensive that war will be, is anyone's guess, but I believe it will happen. Just keep reading your Bible. You will need it.