RE: I just know I wouldn’t bet on the status quo when folks are desperately trying to invent a way out of it.
Well, we are in agreement here... but here are the X factors:
1) Timeline — WHEN it will happen
2) Political — are you willing to bet that the status quo ( as you put it ) will remain as they are? What if by chance, the voters come to their sensesthat vote in a FISCALLY RESPONSIBLE President and Congress?
It depends on whether one is an optimist or a pessimist at heart.
3) Foreign Policy — Exactly WHAT kind of currency are most countries going to recognize as the dominant currency? Will it be an existing one? Or an artificially made up one? If artificial, then we’re back to the Euro problem — WHICH CENTRAL BANK ARE THESE COUNTRIES GOING TO RELY ON TO MANAGE THE SUPPLY OF THE CURRENCY?
I want to be optimistic, but we have heard from Manchin and if he genuinely believes as he has said that our budget is out of control - then he merely lackes the courage of his convictions. If he would just change parties maybe we could have some of that now. But what I hope and what I would bet on are two very different things. I would bet on the status quo until the revolution. Things are falling apart, but only a fool would bet on when California slides into the Pacific ocean.