Sorry,
I don’t believe the economy will collapse.
If anything, by the time 2012 rolls around, the economy will be picking up, the stockmarket will be up and the media will trumpet Obama as the savior of the economy.
All of those gloom and doom, head for the hills stuff is nonsense. Even if it were true, who’s the repo man or Sheriff that’s going to foreclose on us? There isn’t.
At worst, we’re in for a patch of nasty inflation, so buckle in, but after that, it’ll be smooth flying.
They are threading a needle of deflation and hyperinflation.
IF they get their inflation, without interest rates on bonds going up as well, we will be in danger of a currency crisis.
WE are no where near being out of the woods.