[Kartographer]

Sooner or later everyone has to pay the piper.

[the invisib1e hand]

actually, no you don't; all you have to do is change the rules on the piper. granted, that might get messy...

anyway, who knows: doomsayers are bound to be right at some point, on the stopped-clock theory.

[the invisib1e hand]

I’ve said it too — re the headline. And if you consider the entire population of the world, we probably are in the midst of it. For some, it’s been “worse than the 1930’s” for our entire lifetimes.

[rbg81]

There’s simply not enough cash in the world to buy all this debt. ------------------------------------------------------- Uh,...yeah there is. 1. You just float new debt to replace the maturing debt. In MOST cases the entity that owns the maturing debt will turn around and buy the new debt. 2. Whatever is left over, the Central Banks will buy. They may do it with $$ created from thin air, but they will do it. Honestly, this happens every year because the US Government keeps so much $$ in short term Treasuries these days. The use ST Treasuries to minimize the interest payments. The person who wrote this article can't be that stupid. He is just trying to scare people. I see versions of it ever so often.

[Vendome]

Your house burned down? FU...Pay me..

Your mother needs surgery? FU... Pay me...

Goodfellows

[Carriage Hill]

Here’s a better copy of the video:

http://www.youtube.com/watch?v=DRcjp7_Iaks

[Logical me]

The depression is already here. Check gas, food, utilities bills, foreclosures, loss of much of health care or its cost, take home checks, unemployment, etc, etc. Millions of Americans are living at or below cost of living expenses and are living on credit cards. It will only take a few years and the well will completely go dry and the 30s will look like a cake walk.

[Route395]

“Sooner or later everyone has to pay the piper.”...

Yes! and when you have disasters like Obama driving the bus, the end comes a lot quicker with no chance to change course to stop from going over the cliff. DAMN OBAMA and all the whack left!

[Mariner]

To associate a debt catastrophe and default as an inflationary event is beyond my level of understanding.

Perhaps the author didn't take Econ 102 in school? Even 101?

No, it's a ravenous Debt Deflation that awaits us.

[EVO X]

We know inflation is at least running at 10% in the real world

My personal inflation rate hasn't been running anywhere near 10% per year as seen in alternate bls statistics. I would be broke. That is not to say 10% couldn't be a possibility going forward..

[andy58-in-nh]

What's the problem? The central banks will simply borrow the funds necessary to roll over debt the same way they have become accustomed to doing - from newly-created ones and zeroes. And whatever credit exceeds debt service will simply go to buy more shares of Apple and Citicorp and BAC, driving equity prices to new highs and everyone will think the economy is doing just great.

It's working, isn't it?

[VRWC For Truth]

Invest in guillotines. A few heads rolling will get things fixed pronto.

[Graewoulf]

‘WHEN YOUR OUTGO EXCEEDS YOUR INCOME, YOUR UPKEEP WILL BE YOUR DOWNFALL.” (Paul Harvey, radio announcer).