As the article correctly points out this has been happening for some time nearly 3 decades now. It has just been well hidden from the citizens.
I agree the world will feel this sudden stop. They are heavily invested in the US and the productivity of our citizens. Our dollars are backed by the “good faith and credit” of the United States. That my FRiends is us. In a crazy sense we're not the biggest consumers of the worlds goods, we're the biggest slaves. We've pledged our own productivity...
Weimer tried the tactic to print itself out of their WWI debts. I submit this is what 0bama is doing about our debt too. They think they can do this and stop just short of the crash. The problem is once you see the signs of the crash...it is already too late. The greed of the administration will blind it to the signals to stop.
I submit the fact we're seriously discussing these kind of events...it is already too late.
Not too late to prepare, but certainly too late to prevent the coming collapse. We're gaining $1 million in public debt every six seconds. Prior to the passage of Obamalamadingdong-care, our debt is projected to hit 85% of GDP by 2019. That's only nine years away and it tells me that what we have going on is far beyond unsustainable. Land and lead is what will help folks survive. I certainly wouldn't want to be living in a city in about 8-10 years.....
I believe we are in the midst of a DEPRESSION, not a recession. The government is constantly lying to justify their actions and trying to paint these rosy scenarios which are all lies.