[9YearLurker]

There’s also the tipping point re: federal debt. E.g., if the dollar loses its reserve currency status that will be a huge hit across the economy.

[ExTxMarine]

...if the dollar loses its reserve currency status that will be a huge hit across the economy.

If/When this happens, our money will be worth less than Weimar Republic dollars! We will become Zimbabwe overnight and you will spend $199 for that $1.99 loaf of bread!

I truly do not think people understand how close to the precipice we currently stand!

[nascarnation]

I think the US as a whole is just like that family in 2007 riding a wave of fake prosperity based on maxxed out credit cards and helocs on a house with negative equity.

Instead of a McMansion and two leased luxury SUVs, we have election-buying entitlements.