This comment from MarketTicker was interesting:
“So massive budget deficits, cause a recession, destroy middle class, crush purchasing power, kill stock markets, durable goods die, auto sales die, consumer sales die, GDP dies, middle class and part of the upper middle class dies, doctors leave, healthcare not available, prices go to infinity, people die, everyone’s policy is cancelled, everyone (and I do mean 100%) are forced to an exchange, the exchanges double premiums this year, double or 4X next year, this bankrupts everyone who then go cash only.
Recession, chaos and a developing nation are the result.
Did I miss anything?”
Yeah, you did forget something. Somewhere in that morass of chaos things will go hot with a pushback from an armed populace and civil unrest. That’s part of the paradigm I’ve been pondering as it relates to history. The paradigm being:
1. One corner unsustainable spending with massive debt that will explode
2. 2nd corner, rise of dependency class more on gov’t assistance than in workforce
3. 3rd corner, rise of police state tyrannical edicts like Obambicare and attempted militarization of domestic security forces
couple this with
4. the 4th corner..a U.S. population with expanded gun rights more than any time in U.S. history, with more ammo/weapons purchased than any time in US history, more guns being bought in Dec 12/Jan 13 than Chinese and Indian militaries combined.
So conflict inevitable..these things can’t mathematically continue and these opposing forces are strained.... as Matt Bracken stated we’re walking in TNT factory with 100 different triggers that may go off setting off one event to the next; this paradigm is not compatible, that’s why wonder if it’s ever been repeated in history with such debt, dependency, tyranny yet with the most armed people on the planet. And it doesn’t matter if majority of population doesn’t stand up..history is turned by determined minorities..one minority being the slice of Marxist scum radicals with their puppet in the White Hut.