I have no date in mind, Yardstick - I am totally surprised, gobsmacked, that they have been able to pull it off this long. My guess about 9 months is based on QE, our off-the-books debt, and the rest of the world getting fed up with our constant money printing, and then refusing to finance our deficit spending.
Sooner or later, most probably sooner, they will pull the plug on the USA ponzu scheme, now that they recognize it.
How long do you think it will take?
I sm guessing that you are all “copasetic” with current manipulations, and think these will go on forever. If so, we just see reality differently, and history will be the judge.
Given the nonsense that has gone on, it very well could go on longer than 9 months, but the longer it goes on, the bigger the pile of shit that will hit the fan.
What part of over 200 trillion of “off-the-books” expenses in our debt don’t you understand?
I am one of them, depending on a check from the government every month for my food, rent in a senior facility, and medicare, all so my adult children do not have to be “bothered” with caring for me.
Believe me, that chicken is soon coming home to roost, and as another Freeper said on a different thread, we seniors will be “left behind”, because the PTB assume we aren’t physically able to riot like those in the ghettos.
Get ready to take in all your elderly relatives, for the day is coming when our government is going to collapse, and you will have to decide whether to take care of us, or abandon us. My guess is that many seniors will be abandoned, in order to try to save the children. So be it.
You simply cannot afford to support the bureaucracy to take your money, pay all the .gov employees, and then transfer the money from your declining paychecks to keep us all in senior living, then assisted care, etc.
Did I forget to mention that you must now maintain all the payments to the recent wave of illegal immigrants and all their entitlements? I am reminded of that cartoon with you pulling the wagon, on a bicycle, with people stacked to the clouds - all with their hands out for your paycheck.
The .gov is responsible for this mess, and that means all of us, who voted for all those who promised us these benefits, which we thought someone else would pay for.
Sure, and this old lady shits skittles! (Please excuse me, it is late, and I am in pain)
So let’s meet back on this thread in five years and we’ll see how good your predictions are. My strong suspicion is that you will be gobsmacked that the collapse still hasn’t come.