My opinion and best guess is no better than that of anyone else and we have been treated to predictions of doom for a long time, but my gut is telling me the day of reckoning is here.
The fundamental numbers are really bad and we have NEVER had this amount of debt as a nation at all levels.
I agree with you.
Credit card debt has been rising sharply. Not yet at record levels, but getting close to it.
The powers that be are doing everything necessary to bring it on.
Strategic Petroleum Reserve is also DANGEROUSLY LOW.