Zeev's Turnips Talk Politics (ZTTP)

[shermann7]

IN MY OPINION!!!

The upcoming collapse will be economic. We are already socializing debts and privatizing profits. The ten year bond has doubled in the last six months, and the dollar devaluation in the currency markets has started. Option ARMS are starting to kick in and mortgage rates are rising. Not a good combination. There is going to be a commercial real estate collapse, and many more credit card defaults, and personal bankruptcies.

During the great depression, people did not have credit cards and exotic mortgages. They did have trade skills. They could grow their own food, and fix/build things. I am not sure Xbox and watching TV are that marketable these days. When people have nothing, they have nothing left to lose. There will be civil unrest.

Meanwhile, Obama has every intention of going into Pakistan. Probably Iran too. We do not need a world war with so many nukes out there (not Iran).

Shermann