Monday, 27 September 2010

'America will Collapse'

Core elements of the US military industrial complex may remain alive as the economy implodes. It is likely that "emergency" procedures will come into play in an attempt to control impoverished US citizens after collapse. The government, in co-operation with certain private firms/contractors, will take over in terms of providing food distribution and housing. Those that cannot pay rent will be put to work.

It is difficult to see how the US economy can be rescued from this point, although the possibility of a debt default and a sudden crash that wipes out insolvent banks, and lowers housing prices to a more realistic level, would, after short term pain, clear the US from its debt burden. With the right strategy a collapse could be managed and the country placed on a road to genuine recovery.

[Posted at the SpookyWeather blog, September 27th, 2010.]

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