Originally Posted by Kievsky
Do you think that:
1. The US government will finally go truly broke?
2. What do you think will happen if and when this happens?
I think we are headed for a US version of the fall of the USSR.
I don't know. I do know that Barry is a classic leftist superficialist who has never once in his life met a genuine standard. I know he has no clue what's really going on. Anytime you meet people who are chock full of enthusiasm for running the economy or managing giant populations, you are dealing with dangerous idiots. He's very much like Bushy in that he has never held a real job, so everything is very floaty and easy to him.
The position Bonner takes at the Daily Reckoning is right - you can point out all the things these guys are doing wrong, but that's not the same thing as telling exactly where and when it's all going to come crashing down or how exactly it will wind up. There are many ways it could go, but I don't think any of them are good. Our government never does the right thing, which would be returning to the gold standard and holding a going-out-of-business sale of 'public' assets and then serving death kool aid to all its timeclockers.