Janissy wrote:
Off to wiki I go........
.......here's what wiki tells me about economic collapse:
http://en.wikipedia.org/wiki/Economic_collapseIt is a description of economic collapse with a list of historical ones. Some examples are USSR, Weimar Germany and the Great Depression of the 1930's (which it says doesn't meet the strict definition of economic collapse but close enough). Economic collapses are horrid to live through but tend not to destroy a country. Will the U.S. have one as severe as in the 1930's 5 years from now? I found many, many websites saying we are. But some of the websites also contained predictions that the collapse would happen "in March 2014" or earlier (because the internet is forever so bad predictions stay too). Although I could find many websites that predicted a Great Depression level of collapse, all too many of them were religious (Pope Francis predicted an economic collapse) and there was an unseemly amount of glee in these predictions. Not reliable. I would believe a recession, but not a Great Depression looming.
America almost had an economic collapse in 2008-09. At one point, so much money was being withdrawn, electronically, from America's markets, in addition to banks refusing all short term lending, that we may have only been 24 hours or less away from a system collapse. Have the issues behind this almost-collapse been fixed? There's no real answer, since the elites are keeping their cards hidden. I personally don't think so. America is fine right now, since we have the social media boom in Silicon Valley and the oil shale extraction boom in North Dakota and Texas, but when those bubbles pop, will we see a collapse? Nobody knows the future, but I'd say it's possible. And the the question becomes, how soon will the bubbles pop? Again, nobody knows. Watch for the mainstream media saying stuff like "there appears to be no end in sight to The Booms" and urging people to get involved before prices go up again. Right now the bears are out, so maybe we have a little longer. A lot of Americans believe in the looming End Times, and put much stock in various interpretations of the Book of Revelation, much more so than Catholicism or Eastern Orthodox versions of Christianity. Americans see the end of the world in practically everything.