"I don't really see the world falling apart anytime soon. We went through this in the last recession and everyone was waiting for the US got go bankrupt except then everyone was crying that Japan would own us."
In a few months the National dept will be $80,000 per citizen. I call that essentially bankrupt. And,, who owns "us" now? How much of US real estate and US business is already foreign owned? How much are we funded by China?
Our national debt is $14,025,215,218,708.52.
If history is to be a lesson as you've indicated - large governments have crashed and burned as far back as recorded time. Why? Often because citizens could vote themselves free stuff and people got lazy saying exactly what you are saying. Ever hear of the Roman Empire?
Maybe your strategy of sticking your head in the sand will work, and maybe it will not. I DO know this. A US economy that is reliant on constant growth CANNOT work long-term. This planet is finite and does not allow for perpetual growth unless we plan on moving to outer space or a 5th dimension, time-warp.
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Today's Featured Article - Gatherin of the Orange - by Rick Nikolich. In July of 1998 I was talking to fellow Allis Chalmers collector Mike Schilling about the annual "Gathering of The Orange" AC show coming up in August of 1999. He got this wild idea that we should get a convoy of AC tractors and drive them from Charlotte, Michigan 105 miles to LaGrange, Indiana.
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