[Aces4]

Originally Posted by oneclickplus

There is a catastrophic depression coming when the US dollar literally fails. At $35 trillion in acknowledged debt (and multiples of that in unfunded liabilities), the Fed will continue to print, print, print and the spending power of the USD will go down , down, down. Eventually, there will be few buyers for the debt auctions which will force interest rates higher. And the cycle will just feed on itself.

Google "BRICS" if you are not familiar with it. What started out as 5 nations (Brazil, Russia, India, China, South Africa) is now a consortium that includes Iran, Egypt, Ethiopia, and the United Arab Emirates. As of today, the BRICS nations' GDP exceeds that of the G7. The population of the BRICS nations is 45% of the world. About 40 more nations are looking to join BRICS which is poised to issue its own currency backed by gold. Our currency is backed by nothing except the world's acceptance post WW2. The world is now deliberately and quickly reversing that situation.

The goal of these nations is to dethrone the USD as the world's reserve currency. In doing so, the USD (and the USA) will be almost literally destroyed. Our greatly diluted dollar (think Zimbabwe) will buy almost nothing on the world markets.

Our leaders who continue to spend beyond our means are destroying our country. No matter who gets elected, this will be the outcome because none are interested in making hard choices.

My predictions:
1) escalating debt into 2025 with no end in sight.
2) inflation getting worse no matter what the fed does with interest rates
3) real interest rates will rise even if the fed lowers the fed funds rate
4) food inflation to skyrocket as the country's ability to grow its own food declines; anything imported whether food or not will get more and more expensive
5) business closures and job losses as far as the eye can see.
6) any number of "black swan" events (attacked by Iran or other, massive earthquakes or yellowstone blowing its top, terrorism from illegal migration, etc) could accelerate or exacerbate our decline.
7) crime & violence accelerating on a near vertical trajectory.

Jamie Dimon is wrong. The odds of a soft landing are 0%.

You won't recognize this country in 2028.

It's painful to read this but, bingo! You've hit the nail on the head and what blows me away is the fact that supposedly very bright people haven't grasped the whole picture of what is happening to this country and the forces behind it.

We continue to increase our population in a large fashion, gobble up valuable and productive farmland for housing and most people don't know how to get off their butts anymore and do physical labor. We are a very weak and vulnerable country at this point.