[riri]

Have you seen Camden, New Jersey recently? Detroit? They've already collapsed.

Exactly. Many think what is going to happen is going to be an event, it's a process.

That's why they call it quantitative easing. They are easing you into your new, impoverished life. It's funny, but human beings are quite adaptable.

[jpsb]

"Exactly. Many think what is going to happen is going to be an event, it's a process."

Exactly correct and the fed being the only buyer of T-Bills tells you the process is well under way.