[Graewoulf]

Thanks for your very thoughtful reply.

One point needs further discussion, as follows.

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Pardon this editing of your sentence, “ - - - This will be as long a road as it was to get here I fear as it will not happen overnight - - - “ but financial Markets are rarely that symmetrical.

A long build up and a long decline are rare, whereas as a sudden decline is the usual pattern.

Currently, the Baby-Boomer Generation has lost 30 % of its net worth in the bursting of the Federal Housing Bubble in 2008. That was 5 years ago.

In similar manner the Student Debt (”Loan”) Bubble will burst suddenly at the worst possible time, and “surprise” the gullible (Media) and the evil (politicians).

The advocacy of State Control (Communism) by Communist-trained B. Hussein Obama has telescoped history so that individual States are giving serious consideration to the idea of Succession from the damned US Federal Government.

A very good effect of a shut down of our sorry Federal Government would be pause to consider why our vaunted Constitutional “Checks and Balances” failed to self correct the Federal takeover of a very poorly managed system of Government.

[LucyT]

Steve Stockman Accepts Ted Cruz’s Challenge To Defund Obamacare In The House Of Representatives

Check out article, then # 12 , # 13.

Thanks, Graewoulf.

[laplata]

Thanks, Graewoulf.

[Mouton]

I think we should not discuss the financial markets and the federal budget fiasco in the same vein. IMO, the debt does not have much to do with the loss of house hold income, down 10% in a few years and the crash of the real estate markets. The debt bomb and the declining purchasing power of each household are like two trains running toward each other on the same track. I know we have to do something with the student debt as it will be heaped upon the taxpayers one of these days too. However, our last chance to do away with Obamacare is now or we are going to heap another few trillion in debt upon the nation which will lead to both a financial melt down and taxes at confiscatory levels.

The threat of secession also needs to be in the mix. What power do the states now have if they don’t make mention of that or a rewrite of the constitution itself which I believe may backfire anyway. There is one more shoe to fall, actually it is falling already but has not hit the floor: the removal of the US Dollar as the world’s medium of exchange. When that happens, we are done because the only thing proping it up now is the demand for dollars to underpin world trade. The most recent example I can think of what happens was when the pound sterling lost that role,
England began a downward spiral which they never recovered from.

Frankly, I think we are screwed no matter what happens now as it is just a matter of time before we reap the harvest we have sowed.