So what do people think of Christopher Laird's article? It makes sense to me as an interested layman. America's shockingly bad financial position has been known for decades, but if it's becoming consensus amongst the powers that be, maybe the end game is coming soon?
America has been able to live off its reputation & military for far too long, and the longer the delay before the crash, the worse it'll be. So how can they possibly stop the transition from USD to say, the Euro, as the world's reserve currency?
Sure, they're trying to invade Iran after Iraq, but what happens when a big country makes the change, such as China? There's no invading China, or bullying either, given how the US needs cheap Chinese goods.
All 'great' powers rise, endure & then collapse. Just like markets. That'll never change. I'm not sure how keen I am on huge debts for buy & hold property if this kind of collapse is on its way in the next few years ...
Of course, it could take another decade or longer. Timing is always the challenge. Is there anyone out there with a better grasp of this who could offer a possible timeframe?
Ed