Wow! nice thread and comments, lots of well thought out points.
Not sure myself what our economic straits will look like but I firmly believe they’ll be here before any of us would like. I hope we’ll have a little window of warning. As in, what transpires in the EU will move to Asia (Japan) will move to the U.S. last. We’re already seeing what’s going on in emerging markets and with Brussels vs southern EU now, that looks ready to implode at any time, but now it’ll be developed nations as opposed to some relative back water. I wouldn’t wish this on any country, but we’ll be able to see the dominoes falling in front of us and hopefully have some time to react, for those paying attention anyway.
Recommended reading – economics; Martin Armstrongs’ website and the comment sections on Zero hedge articles concerning economics (WARNING-adult content).