I won't pretend I understood the majority of the terms you just used, but again I agree with your general perspective on the market. I just find the dimension of time to be so damn difficult to grasp. I mean, as far as I can figure it could all come down next year, but I could also see it running for another 10 years, albeit very poorly, and with lots of intervention of course.

May I ask how long it can take the bond market to collapse before you don't make a profit because of the premiums you pay on borrowing the bonds?

I mostly focus on the opinion of the people on the street. We all agree the fundamentals are terrible, but still, I have yet to run across anyone in my daily life (in the "real world", ie. not these forums) that really think the whole system could collapse. And if it were to collapse, I find it quite probable that most people would voluntarily give up some freedom to keep it going longer - via capital controls, for example.
Then again, I don't really know many people who are even interested in economics, so that might be why. It's like everyone agree on the logic behind why the system is terribly unstable, but they have a very hard time envisioning a breakdown of it. Even just suggesting high inflation (>5%) is considered nonsense by most people.