Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
billyjoeallen
on 10/03/2014, 18:05:33 UTC


When do you expect this supposed governmental collapse?  In the lifetime of anyone reading this thread?  within 70 years?  I probably only have 30-40 more years left in me, at best, if I'm lucky.  

YOU are talking pie in the sky, if you think that you have a vision and a prediction about the downfall of government that is more sound and more realistic than anyone else's b/c your prediction is based on some kind of mathematics (that certainly cannot fail to prove correct, yeah right).

It's collapsing now. It may seem slow, but from a historical perspective, it's much faster than the decline of Rome. The standard of living in the U.S. peaked in the last half of the 20th century and is now declining. Europe is much the same.

U.S. government debt is now greater than 100% of GDP. We are literally living on borrowed time. Government entitlement programs are an actuarial time bomb. The collapse can be dampened (and prolonged and exacerbated) by money printing, but that's just an accounting trick. We are slowly becoming a third world nation.