Re: Re: Global Depression Mark 2 says Yahoo

#98677
Anonymous
Participant

My feelings are that the whole world (maybe the odd exception) is bust. It seems like there is more debt moving around, than there is cash/assets in this world. I heard a few months back, some economist was predicting that the USA would defaulting on it’s debts, he reckoned it would take a couple of years to hit. If the USA defaults, then the whole system will surely crash. China looks like a bubble, or a bunch of bubbles about to burst. It just all feels like an unsustainable mess.

I feel that we are in the death throes of the current globalised capitalist system, the rich & powerful people in this world will try to keep it alive at all costs, but it just seems unsustainable in the current form. I wonder what will follow 🙂