OK - Lets say the worst case economic scenario happens [View All]

[TwixVoy]

Let's say that within the next 1-3 years the "worst case" economic scenario occurs in the United States. Perhaps it is prompted by Russia and China managing to cause the dollar to lose its reserve status. Perhaps it happens because nothing is actually done to try to solve the underlying problems and the solution continues to be "Let's try another bail out package and write the banks a check. Warm up the printing presses". Who knows what will happen.

But let's say 1-3 years from now we are looking at great deperession level unemployment. Consumption is simply NOT possible. Most people can not afford Ipods and the next neat little toy manufactured from Asia. The banks have eliminated most peoples credit cards. People can not spend on money they don't actually have. Many people have run out of unemployment benefits and can not afford shelter/food. Many states and the fed gov have eliminated programs designed to help people like food stamps simply because the states are broke.

What happens in your opinion? How do Americans take it?

Do people riot?

Do people sit at home and watch TV by and large and wait it out for years?

Does crime sky rocket?

Does someone start world war 3?

My personal feeling is that we see a HUGE increase in crime. Particularly theft and fraud. I do see the possibility of the powers that be trying to start a major war with the hidden motive of trying to bring us out of it that way. I see a major increase in police in highly populated areas. They will not be friendly.

Maybe I have too negative an opinion of people, but I do NOT see Americans working together to try to solve the situation should this scenario occur. ESPECIALLY in the southern states. I predict there will be a surge in right wing hate groups and they will target hispanics, GLBT people, immigrants, etc and blame them for all our problems. (notice they are already slowly doing this more and more)

I think it will get ugly.