[Hoot Gibson]

Would you guys mind if you replied to my last post? I know that it's just been a few hours since I typed this last post, but I was just curious about what you guys thought about these sources. Also, I wanted to quickly make sure that these sources were saying what I thought they were saying (just in case).

Sorry, Deathstar, but I was going to respond later after following your links. I've been busy researching some equipment and just have not had time to spend on much else. I will try to respond later in more detail. I also am already convinced that our economy is headed for a collapse, so I don't get too enthused over articles that would simply reinforce my belief.

Interest rates will begin to climb rapidly at some point. If the US defaults on its debt, then it would spook investors, which would hit Wall Street hard. Short of a default, as our national debt rises it will become increasingly difficult to obtain financing for it. Interest rates on bonds will skyrocket and politicians will want to raise taxes instead of cutting spending to pay for the extra interest burden.

This country is not immune to the laws of supply and demand and history has many examples of countries undermining the value of their own currency until it becomes worthless. That is where we are headed. When wheelbarrows replace wallets, the government will probably start considering drastic measures.