[Deathstar 80]

Deathstar.. Not to nitpick at you, but the collapse didn't happen lol.

You're right that it hasn't happened yet. However, as I said earlier, the coming economic collapse is unavoidable. It's going to eventually occur.

In post #78, I listed the three options that our country had. We've chosen option #3, where we continue spending more than we take in for revenue. This, along with "Quantitative Easing" (printing more paper money to buy our own bonds), only postpones the coming economic collapse. And this can't continue forever. If people get the idea that they will only be paid back by our country through heavily devalued money, people will refuse to let us borrow any more of their money. And the only way to prevent people from getting this idea is by cutting spending / raising taxes, which would cause an economic collapse for our country.

Our government spends more than it takes in as revenue. When people refuse to let us borrow their money, this will force our government to "live within it's means" and cut spending. This will cause an economic collapse.

Here's a good example: Just like with anyone's personal life, when you continuously spend more than you take in, you will eventually be in financial trouble and you have to eventually cut your spending. When you spend less, you go through tough times. And if you get the idea to continuously spend money by taking out a loan over and over again, eventually the bank's going to tell you, "We're not giving you any more loans. As a matter of fact, pay us back." This will force you to "live within your means" by cutting how much you spend, which will cause you to live through tough times.

Our country will eventually be forced to cut spending, whether we are willing to or not. And the moment that people refuse to let us borrow their money, our country will be forced to cut spending and we will experience an economic collapse.

... Actually, I just now thought of someone who would continuously let us borrow their money, but it's still not good for us. The Federal Reserve might continuously print more paper money in order to buy our bonds, but this would be very bad. This would devalue the money that each citizen has and, therefore, cause even more inflation. If it becomes bad enough, it's called "hyperinflation", which is possible to occur since our country has a lot of national debt. In the end, hyperinflation would leave our country in an even bigger mess than what it would've been in if we had simply chosen to cut spending / raise taxes and "live within our means".

But overall, I honestly have no idea when the coming economic collapse will occur. All we can do is prepare and hope for the best.