I agree 100% with your ideas and think that the ultimate failure will come as you alluded to,
the dollar will collapse with any raise in interest rates which will make the US debt a burden
that no amount of government intervention will solve.http://www.youtube.com/watch?v=xnnajAVs ... re=related
The Us has crushing debt that takes about ~17% of US Budget now with interest rates at
near record lows,if rates rise to 6% you almost double the US debt service which is not
This is an interesting clock which has time periods day,week etc that tracks many things
in the world including US debt,world population,tons of coal,even amount of livestock produced.
In the birth/death clock you will see the world population growing at a rate over twice
the deaths,which will eventually over stress all world resources including the amount of
capital available to service the US debt,especially at the low current rates.All countries
with available capital will invest that in resources not debt of a floundering country.
China has been buying oil reserves in Brazil,Canada,and other countries,Russia bought the largest
bituminous miner in central PA,China is trying to buy a huge coal producer in Australia,
and the list goes on and on.
Maybe I got off track but this is the way I see the world going in the future.