According to James Carville, a "Democratic Strategist," it may not be long until the United States sees civil unrest. I highly doubt QE-3, QE-4, QE-5, QE-6, will help -- It will all be more like the original Titanic.
This is not about the flow of credit, so much as a loss of manufacturing productivity, coupled with a loss resources. That's where we are today, like it or not. Can we get more oil? Sure. But it won't be like before; it won't be CHEAP oil.
If you think civil unrest and riots are bad, just wait until the police are not getting paid by bankrupt state, local and federal governments. I have no doubt this will happen within a couple of years.
PS: Democratic Strategist. Is that a career they discussed at your university placement office? LOL!
The Police should already NOT BE GETTING PAID! Let people fend for themselves. As far as Carville's assertion, that's just common sense if you're paying attention.
dink65 9 months ago