I'm not terribly concerned about an economic collapse. It's like nuclear war .... nobody is going to start tossing bombs around because the consequences are too terrible to contemplate. The big boys know that if that happens it's game over for their political career and their POWER.

Same / same for the big dawgs if the global economy is allowed to collapse. They will likely do everything in their power to avoid something like that.



That said: We officially went into economic recession over the winter of 2007-2008. As nearly as i can tell, conditions on the ground haven't changed much since then. Across the board ... the standard of living continues to drop.

We may be well into the deflationary phase of the recession now but they won't announce that till all of the government figures have come in.