karan.1970
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The tipping point is coming within 5 to 10 years. I do fear the consequences but empires fall and new ones replace them. But the good thing is that starving in india and pakistan will not starve any more than they are doing and those like palestinians that are suffering injustices by zionists and americans will benefit. Silver lining to the cloud I suppose.
5-10 years is too soon.. I will be surprised if it happens in next 20-25 years even.. The crisis is purely of a fiscal nature and not of net worth. The disposable assets in USA themselves are huge and they havent been even touched yet. Plus do not forget the whole deal about USA having the biggest oil reserves in the world which are not even tapped..
Also a key point missed while talking about 14 trillion dollars of US debt is that out of the 14 trillion, close to 10 trillion is held by the USA citizens themselves.. which points to bad fiscal situation of the govt but not that much of the country.. Compare it with an individual who owes 4 trillion dollars to the world and has assets worth many times that..
So while USA is in a crunch situation at this time, estimating a tipping point in 5-10 years is a little too optimistic on your part..