“America Will Be Dismembered By Its Creditors”( Don’t Miss This One, Kiddies…)
Dmitry Orlov, author of Reinventing Collapse, says that the U.S. will be unrecognizable in ten years. In his most recent interview with WMNF Tampa he outlines the five stages of collapse:
First you have financial collapse, which is basically the volume of debt that has to be taken on in order for the economy to continue functioning, cannot continue. We’re seeing that right now in Greece, we’re probably going to see that in Japan, we’re definitely at a point now in the United States where even if you raised the income tax to 100 percent, there’s absolutely no way of covering the liabilities of the U.S. federal government. So, we’re at that point now but the workout of the financial collapse is not all quite there. We don’t quite have a worthless currency but that’s in the works.