“If and when the big poop hits the fan…” That is the million-dollar(no pun intended) question. We could end up like Japan, which has been operating with 100% debt-GDP ratio for years. Or, we could end up like Argentina, with private retirement accounts confiscated, high crime rates in the cities, but still a functioning country. Scenarios like in Rawles’ PATRIOTS are entertaining and sobering. They sell a lot of books. But just how realistic is Obamageddon?How realistic is it? Which country are we more like? Japan is culturally pretty homogeneous; I've even heard them referred to as xenophobic. They are inveterate savers (although not so much lately), and because of their cultural "closeness" are more inclined to do things for the good of the country. Personally, I'm surprised they haven't had a currency collapse since the quake/tsunami which really knocked them back on their heels. I know the Yen has been close to collapse several times, but intervention has kept it from happening.
No, I think we're currently more like Argentina. They have a charismatic Marxist president just like we do, Cristina Fernandez de Kirchener - whom Surviving in Argentina host Ferfal refers to as "she who shall not be named". Their anti-discrimination laws have been expanded to include saying bad things about the government. Remind anyone of John Kerry? Crime is rampant, but if you should defend yourself, it's ordinarily portrayed as the rich vs. poor. Sound familiar? Inflation is raging, the government is a corrupt thugocracy that would be right at home in Chicago. They've confiscated retirement accounts and shut down internet sites - if they make Cristina look bad.
No, in my book, we're more like Argentina, and I expect an Argentina-like economic collapse. Ferfal says the same things about a US collapse (and more here). I suspect our riots will be much worse than Argentina because of the 50 years of stoking the class warfare ideas in the inner cities. You can thank the Great Society, social welfare programs and the work of Cloward-Piven fans for that.
Ultimately, like I said over on WSRA, you pays your money and you takes your chances. If we go through a long period of economic stagnation like Japan has, that would be easier to live through - uncomfortable, but better than the alternative. If it goes Argentina on us, life will be harder, more brutish, nastier. In neither case is it a total collapse like Patriots; you won't be stacking bodies of mutant zombie bikers in your front yard, but you may have to bribe the local LEO to get out of a bogus traffic stop. If you do have to defend yourself physically, you'll probably have to defend yourself in court. And no one can rip you to pieces like the legal system can.