20 economic weapons of mass destruction triggering ticking Global Debt TimeBomb

[DoomandGloom]

"Retire? You can fuggetaboutit if the new Global Debt Time Bomb is detonated by any one of 20 made-in-America trigger mechanisms. "

http://www.marketwatch.com/story/our-debt-time-bomb-is-ready-to-go-ka-boom-2010-02-02?dist=beforebell

Synopsis:

1. Federal Budget Deficit Bomb.

2. U.S. Foreign Trade Bomb.

3. Weakening U.S. Dollar as Foreign Reserve Currency Bomb.

4. Cheap Money Bomb:

5. Global Real Estate Bomb.

6. Peak Oil and the Population Bomb.

7. Social Security Bomb.

8. Medicare

9. Health-care Insurance Bomb.

10. State and Local Government Budget Bombs.

11. Underfunded Corporate Pensions Bomb.

12. Consumer Debt Bomb.

13. Personal Savings Bomb.

14. War and Military Defense Deficits.

15. Homeland Insecurity Bomb.

16. Fed/Treasury Bailout Bombs.

17. Insatiable Washington Lobbyists Bombs.

18. Shadow Banking

19. Dysfunctional Two-Party Political Bomb.

20. The Coming Populous Rebellion Bombs.

[ArmaGoof]

When you list it all like that, it sure seems....um....fatal, doesn't it?    Like a person with twenty different "conditions", none of which are particularly fatal, but are altogether ultimately insurmountable.  After it finally happens, I would not be surprised to hear arguing for the next two centuries over which element was the culprit.  They are all elements of economic suicide.  Pick one.

[DoomandGloom]

When you list it all like that, it sure seems....um....fatal, doesn't it?    Like a person with twenty different "conditions", none of which are particularly fatal, but are altogether ultimately insurmountable.  After it finally happens, I would not be surprised to hear arguing for the next two centuries over which element was the culprit.  They are all elements of economic suicide.  Pick one.

Or we could make it like a gun shot and just do these:

Asteroid

Nuclear War

[ArmaGoof]

Yah, those would be cool too - a sort of WTF just hit me kind of thing, but honestly, I still have these egocentric visions of  having survived all this and having something left to work with.

[DoomandGloom]

Yah, those would be cool too - a sort of WTF just hit me kind of thing, but honestly, I still have these egocentric visions of  having survived all this and having something left to work with.

Hopefully not just ashes and rubble.

[See Live]

Wouldn't everything just cancel each other out?

[ArmaGoof]

Wouldn't everything just cancel each other out?

Ultimately, that could well be the outcome, but I think in a very literal sense.  The gears can't stay stuck forever.  With the grinding and slipping going on, the gears will start stripping and have less and less power until the entire transmission locks up solid.  Hopelessly stalled.  Literally out of gas.  Out of money and out of trust.  No effect, broken, useless.  The machine dies and casualties will be heavy, but ultimately deemed tasty with a bit of special sauce.