Economist: civilization may not survive "death spiral"

[blkfish92]

haxxiy said:

blkfish92 said:
Can the economy declare bankruptcy?

The United States escaped default twice, which technically qualifies as such for a sovereign state, by unbounding the dollar to any intrinsic value, opened the way for a huge ammount of money who shouldn't really be worth anything and that's precisely what is causing a large part of the problem right now. By avoiding economic depression it probably laid the seeds of something far worse.

Well SHIET