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Nor will the USA likely be spared a similar fate, given the stupidity, the entrenched corruption and the deliberately misled popular opinion here as well. Indeed, it is looking more and more likely that the Koch brothers and their hirelings in the "Tea Party" movement may provoke a default unless Obama and the Congressional Democrats completely surrender, or even if they do. The Kochs have their assets privately held and concentrated in fossil fuels and food and may feel they will "win" if they blow up Wall Street in a Cowboy triumph. But Orlov is right in that a collapse of finance will be much more dire this time than in the 1930s, so I will get back to building my garden fence, etc. "It is not necessary to have hope in order to persevere."
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