Defaulting banks - where will it stop?

[Peter Lemkin]

With the markets for US dollar denominated debt (both domestically and internationally) in crisis, further pressure will be exerted on the Treasury to slash (civilian) public expenditure to the bone, exact user fees for public services and sell off public assets, including State infrastructure and institutions. In all likelihood, this crisis is leading us to the privatization of the State, where activities hitherto under government jurisdiction will be transferred into private hands.

Given the level of privitazation already done before this Big Mother-of-all Collapses began....such as prisons, military/army [Blackwater/Xe], military services [Halliburton], etc., et al., ad nauseum - can't 'ya just wait for the Private Fire Dept (sorry we had to let your house burn, you weren't paid-up); Private Library (book rentals at competative prices); Private Police (you're under arrest/dead for not paying your protection fees); all roads toll-roads; and one can go on.....and on...until there is nothing left of a country - yours or mine.....just Big Companies and a few ultra-rich, the rest are slaves de facto. It could all happen in the blink of an eye....say 4-5 years.....

....to answer the question the thread poses, more and more I think the sad, sad answer is IT WON'T STOP - until there simply are no more funds, economy, life-as-we-knew-it before......short of a complete 'about-face' beyond where most can even imagine, let alone dare plan for.......and head there - a there, so far from 'here' as day is from night. The answer is out there - always has been. Few can even imagine it. I feel no groundswell taking us there.....sadly.

...we are really getting into desperate terra incognito. Sadly, this is not a nightmare, but the surreal thing! I'm not surprised, at all, we have arrived 'here', but I must say the speed at which we did has left the Planet with whiplash and a concussion.

I admit, I've always been somewhat of a pessimist, having seen a tad too clearly the human condition and past; now I have to invent a new term - hyperultrapessimisto, or some such.