I am not so sure that this is a distant state of affairs that we are concerned with its happening now and in a city probably close to everyone.
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20 Cities That May Face Bankruptcy After Detroit
Khan Academy Video 3--The Elaboration Likelihood Model
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This is a year old,but very much worth the watch, regarding the world economy and sovereign debt.
AC2012 The Engtanglement KB
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Total US Debt To GDP: 105%
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...and guess what?...it will keep happening and happening and happening..but it will be ok. Just a few more years...and y'all can turn it back over to election rhetoric...and then more crisis more debt more war...until another 4yrs passes and you can amp up the elections once (yet) again...until one day...you realize....it was for naught
Christ...these threads are an exact symptom of the disease. Fun to derail....but not worth a shit