I figure this is the really big shoe that hasn’t dropped yet.
The United States has gotten away with some unsound economic policies for over 25 years because other countries believe our nationally economy is fundamentally sound and we’re always a safe investment. So we’ve always been able to borrow money overseas and the dollar, while fluxuating, has always been relatively strong.
What happens if the world takes a look at our current economic problems and says “uh oh” and decides it would be prudent to pull its money out of the United States until things are better. In my opinion, that would be the real crash. If we lost easy access to global money, we’d have the BIG depression.