If you would like to set up a comfortable chair at a window overlooking the street, you will have a front row view of the whole process. It is happening RIGHT NOW and everything will just keep getting more exciting as they print more money to buy their way out of debt. You can tell your grandchildren all about it - if you can afford to have grandchildren!!!!
Some would say it has already. Never before have we even had close to this much debt. And it is still growing with no sign of slowing down! And any payments that are made back on the debt to the various lenders (china being number 3) do not even handle the interest owed. Yet alone scratch the actual amount owed.