Cuban Silver Lining
"If" is not the question as to what will happen with the economy. All the experts disagree on is the timing of the event. I believe we are bolting out of the starting gate right now. But the two main variables are people's perception of how close the end is at any given time and how much more money will the central bank pump into the economy to delay that moment of reckoning. As in the 1970s the price structure of our needs are fluctuating wildly. When the world decides they've had enough and cut their loses our credit based consumption will screech to a halt. There will be a number of business failure and job layoffs.
There is a very quick way out of this mess though. I will work backwards in time. The government will save and even earn billions of dollars, an explosion of economic activity would occur in the United States of America while the 130 countries around the world where the people there hate us and burn old glory would see a large decline in their economies. Bring the troops home from overseas ending U.S. taxpayer defense of these other countries as well as sell off what ever practical from these 300 bases and remove the billions worth of military personnel economic spending from these foreign lands so our economy would grow. Remember after WWII there was an enormous economic boom. That was because of all the economic activity caused by the returning soldiers. Exporting our jobs overseas would be more expensive because those nations would need to pay for their own defense and would no longer be tax havens. Millions of volunteers from the Liberty Corps would be swinging hammers, painting, cleaning, etc. to bring hope for the restoration of the American dream. Elect Ron Paul.
So you see amigos. There is a silver lining. No matter what happens the economy is going down hard and taking the Castro regime down with it - probably in a gruesome spectacle of death for the top commies. Plus, exiles in Florida have a chance to elect the only man who can turn this economy around on a dime and return us to prosperity. The man's an economic genius!