Over the last several years I have read many of Mr. Roberts' posts on matters political and economic (and I have also read his book). He is a good, sober thinker and writer, and has a pretty good take on where we are, as a nation, and how we got there. I take him seriously.
If the long-term consequences are as severe as he foresees -- then indeed the S has already started to H T F.
Here is the link to his article.
My personal guess is that we will see a more-or-less managed down-slide in the economy in the next few weeks and months, rather than outright financial disintegration, as we move into a long and hard Second Depression. But I could certainly be wrong about that. Some sort of rapid disintegration, some "black swan" event, might be in the cards.
I have mentioned something about this myself. Here and here. Happy 12th anniversary of the 9/11 Lie, America. Day after tomorrow.