"... the system will have to break down catastrophically before anything effective can be done. I really hope I am wrong on this one."

She can really, really, really hope, but it won't change the fact that she's right.

Remember those guys we used to see on The Ed Sullivan show, the ones who would get 20 or 30 plates spinning on sticks, one at a time, and by the end of the act they were running back and forth barely able to reach the ones that were wobbling and about to fall?

The issue from where I stand looks to be what it has always been, that the way the big boys resolve the tight spots they put themselves and the rest of us in, is to wipe out the people at the bottom.