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Page added on July 23, 2012
The Economic Collapse For Dummies
If last week’s 74-page all-encompassing thesis on “how ‘everything’ is interconnected and headed for ‘complete systemic disintegration'” is a little too much, here is a 10 minute clip that ties together all the loose ends of the reality bubbling just beneath the veneer of hope that so many call our markets. A spectacular gathering of all things bearish that provides everything you wanted to know about the inevitability of a major economic collapse but were afraid to ask: a little too doom and gloomish perhaps, but sadly that does not make it improbable, especially in the current environment where the central planners keep doing the same over and over, hoping that just once “this time will be different.” From demographic trends, over-leveraging, corporate profit extremes, deflationary impacts, and hyperinflationary reflexivity- there’s a little here for everyone on a warm Saturday afternoon.
4 Comments on "The Economic Collapse For Dummies"
BillT on Mon, 23rd Jul 2012 1:25 am
We are still in the ‘Crash’. The vid only compacts all of the logic seen on many sites recently. The spending cycles are more real than the hype from Wall Street. Economists that do not look at the whole picture are just blowing in the wind. Finances and energy are interlocked, and rely on each other totally. The pain has only just begun.
The politicians are caught between the debt wall and the force of older voters and will do nothing until it all collapses and then it will be Martial Law and Dictatorship. As long as there is a Democracy and elected representatives who are afraid to cut the military and the social benefits and raise taxes, nothing will be done.
Get out of debt, own some land where you can raise food, buy some gold and silver coins, stock up on food and hand tools, and prepare for a different America.
Sauron on Mon, 23rd Jul 2012 10:50 am
This video is bullshit, it has many lies and a few truths.
Stephen on Mon, 23rd Jul 2012 12:08 pm
I think that even gold and silver have their limits too, as they are finite resources. What I think will happen is that I think Generations Y and Z will have to “think outside the box” about how the economy is run. I suspect that Martial Law will be political suicide. As to how much austerity we will experience in government services, that will depend on how much tax we will all want to pay. I do think a government debt default is likely. We may have to think beyond wall street and focus on building a quality life with the remaining resources, and put main street as higher priority than wall street profits, and make it so people don’t lose everything when they default on debts. We would stop focusing on endless economic growth, and instead focus on the type of life people want at home, and put our economy in a steady state, and one that is localized.
Arthur on Mon, 23rd Jul 2012 4:28 pm
And then there is the possibility of a Greek bankruptcy in August/September. IMF and Germany sceptical about the willingness/ability of the Greek government to deliver on what was agreed upon earlier in return for more support. Could trigger a sort of Lehman effect.