Prometheus 6

When the inevitable correction comes, who do you think gets pushed off the ladder of economic advancement first?

Tribulation is nigh!

Americans beware. I most certainly am sounding like an alarmist, but for good reason, given that I believe that the next economic depression is nigh. I think one of the latest signs is the lobbying by banks to reform bankruptcy so that banks and creditors can cease assets as the economic decline is nigh. Currently, consumers can have some of the assets protected by filling for bankruptcy. For anyone who studies history and economics, crashes in economies is almost always related banks slowing the increase in the supply of money and the coming depression will be no different.

It's also one reason I may well take Publicola up on his offer of weapons training. People do NOT behave well when they think they're losing everything. I don't want anyone hurt...but the first anyone I don't want hurt are my peoples.

And the real problem is that people think the problem is real.

Basically any economic system...capitalism, socialism, communism...is a justification to pretend you already have what you think you're going to have. And any system, economic or otherwise, will end. It's just the nature of things.

The political entity "United States of America" survived its several economic collapses by the simple expedient of deciding it would.

The whole damn banking system could collapse, and not one factory would disappear, not one worker would lose her skills. The vast amount of work done by the WPA, the interstate highway system, the subsidized art and literature all during a time of economic collapse is proof things can and will get done because it needs to, and the economic justification will be made whenever.

But because people base their entire world view things that are entirely conceptual (like "an economy", the transition to reality...as temporary as I am convinced it will be...will be wrenchingly painful to many.