Please go read Shenandoah's latest post.Key graf:
So let us review the near future:
1. Little chance of a recovery in the Residential real estate market.
2. Jobs growth, if any, will keep the “official” rate above 10% for U-3 and well above 20% in the U-6 category.
3. Small business is hunkering down because they do not trust one damned soul in government.
4. Tax policy could break the back of the economy but few care because 54% of the population gets a government hand out of some sort.
Damn.
We’re toast.
Yep, we're screwed, there's gonna be a fight, let's win. I couldn't say it better, so I hope you don't mind my little plagiarism.
ReplyDeleteYes we are. There is still a lot of fat on the bone so it is going to take awhile I think.
ReplyDeleteKeep in mind that there won't be a single safe place to go, only degrees of safety.
ReplyDeleteA small town able to be in someway self sufficient will be safer in the middle of nowhere than same small town inbetween the middle of nowhere and places where there will be thousands, probably millions of slowly starving hapless 'murikans.
Only hope of mitigating this is through urban patriots showing some leadership and forming underground alliances to grow food either in microplots or using a hydroponic setup, setting up underground economies emphasizing on the basic of survival. Even so a lot of Americans not used to hard labor are going to be scavanging or picking fields for food and enough SCRIPT-not federal reserve notes-or some alternate form of currency to keep themselves under some kind of roof. Or squat.
At the same time, the beast isn't going to just let Americans cobble together some form of existence, even a shantytown existence outside of their control forever.