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10 Signs That America Is Decomposing Right In Front Of Our Eyes
The Economic Collapse Blog ^ | 02/25/2012 | Michael Snyder

Posted on 02/26/2012 11:46:29 AM PST by SeekAndFind

The decay of society is so much harder to quantify than economic decline is. The government keeps lots of statistics on things like unemployment and inflation, but it really does not keep track of how sick and twisted people are becoming. Most of us recognize that the character of the American people has changed dramatically over the decades, but unlike the national debt, you can't easily point to a chart or a graph to show exactly how bad things are getting. In this article, my approach will be to point you to various "signs" of social decay. Signs tell us where we are at now and where we are headed. Some of the signs that I will use will be statistics while others will simply consist of anecdotal evidence. Yes, anecdotal evidence is not perfect, but when you put enough of it together it starts to paint a pretty clear picture of what is going on out there. America is becoming a truly frightening place. Our cities our decaying, thieves are becoming bolder, you never know who you can trust and everyone seems depressed. America is decomposing right in front of our eyes, and it is time that we all admitted it.

In the old days, if you met a stranger out on the streets you knew that you could almost certainly trust that person. But these days if you let your child wander one aisle over while you are shopping at Wal-Mart there is a chance that someone will try to abduct her.

Something has changed.

In our major cities, if you walk up to someone at random there is a decent chance that person will be a pervert or a sicko, and most Americans know that this is true at a gut level. Almost everyone is very leery of "strangers" these days. It has gotten to the point where we are all afraid of one another.

Just try this some time....

In a major U.S. city, walk right up to people on the street, look them in the eyes and try to introduce yourself.

What will happen when you do that?

In many instances, people will literally run away from you.

We are scared to death to interact with people that we do not know, and the reality is that those fears are way too often justified.

The character of the American people is decaying at a rapid pace, and the evidence of this is all around us.

The following are 10 signs that America is decomposing right in front of our eyes....

#1 As the economy crumbles, in many U.S. cities desperate people are increasingly resorting to violent acts in an attempt to survive. So far this year, violent crime in Washington D.C. has risen by 40 percent. Robberies at gunpoint have more than doubled compared to the same time period last year.

And as I wrote about recently, justifiable homicide in Detroit rose by a staggering 79 percent during 2011, and the rate of self-defense killings in Detroit is now 2200% above the national average.

#2 But it is not just in the cities where you will find crazies. A recent Daily Mail article described a very disturbing incident which took place recently in North Dakota. Two crack-fueled perverts abducted and murdered a 43-year-old math teacher named Sherry Arnold....

Spell and Waters had left Colorado days before the crime claiming they wanted work in eastern Montana and western North Dakota's oil fields.

After smoking crack cocaine over the entire trip, Waters allegedly told Spell the drug 'brought the devil out in him' and began talking about kidnapping and killing a female, AP reports.

After they spotted Arnold, Spell claims that Waters told him to 'grab the lady' and pull her into their Ford Explorer as she jogged by.

After they got Arnold into the car, they choked her to death and then buried her body in a shallow grave in North Dakota.

Why would anyone do something like that?

#3 Unfortunately, sickos will even be found working for the government. Just as so many of us feared, TSA workers are actually purposely selecting attractive women to go through the body scanners so that they can admire their naked bodies. The following are actual quotations from official TSA complaints....

-“I feel I was targeted by the TSA employee to go through the see-you-naked machine because I am a semi-attractive female.”

-“The screener appeared to enjoy the process of picking someone rather than doing true random screening. I felt this was inappropriate. A woman behind me was also “randomly selected.”

-“TSA staff ‘trolling’ the lines looking for people to pull out was unprofessional.”

-“I know he went to that room to see my naked body through the machine with the other guy.”

-“When I looked around, I saw that there were only women that were “told” to go through this machine. There were no men.”

One woman was recently forced to go through the body scanner three times because the TSA workers wanted to get a really good look at her "cute figure".

Isn't about time that we admitted that the TSA is a massive failure?

#4 The American people seem more depressed than ever. So are we the most depressed nation in the entire world? The U.S. has the highest percentage of women taking antidepressants of any country in the world, and kids in the U.S. are three times more likely to be prescribed antidepressants than kids in Europe are.

#5 The gang problem in the United States has never been worse. According to the FBI, the number of gang members in the United States has risen by 40 percent since 2009 and there are now a total of 1.4 million gang members living inside this country.

#6 Millions of other young people are not able to find jobs once they finish school and end up financially dependent on their parents. Today, record numbers of young adults are living at home. Many of these young people end up very disillusioned and very frustrated. Right now, more than 30 percent of all Americans in the 18 to 34 age bracket are currently living at home with their parents. That is not good news for the future of this country.

#7 All over America, criminals are becoming bolder and more desperate. The following is a report about one serial home invader from the Washington Post....

A housekeeper was tied up and sexually assaulted and a mother and teenage son were tied up during a home invasion in Bethesda early Wednesday morning that Montgomery County police say involves the same suspect as in a home invasion Tuesday in Wheaton.

As the economy gets even worse, home invasions will become even more common. You might want to learn how to defend yourself.

#8 These days thieves will steal literally anything. Each night in cities all over the nation more street lights are going out as thieves strip the copper wiring right out of them. In the San Francisco area, one very ambitious group of thieves actually swiped a copper bell that weighs 2.7 tons.

#9 One of the clearest signs that America is decomposing is the stunning decline of major cities such as Detroit. In response to my recent article about the death of Detroit, a reader identified as Bill posted the following....

Seeing what is happening to Detroit makes me want to cry AND scream.

I’m a native Detroiter myself – born in Harper Hospital on the east side & was one of those 2 million plus counted in the 1950 Census. I left Detroit in the early 70s for work reasons and had not gone back there since 1984.

When I drove through there on my way to Port Huron last September I “made a lap” around the city – got off I-75 downtown, made a loop around the downtown area (the 2 new stadiums look nice as does the RenCen) then went out Michigan Avenue to 12th and up through the 1967 Riot area to Grand River and out to the northwestern part of town where I grew up and went to school.

What a depressing trip. All my old haunts are gone, boarded up or burnt to the ground. The car dealer where I bought my first car (the old “Redford Rambler” on Grand River just west of Evergreen) is nothing but a slab. All the car dealers along the Grand River strip from Evergreen to McNicoles (6 Mile Rd.) are gone, the 16th Precinct Police Station at GR & Mc Nicholes is abandoned and the high school where my cousin graduated is all boarded up (Redford High School, across Grand River from the old police station). My old house on Lasher just north of Grand River is there but the stores in the area are all gone. One would think space aliens had come and taken all the life out of the area.

On that same article, another reader identified as "Disappointed" shared his thoughts on the decline of that once great city....

I worked in Detroit for a few years a while back. I was fascinated by the crumbling ruins, drove around to see a lot of them after work (a couple of times I drove through neighborhoods that I can tell you now I would not go near, even in the daytime). It was sad and fascinating at the same time. I would not even THINK of doing that now, it would be highly dangerous. I would not even work in Detroit now.

#10 But it isn't just Detroit that is falling apart. This kind of thing is happening all over the country. A reader identified as Golden Child recently left the following comment on my website....

Much of America is like Detroit. America is rotting from California to West Virginia to Baltimore. It’s the same song across the United States. High unemployment, falling rent and or house prices, massive police lay-offs, giant spikes in crime accompanied by a rising cost of living and fewer job opportunities. Vallejo and Oakland, California are very much like Detroit. Vallejo ranked as the ninth most miserable city in America according to Forbes. Oakland and Vallejo have laid off nearly half of their police forces. You can get an apartment in Vallejo or Oakland for $200-600 a month although the median monthly rent in California is well over a thousand dollars with Bay Area rent being generally higher. There is a reason why rent is so comparably dirt cheap in those cities. San Francisco-Oakland-Vallejo collectively make up the car-theft capital of the United States. Northern CA cities like Oakland, Richmond and Stockton are regulars on the top ten most dangerous cities in America list. Baltimore, MD is also very much like Detroit with its thousands of abandoned rowhomes, high concentration of Black poverty, drugs and violence. Camden, NJ, East St. Louis, Gary Indiana are all no different from the D. Even large sections of wealthy world class cities like DC, NYC and San Francisco are impoverished quasi-third world hellholes. Southeast DC has the highest unemployment rate of anywhere in America despite the fact that DC is the richest city and metro in America. NYC has the widest income inequality gap of any metro area. Massive swaths of NYC are dangerous towering project buildings packed with working poor minorities. SF is home to some of the most sub-standard public housing in America in neighborhoods like Hunter’s Point, Sunnydale and Potrero Hill. America has been rotting from the core since at least the 70′s.

Sadly, this is just the beginning.

As the economic decline of this nation accelerates, people are going to become much more desperate.

And desperate people do desperate things.

So where do all of you think America is headed? Please feel free to post a comment with your opinion below....

***EPILOGUE***

I wanted to post a couple of new comments from the readers. These are more firsthand examples of what life is like on the streets of America today....

---Comment By "Bean"---

This evening I had to pick my daughter up from work,a fast food restaurant in the heart of downtown Fort Wayne, Indiana. My daughter came out later than expected so I had to sit in the car for about forty minutes waiting. While waiting a man walked up to my car and reached for the door handle, thankfully I had the doors locked, he started tapping on the window, I drove off went around the block and parked again to wait for my daughter. A little while later an elderly man with a cane, who appeared to be homeless, shuffled along the sidewalk, he saw me sitting in the car and he came up and tapped on the window, fortunately at that moment my daughter came out of work so I pulled up and picked her up and we got out of town. It was creepy, this was downtown Fort Wayne, Indiana, a city with a population of around 300,000, I was shocked! I do not want my daughter coming out of work at night into this kind of environment, I will be contacting the owner of the business to let them know that it is not a safe environment for young people to have to walk to their cars after dark.

---Comment By Madsr---

My wife and I were discussing this exact thing. A young girl in our quiet Arkansas town met a local guy off the internet she ended up dead on his family farm in a 55 gal drum…..Who does this? We live in a town of 4000 where we all know each other, a man walked into a little shop 3 weeks ago and raped the woman behind the counter. My wife and I consider where we live very safe compared to most of America. Yet we never go anywhere that we are not both carrying a pistol. That is what is so different between todays depression and the great depression. Most people would not hurt or kill you for food or goods. They were more apt to suffer quietly or sneak and get a chicken. It is just the opposite today they are being told everyday they are owed food and goods. The only reason they don’t have them is because the rich have it all, so you should take it from them. I guess that makes most of us that have worked 60 hours a week for the last 25 or 30 years the rich evil people. This is not going to get better regardless of the President both sides have supported the moral decay. God help us!

*****



TOPICS: Business/Economy; Society
KEYWORDS: america; debt; decomposing; default; thecomingdarkness
Navigation: use the links below to view more comments.
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1 posted on 02/26/2012 11:46:40 AM PST by SeekAndFind
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To: SeekAndFind
"And as I wrote about recently, justifiable homicide in Detroit rose by a staggering 79 percent during 2011, and the rate of self-defense killings in Detroit is now 2200% above the national average."

Boy O Boy.

Ain't that something!

2 posted on 02/26/2012 11:52:14 AM PST by blam
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To: SeekAndFind

Agree except the fears cited at the beginning often are unfounded and are part of the problem.


3 posted on 02/26/2012 11:54:18 AM PST by Williams (Honey Badger Don't Care)
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To: SeekAndFind

Sad part of all of this is... the huge majority of Americans .. so long as they have their SmartPhones and other fun gadgetry.. simply don`t have the decomposition of this dying, once-great country on their radar screens.


4 posted on 02/26/2012 11:58:21 AM PST by ScottinVA (GOP, meet Courage... Courage, meet GOP.)
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To: SeekAndFind

Results from the absence of God and self-reliance, the presence of drugs, politics of envy and “if it feels good - do it”.


5 posted on 02/26/2012 12:05:34 PM PST by Aria ( "If we ever forget that we're one nation under God, then we will be a nation gone under.")
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To: ScottinVA

Well said. I am constantly reminded of that book “Amusing Ourselves to Death.” It’s literally true.


6 posted on 02/26/2012 12:10:00 PM PST by Paved Paradise
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7 posted on 02/26/2012 12:14:08 PM PST by Baynative (Please check this out - http://www.youtube.com/watch?v=fFIcZkEzc8I)
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To: Williams

You mean as in nostalgia ain’t what it used to be? I agree. My dad has told me stories of growing up in rural Texas, and it wasn’t all sweetness and light. Bad people then and bad people now. I guess if I had to come up with a difference, it would be that people (kids included) back then were more savvy and better equipped to handle bad situations - and expected to have to handle things. The “authorities” were few and far between, so you were on your own.


8 posted on 02/26/2012 12:16:19 PM PST by SuzyQue
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To: SeekAndFind

Not sure I agree with some of the Author’s points. Even as a kid in the 60s, I remember my parents telling me not to talk to strangers. The sickos have always been with us. You can point to horrific acts of crime and perversion in any decade. I’m sure a lot of crimes were committed in the 18th and 19th centuries, but the perps never got caught.


9 posted on 02/26/2012 12:18:14 PM PST by rbg81 (scillian's)
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To: SeekAndFind

I’ve seen it for quite a while, now.


10 posted on 02/26/2012 12:18:17 PM PST by Navy Patriot (Join the Democrats, it's not Fascism when WE do it. (plagiarized))
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To: SeekAndFind

Don’t forget the recent “Air Jordan” riots.


11 posted on 02/26/2012 12:26:37 PM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: DuncanWaring

I would buy those shoes for a 1000% profit also..


12 posted on 02/26/2012 12:33:13 PM PST by goseminoles
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To: SeekAndFind

Distrust, chaos and strife and 0bama’s plan.. Setting the stage for “CHANGE” to a National Socialist state. He’s almost there, now all he has to do is find a way to cancel the November election.


13 posted on 02/26/2012 12:33:17 PM PST by FedsRStealingOurCountryFromUs
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To: SeekAndFind

Bump


14 posted on 02/26/2012 12:35:50 PM PST by lowbridge (Rep. Dingell: "Its taken a long time.....to control the people.")
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To: SeekAndFind
Our courts oppose the righteous, and justice is nowhere to be found. Truth stumbles in the streets, and honesty has been outlawed. Yes, truth is gone, and anyone who renounces evil is attacked.
15 posted on 02/26/2012 12:39:21 PM PST by Last of the Mohicans
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To: Last of the Mohicans

Our courts oppose the righteous, and justice is nowhere to be found. Truth stumbles in the streets, and honesty has been outlawed. Yes, truth is gone, and anyone who renounces evil is attacked.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

And....A usurper continues to occupy the Red House ( Oops! “White House”).


16 posted on 02/26/2012 12:48:09 PM PST by wintertime (Reforming a government K-12 school is like reforming an abortion center.)
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To: SeekAndFind

“If the foundations be destroyed, what can the righteous do?”

Dr. James White commented on our sick society via Youtube a few days ago...

“A People Who Call Evil Good, and Good Evil”

http://www.youtube.com/watch?v=DW81eEDsRfM


17 posted on 02/26/2012 1:05:30 PM PST by .45 Long Colt
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To: SeekAndFind

I’m not too impressed with this article. I will go after each line item:

1) Maybe crime is up in DC, but it is way, way, down in New York. Seems like more of a problem with political will than a degenerating society. Overall crime, I believe is also down in the US.

2) You can AND COULD always find crackpots if you look hard enough for them. The one difference in the past was that we did usually keep them locked up and out of sight.

3) TSA only exists due to Muslims blowing up the World Trade Center. If that crime didn’t happen, then no full-body scanners.

4) People take anti-depressants because it’s, essentially, a legal high. If they were around 100 years ago, people would have taken them back then. As it was, 100 years ago, Cocaine was legal, and people used it (and that is where Coke got its name).

5) The gang problem has grown, largely, due to Hispanic gangs. The problem is border enforcement and the unwillingness to send those people back. It has nothing to do with American culture.

6) Yes, it’s hard for kids to get jobs when they get worthless degrees. Perhaps if the government got out of the way of college education (i.e., dumping money into loans and grants), as things once were, this problem would largely go away. It also hasn’t helped to have no-fault divorce give women the right to walk away with a piggy bank. No man in his right mind would marry a girl with an American-mindset.

7) Criminals are getting meaner. No, criminals were ALWAYS MEAN, but the Internet lets us find out about it.

8) Thieves steal what has value to them. Right now, due to the fact that China (and India) are growing like mad, copper is worth a lot of money due to demand competition. If plumbing were made of gold 100 years ago, I challenge anyone to say that their homes would have been safe from strippers back then.

9) Cities decline when they don’t serve a purpose anymore. The UAW drove automobile production out of the United States, and Detroit (and similar cities) pay for that. Expecting things to not change is unreasonable. The large cities in Texas (and the rest of the South) were much, much, smaller when Detroit was big. So could we say that things got better, or at least broke even, in the past 60 years?

10) The specific example of cities going broke has more to do with bankers being unregulated, which should NEVER be allowed to happen (hence the real estate crash), than with any overall decline of the quality of America. The cities did what they always did, they spent the money they collected in taxes and didn’t save up for a bad day. No different than what happened in the Great Depression.

Have a nice day.


18 posted on 02/26/2012 2:00:57 PM PST by BobL (I don't care about his past - Santorum will BRING THE FIGHT to Obama)
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To: SeekAndFind; All
It's not all doom and gloom. Don't let these sensationalism stories get you down.

Conservatism is growing every year(more people proclaim themselves as conservatives).

Teenage pregnancies are dropping to 1970's lows, kids in HS are having less sex also going back to 1970's levels, violent crime is way down per capita.

24/7 news media and the internet push the most salacious stories for their daily piece of the 15 minute fame pie.

Lots of great people out there in the good old US of A. Most young kids are decent people.

19 posted on 02/26/2012 2:03:32 PM PST by trailhkr1
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To: trailhkr1
It's not all doom and gloom. Don't let these sensationalism stories get you down.

Especially from a blog pimping economic collapse for monetary gain. Have not gone to the site but I bet they are pushing gold and crisis garden seeds.

20 posted on 02/26/2012 2:05:21 PM PST by trailhkr1
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To: BobL

You said it with facts. Great job. See my 2 post above.


21 posted on 02/26/2012 2:06:56 PM PST by trailhkr1
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To: Baynative

Here’s your America. Any questions?


22 posted on 02/26/2012 2:14:13 PM PST by Obadiah (Why do they put Braille dots on the keypad of the drive-up ATMs?)
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To: BobL
4) People take anti-depressants because it’s, essentially, a legal high

B.S. No euphoria associated with SSRIs, tricyclics or others. Sometimes I wish there was. I've personally been on both sides -- Assistant Psychologist and patient.

23 posted on 02/26/2012 2:22:16 PM PST by steve86 (Acerbic by nature, not nurture (Could be worst in 40 years))
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To: BobL

Crime is down in many cities because they refuse to report them. Nashville is a good example, where the official policy is to under report crime to make it seem safer Anyone who really believes that crime has gone away is deluded.


24 posted on 02/26/2012 2:23:42 PM PST by packrat35 (When will we admit we are now almost a police state?)
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To: SeekAndFind

Liberals like it this way. It makes it much easier for them to control people.


25 posted on 02/26/2012 2:29:40 PM PST by TBP (Obama lies, Granny dies.)
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To: SuzyQue

I mean people’s fear of what will happen is vastly exaggerated. The author says if “you” (meaning the average person) introduce yourself to a city dweller they will flee. Then the author says their fears are justified. Well, they aren’t. People have become wimps, happened a long time ago.


26 posted on 02/26/2012 2:40:27 PM PST by Williams (Honey Badger Don't Care)
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To: SeekAndFind

Too much time in the virtual world of the internet and gaming to spend time worrying about or fixing things in the real world.

Escapism.


27 posted on 02/26/2012 2:40:50 PM PST by Secret Agent Man (I'd like to tell you, but then I'd have to kill you.)
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To: Williams

Yeah, I think we said roughly the same thing, just differently...:)


28 posted on 02/26/2012 2:47:26 PM PST by SuzyQue
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To: packrat35

“Crime is down in many cities because they refuse to report them. Nashville is a good example, where the official policy is to under report crime to make it seem safer Anyone who really believes that crime has gone away is deluded.”

Yea, but it’s hard not to report murders...


29 posted on 02/26/2012 2:53:26 PM PST by BobL (I don't care about his past - Santorum will BRING THE FIGHT to Obama)
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To: SeekAndFind

America was a vital, industrious and prosperous civilization before the United States, and America will once again be a vital, industrious and prosperous civilization after the Washington government is altered or abolished.

Bank on it. All of our problems are artificial, and are the result of corrupted reason and diminished liberty.


30 posted on 02/26/2012 2:53:49 PM PST by Psalm 144 (Voodoo Republicans: Don't read their lips; but watch their hands!)
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To: steve86

“B.S. No euphoria associated with SSRIs, tricyclics or others. Sometimes I wish there was. I’ve personally been on both sides — Assistant Psychologist and patient. “

I would say there is euphoria, relative to the alternative. In the past people had to suck it up, even when it shattered their lives - they had no choice.


31 posted on 02/26/2012 2:56:55 PM PST by BobL (I don't care about his past - Santorum will BRING THE FIGHT to Obama)
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To: BobL

You also need to take into account people’s changing behaviours.

Let’s say there’s a neighbourhood where people get mugged a lot by the ruling gangs. If people stop going there, the muggings will drop and statistics will say the neighbourhood is safer. Of course, in reality the same gangs are still there and it is just as dangerous a place to visit. Statistics alone often don’t tell the real tale of societal collapse.


32 posted on 02/26/2012 3:21:35 PM PST by LastNorwegian
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To: Aria

That started with Clinton.


33 posted on 02/26/2012 3:22:00 PM PST by angcat (NEW YORK YANKEES!)
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To: BobL

re: #5

American “culture” is the market for what the Hispanic gangs are selling.


34 posted on 02/26/2012 3:35:05 PM PST by Aria ( "If we ever forget that we're one nation under God, then we will be a nation gone under.")
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To: SeekAndFind
On Gas, Cars And Bernanke ($5 Gas, Anything Can Happen)
35 posted on 02/26/2012 3:36:59 PM PST by blam
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To: trailhkr1

i checked the site out and you are exactly right. They’re selling freeze dried food, water filters, a book called Harbinger, etc.


36 posted on 02/26/2012 3:38:28 PM PST by Aria ( "If we ever forget that we're one nation under God, then we will be a nation gone under.")
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To: LastNorwegian

“If people stop going there, the muggings will drop and statistics will say the neighbourhood is safer. “

Yes, stuff like that happens on micro-scale. But this article talks about the country as a whole. So go here and have a look:

http://en.wikipedia.org/wiki/Crime_in_the_United_States


37 posted on 02/26/2012 4:04:06 PM PST by BobL (I don't care about his past - Santorum will BRING THE FIGHT to Obama)
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To: Aria

“American “culture” is the market for what the Hispanic gangs are selling.”

But we had the same thing. Before Hispanics moved in, blacks owned it, and before that the Mafia owned it...all the way back to prohibition.


38 posted on 02/26/2012 4:05:23 PM PST by BobL (I don't care about his past - Santorum will BRING THE FIGHT to Obama)
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To: Aria

“I checked the site out and you are exactly right. They’re selling freeze dried food, water filters, a book called Harbinger, etc.”

Yea, these people are definitely not a disinterested party, yet many of us have been and are still saying that, based on our budget trajectory, we MUST collapse. Obviously no one knows when.

My recommendation is to do what I did yesterday and make sure you have a reasonable amount of supplies. In my case, it was Sam’s Club. But Costco sells doomsday kits. No reason to spend 5 times as much to buy from these clowns.


39 posted on 02/26/2012 4:09:09 PM PST by BobL (I don't care about his past - Santorum will BRING THE FIGHT to Obama)
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To: SuzyQue

I partially agree with the author; it’s getting dangerous out there.

However, I remember stories told by my parents who grew up in the 1920s and Great Depression:

My mother grew up in a small town in Central Texas. There was a motel where traveling salesmen stayed. The owners of the motel allowed the salesmen to have sex with their 13 y/o daughter who was retarded. They did it to make more money from renting the rooms.

Mom also told me there was a fair amount of wife beating and child abuse going on.

An immigrant German farmer let the local black people, who were close to starvation, glean food from his fields after he harvested. The KKK showed up at midnight and shot him at his front door. The bullet went through him and hit his daughter.

We have appalling problems today, but I have faith in the American people. Our country will stumble, fall, argue about the causes, and, ultimately, muddle through.


40 posted on 02/26/2012 4:18:51 PM PST by darth
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To: trailhkr1

“You said it with facts. Great job. See my 2 post above.”

But don’t get me wrong. We’re adding a trillion dollars plus to our debt every year - at some point (sooner, rather than later), we MUST crash. Just like any person, city, state, or company doing the same.

My point is that it won’t be gradual decay. In fact a gradual decay is what should have been allowed to happen, starting in 2000. Instead we printed money to delay the day of reckoning (and make it far, far, worse). No, instead, the crash will be sudden, as in minutes and hours. One day we will wake up and find ourselves having a bank holiday, which means you cannot cash checks, you cannot use ATM cards, you cannot use debit or credit cards. It’s anyone’s guess how long the holiday lasts. For a short time, cash will be the only thing of value. For a very short time, those that have cash will be able to buy gasoline, food, and other supplies. Others will be out of luck. Then cash will quickly lose its value once people realize that the root cause of our collapse is that the dollar is worthless. At that point everyone is frozen in with what they have on hand (or maybe what they can barter for, but that’s more fantasy than reality). Eventually, we adjust to our much, much, poorer country, just as happened in Argentina.

Sorry to be so depressing, but this country is nowhere near ready to address our structural deficit. Even half of the old people on this site will not give up a penny of their Social Security. One can only imagine the luck we’ll have trying to get the more liberal 90% of the country to do the same.


41 posted on 02/26/2012 4:22:09 PM PST by BobL (I don't care about his past - Santorum will BRING THE FIGHT to Obama)
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To: darth

I didn’t know you were a fellow central Texan. Nice to “meet” you.


42 posted on 02/26/2012 4:23:56 PM PST by SuzyQue
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To: darth
Times of disruption, dislocation and want bring out the worst in some, and the best in others. It's always been so, throughout recorded history. Societies with a strong moral foundation weather any storm better than those without, that's an historical truism as well.

We are not yet totally depraved, there are more than just pockets of order and decency. Some areas will fare far better than others as a result.

43 posted on 02/26/2012 4:46:08 PM PST by RegulatorCountry
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To: trailhkr1
Teenage pregnancies are dropping to 1970's lows, kids in HS are having less sex also going back to 1970's levels

The first statement does not prove the second. What is the current teen abortion rate?

44 posted on 02/26/2012 4:58:28 PM PST by j_tull ("I may make you feel, but I can't make you think.")
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To: BobL

I think there is more acceptance of drugs than there used to be....i.e. look, you too can be just as screwed up as a Hollywood superstar....or as screwed up as your next door neighbor.

I remember when being a druggie was a huge stigma. And I can’t defend the mafia, of course, and not that I was there, but seems to me those times were not as horrendous as what we’re dealing with now.


45 posted on 02/26/2012 7:37:40 PM PST by Aria ( "If we ever forget that we're one nation under God, then we will be a nation gone under.")
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To: BobL; All
10. We don't need more banking government regulations but less.

Plus just the federal government has 17 trillion in debt: thanks for nothing Obama.

120 trillion in unfunded liabilities.

Obama borrows trillions from china so Americans can buy China products and Americans and local governments borrow more in credit cards etc. Gas will be $5 soon . yeah nothing is wrong (sarcasm).

We have massive unsustainable debt so that the dollars we borrow are basically paper IOUS and that's all we are producing damn IOUS.

You ‘d think you'd be better off is someone kept lending you 100,000 $ every year too . Yeah you'd live off that debt and buy many china gadgets with that debt. That's what the U.S. is doing living off debt . that will lead to collapse because we don't produce even the things we use only IOUs.

46 posted on 02/27/2012 9:45:45 AM PST by rurgan (Make all laws have an expiration date of 3 years. too many laws is the problem)
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To: rurgan

“10. We don’t need more banking government regulations but less.”

In a perfect world, yes. In the real world, no. Bankers are simply UNABLE to control themselves when it comes to lending other people’s money. It’s sad but true, and goes back to biblical times. I’m all for a free economy, except when it concerns bankers.

The crap that led up to 2008 was no different than the crap that led up to 1929. In both cases bankers lent money that they knew full-well would not get paid back unless property value increases continued to double the rate of inflation, FOREVER. And no, there were no regulations to speak of on bankers in the 1929. In 2008, yes, they were being pushed to lend money to deadbeats, but did they complain about it and speak up. Hell no!!! They just rolled in the dough, knowing that it would all collapse.


47 posted on 02/28/2012 8:44:31 PM PST by BobL (I don't care about his past - Santorum will BRING THE FIGHT to Obama)
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To: BobL; All

Mebbe - but here’s a slightly different take on bankers. Bankers operate on a spread, and the spread is usually related to risk. I don’t think bankers like to lose money, and, like most people, they will jump at the opportunity to make easy money, provided the risk is minimal.

I still believe that the sub-prime market was created by the CRA and dramatically increased when Fannie Mae and Freddie Mac lowered their loan purchasing standard. I seem to recall they used to require 20% minimum down on a mortgage before they would buy it; after 1999, that number went down, at least to 3%, and they started buying no-documentation loans, also.

“Privatize the gain, socialize the loss” - bankers had every incentive to write larger and larger loans, knowing that Uncle Sam would buy the loan and take the default risk off the banks’ books.

I do think the bankers and the real estate industry made the problem exponentially worse by collateralizing the loans as they broke the tie that existed between the mortgage and the mortgagee into numerous parts and sold them off, making it nearly impossible to establish clear title when it comes time to sell the house...

YMMV


48 posted on 02/29/2012 7:27:01 PM PST by bt_dooftlook (Democrats - the party of Amnesty, Abortion, and Adolescence)
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To: BobL

I don’t believe Oakland has laid off half of its police dept. Will try to find out.


49 posted on 02/29/2012 7:36:00 PM PST by GSWarrior
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To: bt_dooftlook

““Privatize the gain, socialize the loss” - bankers had every incentive to write larger and larger loans, knowing that Uncle Sam would buy the loan and take the default risk off the banks’ books.

I do think the bankers and the real estate industry made the problem exponentially worse by collateralizing the loans as they broke the tie that existed between the mortgage and the mortgagee into numerous parts and sold them off, making it nearly impossible to establish clear title when it comes time to sell the house...”

Yea, we’re pretty much in synch. The bankers still have their bonuses and mansions (and are not in jail, where they belong) - they didn’t have any skin in the game thanks to government insurance, and then a bunch of TOTAL IDIOTS that were willing to take over their worthless loans.


50 posted on 02/29/2012 8:14:31 PM PST by BobL (I don't care about his past - Santorum will BRING THE FIGHT to Obama)
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