>>>If everyones broke, then no ones broke<<<
Aye, but there’s the rub.
When I’m broke, I still have a pretty good store of useful items and tools that I purchased before I was broke. I built a root cellar. I have several greenhouses (essential here in Alaska). I have rifles and ammo. I have a boat with good paddles, and so forth. My broke looks a lot different than the guy whose broke consists of nothing more than that hazy feeling you get after a night of beer and bong hits.
Then the real crisis begins. Do I share my potatoes with all my neighbors, therefore starving both myself and them, or do I feed my family and let the others starve? Up here, out in the Alaska Bush, I can tell you that the wildlife would be slaughtered in a frenzy, which would last one season, since despite what you see on Animal Planet, Alaska’s fish and game is widely scattered and scarce even in good years. (I already live with people who consider the fish and game to be “theirs,” and “they” would feel quite righteous for a while taking what is “theirs” at the start of a crisis.)
What I’m saying is that there are different degrees of broke. What I think you’re pointing out is that we’d all be equally desperate.
God help us.
Brilliant post and thanks for making it and educating me about Alaska in ways I didn’t know before.
I guess my point (what I was thinking not what I wrote!) was more in the
realm of governments - i.e. if every government goes broke. But of course that is not a complete rebuttal of your point - far from it.
Much of this stuff goes back to the eternal question “what is money” - something that sounds easy but actually isn’t.
I guess I’m maybe saying that while things are undoubtedly going to get worse before they get better (I don’t think I’m crawling too far out on a limb in saying that :) ) - that doesn’t necessarily have to equate to TEOTWAWKI - the end of the world as we know it.
After all the numbers and all the graphs are I think based on fiat currency which is how debts are measured. You owe me so many euros. I owe someone else so many dollars. They owe chinese yuan or what have you. Something tells me that somewhere hidden in this whole sorry mess is a reset button - I don’t know what that button looks like or who gets to press it or what pandora’s box that will open. But just because too many balance sheets are flashing red and the red is dominated in fiat currency - doesn’t necessarily mean that we’ve reached the end of the line. Maybe.
We have forgotten that some mothers will even eat their children if desperate enough, but the faithful born again seed of the Lord Jesus will not beg bread for themselves, to God be the thanks and glory. But the US needs a Joseph.