Posted on 02/09/2012 5:55:20 PM PST by blam
I think one to five is a good guess. The are, of course, many variables, one of which is how long the EU can hold out and what effect that would have on us if they go first. If we go, everybody goes.
A prediction?
Once the wheels come off(1-5 years), American Socialism will vanish as quickly as Soviet Communism - mere months will pass before natural human society renews itself by throwing off the socialist burdens.
Who knows what shape the future will take, but socialism is doomed, in the US no less than elsewhere. The illusion that the state can create a better society through the gifting of public goods to the population will be broken.
I figured your question was rhetorical because there is no way to know when the wheels will come off. There is one camp that thinks it will be sudden and abrupt - like a run on banks. There is another camp that thinks we are the frog in a pot of warming water and it’s boiling.
There are too many variables.
As long as our bonds sell in the world market we can coast along increasing our debt until nobody will buy it.
As long as the dollar is the world currency everyone has a vested interest in our economic survival until an alternative is found.
etc etc.
We all agree that this level of government spending is unsustainable and the projections are frightening. Remember this, the calculations they base their estimates on assume a level of economic growth based on past years when the economy was much more healthy. The reality is that we are sinking faster than ever with government expenditures going through the roof. Remember the debt ceiling crisis and debate? Do the research on how long raising the ceiling was supposed to buy us..... we have reached it again. The proposed savings to pay for the debt increase were projected over 10 years assuming good economic performance.
When it happens is anyone’s best guess. I just know that there is no stomach for shared sacrifice in this country anymore and no true leadership because anyone who tells the truth will be replaced with someone who gives people what they want.
I would urge you and yours to start preparing now and don’t worry about a date because anyone that answers is giving you a guess.....
You mean the one we're in now? The government is spending almost twice what our revenues are and the Fed is having to make up 90% of that shortfall because no one is buying our bonds.
There will be many events that occur or markers to point at as the world economies spiral down to some level far below our current standard of living.
Better questions might be where will the bottom be and when. As far as cannibalism, I don't think we'll have to worry about that until maybe next winter. :)
” - - - The only question is, how long do we have? “
The answer is up until the moment that the National Debt Bubble bursts, if present conditions continue.
There is no conspiracy; the “Euro-Americans” are doing the same as Europeans, refusing to sacrifice for a next generation (the soul of socialism) then whining when they are surrounded by Third World imports brought in to stave off a declining population (a la Japan). Rather than reaping what they sowed when they’re 90 years old (or gone), they are seeing the fruit of their actions when they are 30 or 40 years old instead.
As long as a new car is more important than a new baby, there is no hope for them demographically. My children attend schools where at least half of the children have parents born elsewhere (as is their mother/my wife), and frankly I’d rather they be in that family-oriented environment than the yuppie type where their classmates have no siblings or progressive single mothers.
In a January 24, 2011 interview, Sen. Santorum said the United States is in need of more foreign workers. “I do think we need more people coming to this nation who want to be Americans to grow this economy. You want to fix the Social Security problem? Let’s have more workers producing and helping out the situation.... For me, I’m willing to allow increased immigration to this country...”
“It’s hard to put together a cogent explanation for it being a conspiracy. Who in a collective sense, over the period of 5 decades or so, would benefit from it?”
The beneficiaries are those who need an increasing population for their “industry”; retailers, the housing market, the government service providers (teachers, cops, etc.) - they all need “customers” (regardless of those customers’ means to pay - they’ll take it from others instead). What would happen to public school teachers as a population ages and flees their costs? Schools would close, and many infantile people with no marketable skills would be off the government dole and out of “work”. They’ll have class sizes of 5 students each before they let that happen, unless someone like Governor Christie comes in and forces the layoffs for financial reasons (no money left to pay them, and limiting how much they can suck from the taxpayers). Here in NJ we’ve also had mass layoffs of policemen, and in most cases they were in areas where Americans had conceded whole neighborhoods/cities to illegal aliens (read: non-taxpayers); for years they kept those police forces staffed on the backs of state taxpayers, but again, the money is gone, and our governor has capped how much they can screw us out of.
Most of these cops and teachers will have to look for work in other states; those fields won’t be hiring in significant numbers for decades in NJ, and they have no transferrable skills to contibute in our dwindling private sector (which has been ravaged by the previous decades of paying for these cops and teachers).
Something like this, perhaps.
later read
Here is a previously posted article by Selco:
A Survival Q & A: Living Through SHTF In The Middle Of A War Zone
Placemark
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