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Economy
See other Economy Articles Title: We need this article! Americans that have only known the post WWII prosperity are ill equipped and educated to deal with depression level living.
Source:
EarlKIng.56 Family Blog
URL Source: https://earlking56.family.blog/2023 ... -with-depression-level-living/
Published: Jan 4, 2023
Author: Klark Barnes
Post Date: 2023-01-04 18:44:06 by Charles_Byrd
Keywords: None
Views: 286
Comments: 1
The forces are mounting that will eventually overwhelm most Americans and send their standard of living to unknown depths. Americans that have only known the post WWII prosperity are ill equipped and educated to deal with depression level living. Easy credit and instant gratification have created a nation of whining, self absorbed, entitlement minded people with no moral or mental toughness. Doug Casey believes we are headed for what he calls a super depression created by the ending of a debt super cycle. The bigger the debt cycle the bigger the depression that follows. That’s how reality works and most people are not prepared for reality. Click for Full Text! Post Comment Private Reply Ignore Thread
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#1. To: Charles_Byrd (#0)
When people suddenly wake up one morning and they have no job, their retirement is gone and they need to care for their family, what will they do? When government services have collapsed and they suddenly realize they are now living in a third world country with few government services, what will they do? When the banks are closed and only a select few connected people have any type of money or access to goods, what will they do? Ah, "connected people" with money...without security they'll likely be killed and their cash will be worthless. Real currencies will arise, namely food, fuel, ammo, medicine. It will be all the Madmax movies...rolled into one. With a heapin'-helpin' of Walking Dead and World War Z thrown in for good measure. Feudalism will once again rule. Maybe. War lords might arise around centers of protein production (beef and dairy farms), assuming the farms don't get totally destroyed first.
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