18 Months Left? Alasdair Macleod Warns of Fiat Currency Collapse
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18 months?
That would be around March, after the general election?
That sounds like a good bet.
That would be around March, after the general election?
That sounds like a good bet.
IMHO...barring a nuclear strike, the collapse is gonna be slo-o-ooooowwww....
Like the destruction of civilized society up to now. There was never one day where we woke up, and the streets were chaos, and filled with vagrants, and people were all driving their cars high. There was never a day when suddenly everyone started living far beyond their means...and they had no savings because suddenly, the money-printing accelerated to where inflation was twice what any savings tool paid.
There was never a day when suddenly the schools rolled out a cirriculum teaching white kids to hate themselves for the Original Sin of Race-Issm; where first graders were taught anal penetration and sodomy, and deviants asked for and got access to them, to read to them (and other activities).
It happened gradually.
This will happen gradually, too. Rome's fall was slow, until the city was sacked...and even then, the world was slow to recognize the new reality.
Like the destruction of civilized society up to now. There was never one day where we woke up, and the streets were chaos, and filled with vagrants, and people were all driving their cars high. There was never a day when suddenly everyone started living far beyond their means...and they had no savings because suddenly, the money-printing accelerated to where inflation was twice what any savings tool paid.
There was never a day when suddenly the schools rolled out a cirriculum teaching white kids to hate themselves for the Original Sin of Race-Issm; where first graders were taught anal penetration and sodomy, and deviants asked for and got access to them, to read to them (and other activities).
It happened gradually.
This will happen gradually, too. Rome's fall was slow, until the city was sacked...and even then, the world was slow to recognize the new reality.
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I had an interesting conversation with a young adult the other day. He was working the computer and television section at our local Walmart and I was looking for an I-Pod. He explained that they don't sell them any longer and that all the new devices require you to stream your music or get it from an app. I explained that I already own the CD's - that I wanted to burn them onto my computer and then rip the songs to the device like I used to do with my I-Pod.
He then said something to me that struck me as profound coming from one so young (25ish). He said that we were in the final throws of a currency collapse and that all corporations were desperately scrambling for every last dime before the music stops. I guess I didn't expect that coming from that quarter.
He then said something to me that struck me as profound coming from one so young (25ish). He said that we were in the final throws of a currency collapse and that all corporations were desperately scrambling for every last dime before the music stops. I guess I didn't expect that coming from that quarter.
When the day comes that we can no longer sell long bonds, it'll go a lot quicker. We already need to roll over 10+ trillion per year. We get much more of our long term debt rolled over into short term debt, it'll get a lot harder to keep rolling it over.
We're doing the equivalent of making house payments on a credit card. There's a finite number of months one can do that.
Only hope of fixing it (read: buy more time by kicking the can some more) is with gains in productivity.
My vote is, slow.
Of course, I make no guarantees. And I know nothing, other than some history.
Of course, I make no guarantees. And I know nothing, other than some history.
Yeah, the subscription model.
iLearned this about the iPod, long time ago. You really have to search now, and I think it's only new-old stock being sold.
And it's getting harder to get MP3 files. AND, my Eww Tube stripper, to steal audio...was just "updated" to stop working with Rumble, which is a better source than Gurgle Tube.
It gets worse. You can't even buy a GPS device for your car, now, that doesn't have to pair with your phone. Well, I can still read maps - I suppose the next step is to BAN MAPS.
This Hellscape society cannot crash soon enough.
It's the same as goin' broke. It happens slowly, then all at once. Close to the very end, it goes fast.