It has ALREADY hit the fan. It will NOT be evenly distributed!
Just as many never recognized the Great Depression in advance, or when it was happening (only in retrospect, in that infamous 20/20 hindsight, did the clear picture emerge).
Being Mr. Optimist, I think that we are seeing transforming and historic change right now:
ZERO CHANCE.
- There is ZERO chance that things will return to quite the way they were "before"...some of you wanted "change" and ALL of us got it! The Republicans and the Democrats can share the blame, but we can look forward to a lower standard of living and a future filled with "less" thanks to them both. It will never be "normal" again.
20% CHANCE, SUDDEN MAJOR COLLAPSE.
- There is enough of a chance of this happening I would not rule it out. Some 'tipping point' causes a reaction in the global economic/financial system shutting down capitol flows. Our just-in-time society will be wrecked. Food and fuel distribution will be the most immediate problems. I hate to think of the mid-term to long-term problems. When I do, I think of it as an economic "nuclear" winter.
80% CHANCE - STEPS DOWNWARD.
- I think this is what we are seeing now, a downward series of steps...moments of seeming calm and normality and rumors of recovery punctuated by rapid and sudden market plunges. - Lower highs and higher lows in the markets.
- In future, think of food scarcity and riots (you thought gas shortages and price hikes were fun? Wait until everyone is really hungry and cranky!).
- One day there is low awareness of food scarcity, the next day shortages and riots along with price hikes, then order is restored but prices do not quite return to where they were before and the public is alert and ready for the next iteration.
Monday, 31 August 2009
Hitting the Fan...........from Rico
From Theo Spark at 13:00
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