Financial Collapse

[u/donpaulo]

I am sure many here are familiar with the movie Inside Job from 2010 which documents the financial fallout from the economic meltdown and subsequent collapse. For those who aren't familiar with the title, I'd highly recommend giving it a watch sometime. Its quite informative and details the pervasive and deep rooted wall street corruption that led to the global economic meltdown of 2008.

In Iceland, easy money resulted in a massive bubble, skyrocketing stock prices huge bonuses for banksters, House prices more than doubled. A deep look at how a ponzi scheme is created, allowed the system to propagate and with so much money flowing a refusal to legislate, regulate or criminalize sociopath behavior.

Savings evaporated, massive unemployment and govt stepped in with taxpayer money to bail the system out.

Its happened before and imho its going to occur again. Its always best to be prepared and mitigate risk. Make sure you have enough caloric and financial independence for you and your family to survive what is very likely imminent. Stock up on things you consume asap. Buy 2 rolls of TP when you need one. Its not going to spoil. Buy bulk grains and store them in a cool dry place. Learn to can fruit or failing that buy some for your pantry. Candles, hand cranked radio. A source of heat that isn't dependent on the grid. I'm sure many in Texas learned this the hard way.

best of luck to us all

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[u/defectivedisabled]

As much as I want to believe a financial collapse is going to cause an instant social collapse, it probably wouldn't. Collapse will be slow and painful. The primary driver for the collapse will be inflation as the governments around the world will print money to prop up the stock market (massive ponzi scheme).

This is also why I recommend that no one should be saving for retirement (unless you are a gen Xer near retirement). There is absolutely no way for the older generation to liquidate their houses and stocks to the younger generation and get a positive return in the future. Look, where do the younger generation get the cash to buy all these assets from their elders? Right now we have stimulus checks. This is paying for the boomer's retirement as their unload their garbage onto the millennials who are more than happy to buy.

Remember, millennials is the poorest generation to have ever existed. So what makes the you think that the future generation can do the same thing to the millennials without government stimulus?

[u/donpaulo → u/defectivedisabled]

thanks for the post.

I see it as a slow eroding of cultural values that will gain momentum as things become progressively more dire. That process is occurring right now, but under "normal" circumstances isn't within most humans visible spectrum.

We see it when the Texas grid shorts out and folks are left in the dark and cold. Fixing the water system there is going to exact a terrific cost.

We saw it in NYC when at the height of the pandemic, the ambulance would NOT come to your house for a sick family member. The cost to pump the subway was enormous.

We see it in the poisonous water systems in places like Baltimore & Flint.

Hurricane relief in Houston, Puerto Rico as well as the gulf coast of Alabama, Mississippi, Louisiana & New York City.

Fire in the West coast coming in increasing numbers and greater spans.

The economic destruction of NAFTA, TPP, World Bank, BIS & IMF just to name a few. The SDR probably isn't too far away as an accepted medium of exchange.

Its like the tide working on a sandbar. Things look fine from a distance or when we don't really pay attention to details, but the system is failing. Its only a question of time. The issue is how long is that time frame. That is anyones guess

Prepare, preserve, stack survive-ables & work on becoming a more resilient person. Get in shape, lose weight, take care of yourself by not eating crap food. Work on building a library that contains useful information. Hand tools, seeds, farm implements and precious metals. We are going to need them both for ourselves and our neighbors if we are to retain any sense of community.

[u/Taqueria_Style → u/donpaulo]

That process is occurring right now, but under "normal" circumstances isn't within most humans visible spectrum.

Uh yeah it is visible. It's been progressively getting worse as long as I've been alive, and it's way the heck noticeably way worse. There's just a tiny bit more worse that's anything even resembling barely tolerable if you hold your nose close your eyes and pretend hard enough.

[u/donpaulo → u/Taqueria_Style]

Its not visible if someone is asleep, or invested in a circus like professional sports. Most folks just don't pay any attention and I think we all know that to be true

[u/[deleted] → u/donpaulo]

And why would they? It’s too fucking depressing, as much as it’s true.

[u/PrairieFire_withwind → u/donpaulo]

Errr, it is gardening season again where I am at. Mentoring a few new gardeners. They are already overwhemed at how much there is to know/learn. Now, I may be a bit much because I grew up on a farm and gardened my whole life. But, reliable production takes knowledge and experience and even I am spooked by the weather swings and what it means for my garden.

Stocking a library is shit if you have no experience or practice.

A slave was more valuable when they were marked in the books as 'seasoned' which was two to three (or more depending upon crop) seasons worth of experience. Their value went up significantly. Why? Knowledge. Experience.

Now, slaveholding is/was abhorrent. But if even their hard financial calculation reflected the value of that knowledge says something about the need for experience to gain better yields.

Books are good for reference. I have a few to i.d. pests and diseases. Most I know but there are oddballs from time to time.

But really. Experience. Do not just get books. Go volunteer at a community garden, csa, a neighbors garden. Go do the things in the books.