Delving back into the mists of time to the late 1990’s and the millennialist scare of the collapse of the society because of the computer quirk of the turning of the century internal calendar, we had many people stocking, food, water, money, gold, and other things in anticipation of the worst. When January 1, 2000 came and went and nary a plane fell from the skies, most of the preppers were laughed at.
Yet, though the social, economic, and technological fabric didn’t disappear overnight, certainly the economic outlook was not the rosiest. Largely through smoke and mirrors the powers that be made everything look vibrant and healthy. Below the surface, however, the economy was certainly sick with a dire prognosis. Most of the populous did not see it because many key indicators were manipulated, such as, the inflation index which had removed the cost of energy from its parameters. This was a clear deception meant to fool the great unwashed from noticing the real condition of the economy and keep them in the game of musical chairs of the apparent booming real estate and financial markets going for a while longer. It largely worked because most folks didn’t realize that the seeds of a market collapse were already sown and it was only a matter of time before the inevitable failure happened. The ruse was essentially successful because the obvious failure didn’t happen until 2007 and 2008. Since that time we’ve seen, once again, a largely engineered collapse that was designed to be a “soft landing” as the global economy grinds to a halt. “Soft”, however, is a relative term, for instance, the folks in steerage in the belly of the Titanic certainly experienced the worst on impact with the iceberg, while those in the luxury staterooms knew something was amiss but were temporarily shielded from harm. Eventually all were affected by the impact.
So it is with the economy! While the Millennialists were right to prepare, their reasons to do so were misplaced. For those who have been students of the global economic structure since the mid-1970s, when misguided social and economic programs were implemented, it was only a matter of time before the chickens came home to roost. As I was taught by parents who lived through The Great Depression, there is no such thing as a free lunch; sooner or later somebody has to pay the tab. Unfortunately, most of the political and economic leaders of the time were aware of this, but they chose to simply kick the can down the road for the next generation to handle. Well, I here to tell ya’ that time has come since the turn of the century. There is no more kickin’ the can further along. The tab is due and hardship will follow in its wake.
If you heeded the advice I’ve long given in CRS since 2007 you will be somewhat cushioned from the impact of the collapse; if not, well… to put it into an old German saying: what you don’t have in your head, you pay for with your back.
Here is a web citation which corroborates all that I’ve said above:
A Glimpse into the Coming Collapse
Richard of Danbury, D.S.G