New York Times article.
Short term borrowing on long term debt and the annual interest payment is 2,333 bucks a year per capita. Not too bad if your family of four is bringing in 250,000 a year, but the other 95% ain’t going to find that very easy to pony up . When the tax bill starts looking like the vig from a payday loan joint or a credit card company’s interest rate the jig is up for the Treasury. And you just can’t goon on 100 million debtors. Look at how banks are simply putting off foreclosures to get an idea of what institutional “fuck it” looks like.
Just like more and more people are figuring out that a closet full of toilet paper is better than having money in a bank the rest of the world is coming to grips that US currency is truly worthless and is beginning to shop elsewhere. Where I have been looking at the whole thing wrongly is focusing on that silly bit about the US consuming a 1/4 of the worlds energy, resources etc and that the world depends upon us buying shit to stay afloat. Like if we stopped buying Chinese stuff China would fall harder than we would. So ponder the ramifications of the rest of the world saying “no more stuff for dollars”.
Guess what? The US gets no oil, resources, manufactured goods, baubles or trinkets. The Saudis say we’ll trade this boatload of oil for a boatload of Chinese or Indian steel. A container ship full of Japanese made electronics for a backhaul of Canadian lumber. See, the US doesn’t have any oil or steel, Ipods or natural resources… just dollars, so if you throw dollars out of the world economic equation the oil steel and etc keeps its value and trade can continue. We just get left out of the loop, that’s all.
It’s currency collapse that’s going to be the wrecking ball on our economy, setting up a huge migration of people going back “home” if they have one, another block of folks hunkering down as best they can, the usual suspects (with swelled numbers) going ape shit Viking, and whatever’s left over lumbering towards the relief camps. Some big city riots to keep the media and the sheeple viewers entertained. Just in time for the ‘12 presidential election circus to make something other than food in the pie hole seem important. Answers the question of why the Republicans keep Sarah “Moose Knuckle” Palin on the back burner – nothing like a total political party power shift to make the formerly middle class masses think they have a shot in getting it all back again.
Yep. Groked it. It’s all too clear now.
Which brings me to me once again, which is all I’m really concerned about. Yeah, I’ll demonstrate some token concern for my fellow man via yammering on about Thunder BucketsTM and Rocket Stoves, a smattering of organic grower’s wisdom etc, but me and mine rate a hell of a lot higher than them and theirs. (notice I left “you” out of course, my loyal readers, bwahahaha). I am home. Hunkering down has been a way of life for some time now. The Mad Max’ers are in far distant cities, proximity decreasing as dinosaur juice gets harder to come by in direct correlation to the depth of collapse. In other words, when it’s time to go marauding gas for the Monster Truck of Death will be the hardest thing to come up with and no self respecting MZB will be caught dead in a Chevy Volt. The grid is probably down anyway. I should plant an extra half acre of turnips and kale so’s the folks dragging their way to the FEMA camp at Fort Crowder can be given a meal.
Looking bad and looking good all at the same time. Decreasing options can be a blessing in disguise. Get your ass home now or dig up the yard. The other two options aren’t much to write home about.