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Imminent Financial Crisis and Food Scarcity

Is it possible?

It feels like there’s been a lot more posts about sustainability and food recently than engineering, but with the various events that seem to be on a crash course collision with Planet Earth, and as such I feel justified linking to these various news sources, commentaries and blog posts.

I’ll let you make up your own mind.

The Associated Press: Key lawmakers promise fast action on bailout

Senate Banking Committee Chairman Chris Dodd says the United States may be “days away from a complete meltdown of our financial system” and Congress is working quickly to prevent that.

Sep 19, 2008 Paulson Goes All In Peter Schiff 321gold …inc …s

When the U.S. government owns all mortgages, the real estate market will be completely subject to political, rather than financial, concerns. Will foreclosures be outlawed? Will loan term easements and principal reductions become standard campaign issues?

While it is dizzying to predict how this plan will be implemented, it is fairly simple to foresee the macroeconomic consequences. The U.S. dollar will be shattered beyond repair. The government simply has no means to make good on the trillions of new liabilities.

Some scary news, and you should probably listen to/watch this.

Invest in food – not gold and silver.

“Long-term storable food”… “10-15 years”… “depression”… “investors investing in your food expecting it to double”…

In other news, reports of tent cities springing up across the country…

Growing ‘tent cities’ blamed on foreclosure crisis – CNN.com

A few tents cropped up hard by the railroad tracks, pitched by men left with nowhere to go once the emergency winter shelter closed for the summer.

Then others appeared — people who had lost their jobs to the ailing economy, or newcomers who had moved to Reno for work and discovered no one was hiring.

Within weeks, more than 150 people were living in tents big and small, barely a foot apart in a patch of dirt slated to be a parking lot for a campus of shelters Reno is building for its homeless population. Like many other cities, Reno has found itself with a “tent city” — an encampment of people who had nowhere else to go.

Doesn’t this sound strikingly like the stories we hear from the great depression?

What to Think?

Is this financial and food situation for real? What is the government not telling us? Or is this a bunch of doomsday prophesying?

If it is for real… are you ready?

HT: Survival Acres – Trillions To Be Flushed, Wiping Out Americans

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Mike Thomas

Mike Thomas P.Eng. ENV SP, is the author of UrbanWorkbench.com and Director of Engineering at the City of Revelstoke in the Interior of British Columbia, Canada. If I post something here that you find helpful as you navigate the world of engineering, planning and building communities, that’s wonderful. But when push comes to shove: This is my personal blog. The views expressed on these pages are mine alone and not those of my employer.

2 thoughts on “Imminent Financial Crisis and Food Scarcity

  1. Another quote from Survival Acres makes sense….

    You know, the smart thing to do regarding this financial bail-out for the ‘bad’ debt mortgages, is to simply give those homes to the homeowners and wipe out their debts. This makes a lot more sense then bailing out those corrupt financial institutions, which should be allowed to fail.

    I hear some banks are allowing people to stay in their foreclosed homes, but this provides a just answer to the social problem – just really difficult to administer!
    Thanks for this post.

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