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.
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.
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.
“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…
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?