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State collapse is inevitable when a society’s leaders are insulated from the negative consequences of their bad decisions.

Mike Shelby

Economic Vigilance

The oil crisis has already exploded and the world’s reserves are depleted. Two more weeks or two more months are not accurately reflecting the true crisis: we are past the point of no return to a functional world economy. The world’s economies and distribution lines will take time to recover whenever this Israeli driven war ends. And that makes an assumption that most governments will recover.

While it is pointless to speculate how this crisis ends, let’s consider a best case scenario. The AI bubble has been exposed as a Ponzi scheme which will collapse the stock market. And banks. And the technology sector.

This is inevitable: the US debt will shortly breach the $40 trillion mark. Most Western nations are in the same economic situation. Oil is just one of many catalysts but it will be the scapegoat for the worldwide depression.

Couple economic collapse with massive civil unrest and governments will be falling quickly. It looks like French style revolutions are back on the menu. And as I said, that is a best case scenario.

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David DeGerolamo

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7 responses to “Economic Vigilance”

  1. Lineman Avatar
    Lineman

    It looks like French style revolutions are back on the menu. And as I said, that is a best case scenario.

    A lot of people including our side must not really believe that though because if they did they would damn sure be doing something different with the way they live…

    Reply
    1. Big Ruckus D Avatar
      Big Ruckus D

      While I agree (and I’ve made/continue to make preps I can afford and reasonably pull off given limitations of time and energy to do ever more beyond my normal daily responsibilities). I think most people are so overwhelmed by (or woefully uniformed of) the notion of societal collapse (if they entertain thoughts of it at all) that they really just don’t know what to do, or where to start.

      And realistically, a relatively limited percentage of the total population will ever be in a position to prepare and situate themselves accordingly, including the ability to willfully locate in an AO that is better conducive to their survival in a crash and burn scenario. That’s precisely why events like these are so cataclysmic, because the majority of the population isn’t – and can’t really be – properly ready for them. So, the masses will be decimated by the reality they either didn’t know how to address, or which they simply denied would ever come.

      Reply
      1. Lineman Avatar
        Lineman

        Amen on that Brother but at least I can say I tried to warn and help them but very few answered the call but they are very thankful they did and always tell me they wish they were up there sooner…

        Reply
      2. TakeAHardLook Avatar
        TakeAHardLook

        Normalcy Bias is a real thing, BRD. I know, because some of my tribe (who might otherwise have been considered reliable in the coming troubles) are so contemptuous of my preps and security-mindedness that I cannot count on them to cover my six (or theirs).

        Yet, I know full well that if a grid-down or martial law event occurs, they will come crawling to my home for food, shelter and to wipe their crap-covered asses.

        At that point it will need to be determined if even one of these losers should gain entrance.

        My gut says “no.” Hell, no! They would open my door to their brethren when I’m asleep and I’d be in deep kimchee soon after.

        Hard days, hard choices. Lawn ornaments a’plenty, I’m afraid.

        Reply
        1. Big Ruckus D Avatar
          Big Ruckus D

          The way some people around me behaved and conducted themselves during COVID was quite informative, and chase me to reassess the trustworthiness and reliability of several individuals. So yes, I get it.

          Reply
          1. Roth Harbard Avatar
            Roth Harbard

            Amen. The ones who wore the mask are unreliable. My own sister was a COVIDian. Wore the mask, took the shot, preached compliance to family, friends, and on social media resulting in our not speaking for a long while. That said, I’m not expecting her to admit she was wrong, regardless of the evidence to that effect. Failure to recognize she was wrong likely means she learned nothing. Some, though, did learn from the experience, but I fear many would line up for the cattle cars if so instructed. We need to exercise discernment in who we take into our confidence and who we allow ‘in’ when the balloon goes up.

          2. PatriotMa Avatar
            PatriotMa

            Yep, that entire experience was a lesson in human nature and the reaction to fear. It also told me that many people are indeed genuinely stupid and are no longer capable of thinking for themselves. Critical thinking skills are absent from many.

            There are some very difficult times coming for sure and I think many just don’t believe really bad “depression-like” events will happen in the good ol’ USA.

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