when it happens
October 6, 2008, 12:55 pm
In case you all hadn't noticed, the world is falling apart. I posted here back on September 11th, 2007 that the finance world was going to fall apart. ("for those of you that don't pay attention to the world of finance") http://crucial-systems.com/218950/For_those_of_you_that_don_t_pay_attentio...
The reason I fled New York was that I could see quite clearly that the wheels were going to come off that wagon and the US may very well collapse into chaos. Alarmist, yes. That's what alarms are for.
The solid truth is that the financial markets always precede the real economy and things will be changing soon.
As of this weekend the "commercial paper" market has "frozen up". This means that the circulatory system of the united states - the credit system that companies use to keep factories going and shipping happening is not working. Nobody wants to loan money to anybody else. That means Cardiac arrest
You may not like corporations and banks, but we live in their world. Expect some severe dislocations. It might even be fun for the likes of us. But it won't be easy. Personally, I'm trying not to stress .... and failing at that.
It is entirely possible that food supplies will from time to time get interrupted. I'm serious. You may not think you buy things from corporations (you hipster you), but you live in the modern world and you are not isolated.
In the midst of the largest destruction of wealth in history (albeit fictitious fiat currency wealth), savy investors keep well ahead of the game.
Hmmmmm. Now what could those clever and immoral stock traders be thinking would happen that would boost the outlook for Cambell Soup ? Investing in pitch forks and torches might also be wise. The peasants will buying those in size.
Yep, and you too should have a stockpile of canned good, beans, all that good stuff so that you can survive any interruptions that may or may not happen.
"Supermarkets not going to have enough food. when it happens. The great equalizer is coming." - rastabomba
(update: damn, even cambell got killed a few days later. this really is Armageddon)
It may not happen this year, it may not happen ever, but don't freeze up in fear, don't be stupid and not prepare.
Not preparing is stupid. Preparing and then it not happening is fine. Then you just have a bunch shit in the pantry. Whatever.
Oh, and buy camo. Its always cool to sit around the apartment wearing camo. Makes you feel manly.
New Yorkers : 20% of the city income came from Wall Street investment banks. They are gone. All of them. All the other financial institutions are reporting losses, everybody is reporting losses. That means they don't pay taxes. That means NYC is bankrupt.
Expect serious cut backs. On the plus side, many of those hedge fund douche bags may move back to their stupid dorfs. Oh and that means restaurant income in New York is going to nose dive. Deflation in the city might happen as people drop their prices because they are desperate for business.
With all those abandoned shopping malls we may have an excellent free party and rave culture in the US. But sadly, the kids will probably just stay at home and make crappy emo videos and post it on youtube.
As we all know, the US is not designed to operate without cars and a corporate retail based supply chain. If globalization breaks down, the US can't get enough imports to support the lifestyle to which it is accustomed.
Berlin - I can be poor in Berlin and enjoy it. Hell, the place looks cool with all these old buildings. We could fall into ruin and disrepair and it would still be an awesome city. It would still look nicer than it did in 1945. We will have the most awesome soup kitchens with cabbages and potatoes and stuff organized by cute Finish girls.
Personally I don't really like money, or people with money.
-
Ermenio :
October 9th, 2008 at 20:10
I'm with you. In a way it's good to see all this hellish greed exposed but the fuckers are always ahead of the game and in the end normal folks are the ones who suffer. Shit! Peace
