dolanbaker wrote:I think that the economy is in for a fast crash as it's becoming increasingly clear that infinite growth is no longer sustainable and the debts that future growth was supposed to deal with, will never be repaid.
How that will play out, I don't really know, except the fact that I don't expect pensions to perform in the future.
It may well be that debt based money is replaced by government issued "debt free" currency.
Civilisation in general I expect to have a much slower decline as it will ride the slope down under a different economic model. Without a change of financial management the crash will be hard!
There is a very long way to decline before the people of the west have to worry about food security for example.
AgentR11 wrote:Thing to keep in mind, Emergency Management people pull their hair out just trying to get people to keep three days worth of food in their pantries and a few gallons of liquid in their fridges.
AgentR11 wrote:Basic definition for myself, relies on the what happens to the grid. If it just goes urp and they can't get it back up for more than just emergency & systemic loads; that's a fast crash;
babystrangeloop wrote:All that in just seven years. To me that is a pretty fast crash
Outcast_Searcher wrote: you WILL get old and WILL need savings.
AgentR11 wrote:Basic definition for myself, relies on the what happens to the grid. If it just goes urp and they can't get it back up for more than just emergency & systemic loads; that's a fast crash;
Fair enough. But unless we have an outlier (IMO) event like a giant solar flare that wipes out a substantial part of the grid in one whack -- I don't understand WHAT would make the grid "go urp" and not be able to be brought back up.
americandream wrote:dolanbaker wrote:I think that the economy is in for a fast crash as it's becoming increasingly clear that infinite growth is no longer sustainable and the debts that future growth was supposed to deal with, will never be repaid.
How that will play out, I don't really know, except the fact that I don't expect pensions to perform in the future.
It may well be that debt based money is replaced by government issued "debt free" currency.
Civilisation in general I expect to have a much slower decline as it will ride the slope down under a different economic model. Without a change of financial management the crash will be hard!
There is a very long way to decline before the people of the west have to worry about food security for example.
Re my emphasis above, and given that the Western food model is profit, oil and imports based, how did you figure that one out. When the world decouples as in the West breaks from its traditional predatorial relationship with the rest of the world (and a break with China will usher that period in), the labour force in the West will have been so depradated by then, that there will be a global upswelling of revulsion to capitalism. However, there will be no crash WITHOUT that decoupling. Just more poverty for the workers and middle class in the West as they fall in line with the rest of the world's wage earners.
dolanbaker wrote:I think that the economy is in for a fast crash as it's becoming increasingly clear that infinite growth is no longer sustainable and the debts that future growth was supposed to deal with, will never be repaid.
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