posted on May, 5 2008 @ 04:13 AM
The Great Depression happened to a very different world. The realities of American day-to-day life for the average person was nothing like the
prosperity we enjoy today. They were much poorer and had a much lower quality of life, but that was the status quo of the time. The vast majority
believe, regarding almost any catastrophe, that it "can't happen to them". And then it does. For us, I believe the majority of people will
genuinely believe that nobody ever saw it coming, that there were supposed to be safeguards in place, that the government will come to the rescue, and
so on. Look how that thinking turned out for the victims of 9/11, Hurricane Katrina, and other well-known catastrophes. Additionally think of all the
stories you've heard over your lifetime about the devastation of wildfires, earthquakes, floods, tornadoes, hurricanes, droughts, riots, and so on.
If anything is clear, it is that
1) such things can happen to YOU
2) safeguards routinely fail, if there any at all
3) the cavalry rides in far, far too late, if ever
and 4) arrogance, in the form of disbelief of one's own peril, is endemic these days
We have more to lose than they did and are less prepared to deal with the consequences. In the 20s and 30s, the average American had not felt the
benefits of industrialization, much of the population was still rural and suburban, without the technological benefits of the day. Major
self-sufficiency was the reality of life for most Americans.
I see the makings of a major collapse unfolding before our eyes:
The markets are already in recession, the major investment banks are relying on "injections" of capital from the Fed. Average Americans are
tightening their belts, the job market is drying up, investment capital is down, food shortages are expanding around the globe, the economic class
discrepancy is growing in the industrialized world, the US has lost its supreme superpower status in the eyes of much of the world. China and India
are touted as economic miracles, fast-tracked to prosperity, they were mismanaged at home and abroad, leaving us with barely an ounce of manufacturing
and a wildly disproportional import/export ratio. Much of China and India still live well within dire straights, as do many Americans. We also have
the bankrupting of Social Security and Medicare, the struggle to support our aging population, the global warming fiasco, the truly enormous federal
debt, the devaluation of the dollar, an endless money-pit war, and soaring commodities prices. I am not an economics guru, but if you ask me, America
is on the fast-track to a the Greater Depression.
We cannot "grow" our way out of it as we have in the past. We, evidently cannot count on the Fed to help, nor the current administration. I don't
believe the next will be much better. The impact of a collapse would trump that of the first Depression. The government, deep in the pockets of the
corporations, would not help even if it could. I am certain such an event would unfold exactly as Hitler's rise to power. Americans would permit
untold further transgressions against freedom and liberty, billed as a plan to rebuild and revitalize the economy.
Personally, I'm making preparations to leave America before the crash, for political, social, and economic reasons. I applaud Fivewords for taking
precautionary measures, as these days nearly everyone is so apathetic toward their quality of life.