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I am yet another person that thinks of economics as ‘the dismal science.’ It makes few testable predictions, and the serious folks in the field are drowned out by shills who are told to support business as usual. Alfred Nobel never thought to attach his name to a prize in the field of economics-it was shoehorned in by a bunch of banks during the ’20s, if memory serves.
The amount of money out there is controlled by a few people. Those people and a few more decide if most of the money is stored or spent. It looks to me like the money supply is growing exponentially, and it also looks to me like many big players are sitting on much of the newly created money at present. If true, then we could have very fast changes in the value of money if a few people change their actions. What will they do? I don’t know, and increasingly don’t care.
What I do know is that there are more and more people on this planet, and that means that essentials will become increasingly harder to afford. It matters very little to me if the price of McMansions, SUVs, and electronics decline in price faster than the price of food (and, until recently, energy) increases, because I cannot live without food and some sources of energy. So, in my humble opinion, forget the pieces of paper with dead politicians’ faces printed on them. Make sure that you can get essential goods in the future, even if you have to grow your own food and purify your own water. An unsustainable system must break at some point unless it is changed first, and it looks to me like the unsustainable economic system is being propped up as it breaks. Don’t depend upon this unsustainable system any more than you have to.
Firstly, I would like to thank Chris Martenson for this site, and I’d also like to thank those who try to share info here. No matter what happens in the future, your first step should be to gather info in order to make informed decisions. I’ve learned much on this site!
I have been thinking about this kind of stuff for awhile, and have been trying to gather info. One place I hang out is http://www.wtdwtshtf.com (What To Do When The Sh!t Hits The Fan). You will see that I’ve been advertizing The Crash Course there for some time! I hope the info there is useful to some folks.