As friends and family begin to get it, and they begin to become better situated to bear the possibilities of consequences of a government suffering a serious crisis of legitimacy and all that implies, I get asked quite a bit what it will be like. Thats the $65,000 question right there yes Sir. My reply/advice, is your looking at it, a slow self destruction of the ruling elites, as they hack away at the tree of liberty, and increasingly must devote more resources, money and treason to survive their illegitimacy. With the possibility of a sudden implosion along political and or economic lines. An suddenly “unexpected” in the general sense collapse of major components of civilization as we are normally accustomed to. If anything can be called “normal” that is. There seem to be many economic problems arising out of that same oligarchy’s incredible malice and wonton disregard for fixing what they have created.
Economic SHTF is what I believe will precipitate many other aspects of truly dynamic changes and tribulations us dirt people will be facing. Ol’ Remus as he oft says, has a few words for you. A rational brief essay, posted verbatim from the always top shelf The Woodpile Report. in words far more succinct and worthy than I could hope to express:
“Imagine a deflation so severe, so catastrophic and long-lasting, with so many banks collapsing that cash all but ceased to circulate. Imagine towns and cities so desperate for physical currency they printed their own . Imagine cash having measurably more buying power with each passing week. Imagine half of all banks closing their doors forever. Imagine surviving banks making a dependable and risk-free real profit from money they didn’t lend. This was the Depression, and it lasted for about a decade.
Before the Crash of 1929 there had been pullbacks, in 1923 and again in 1926, significant but short, each lasting a year, each followed by greater expansion than before. Soon everything that wasn’t agriculture became a bubble. It’s understandable, everything was new—radio, paved highways, movies with sound, refrigerators, air travel and skyscrapers—it was the dawning of a new era with an incandescently bright future.
The forward looking would be the foremost citizens of this new era, which meant buying in. And buy in they did. Mortgages, car loans, time payments—and for 16% of the population, stocks on margin.
If the crash was unimaginable, the follow-on catastrophe was unthinkable. The economy immediately contracted in one memorable spasm. In mere weeks the future went from daydreams of opulent splendor to a search for lost change in the couch cushions. The middle class became the poor, the poor became the destitute. Then it got worse. The gross national product declined by a third. Trust in government and finance crumbled away. Populism ran the table. Regime change was in the air.
Today a dark consensus is forming of a similar debacle, probably in the fourth quarter, possibly sooner. The evidence is compelling: record highs in the stock market supported by inflation* and bubbles and the Plunge Protection Team, a Shiller price-earnings ratio at 29x, negative returns for the bottom 250 of the SP500, accelerating consumer and retail bankruptcies. Major crimes on Wall Street and in DC go uninvestigated, trust in government and finance is in the single digits, unsold new and used cars are constipating the pipeline, real unemployment is far above official numbers, and the middle class is tapped out.
It’s a given the stock exchanges will crash. Beneath the financial highway lies an ever-growing sinkhole and one day the market will be overweight enough to crash through. Price discovery will have been served at last. The prudent are thinking past it to second order events, where the demons live.
More photos from the Crash of ’29 will appear in upcoming Woodpile Reports.
* Inflation since 1929 is 1,330%. This gives an idea of how severe a runaway deflation could be. Using 1929 as the base, if we squeezed the accumulated inflation out of it, a twenty dollar bill would be worth $286 in purchasing power.” -Ol’ Remus
I believe if Remus’ forecast comes to pass, there are a phenomenal number of American’s without resources and capabilities to overcome the loss of “normality” an economic depression would bring. A portion of this number will most likely become desperate and feral, turn to violence as a means to procure materiel and other resources.
An interesting event took place up on the WV mountain ridge here in rural dirt people country that may shed light on the potential for feral outsourcing of resources. A couple of gentleman from many hundreds of miles away approached a number of neighbors who operate 150 acre mountain top farms, with vague offers of “leasing” land for military training. Little open genuine information was provided about these two gentleman, who claimed to be current .mill solders, though they took it upon themselves without so much as a please or may we, to take many photographs and GPS co-ordinates on my neighbors land.
To say something wasn’t right about these two actors is being polite. We all got together to discuss what these gents asked and revealed about themselves and intentions, and our observations led to the possibility they where on a scouting mission, reconnoitering possible targets in the advent of TSHTF, which they could then “acquire” and run operations from, with all that “acquire” implies.
So here are two examples of possible happenings which could take place which are cautionary and prudent to consider in your planning and preperations.
You can not have enough tribe and community in these times, in fact, because so many of us have lost tribe and community activity and thinking, it is probably the single most prudent thing you can practice and embrace fully into way of life and living. I say this from 1st hand knowledge. To know and live this provides a level of so many aspects of security and strength, it simply can not be assailed negatively in any way shape or form.
there are a lot of dirt people all around, who share similar concerns and are looking for the same answers. Get out there, make friends, share your wisdoms and knowledge. Build community, build tangible things, don’t just plan for SHTF, live and thrive provincially and adopt agrarian thinking and practice. It puts one far ahead of the curve. That learning curve will be very steep without it.