The Fifty Year Depression, Beginning NOW!
Posted: Monday, August 16, 2010
by e
Dhammabucha Rocksprings Meditation
It becomes clearer every day - a looming disaster so devastating that humanity will be hard pressed for decades, if ever, to return to what we economically, socially, and religiously consider the norm.
The bottom is about to fall out, and there will be no recovery from the Black Swan that soon, maybe today or tomorrow, will swoop down unexpectedly, unmercifully, swiftly, as our world is turned upside down.
The fear in the overworked and underpaid employee's faces in the retail establishments that at one time were our entertainment, but now have become our nemesis as we have no money to spend but still have the wistful desires.
The bankers who know the end is coming but continue down their road of illusion like a heavy freight train with it's brakes locked and sparks flying. No longer are banks helping to build businesses or factories, but use their funds to gamble on Wall Street with derivatives, where traders playing with computers make 400 times as much as an honest tradesman.
Banks that are currently holding the bag on trillions of dollars of worthless investments, all being hidden by themselves and the government by dishonestly evaluating their assets. And when more and more Americans, who are now at a real unemployment figure of 23% and rising fast, begin defaulting on their present loans, the banks will be failing at a rate unprecedented in our history.
Have the excesses in society blown right past you? Have you not stopped for just a moment and asked why it is that corporate fat cats, Wall Street gamblers, actors, football and baseball players all earn millions, billions, while families have every able-bodied member working like slaves to scrimp and save, but lose their homes and health insurance anyway? This is all happening on borrowed money. America has burned through its credits cards, and not only that, but has lost its job with no prospect of another one. America is living off its unemployment insurance right now (printing money), and that can only last so long before hyperinflation wipes out the country.
Since Nixon abolished the gold standard, which supported our dollar, we have lived off of credit instead of real economic advancement. It's as if a family quit their jobs and began living off of credit cards. This has been going on for 40 years, and has now reached the point of no return.
The point of no return means that nothing we can do will stop the impending disaster for the Western world. Asian countries will fare better, but not much better as they now rely heavily on Western trade that will disappear. All the credit that we so glibly used up will now have to be paid back, and this will kill us for decades.
The government can do nothing now but print money; there is no other solution. And this is not a solution, only a harbinger of a worthless dollar as more and more dollars are printed. To earn $100,000 takes a worker a long time. The government can print $100,000 in seconds. You figure out why we will soon go down in flames. America's assets, which have been acquired by credit, are now worthless.
We can blame many things, from Nixon's retreat from the gold standard, to Wall Street's casino mentality, to the Republican Party's misguided insistence that deficits aren't important as long as they result from tax cuts, to the Republicans pitting working man against working man to divert attention, via a culture war centered around the flag, bibles and guns. from the economic collapse of the middle class
We can blain the politicians from both parties for exacerbating this illusion of wealth based on credit, and we can blame ourselves as well for our overspending in consumer indulgences. But blame or no blame, the karma that we have self-indulgently made for ourselves is about to bite us in the behind - big time.
Do what you can to get ready. Assume the Black Swan hits tomorrow, or next week. Will you be ready? Are your savings safe? Is your house paid off and do you live in a state such as Florida where your home cannot be taken from you due to debt? If you do not have a home or a place to stay, if you don't have a job or money, do you have good friends that can help you? Because the government will be tapped out - local, state, and federal.
This will be serious. No more games or plan "Bs" This will be about survival at its basest level.
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More commentsYou are a wise man, no doubt, E and as you know, the immanent essence of who we truly are, have asked for what we hold in order to acheive what we need. Keep up your reflections for they aid many.Such a kind and wise comment. Thank you so much Robin.
Wow, should get a couple extra points on readers club just for reading all your comments.:) You can't scare me. Rush scares me...nah, not really. A rebirth might just be what it takes to evolve to the next level of what you call, consciousness. What that is, is what it is, kind of beyond our control. Maybe it will be a benevolent transition. I sure hope so for our children's sake. My dream, let's see...the good aliens from the north swoop down and take all that want to live in peace, and with respect for others go to one planet, and all the warriors go to another. Hope you share my spacecraft. PeaceI'll be with you all the way my friend. A peaceful planet . . .ahhh! Thank you so much, David.
I was once told by an old fellow who is deceased now that the day would come when we would go back to toiling off the land to survive. The way our world was going was unsustainable. Your article brings that memory of our conversation back to me and as I look around our great world, I see many of your statements becoming reality if we do not change our ways and quickly. As you stated our young are disillusioned with this world and no longer have faith that their future will be bright. Very good job and continue the writing.Thanks Claude, I am also of the opinion that our future lies in agriculture.
I blame the consumer. We have been living on credit for so long we have forgotten how to work for what we want.Thanks Dixie. Part of the problem is that middle class income after taxes have not increased appreciably since Reagan, while the wealthy has made out like bandits, causing the middle class to borrow heavily to keep up even after both husband and wife, and kids too go to work. Middle class wages have increased 16%, while upper class income has increased 281%.Actually, after inflation, I don't believe middleclass wages have risen at all
Am curious if you have ever considered the perception that the "vibrations are so strong" because of shift in the opposite direction? Perhaps those whom walk with integrity and practice a deep spiritual moral code of ethics (regardless of their spiritual path) will simply become the majority rather than the minority? Perhaps it is time that the ordinary individuals out there realize that they can make a significant contribution towards the betterment of the human condition by knowing that if they work together these individuals can make the difference in shifting the tidal waves that you speak of?Thank you Rev. Yes, out of the chaos that results will be an awakening - if the war mongers can be controlled. That's the problem; the lower consciousness, the religious zealots. We all must do what we can to point ourselves internally to our hearts, into ourselves, to really see what we are, see the hatred in ourselves so that a change is possible, a fundamental change in ourselves which is the only basis of virtue that can be trusted. It has to begin there - seeing what we are, not trying to change what we are, or thinking that we are above the fray. Otherwise, the blind will continue to lead the blind, only thinking that they know, and we will repeat it all again as human greed hatred and delusion overrides any new ideology. And things will only get worse.
Very Nice Article.
Very informative article. Thank you for that!Thank you so much Royce.
Nice article, sir. Now I understand what this world really is...Thank you Triniville.
Eddie, you're at it again.Let me direct you and your many readers to my article, "What the Brain Doesn't Know, But Will Tell You Anyway". There is always a plan 'B' available, one just has to be able to see it (not easy).I love you.BobThank you Bob, Love back.
Direct, factual, to the point and oh dear.......We thought we won the cold war, capitalism would rule the world, but in reality we bought a little more time in which to dig ourselves into an even deeper hole. In hindsight we needed a combination of the two ism,s (and I speak of true communism, rather than awful system that the former USSR ended up with). Capitalism with a social conscience, is that even a possibility, or a contradiction of reality? I do not know, but as you say Rock a hard rain is coming.Yes China is going great guns, but how well it will do when all of its customers, yes us, stop buying the stuff is another question.Good comment Terry. India will do better than China because it is building an internal market, where china continues to depend on exports which is arguably easier. Both have vast markets with a billion people, but with markets come the reality of caring for all these people. Hopefully they will do it right, as you suggest, with both a social conscience as well as a structured, regulated economic system that allows for market innovation.Best.....e
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