It Is Not Doom And Gloom
We lost another 450,000 jobs this week....it has been OVER 400K for the last couple years as now practically every city, county, state, hospital, and school system is reducing its workforce.
It is simple, we are shutting down INDUSTRIAL production as we proceed into the Digital Age.....and practically everything in the current economy is based on INDUSTRIAL production.
In the Digital Age....we will not need as many to work as technology will replace human labor. The concept of city, county and state will likely become obsolete as we will be able to expand geographical administration with technology.
Most lawyers will lose their jobs because many of the property rights currently afforded will no longer exist. Property will belong to the state or global system.....and knowledge will be the store of wealth.
Money and Gold will morph into Digital Vouchers from the state.....and the stock market as we know it will likely be globalized.
At this rate of job loss and credit contraction.....we have already reached the point where government must tax the citizens 100% of their income to sustain the current industrial system...as we know such a tax is not permissible......especially with government obligations about to skyrocket going forward.... therefore, by only bailing out government/few banks.....it is mathematically certain that pracially all private property will be foreclosed upon......and even if you think its not you, it will be most of your neighbors and your property will be worthless.
Expect most of the world's oil supply to be cut off in the near future.....it is simply what must be done to propel man forward into a more sustainable existence. Nuclear will repace carbon fuels in relative short order.....Donner is the resident expert on this subject.
We gave up our liberties for security with the passage of the Patriot Act.......
Now we gave up our property for perceived prosperity by bailing out the banks/federal government and not the citizens.
It is not the end of the world....simply the end of a world as we knew it......
Seriously, how long did you think Politicians can keep simply printing money and paying themselves as we produce less and less? It is truly amazing how we only bailed out a few banks and some government and let the rest of the system fail........
Who would have ever thought that could happen in the United States of America