Welcome To The UdderWorld
Over the past few years, in order to prop up our economy, our cities, counties, states, Federal government and public corporations have borrowed over $5 trillion dollars to keep operating...About the same amount our entire nation borrowed from 1776 to 1980 when we morphed from being a net producer to a net consumer. Much of that borrowing has come from our pension funds, retirement accounts, and investment accounts.
As we are borrowing and spending more than we are saving, our retirement and investment savings are rapidly running dry as is evidenced by more and more pension funds shortfalls making news lately. In addition, quantitative easing is no longer working demonstrated by skyrocketing commodity prices and rising interest rates.
In essence, we as a nation and much of the world is broke. We are collectively simply being sustained by what could arguably called fraudulent lending(loans that one knows or should know can't be paid back).
In addition to going broke, we are transferring much of the functionality of our society from an industrial based model to digitally based through the rapid implementation of technology. The transition will be very convulsive and far more resource efficient to many of our current paradigms.....such as not having to go to school because school will come to us online.
A key issue will be how will our governmental, legal, and other systems adjust to this new model requiring fewer and fewer to work to maintain the system?
I am setting up www.udderworld.com to document this transition by highlighting news and articles from mainstream and not so mainstream sources.
Much of what we currently veiw as normal will change dramatically in the relatively near future. The entire world is subject to this change. Our governments will have to morph.....Our laws will have to change.......Our citizens will be forced to adjust.
We all see what is going on around us.......as our cities, counties, states and other government entities go broke and can no longer afford to provide services.....what exactly are our personal and property rights in such an environment? How much will we be taxed? Who will get bailed out and who will be left to fail?
For example, what is a house worth when a city can no longer afford to provide water, sewer, trash, police or other services for a certain geographic area? What are property rights when it is the government that drives the economy and not private individuals? All interesting and convulsive questions. All questions we will have to deal with as we shut down the Industrial Age move into the Digital Age.
It is not the end of the world.....simply the beginning of the Digital Age.... an Udder World for all of humanity.