BTW I have lost my job before and while it’s not fun it ain’t the end of the world either. As long as you have some $ in the bank and you’re willing to relocate and maybe retrain yourself that is. Oh and of course you must be willing to step down a rung on the ladder from time to time and I’ve done that too.
What if there are no jobs to be had and your money only has a fraction of the buying power? What if millions upon million become unemployed at the same time and any savings they might have becomes a fraction of what it was worth.
During Great Depression 1 people went back to the land to live and more than 50% of the population lived on family farms and we had about 60% less people.. We are not the country we were in the 30s. At 30+ % unemployment and a crashed currency we are looking at massive civil unrest or people going silently into Gulag style work camps or starving in the streets. Knowing Americans we will spit venom all over any social money going to them and have the starve in the streets or happily see them marched into work camps, that, of course, will be privatized because we know how evil socialism is. See Irish Potato famine. Lots of potatoes no money. 1/3rd of the population died and most of the public looked the other way.
We are just under 14% unemployment according to unscrubbed u-6 government numbers. Extrapolate out unemployment at current trajectory and in a year puts us at 20+%. Juxtapose that with the global inertia away from the dollar, which is IMMENSE and you have a different world. After this collapse many countries will recognize where they land the US will not and that will make people extremely cranky.
This not a grand conspiracy, though there are many conspiring, this is an evolution of an inherently flawed system and the incredible amount of malfeasance signifies they guys running the system either a) trying to keep it going fraudulently or B) foreknowledge of the end of the system
I personally think they gave up on A and have moved to B. They are making their lifeboats and putting holes in everybody else’s.
