Why do you think we are not going to have food and water? As I understand it, in the Great Depression, the market dropped 90%, but the stores still had food and water. Many people couldn’t afford it (thus the breadlines), but the stores never ran out.
So you basically think the dollar is going to lose all value and everyone will basically quit/get fired from their jobs? That is about the only way I can see the stores running out of food and water. Even if my income got cut 80%, I would still stay in the same job unless I could find another, better paying one.
How do you explain the strength in the dollar? Why hasn’t the dollar collapsed already? Surely everyone and their brother can see that the U.S. is going massively into debt and they should be sellers of the dollar. Why isn’t this happening now? How come gold isn’t at $2000 right now? How come gold isn’t at $5000?
It’s obvious you were right about the market dropping, but it’s a long way from there to when the basic necessities of life are hard to obtain.
I personally think we’re going to have a deflationary spiral, the dollar is going to hold it’s value, and, so long as I have a job, I will still be able to buy basic necessities.
Maybe you can help bridge the gap between where we are now and the implosion you are expecting. How do we get there from here?
