03.30.09

Preparation for economic collapse

Posted in Bush legacy, Economy, History at 8:55 pm by angela

In this lecture given Dec 4 2006, Closing the ‘Collapse Gap’: the USSR was better prepared for collapse than the US, Dmitry Orlov compares the US infrastructure, economic system, etc. of 2006 with comparable Soviet systems of the time just prior to their economic collapse.

The article is long and filled with slides. Just to sum up, he feels the US is in much worse shape and highly unlikely to recover anytime soon from what he saw at that time as its inevitable economic collapse.

The solution? As he sees it, there is nothing anyone can do to prevent it. The majority of systems in this country are geared toward providing profit to business at the expense of infrastructure, transportation, health, and agricultural stability. Politicians have nothing to gain by fixing the system. They feed off it and are rewarded not by making the sort of really hard decisions that have not even been considered yet, but by focusing on trivialities and irrelevancies.

So what can we do? His surprising recommendation is that we as individuals should start hunkering down. We should do whatever it takes to remove ourselves to the margins of society and become accustomed to a low but sustainable standard of living. We should remove our money from financial institutions and put it into durable goods.

We should definitely grow our own food, as best we are able.

Pretty scary stuff, and so prescient. It rather reminds me of a ’50′s era cookbook and survivalist guide I once read, whose mission was getting people through the coming nuclear holocaust. The method for achieving wealth when money became valueless due to hyperinflation or the necessity of barter for survival? Lay in a supply of tobacco. When the chips are down, you will be able to charge whatever you want.

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