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February 20, 2014
We don't have an economy, we have the wreckage of an economy.
The wreckage has been piling up for a very long time.Cities for one. They're sunk costs peopled with net consumers, an unjustifiable burden, as are their inhabitants, largely. There are no convincing arguments for the cities we have today. Even aside from wartime targeting, residents are less safe inside the cities than outside of them. When considering catastrophic collapse, who plans to bug out to Chicago? - - ol remus
Posted by gerardvanderleun at February 20, 2014 1:27 PM. This is an entry on the sideblog of American Digest: Check it out.
Your Say
After WW II an unprecedented good economy continued until about 1964 or so. There wasn't a dramatic change but a piling on of laws and looting of the treasury stealing/redistributing the wealth. Then about 2009 the SHTF and we are like a bus runaway down a steep hill without breaks headed headlong towards a cliff. The history books will rationalize all the reasons we collapsed but it is simple: The politicians discovered they could get reelected if they gave away free stuff and convinced the voters that there was more free stuff to be had. Now it is more like musical chairs with 310 million people circling a couple hundred chairs and when the music stops there will be a lot of unhappy people and if you are sitting pretty they will believe YOU took their chair.
Posted by: GoneWithTheWind at February 20, 2014 3:50 PM
Someone should set up a pool, everybody guesses which major metropolis crashes and burns first.
My money is on NYC.
(Detroit didn't crash and burn, it just consumed itself.)
Posted by: ghostsniper at February 20, 2014 4:49 PM
Lets put it this way, in the last few weeks 3 guys have leaped to their deaths from JP Morgan. Not random guys but high end financial guys working there.
Probably no cause for alarm though.
Posted by: Christopher Taylor at February 20, 2014 9:31 PM
Ghostsniper, I would bet on the city of lost angels before NYC just because there are more useful idiots willing to do the bidding.
However the smaller cities might ignite first.
Posted by: Potsie at February 21, 2014 7:18 AM
Okayy, lets try this again.
The third investment guy to jump off a JP Morgan building to his death might be a bad sign for the economy...
http://www.infowars.com/another-jp-morgan-banker-leaps-to-his-death/
Posted by: Christopher Taylor at February 21, 2014 7:49 AM
More apocalypse porn. If the country didn't go commie in the 1930's it ain't gonna go now.
And all you silly fucks who think that the cities are all going to go burn down and go feral with gangs of whatever minority you're afraid of, obviously don't live in a city.
Posted by: Eric Blair at February 21, 2014 5:08 PM
No, the US isn't going to go Commie. But in 1930, Detroit was one of the richest, most progressive, growing, and impressive cities in America.
Just sayin'
Posted by: Christopher Taylor at February 21, 2014 9:21 PM
Mr. Taylor - You might be right, although I disagree; my opinion is that the vast majority of investment bankers have a negative value to the real economy, defined as the world of people who make things and provide services that others actually want to buy. In much the same way that a tapeworm has hegative value to the host.
Leaving that aside, one positive sign that the economy is about to start recovering might be when bankers aren't throwing themselves out of windows - they are being thrown.
Posted by: Fletcher Christian at February 22, 2014 4:30 AM