Comments on the Collapse Factors

UrbanSurvivalSkills.com received the following comment from Anonymous on the Collapse Factors: "Since the beginning of the financial collapse, which started in Oct 2008 (but has it's roots back in 1998 and 9/11/01), I have been amazed at how long things have continued to work in an almost "normal" fashion. All of my economics training is telling me this will end badly, but the one area I have to be honest about is that it is taking longer than one might have expected. We might see a "lost decade" like Japan, or a continued slow motion train wreck as we have now. But it doesn't change the need to prepare for the eventual collapse.

Our country still has about $10 or $20 trillion of non-levereged net worth to borrow against. But that will go fast. Things could collapse soon if foreign governments demand gold instead of dollars. But if not, this existing situation could go on for a few more years. For me, the acid test will be interest rates. When the Fed cannot control interest rates, and we see the trend like Greece for the 2 year bond at 48% interest, the gig is up. Just my two cents worth.

UrbanMan replies: I think you're on the mark, but I think the beginnings of the collapse occured with F.D.R.'s new deal and several Administrations since,......one of those factos being coming off the Gold standard. I also think you're spot on with the slow collapse scenario. I think we are going to see that. It may hasten with a cataclysmic event like a nuclear or cyber terrorist attack, but the odds are on a slow slide into a pre-collapse depression like era.

But the situation cannot stay at this point forever. The question is just how long will this be until chaos and anarchy takes over,...SHTF,...which will be a natural result when this nation of people, the majority of which are used to a decent life, have to struggle to survive?

I think we'll be very much like Greece, and maybe very soon. I'm hoping to be able to move (no, not to the Great American Redoubt) and get better prepared to live it out,..but I feel the great weight of the debt, inflation, inept Federal Government response, dwindling resources, societal issues, and disenfranchised masses making it come sooner rather than later.

The Government cannot do much. Their Courses of Action remain: 1 - trying to control the people who have nothing and nothing to lose,...read "military control", or, 2 - Over taxation and confiscation of wealth and assets,...read "Socialist State".

What other choices does the government have? The vast entitlement society has got to be coming to an end. With 43 to 45 million people dependant upon the government now depending upon their wits, what will the ground truth be then?