Debt Super Cycle Will Destroy U.S. Standard of Living Overnight “Leave Society Gasping and Stupefied”
Tom Chatham
June 16th, 2016
SHTFPlan.com
This article was written by Tom Chatham and originally published at his Project Chesapeake website.
Editor’s Comment: The reality is sad, but the population is not prepared to face the great crisis at hand.Overnight and with the heavy force of a tidal wave. The greatness and the normalcy of not having to struggle to meet basic needs, the standard of living that prosperous Americans have known all their lives is on the cusp of utter destruction. The social services and pensions are being deliberately abused, pressured, traded, undermined, looted from and neglected – only to accumulate impossible shortfalls in funding.
The financial security for retirement, and for those not working or depending upon benefits, is all prone to be deleted. What would happen if the Great Depression returned? Americans were once rural, rugged and dignified. Today, they are urban, delicate and debased, not to mention ignorant and dumbed down. Who among us is prepared to survive a true, long-term collapse? Fewer than you’d think…
How Will You Cope With A Lower Standard Of Living?
by Tom Chatham
The forces are mounting that will eventually overwhelm most Americans and send their standard of living to unknown depths. Americans that have only known the post WWII prosperity are ill equipped and educated to deal with depression level living. Easy credit and instant gratification have created a nation of whining, self absorbed, entitlement minded people with no moral or mental toughness.
Doug Casey believes we are headed for what he calls a super depression created by the ending of a debt super cycle. The bigger the debt cycle the bigger the depression that follows. That’s how reality works and most people are not prepared for reality.
When this depression, which has already started, gets momentum, it will overwhelm the plans of a society that is expecting to get things like social security, pensions and payouts from retirement plans they have paid into for many years. All of those things will disappear almost overnight and leave society gasping and stupefied over what to do. Their reactions will be to yell and scream and try to identify who to blame but the only person they should blame is the one in the mirror.
Many very smart people have raised the alarm and done their best to warn the sleeping public, but those slumbering masses have ignored the warnings and hit the snooze button one more time. The masses do not understand economics, do not want to understand economics and they will pay dearly for that ignorance in the coming days.
The Rest…HERE
