I remember, writing a long time ago, about a gotterdammerung, wchich is when there is a winnowing out of the weak and the strong coming through. Were in the beginning of one right now. At the moment, the people with a certified skill are the ones who will be setting up shop and succeeding while the philosophy majors are going to be falling to pieces. In the Old South, the shopkeepers and farmers and people in construction survived while the ones who depended on slave labor and lived leisurely on their incomes fell to pieces. Same withe the French aristocrats who spent more than they had and lived on credit. I see a collapse coming, that should have happened sooner and the bailouts only postponed the inevitable. If we let families who lived like kings on a paupers income fall apart and make them start over, the rest of society would move ahead just fine. Poeple wiht not too much to lose are going to do just fine; those who stupidly made speculation a career choice are the ones who will fall.
Thank God.
It's long overdue, and the parasites are killing us.