Anything we are doing, and we are, as Socialist, central planning is universal( funny how the elites everywhere like concentrated power. Of course, its for the children. THEIR children, anyways..)
Watch England, and others. Everyone is under the stress of lifting delusions.
Another thing, there is not enough gold, in the entire world, to even work as a trade unit for just the US economy.
If, say, gold is the only medium of exchange, then look for a world economy of about 1 percent of preset size.
Frankly, I say if world GDP falls 10 percent, then you will have political and physical chaos, world wide. Enough so that 200 foot ex Saudi Costguard Cutters will be collecting ‘transit taxes, in cash, even depreciated cash’ off the Arabian coast. No truck, train, or plane will land or take off near any third and quite a few 2nd world ports.
Demagogues will haunt the streets of European Capitals.
Detroit, Chicago will be in the sway of Louis Farrakhan.
Not much will come out of Africa but high value items and refugees, by the tens if not hundred millions. No wheat, foodstuffs, bulky and too expensive to pay bribes and ship on trucks on decayed roads, or busted railroad tracks into the interior.
American and European youth, the few that there are, will volunteer to die, suffer for third world gaping mouths. And no politician or present institution has the ethical or moral authority to inspire or command. Elites world wide are held in contempt by the mass of people, and rightly so.
Anyways, you may have your gold. But you may not have enough to buy anti-biotics, or foodstuffs.
If you are that worried, think a rural farm and guns.
2008-11-12 18:50:00
NEW DELHI: As if the global meltdown and soaring food prices are not enough, now brace up for food shortage in the coming two years.
Even as the world is struggling to fight global market meltdown with companies sacking employees and Industries scaling down production, the world will also have to tackle food shortage and soaring prices in the coming days.
According to United Nations’ Food and Agriculture Organization, the current financial crisis will adversely affect agricultural sectors in many countries, including India and other developing countries.
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You are correct in your analysis of where the world is going. But...that farm strategy didn't work out too well for Rhodesian farmers. Security on a farm depends on a stable constitutional government to protect property rights. If a thousand of these refuges want your farm and decide to rush the place and occupy it, then you'll have some mighty fancy shooting to do. I think its better to beef up our state and local governments with CONSERVATIVE term-limited representatives who will work to protect all of us against this sort of disaster. We can come together to protect ourselves like the Swiss. They are not worried about these issues because they take care of themselves and they are sitting on a pile of gold!