Well, had a chance to mull this over.
I don’t think I’m buyin’. Some of the things Orlov says are stages of collapse — and he cites the Soviet Union — never happened in the Soviet Union. There were, for example, never gangs of roving wastelanders. There was not a cultural breakdown.
Southack made a convincing argument that we are in a deflationary phase due to overproduction. I can kinda buy that. Look around — we simply have way too much stuff. We don’t need any more. Even a cheap apartment has in it, several TV’s, lots of furniture, one and maybe two cars outside....
So when the real estate bubble popped, the fear woke people up. “Holy crap!” they exclaimed, “I don’t need a fourth laptop after all!”
And the deleveraging of overconsumption began.
I suspect, like all trends, there will be overcorrection on the other side. We will see shortages, even. But collapse? I’m not seeing it.
Not even Obama can bring a collapse about. Remember the Soviet Union: They were ingrained to be communist and under severe government controls. No amount of prodding could make them change.
The same attains with us. We are deeply capitalistic, and we buck under government control. Obozo will find this out, in time.
I suspect the fact this guy is a Russian also colors his commentary. I don’t expect TEOTWAWKI.
Well, had a chance to mull this over.
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Does this mean no zombies?
I agree with the over-correction part - and pray you're right about the collapse part. I fear it still seems like a possibility - a few years down the road.
I agree with the over-correction part - and pray you're right about the collapse part. I fear it's still a possibility - a few years down the road.