I do not buy the notion of pandemonium and chaos will happen when the dollar collapses. There will be temporary instability in some major cities that are war zones because of gun control laws. The US government is going to collapse. The Federal Reserve is going to go belly up because the have over extended themselves with fictional digits entered in to a computer not representing actual physical money in circulation. This private central bank has been artificially keeping the price of gold down leasing other nation’s gold dumping it on the market. Now these nations that have their gold on deposit want their gold back. The Federal Reserve cannot account for the gold, nor will allow these nations to see the gold. Why? Because it is not there. It has been stolen…
We will recover and come back strong. look at Iceland. They threw out the bankers, arrested them and replaced the government doing the bidding of the Bankers. Some of these financial oligarchs are now in prison serving long sentences. Now the people of Iceland are no longer under debt slavery being forced to pay banker debt they do not owe. But was debt incurred by the bankers in the derivative debt selling credit default swaps and mortgage-backed securities using the force of government to make people cover their loses. Now Iceland is debt free and now their economy is rebounding. Greenland leaving the European Union is seeing prosperity.
The Russian Federation rebounded fast when President Vladimir Put in took office. Before Putin was elected President. Under the rule of Boris Yeltsin. The country was unstable. One person I talked to often said before Putin took office, the Russian people were in fear what kind of Government they would wake up to the next day. The Russian Ruble collapsed in 1998 prior to Putin being elected. The experience of Russia seeing the collapse of communism and the implosion of the ruble prior to Putin being elected. It shows a collapse is not the end of the world. But a chance to start a new beginning. We just need to learn from the mistake made in a post Soviet Union collapse so we do not repeat them here…
Although I agree with the author that collapse is inevitable, and I hope that the author is correct that recovery after collapse will not be prolonged, I disagree with the author that current government policies are socialist policies. Certainly a government that claims the right to kill its own citizens without charge or trial is totalitarian. But socialism is a form of government in which the government owns the major factors of production. Such is not the case in the USA. What we have in the USA is what Mussolini called “corporatism.” It is essentially a fascist kleptocracy, a government controlled by business and financial interests. The U.S. Government doesn’t even own its own debt currency! Matt Taibbi apparently agrees:
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