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Ranulf

40 ways to lose your future

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This is an old source but still remains one of the best documented articles, in my opinion, on how the economic collapse will manifest itself.

Link to the actual article is at the end.

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Stoneleigh: People have been asking how we see the future unfold. In case you wonder what we stand for, much of our view of what’s to come can be found in the primers on the right-hand side bar. Here is an additional brief summary (in no particular order and not meant to be exhaustive) of the ground we have consistently covered here at TAE over the last year and a half, and before that elsewhere.

  1. Deflation is inevitable due to Ponzi dynamics (see From the Top of the Great Pyramid)
  2. The collapse of credit will crash the money supply as credit is the vast majority of the effective money supply
  3. Cash will be king for a long time
  4. Printing one’s way out of deflation is impossible as printing cannot keep pace with credit destruction (the net effect is contraction)
  5. Debt will become a millstone around people’s necks and bankruptcy will no longer be possible at some point
  6. In the future the consequences of unpayable debt could include indentured servitude, debtor’s prison or being drummed into the military
  7. Early withdrawls from pension plans will be prevented and almost all pension plans will eventually default
  8. We will see a systemic banking crisis that will result in bank runs and the loss of savings
  9. Prices will fall across the board as purchasing power collapses
  10. Real estate prices are likely to fall by at least 90% on average (with local variation)
  11. The essentials will see relative price support as a much larger percentage of a much smaller money supply chases them
  12. We are headed eventually for a bond market dislocation where nominal interest rates will shoot up into the double digits
  13. Real interest rates will be even higher (the nominal rate minus negative inflation)
  14. This will cause a tsunami of debt default which is highly deflationary
  15. Government spending (all levels) will be slashed, with loss of entitlements and inability to maintain infrastructure

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https://www.theautomaticearth.com/2012/01/40-ways-to-lose-your-future/

 

 

 

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8 minutes ago, Ranulf said:

This is an old source but still remains one of the best documented articles, in my opinion, on how the economic collapse will manifest itself.

Link to the actual article is at the end.

---------------------------------------------------------------------------------------

Stoneleigh: People have been asking how we see the future unfold. In case you wonder what we stand for, much of our view of what’s to come can be found in the primers on the right-hand side bar. Here is an additional brief summary (in no particular order and not meant to be exhaustive) of the ground we have consistently covered here at TAE over the last year and a half, and before that elsewhere.

  1. Deflation is inevitable due to Ponzi dynamics (see From the Top of the Great Pyramid)
  2. The collapse of credit will crash the money supply as credit is the vast majority of the effective money supply
  3. Cash will be king for a long time
  4. Printing one’s way out of deflation is impossible as printing cannot keep pace with credit destruction (the net effect is contraction)
  5. Debt will become a millstone around people’s necks and bankruptcy will no longer be possible at some point
  6. In the future the consequences of unpayable debt could include indentured servitude, debtor’s prison or being drummed into the military
  7. Early withdrawls from pension plans will be prevented and almost all pension plans will eventually default
  8. We will see a systemic banking crisis that will result in bank runs and the loss of savings
  9. Prices will fall across the board as purchasing power collapses
  10. Real estate prices are likely to fall by at least 90% on average (with local variation)
  11. The essentials will see relative price support as a much larger percentage of a much smaller money supply chases them
  12. We are headed eventually for a bond market dislocation where nominal interest rates will shoot up into the double digits
  13. Real interest rates will be even higher (the nominal rate minus negative inflation)
  14. This will cause a tsunami of debt default which is highly deflationary
  15. Government spending (all levels) will be slashed, with loss of entitlements and inability to maintain infrastructure

-------------------------------------------------------------------------------------

https://www.theautomaticearth.com/2012/01/40-ways-to-lose-your-future/

 

 

 

A lot of this is already happening. Or in the process of happening, it's just taking longer than the author thought. If number 15 happens, then so will revolution. There are too many people dependent on the state for their survival. Pull the plug on SNAP and EBT and we would see riots within 2 weeks in every major city in the country. 

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24 minutes ago, Cinnamon said:

A lot of this is already happening. Or in the process of happening, it's just taking longer than the author thought. If number 15 happens, then so will revolution. There are too many people dependent on the state for their survival. Pull the plug on SNAP and EBT and we would see riots within 2 weeks in every major city in the country. 

agree

I only included the first 15 but there are 40 steps in total at the article I included the url for.

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2 hours ago, Ranulf said:

agree

I only included the first 15 but there are 40 steps in total at the article I included the url for.

I read them all, but #15 really stuck out at me because I know that will cause almost instant unrest. 

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4 hours ago, Ranulf said:

agree

I only included the first 15 but there are 40 steps in total at the article I included the url for.

Thanks for link 

Edited by GT500

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6 minutes ago, GT500 said:

In debt is certain death..,

I paid off my car 6 months ago and just paid off a credit card today. I'm getting more free or is that free er? lol Whatevs! It feels good to not deal with those companies anymore. All that's left is the house which is a challenge. It's cheaper than rent, so it's all good for now. 

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3 hours ago, Cinnamon said:

I paid off my car 6 months ago and just paid off a credit card today. I'm getting more free or is that free er? lol Whatevs! It feels good to not deal with those companies anymore. All that's left is the house which is a challenge. It's cheaper than rent, so it's all good for now. 

I understand 

same situation 

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