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Great Busted Head

Look at the graph at the top of this website:

http://www.thegreatbustahead.com/

Read the accompanying explanation and (if you have time) this article:

http://www.thegreatbustahead.com/pi_article_feb2004.pdf

And then place this topic in a hierarchy of concerns with... oh, say... gay marriage, the assault weapons ban, medical marijuana, school vouchers, human cloning, John Kerry's or George W. Bush's military record, and corporate media concentration. (Or insert into my proposed list whatever issue you see getting a lot of play in the media or which currently takes up a big chunk of your own psychic real estate.)

For a collection of related links, see my recent post to the libertarianism community.

Comments

( 3 comments — Leave a comment )
prester_scott
Oct. 7th, 2004 05:49 am (UTC)
One thing I'd like to float by you:

Do you suppose that, if things get that bad, home foreclosures will be suspended by direct government intervention, and people allowed to stay in their homes? After all, it doesn't really help anybody if banks are evicting people, who have no jobs and nothing to do but wander the streets causing trouble, and sitting on the deeds to homes that no one will buy. Indeed, in harder-hit areas where there's less law and order to go around, squatting may become commonplace.

Since I don't now and probably won't by the time all this occurs (if it occurs) have enough money to ride it out, I think my smartest "investment strategy" may be "survivalist" in orientation.
kmo
Oct. 7th, 2004 06:28 pm (UTC)
squating in the new millenium
Do you suppose that, if things get that bad, home foreclosures will be suspended by direct government intervention, and people allowed to stay in their homes?

Normally, I think Democrats and Republicans exhibit zero operational difference, but this scenario seems to tease out a potential difference. I find it easier to imagine a Democratic administration or Congress telling banks that they have to eat billions of dollars in defaulted mortgage loans. It's a nice idea, but by the time such a scenario plays out, the federal government will most likely have exhuasted its creditors' ability to keep it solvent. Big brother will be in no position to bail out the banks, so the banks would essentially have to volunteer to take a bullet. Who knows, maybe such a situation will usher in history's first functioning communist utopia; devoid of capitalists and private property. (Typed with irony.)

After all, it doesn't really help anybody if banks are evicting people, who have no jobs and nothing to do but wander the streets causing trouble, and sitting on the deeds to homes that no one will buy.

There will be just as much money then as there is now (lots more probably), and there will be plenty of interests with the means and the motivation to snatch up all that liquidated property at fire sale prices. I'm imagining entire suburbs turned into corporate campases -- company towns where you get paid in company script that's only good at the company store and where your paycheck always comes to just a little less than you owe your employer for the roof over your head, the clothes on your back, and the food in your fridge so that the longer you stay%
kmo
Oct. 7th, 2004 06:34 pm (UTC)
there was more, but...
That's just one possible scenario I can imagine with the help of science fiction writers Octavia E. Butler and Margaret Atwood. Could go any number of different ways. Always in motion the future is.

That said, learning to shoot, garden, speak Spanish, construct low-cost, low-tech, energy efficient buildings and fix broken machines will probably pay off in spades.
( 3 comments — Leave a comment )

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