Here’s a great little video exploring the possibility of the U.S. Dollar tanking that was snipped from a documentary recently aired on Dutch National Television:
If you think it can’t happen, think again. Just this week, the Federal Reserve rescued the stock market again. Here is how James Howard Kunstler described it in his blog entry “A Real Freak Out” March 17:
Over the weekend, the Federal Reserve engineered a $30-billion dollar Saint Paddy’s day present for the JP Morgan bank by handing them the corpse of Bear Stearns. The object of the game is to prevent the “assets” of Bear Stearns from going to the auction block, on which they would be discovered to be nearly worthless, which would instantly render all similar assets held by the other big banks to be similarly worthless, and would result in a universal margin call that would pretty much unwind the hallucinated “wealth” acquired the past ten years.
I am both elated and terrified. If it’s going to happen, I’d rather it happen soon. And yet, we aren’t quite ready. The power went out the other day and with it went our water because we have yet to replace the electric pump with something more sustainable.
Although we are mentally prepared, we need to get ourselves completely off the grid. Luckily, we are surrounded by a large group of extremely resourceful, like-minded people. Many of them are directly involved in growing food and/or making fuel. And we already process most of our food, including bread, Tempeh, tofu, and sausage.
Realistically, the crash will play out as more of a slide, giving us plenty of time to install contingency infrastructure while at the same time giving us plenty of time to procrasti