As a social observer I have noticed a significant deterioration in confidence of the current economic structure. Yesterday I had FOUR people tell me that "shit will hit the fan" in one way or another. A few of these people used to scoff at my proclamations of doom a few years ago.
Yesterday at the mall I went for some shopping and the lady that's been serving us for years said something like this:
"Things are going to get crazy. Within 1 year I expect chaos in the streets. Everyone is going broke. We need to prepare."
Mind you this lady works at Saks at South Coast Plaza mall. The same lady told me in 2009 that "you have too much time on your hands" when I told her the system is broken and heading for an epic crash.
person number 2: went to a party last night to celebrate my friends dad's birthday. This same person used to tell me "things are getting better, its just a cycle" to I'm buying gold, silver and ammo."
person number 3: a highly educated individual who used to disregard my warnings spent at least an hour listening to every word coming out of my mouth. He said "we need to prepare, things are going to get scary." This person works as a school teacher at a relatively strong school district but sees the writing on the wall. Whereas before he would say "I'm tenured" now he says "no one is safe." I told him he was exactly right. The only thing he could do at this point was work hard, maintain his strong work ethic and to keep a look out for opportunities.
person number 4: owner of a new diner which is making mega $$$$. He came to our table and said "things are fucked up. People are going broke. Governments are going to broke. By next year I'm afraid that the whole thing is going to collapse."
person number 5: this was actually on Friday. I was in court for an appearance and I heard this attorney a few rows in front say the following:
"the deficits are out of control. They are printing money. Social security and medicare are completely insolvent. Unfunded liabilities number over 100 trillion. The banks are all lying and are insolvent. This is not going to end well."
In 2009 all I heard in court was golf this, football that, my case this, my car that. I have heard the above rant in many social settings such as restaurants, supermarkets, mediation's, etc. The significance here is that everyday people are waking up to the fraud that is at the core of our money system. Effectively, people are beginning to realize that there is simply too much debt in the system. Every time I hear people getting switched on gives me more hope. The Internet is opening peoples eyes on a daily basis.
Right now the debate that is furiously taking place in Europe is how to battle the debt crisis. The solution being proffered, maddeningly, is more debt!! Yes, lets fight debt with more fucking debt!! The truth definition of lunacy. And right now the periphery of the EU system is under attack, with Greece in a heap of shit and Italy and Spain teetering towards the edge. Unfortunately for the EuroPonzi, the French banks are in big trouble. Yes, the very core of the system is now being strained by this debt virus. And like all systems, the virus attacks the periphery first, then the core. In the United States, the debt virus is taking down counties and some states, but will eventually strike at the heart of the system, the US Treasury market.
Maybe by 2100 historians will look back at us the same way we looked at the world during the 1940's. Complete fucking lunatics. The 90's and the early 2000's were the easy years. The next two decades are going to be a roller coaster.