A series of hammer blows from the latest edition, which opens as follows:
Imagine everything familiar collapsing like an accordion in the time between your morning coffee and your first midday yawn. It may happen just that way. In fact, it’s difficult to see how it can happen any other way.
Back in 2001, the Argentine economy all but collapsed. In a matter of days, the country went from mild recession to full-blown economic crisis. The currency went into freefall. Police were out in the streets shooting protestors. Unemployment and crime rates soared overnight. And the nation defaulted on its debt.
– Simon Black at sovereignman.com, July 10, 2014
It’s said we’re in hard times, and we are in hard times. But as hard times go, these are the good days. There are those who have known real-and-for-true hard times. Not the poverty porn hawked around by social activists or the tiresome stories peddled in the movies. Actual hard times are ahead, not hard times by comparison but long term destitution with real privation, when we’ll fear a lot more than fear itself.
Ahead, stretching to the horizon, lies deepest 1932 but without the civility and yes, without the relative plenty. The Great Depression will be something to aspire to, where even migrant field hands drove cars to work. Actually it doesn’t all lie ahead, some of it is already behind us. Truth is, we arrived a while back. We’re like the Okies in that first month without a good rain, or the laid off employee who thought he was between jobs. The era of hustle and opportunity that lifted all boats ended a long while ago. We’ve fallen below the event horizon. Gravity is in charge now. We’ve entered an era of relentlessly deepening want. In not much time it will beggar belief, then plunge directly to the heart of catastrophe. You’ll never again use the word hungry as lightly as you do now.
You needn’t fear the Mad Max scenario ‘though, not for long – there’ll not be the wherewithal to support it. Nor should you fear DC overmuch, other than rogue Free Corps and last ditchers and everyone taking control of everything and arresting each other. It will remain an obnoxious meddler at the outset and a while longer, but it’ll be mostly habit. DC’s broke. In fact, it’s broker than you are. Meddling gets prohibitively expensive absent voluntary compliance. We’ve already seen DC metastasize from a dignified bribery and extortion racket with a credible claim to utility into smash-and-grab street thuggery. But more importantly, DC has become exclusively self-referential, a dead short in the circuitry, irrelevant to the problems at hand other than as an extravagant consumer of wattage.
The Tenth Amendment movement looks more dynamic every day, in fact, they’re already preparing Uncle Sam’s commitment papers in the back room. He doesn’t like it one bit. Too bad. We’ve had a family meeting and that’s the way it has to be. You see, not only is our formerly beloved Uncle paying his bills with counterfeit trolley tokens and IOUs, and not only does he get violent just because he can, he’s getting, well—bizarre. When we’re on the phone, he listens in, then says he didn’t. And he insists we expose ourselves to him as a condition of travel. Stuff like that. The senile demand attention in, you know, odd ways. Our descendents will wonder why we ever took him seriously but we remember him in his youth, when he was a quirky but okay guy.
What you should really fear is scarcity. It’s unAmerican to say this, but what you have is all you’re likely to have and chances are you won’t keep all of that. So, are you planning a mountain retreat with a well and a hand pump, more than a tank of gas from the nearest urban center, away from lines of drift, solar powered hot tub with optional foot massage? If you’re not there now, or nearly so, you’re not going to get there. In other words, time’s up. Get your affairs in order where you are, because where you are is where you’re going to be. And what you have is what you’re going to have.
Societies are normally this badly wounded coming out of catastrophes, not entering them. Which means we’re in no condition for what’s coming, and what’s coming is something not seen since feudal times. Everything’s on the table, including civilization itself. We’ve run out of good outcomes.
There isn’t even a name for what’s coming…
Read the rest.