Making the Chicken Run

by Doug Casey

“Making the chicken run” is what Rhodesians called leaving the country during the 1960s and 1970s, before Rhodesia became Zimbabwe. It was considered unpatriotic, but it was idiotic not to do so.

Making the Chicken Run | BullionBuzzIn 2017, the US is in real trouble. Not as bad as Rhodesia 40 years ago, but serious. For many years, it’s been obvious that the country was going to hit a wall, and now the inevitable is becoming imminent.

The US hasn’t been bearish enough on the social and political fallout from the Greater Depression. The odds are high that the US is heading for trouble at least as bad as any advanced country in the last century.

It strikes most people as outrageous, because the long-running post-WWII boom has been punctuated only by brief recessions. Why should it end? The thought of a nasty end certainly runs counter to the experience of almost everyone, but it seems the US is close to a tipping point.

Casey says that economic bankruptcy accompanied by financial chaos is quickly approaching for the US. Within the next 24 months, the dollar is likely to start losing value rapidly.

But that’s just the start. The long term is much more serious, because the next chapter of the Greater Depression has the chance of overturning the basic character of American life. It happened in Russia in 1918, Germany in 1933, China in 1949, Vietnam in 1954, Cambodia in 1975 and Rwanda in 1995. Those are just some examples; there are scores more.

Economic events are going to mean serious hardship and unpleasantness for many people. But that isn’t of such concern as the social and political reaction. The US is on the edge of a precipice. The economy is crumbling, and there’s a good chance things will only get worse.


Leave a Reply

Your email address will not be published. Required fields are marked *