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Is This Our Future?

The comments below are an edited and abridged synopsis of an article by Charles Hugh Smith

There are two primary sources of income and wealth accessible to elites and governments: Land and taxes. Through these, history offers a template for the next 20 years.

Is This Our Future? - BullionBuzz - Nick's Top Six
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Smith discusses globalization and financialization; the income and wealth that supported nation-state governments; a sustainable response; adapting to reduced means; and relocalization.

“It is human nature to find reasons to dismiss the storm clouds on the horizon. We look around and find solace in the apparent strength of our institutions and economy, while ignoring their sobering dependence on unsustainable hyper-globalization and hyper-financialization.”

“The fragmentation, simplification and localization of the post-Imperial era offers us lessons we ignore at our peril. It’s important to view these lessons not just as an academic abstraction but as a guide to your own decisions about what places are most conducive to your security and well-being.”

“Not every locale will do equally well, and the culture of many places may not be a great match for your own values and goals. If you decide to move, sooner is better than later.”