Next Stop: Recession!
The comments below are an edited and abridged synopsis of an article by Chris Martenson
Huge signals of collapse that everybody needs to know about are breaking out with greater frequency and ever-larger and more worrying amplitude. It’s only a matter of time before something truly systemic snaps and we’re all forced to contend with terrible ramifications.
Or maybe it will be a political flashpoint resulting in war. A conflict resulting in even a temporary blockade of the free flow of global trade so critical for keeping all of our just-in-time production and distribution systems running smoothly could cause store shelves to go empty in just a matter of days.
Maybe it will be a nightmare collapse of key ecosystems; after all, we’re carelessly and swiftly disrupting the interconnected relationships that species took hundreds of millions of years to develop.
More likely, in the near term, we’ll see an economic/financial meltdown. The third credit bubble of the new century is breaking down just like its predecessors did. Except this one is the largest and most universal in history.
A recession lies dead ahead. And even though recessions are an inevitable part of the economic cycle, and it’s been a while since the last one, we’ve been operating as if the current recovery will last forever. We’re woefully unprepared for what’s coming.
The next recession promises to be a doozy. The world is fraught with political and social tensions that were absent in 2008. And we’re saddled with many trillions more in debt than existed back then.
But worst of all? The public has lost faith in institutions and political bodies after having been so obviously, comprehensively and repeatedly lied to over the years.