patrick.net

We're ramping up to follow Europes austerity measures

Economist Nouriel Roubini has been frequently quoted with his description of the euro zone as a "slow motion train wreck," and "Dr. Doom's" prognostication continues to be validated by current data flow.
http://www.marketwatch.com/story/recession-in-europe-is-bad-news-for-us-2012-11-20

It’s foolish to give a particular timeline to any scenario. But it’s just as foolish to pretend that the current worldwide economic situation is going to improve. When I ask those who beleve that it will they can never say how, they simply believe that it just will: magically, mystically, wonderfully will all get better if we just wish it so. They are in deep denial and will be the first to die off. On the other hand, it’s not going to be a ‘Mad Max’ scene, as many think or even wish for, with darkness and death all around either. Nearly every collapse of every empire has been a slow one. We are in the early stages right now. It always starts with spreading the empire; in the days of Rome it was Pax Romana, with us it’s ‘spreading democracy’. But from Rome, to China, to the Mayans, to ourselves, we all over extended ourselves trying to secure more resources to maintain our current lifestyle. And each one had to debase their currency to do so. Many of these empires also embarked on a campaign to keep all the people happy by promising a lot of free stuff-sound familiar. The end result was the slow decline of each empire. Yes, there will be brief periods when things seem to be getting better until another dip takes place and we slide down another notch or two. And like a wild ride, we’ll think that’s the last big drop, that is until the next one comes. One day we’ll wake up and find that our governement offices are closed, most if not all the time, due to severe buget cuts. It’ll be more like 1913 than 2013. The EU is collapsing which will drag us and China down with it because we trade with both and are tied in with their banking system. Better get use to doing a lot of things for yourself. Since this a slow but ongoing crash you all have time to get ready with skills and goods that may be hard to get in the future..