Antique Ice Chest

On every continent, in every country, state, and the city, conversations as they occur on a daily basis ... John asks: "Are you ready for when the HFCS (Shit hits the fan)? Scott replied: "No, I do not think anything will happen. Life will continue as usual, and your just wasting your time and your money! "

I'm sure you've read or heard this dialogue several times a week, family, friends, or blogs online. In fact, you can even have the same ideologies that John, or maybe even Scott. Whichever group you belong, even if you are indifferent, we can all agree that no one seems to have the answer! Who do you think? This is the big question.

In this article I will try to give examples of past economic events, compare and contrast the current crisis, and explore this issue further slow the back of everyone's mind, "Should I prepare for the future, or live life as usual? "

Many people ask this question on a daily basis. In fact, many are daring enough to predict when such a collapse may occur, and prepare accordingly. But have you really thought that the collapse of the global economy mean?

The most predominant economic collapse as everyone thinks, when the subject comes up, is the great collapse of Wall Street during the 1920s and 1930s and later "Great Depression". Yet no one bit into account that more damaging, collapses have occurred earlier.

Previous collapses in Western societies have their roots all the way back to the age of antiquities in the Mediterranean. Many historians regard the collapse of the Roman Empire in the fourth and fifth centuries, as a result of poor leadership. Although it is difficult to reach a final verdict on why the fall of the Roman Empire, is it sufficient to say that it was a long and complex process, made even more difficult to understand by the disparate nature Procedure decades of unrest (war with the Goths, Franks and Alamanni).

If there were a simple answer, the Romans would have surely found. The institution itself was not at fault, but the support she has received from his commanders, the emperors, was often lacking.

It is interesting to note that our commander in chief, President Barrack Hussein Obama with the most important institution of our nation - Congress, have often failed and failed to support their constituents (on March 15th , 2010, Rasmussen reported that 71% of Americans believe that Congress did a good job, while only 26% of Americans strongly approve of President Obama's decisions).

Our "modern" is not different when juxtaposed with the nadir of the Roman Empire. The French Revolution of 1789, economic collapse that followed the war of 1812, the Panic of 1873, etc. can all be attributed to one thing in common - debt exceeded income. The only factor that was lacking in these times, which our modern society is to thank you for, is globalization. Thus, if a country wobbles a possible training effect and will affect all others, including the so-called "prosperous" nations.

If we take a look at the world debt, it is quite shocking. Spending our way into prosperity first and foremost does not work, and indeed lead to decades of pain. In fact, economists year's world renowned, such as Peter Schiff, Global Capitalism Nouriel Roubini and others have warned us the financial implosion due to the monetization of federal debt to government controls subsequent interest in the form of Treasury bills, manipulated COMEX market (recently by former Goldman Sachs employee, was the informant, said money for every ounce of concrete, 100 ounces of paper has been published - they can not meet demand if a large scale "call" was made), and other forms of capital controls. Many may wonder become invalid.