durangodawood
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- Aug 28, 2007
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As Candice Owens says, "Life is hard. Wear a helmet."....It's why we had to leave the gold standard. And that, BTW, is what doomed us. It made our money "fiat" money. Fiat money always collapses.
.....
Its the kind of sentiment you can trot out no matter what objection anyone throws up to the behavior of others, or even yourself. and thats why its so irritatingly worthless.
Gold would have tanked us sooner. So we got a few more decent decades. And at least theres a chance to keep the thing afloat if we can behave well politically. I realize we arent good at that. (On the other hand, maybe a super low growth or stagnant economy would have been better for everyone on balance?)
I see other concrete threats.
1. demographic decline of the great economies and the ensuing pressure toward political extremism.
2. Nuclear exchange (largely and unfortunately backburnered as a concern since the cold war "ended".)
3. Climate change threats to the worlds highly populated coastal regions. As well as rapid shifts beyond what agricultural resilience can adapt to. There's the obvious regional economic and health impacts. But dont forget about the political and migration pressures that will result.
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