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View Diary: When the Madness Starts, It Will Consume Us All. (91 comments)

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  •  The only light I can in all this is what happens (18+ / 0-)

    once the shit hits the fan or the toilet. At some point this whole thing is going to fall down and go >BOOM< Maybe metaphorically, maybe literally. The last time it happened we got a reboot with FDR. It might be the one and only way we as a nation can get that again. And that's a rather shitty situation in and of itself.

    I have a purpose in life, I am my cat's doorman.

    by ontheleftcoast on Sun Jan 23, 2011 at 06:17:10 PM PST

    •  Hate to break it to you, but the shit DID hit (16+ / 0-)

      the fan, and somebody flushed the toilet while we were trying to swim.

      The collapse of the banks and housing market were actually a bigger fucking deal than what happened in 1929. But this time we had no FDR in the wings, dedicated to the country as a whole. We have, apparently, few allies in Washington who are in positions of power.

      90% of the government assistance after the crash has ended up in banksters hands, while they continue to willy nilly violate laws right and left, and the courts won't even do anything about it.

      I've been rather slow coming to this conclusion, but we in the working middle class are well and truly fucked, my friend. Any melt-downs to come will be anti-climactic, at least for me in my last decade of work.

      So, don't hold your breath. Find a place in the wilderness to flee to when the NSA/Homeland Security comes looking for you because you've been a PITA to the plutocracy for too long.

      •  Don't try to out shit my shit with your shit :p (10+ / 0-)

        Yeah, it's bad. But it's still not 30's bad. It will get there, but we're not at 35% unemployment. We're not in the middle of the Dust Bowl (though with global warming that's coming as well). So we're not there. Yet. The fan has been turned on. The hand is on the lever. And there is a foul stench is in the air. But the worse is yet to come. Shit.

        I have a purpose in life, I am my cat's doorman.

        by ontheleftcoast on Sun Jan 23, 2011 at 07:20:43 PM PST

        [ Parent ]

        •  Mother Nature Has Not Yet Weighed In (3+ / 0-)

          Give us an ARkStorm, or drought, or CME or Midwest 8.0 groundshake, or any one of a dozen things that can do unexpectedly severe damage to a towering civilization that is built as high and narrow as our own.  

          I agree, we are not yet "30s", in part because of the safety nets put in place since that time.  

          But as we systematically dismantle those nets at a State and Federal level over the coming months, we may see ourselves more clearly in that Depression era mirror.

          And as the food prices rocket up along with the price of oil and other essential commodities, especially in light of recent history I am even less willing to blindly accept the assurances of the "smartest guys in the room" that everything is fine, everything is going to be fine, and there is absolutely nothing to worry about.

          As I read somewhere else - a hard rain may be coming.

          It is not Class Warfare. It is more than that; it is a war for the survival of democracy.

          by Into The Woods on Sun Jan 23, 2011 at 10:27:21 PM PST

          [ Parent ]

        •  I agree, it doesn't seem like the '30's, but I (2+ / 0-)
          Recommended by:
          Badabing, ontheleftcoast

          think that's only because most households were two income by the year 2000, which means that many families are ekeing by on half the income they had.

          The number of foreclosures is easily matching the number of farm foreclosures in the early 1930's, and the unemployment roles no longer tell a true picture -- they don't count those who cannot collect unemployment, so about half or less of all those unemployed are counted. I've heard estimates as high as 25% from some economists.

          Into The Woods, in the comment above refers to the safety net (or what's left of it), and there is some of that, too. Unemployment, for example, holds about 40% of the unemployed above subsistence level for a while.

          So, I think it is indeed worse than it seems, partly because the structural problems that got us here are being ignored nearly three years after the crash.

          Indeed, a closer look at the 1930's reveals a situation very similar in terms of the recovery of corporate profits, though the stock market has improved faster than it did in the '30's.

          You are right, of course -- the worse is indeed yet to come. Hopefully I have my place in the wilderness picked out, because I won't live on the street. I'll die in the woods first.

          •  There is more here than meets the eye (2+ / 0-)
            Recommended by:
            Foxwizard, Badabing

            (or perhaps the nostrils). Thanks for the well thought out response. I can't argue with you on any of your points. It's brutal and many people aren't willing to admit that it is. Just because you've got a job, or don't see the local effects of markets collapsing, or the climate changing doesn't mean they aren't. And trying to change the course of these various Titanics before they hit an iceberg is going to be difficult at best, maybe impossible.

            I have a purpose in life, I am my cat's doorman.

            by ontheleftcoast on Mon Jan 24, 2011 at 08:30:11 AM PST

            [ Parent ]

            •  Yes, it will be difficult; but that doesn't mean (0+ / 0-)

              we should stop trying. Indeed, I believe that the next generation will have to struggle and fight for their future unlike any since my father's; possibly unlike any since the panic of 1877.

              For me, it is nearly too late. But once I am forced out of work, I hope I will be physically able to join the young. They will be forced to wake up, and in Georgia there are signs they may be. But it's too early to see. There are still an awful lot that seem just to be functional nihilists, though they won't admit it.

              Of course, I'm comparing them with my own generation's revolutionary fervor in the '60's, and maybe that's not fair. But we must keep working for change, with a new party if not the sold-out democrats.

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