Making the chicken run

by Doug Casey at The Daily Reckoning]

"Making the chicken run" is what Rhodesians used to say about neighbors who packed up and got out during the ’60s and ’70s, before the place became Zimbabwe. It was considered "unpatriotic" to leave Rhodesia. But it was genuinely idiotic not to do so.

The person who eMailed this article to me gave a subject titled "Too depressing -- Don't Read This". Naturally, I began to read the eMail immediately because I'm brave and knowledgeable about politics and ecomonics, and therefore could simply ignore the warning, much the way doctors and nurses ignore the "Authorize Personnel" signs at the hospital. Unfortunately my bravery and knowledge were not sufficient to prevent me from being depressed. If you chose to read the article before you began to read my comments about the article, you probably share my sentiments.

Mr. Casey writes, "Nothing is certain, but the odds are high that the US is going into a time of troubles at least as bad as any experienced in any advanced country in the last century. I hate saying things like that, if only because it sounds outrageous and inflammatory and can create a credibility gap."

I understand, and agree completely. I've been warning people about an economic collapse since at least 1997, and I still have people telling me that I'm exaggerating. "The government would never allow the economy to collapse! That's why they created the Federal Reserve." I'm still not sure how to interact with people like that. It would be like warning people to rush to the lifeboats even before the Titanic hits the iceberg. Even after they struck the iceberg, many aboard the Titanic refused to believe that anything was seriously wrong. Needless to say, those people comprise most of the one who didn't survive.

"Within the next 24 months, the dollar is likely to start losing value rapidly and noticeably. - And that will be just the start of the trouble. - But it has the potential, at least in relative terms to be more serious in the US than it was in Argentina, Brazil, Serbia, Russia, Mozambique or Zimbabwe.. [because] people in those countries knew they couldn't trust their government and acted accordingly, even in contravention of the law, by accumulating assets elsewhere. So there was a significant pool of capital available for rebuilding. Americans, on the other hand, tend to be much more insular, law-abiding and trusting in their government. When they lose their US assets, they'll have lost everything."

The Boy Scout motto is "Be Prepared". There is a significant difference between being prepared and not being prepared. The car accident may be inevitable, but you'll be much better off if you wear a seatbelt and have airbags installed. If you don't, you'll never have to worry about paying for car insurance again. The economic collapse is inevitable, and now it has become immient. If you don't move your wealth to tangible assets (silver, gold, commodities) now, then you don't have an economic seat belt or a politcal life boat to improve your chances of survival.

"So here's another prediction. Riding the economic and social disorder, these new Praetorians, oriented as they are toward professional paranoia and the "national security" state, are going to become truly virulent. They're going to use the continuing economic crisis to increase their power, like it or not. The American people will demand it, since they are so degraded that they really do prefer the appearance of security to the prospect of having to take personal responsibility."

In my Constitution class I suggest that Americans have lost any sense of responsibility. Instead of being responsible for their children's education, parents send their offspring to government indoctrination centers. Instead of saving for retirement, most people are dependant on government social security. A woman spills hot coffee in her lap, so she sues McDonalds - and the jury awards her a multi-million dollar settlement. (I'm told that verdict was eventually reversed.) The stubbornly independent and totally self-sufficient work ethic so prominent throughout America's history is gone. The unions have held companies and corporations hostage for years (not that I'm a big fan of corporations), and now the union workers in Wisconsin are screaming bloody murder because the government wants to balance the budget rather than continue the gravy train they've grown used to. Overall, the near future doesn't look good.

I want to thank Doug Casey for his literary talent. When he describes our coming hardship, at least he is clever about it. "I expect what we're looking at is going to be much more serious than any past crisis, partly because America has already evaporated, like the morning haze on a hot summer's day. You're not in Kansas anymore. Kansas isn't in Kansas anymore."

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