Quote:
Originally Posted by Coup
Crash? No.
It will be a long slow burn into oblivion for us... most likely
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this would be my bet as well. a complex set of patchwork declines for the large majority of the population, while a minority migrates to successively smaller enclaves of relatove prosperity.
it's a very complex situation. the money supply and global financialism, with it's corruption and vulnerabilities, is just one small part of the system.
You can use the collapse of the roman empire as a model - it took several centuries before roman technology was lost, and in some areas it was never really lost, just practiced in a much modified and limited form.
people crave apocalypse - a jubilee, when things reset, all debts are canceled, and everything gets stripped down to the basics. It's just not the most likely probability.
now, if you happen to get caught in one of the cities or regions hit by the patchwork collapse, sure, it will feel like katrina, if you want to use that as a model. It;s nit a very good model, an economic collapse is not like a hurricane and flood wiping out basic infrastructure physically, but there will be some similarities.