If you’ve been following Re:Generator for the past few months than you should be aware that the staff have been wary of financial melt down for quite some time. In fact, our fears of economic collapse have been a topic of long discussion between Robert, Ryan and myself for months now as we have been watching the financial news in horror. However, it seems our fellow countrymen have been slow to recognize that the value of the dollar has fallen so hard and so fast that America has become, in the words of some, a shopping mall for European consumers. Frankly, I find it kind of sad it is now cheaper for Europeans to cross the Atlantic and shop in the US than it is to shop in their own country.
Although American news outlets are still reluctant to admit the fact that the economic outlook for the future is quite grim, European news outlets have no such problem mentioning that the world economy is taking a beating. In fact, the European media is saying that the coming depression may be much worse than the great depression which began in 1929. However, if we add the devaluation of the dollar (which is causing increasing energy prices among other problems), the credit crunch, sub-prime loan fiasco, imperial wars and deranged monetary policy (Thanks, Bernake) to the fact that we are running out of food, things look pretty damned bad.
Even though the former Federal Reserve chairman Alan Greenspan has warned of stagflation, most of our countrymen don’t realize how bad things could get. So, while you are sipping your champagne tonight while counting down the seconds until the New Year, take a moment to consider that we may very well be fucked. I am no economic guru, and although I got an A in Econ 101, I don’t know any answers. However, I do know how to read. It’s about time for us to start paying attention to what is going on, and listening for solutions to our economic problems.
Personally, when shit hits the fan I am fleeing to Russia, Israel or the Re:Gen commune. I hope you’ve got a plan.
