The three main indicators of collapse seem to be oil use decline, debt deflation and population decline, with oil the leading indicator and population the lagging indicator. But given the food crisis that is now upon us, it is starting to look like it won’t be lagging by very much.Read it at Club Orlov
Revolutionary Conditions
Alex Jeffries
(h/t Peak Oil)
(h/t Peak Oil)
Tom,
ReplyDeletethat was Dimitri Orlov. He makes some interesting points comparing the collapse of the Soviet Union with the expected (by him) collapse of the U.S. I don't agree with all of his arguments, but I thought it was a good point he made that public housing, transportation, power, etc. continued to function (if not ever that well) after the ruble collapsed. Contrast that with the U.S., where if people don't have money they get kicked out of their homes, can't buy gas, have the elctricity turned off, etc.