General Discussion
In reply to the discussion: There will be blood. [View all]Moostache
(11,107 posts)1 - we are a population in insolvency RIGHT NOW...April 1st rents and mortgages are the first (of many to come) that will be missed by a lack of ability to pay. People are stressed about where the money to buy food is going to come from, utilities are going to be in arrears and within 2-3 months, people are going to be facing shutdowns of water, electric, phones, cell phones, internet access....everything that modern life depends upon to stay 'modern'...
2 - that lack of ability to pay is also the death knell of small restaurants and businesses across the nation. After they fail to pay rent, they fail to pay for deliveries and the snowball is heading down the mountain without a way to stop it. Their credit rating is finished, their ability to get loans and inventory and stock is finished. They are bankrupt and will not return in any recognizable form. Millions of additional jobs are evaporating today.
3 - the failure of small businesses will collapse local government budgets and state budgets - which CANNOT operate in the red the way the Federal Government can. All 50 states, which have been thrown to the wolves to fight and fend by Trump, are going to be bankrupt and in default by July. The loss of local government and state government and total absence of a federal response leaves a massive vacuum that will not stay empty...it WILL BE FILLED.
4 - Once widespread bankruptcies and state failures take hold, there will be riots - for food and water. People with nothing can SPEND nothing...commerce in a capitalist system ceases to exist at all...the rich MUST see this is true, without consumer base they too have no income...ownership of "assets" cease to have value when the 'assets' no longer provide income or appreciate over time.
5 - Without a strong, centralized and CONTROLLED plan (administered via the military and National Guard) for distribution of life sustaining food, water and supplies, complete chaos is only 2 weeks (a regular restocking and shipping schedule)...a similar ban on foreclosures and evictions is MANDATORY...we as a society cannot survive throwing people out of their homes and into the public without food, shelter or hope of changing that situation any time soon.
This situation is dire...but failure to have smart, competent people planning for what's coming is deadly.
