Authored by: RanDomino on Sunday, September 28 2008 @ 01:58 AM CDT

I've read some of Dmitry Orlov's words before (Closing the Collapse Gap is his "classic"), and I think he's basically correct but his timeline is too hasty. I'll bet the status quo can be strung along for another few years before the effects start hitting Jesse Q. Public- It'll take a little while for the effects of these bank failures to trickle down. Next year should be a bad Christmas for retail, and then over the course of 2010 economic conditions will deteriorate relatively rapidly. So that's what I think, based on what I've observed.

Complaining about $4 gas? Good luck buying gas in 2011, for any price. It's funny; I was expecting America to get priced out of gas over the course of 20 years, but this layperson couldn't have foreseen the housing-bubble-sub-prime-liquidity crisis (or whatever they're calling it). Anyway, we all know what the end of affordable gas means to the economy. Sustainability restructuring that would have taken 30 years will happen in 10 or never.
Food shortages in time for Mayan Apocalypse Christmas 2012? Probably not- I don't think Capitalism is as fragile as Mr. Orlov seems to. But there will be a period of upheaval lasting several years, and after that, who knows? But we won't have another opportunity like this again.

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