05 September 2009

Obama Depression Watch: Next Level Must Wait

Return of Recession
Rising unemployment leads to depressed retail sales, rising foreclosures.

US Government fiscal meltdown as tax receipts plummet
US government spending skyrockets, while tax collections crash and burn.

Government spending spree unstoppable?

State governments cannot print money, faced with deficits from here to eternity . . .

Meanwhile, the US federal government is hiring new employees like there is no tomorrow. And while private sector wages are stagnant, wages (and benefits) for federal workers are reaching for the sky. Watch this fragmentation of society, as the non-productive (destructive) government sector sucks up resources that were desperately needed by the private sector to create jobs, innovation, and prosperity.

What does all this have to do with the next level, the singularity, the coming age of abundance? Just this: before an effective and competent group of humans can self-organise to reach the next level, they will have to cross through a time of difficulty. Only those who are aware of the problems in advance, and have prepared for them, will have a chance to reach the next level on the other side.

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Anonymous Anonymous said...

And I heard another voice from heaven saying: "Come out of her my people, that ye be not partakers of her sins and taste not of her plagues." (Rev 18:4)

Bwa huh wha? I think I was just channeling Brother Love there for a second. Pack up the babies and grab the old ladies cuz everyone goes - to Brother Love's show.

Saturday, 05 September, 2009  
Blogger al fin said...

Right. Of course under a Brother Love regime, all you have to do is believe.

In the real world, competence is important. One must have a number of fallback positions.

Monday, 07 September, 2009  

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“During times of universal deceit, telling the truth becomes a revolutionary act” _George Orwell

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