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There’s no room for passive spectators: words without actions are empty and futile. The life we live, not the words we speak, determines our eternal destiny, John MacArthur.

Change will not come if we wait for some other person or some other time. We are the ones we’ve been waiting for. We are the change that we seek, Barack Obama.

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There’s no room for passive spectators: words without actions are empty and futile. The life we live, not the words we speak, determines our eternal destiny, John MacArthur.

There are genuinely sufficient resources in the world to ensure that no one, anywhere, at any time, should go hungry,Ed Asner.

Other resources about economic collapse

Fiscal stimulus is like a drug with tolerance effects; to keep growth constant, deficits have to keep getting larger, Lawrence H. Summers.

There are basically two kinds of tax, the kind the masses can see, and the kind they can’t. The inflation tax is of the second kind,Michael Maloney.

What can we do? Community level

Printing money is merely taxation in another form. Rather than robbing citizens of their money, government robs their money of its purchasing power, Peter Schiff.

The economy is a mess. Bubbles are everywhere, including stocks, bonds, and housing. Quantitative easing cannot last forever. An ever-increasing amount of debt and liabilities that we cannot meet. This Ponzi scheme is like the game of chairs, the music will eventually stop playing and it won’t be pretty.

There are measures that you can take to minimize your risk at a personal level and actions that we should take at a community level.

At the community level, we must consider the following:

The economic system is based on greed. Even when corporations are making a profit they still cut staff (outsourcing, cloud services, automation, etc.) without giving it a second thought. These people become unemployed or get part-time and precarious jobs that do not allow them to consume as many goods and services as they used to. As a consequence, the same big corporations and companies also lose money in the long run and can even go out of business because the middle class has lost its purchasing power. Unsustainable growth and greed are a global threat. We need to change the way we live, the way we think about work, growth, etc.

What can we do about it? On a personal level

Financial markets are driving the world towards another Great Depression with incalculable political consequences. The authorities, particularly in Europe, have lost control of the situation, George Soros

There are measures that you can take to minimize your risk at a personal level and actions that we should take at a community level.

On a personal level, these suggestions have been proposed:

Economic collapse III

Men, it has been said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one, Charles MacKay.