First, read this and associated commentary: http://www.sovereignman.com/expat/is-it-fixable
Next, read this and associated commentary: http://www.sovereignman.com/expat/what-are-the-social-implications-of-economic-collapse
From the first post:
At the tail end of World War II, a new global financial system was concocted that was heavily biased to disproportionately benefit the United States. Over the subsequent decades, foreign countries would obligingly mop up US government largess and finance out of control retail consumption.
It got to the point where people felt it was a natural right of Americans to have huge homes, cheap gas, and oodles of junk, as well as a government that could buy anything it wanted without giving a second thought to fiscal discipline. Much of this was made possible at the expense of peasant workers overseas.
For years, they imported US inflation and suffered a tremendous disparity in standard of living, all because of how the global financial system was set up. This system, based on the United States as the center of the economic universe, is now completely fractured, and it’s the biggest game changer in centuries.
Is it possible that such a force can be stopped or reversed? Highly unlikely.
I would agree.
How do the above posts and subsequent discussions affect your preps and plans?