Posted 11/19/2012 00:24 (#2705331 - in reply to #2704382) Subject: RE: How long can we go?
I don't think you are being a Debbie downer, you are just asking a very pertinent question.
To me there are 2 trains of thought:
Thought train 1) That production agriculture will just keep on as it has since the 1930's. This train of thought assumes that what we have come to know as currency is the dollar. Everything in this line of thinking is affected by it.
Thought train 2) Since the driver of the AG economy is the dollar, huge changes are going to occur when there are huge changes in the real value of the currency.
With the dollar no longer backed by anything, bad things will happen when the worlds largest economies no longer recognize the dollar as a standard of currency. The IMF can do whatever they want with the value of the dollar.
It is too late for the US gov't to fix it's (our) fiscal problems. Add to the currency and national debt problem the fact that the vast majority of the crops now being grown in the US are genetically altered, the majority of our fertilizer is imported, much of the seed is grown in foreign countries, much of the machinery is now being built in foreign countries, over 40 million families on food stamps, taxes and gov't regulation increasing exponentially and it all adds up to a train wreck. None of the things aforementioned were true even ten years ago. So yes, it IS different now.
To answer your your question: Not much longer.
The ones who have the best chance of surviving what is coming are those who are self sufficient. The Amish for example. MHO