Dear Eric:
This thing is going unwind so fast that other than we here at Mineset & HSLM, no one will believe it.
Jim
Simply acknowledgement of the financial transition requires acceptance that the system in which most Americans have a heavy vested interest is decaying. This is a tough pill to swallow for a public that tends to resistant breaking of the most simple of life’s comfort routines.
The breakdown of the Roman Empire spawned the mass migration away from city centers as Rule of Law deteriorated with decaying economic conditions. This migration was called suburbia. We still use the word suburbs today to reflect a similar migration. As Dan (Norcini) suggested yesterday, the rule of law is weakening as local and state budgets continue to deteriorate,
Budget cuts are forcing police around the country to stop responding to fraud, burglary and theft calls as officers focus limited resources on violent crime, USA Today.
Inner city care is closing down,
As the hospital shuts down various departments, it will lay off its 1,000 employees, a hospital spokeswoman said. A spokeswoman for 1199 SEIU United Healthcare Workers East, which represents 900 workers, said they had been told positions would be "phased out."
It's the second acute-care hospital to fold in New York City in less than two months. St. Vincent's Hospital, the last Catholic hospital in the city, closed in April and filed for bankruptcy. online.wsj.com
The Roman Empire collapse because the economic foundation from which it was build had collapsed. Are we destined for a similar outcome today? Devaluation, either through printing money or clipping coins, will not provide the necessary investment to rebuild our gutted manufacturing and technology base.
Mineset & HSLM cannot be the only voices concerned enough to communicate their vision. Society does not have to end in a fiery doomsday because of debt and fiscal mismanagement. History suggests, however, that it will change the way we live - and maybe that's a good thing.
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