Here’s what Dmitry Orlov has to say about the accelerating collapse:
I haven’t been posting of late, mostly because I feel that my job is more or less done. I called it as I saw it, and, unfortunately, I seem to have called it correctly. The US is collapsing before our eyes. Stage 1 collapse is very advanced now; stages 2 and 3 are picking up momentum. I might have more to say later. In the meantime, here is a guest post from a nurse in Michigan. He does not wish to be identified. With the decline of one of the last vestiges of our manufacturing base, the auto industry, Detroit and the surrounding areas are described as "ground zero" for the meltdown that has been occurring. Places that just a few years ago seemed like icons — various restaurants, movie theaters — are being shut down and boarded up. Meijers, Walmarts, Target are all cutting back their employees’ hours and making them work 32 hours a week instead of 40. Christmas sales are down this year, and retailers are just about giving their stuff away. There are rumors that many will further cut their already worried employees, and that others will go bankrupt. In the last few years, roughly half of my neighborhood has gone up for foreclosure, and I live in a middle class neighborhood. I am still haunted my the memory of a neighbor down the street driving away with her 3 children, tears streaming down her face. She was a victim of the auto layoffs. I learned later that she stated that she had nowhere to go. Just a few months ago, the street was alive with the sound of children playing. Then the streets became silent. Homes that went up for sale are just sitting there, not being sold.
From prognosticator to witness
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