By way of Legal Insurrection:
Finnish economist: “I am telling you people that the situation in Europe is much worse than many understand”
So I saw this tweet from Murtaza Hussain of The Intercept:
If you turned the electricity off for a few months in any developed Western society 500 years of supposed philosophical progress about human rights and individualism would quickly evaporate like they never happened.
It reminded me of my post on January 25, 2022, “There are only nine meals between mankind and anarchy, in which I tracked down the source of the phrase:
A bit of background and then this:
It might be worse. I saw this tweet thread by Finnish economist and professor Tuomas Malinen:
I am telling you people that the situation in #Europe is much worse than many understand. We are essentially on the brink of another banking crisis, a collapse of our industrial base and households, and thus on the brink of the collapse of our economies. Short thread. 1/4
We are also totally at the mercy of the authorities, and we have very little knowledge what they have planned. Will they be able to stop the onset of the banking crisis, yet again? I don’t know, but I am doubtful. 2/4
In any case the speed of deterioration is massive now, and it’s only a matter of time, when markets catch up. I am betting that we still have few weeks (months at max.) before “mayhem” truly begins. Take precautionary measures. Stock: 3/4
1. Cash.
2. Food.
3. Water.
4. Wood (if you have a stove).
5. Other necessities.
No harm will come from preparation, if somehow miraculously we can avoid the onset of an outright economic collapse. You just have more cash (no meaningful interest in banks), food, water and wood. 4/4
Wise words - Europe has been through hard times before. This time, it is of its own making. Post modernism and socialism is a failed philosophy. Time for them to learn their lesson good and hard. And I wonder if we in the USA will be able to ride to their rescue.
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