Here is a video showing how badly Detroit has been affected by the collapsing housing market. Towards the end of the video you can see some amazing mansions in the worst-hit areas of Detroit that you can supposedly buy at a massive discount.
Hmmm.... first I read this transcript from a speech by Dmitry Orlov entitled "Social Collapse - Best Practices", and then I saw on Boing Boing the post How are you coping with Collapse-Anxiety?
The first post describes what might happen if the US collapses in the same way economically as the USSR did in the 1990's. It then goes on to making recommendations about what to focus on - essentially food, transportation, shelter and security. I thought it was fascinating because although I have been thinking for a number of years that the economic situation was going to get bad, I didn't envision quite a collapse of that order of magnitude. As the crisis continues however, the possibility suddenly seems to become credible.
I found the comments interesting in the Boing Boing post. It seems as though quite a number of people were actually starting to find themselves in situations reminiscent of those described in the first post - primarily from posters in the US. Scary.
