I ask this question because I think we're already there.
But let me explain. Disasters do not happen all of a sudden. Not a single one. That is, IF you know what to look for. Is a hurricane a surprise? Nope, weathermen can tell you where it's going 1-2 weeks ahead of time. War? Nope, the 'sabre rattling' typically goes on for months if not years before open war starts. I'm not saying we have the knowledge/understanding to predict every disaster (ie Earthquakes), but for many we do have the insight. And for others we're just not smart enough to see the signs.
Now back to the economic mess. Is there anyone who doesn't see economic rumblings, dark clouds on the horizon, winds picking up? I would argue that if you look at the specific details, every single signal is there for a massive economic disaster. 5% unemployment? Sure, if you count master degree experienced workers flipping burgers down at McDonalds and discount the 'disenfranchised'. Sometimes you need to dig behind the simple number.
Now to the topic of when does a disaster start. I believe that is when the causes of the disaster reach a level that is not reversible, without divine intervention, and you do not prepare. Welcome aboard, we got there a few years back. There is no single cause but dozens. Loaning money on homes without evidence the mortgage can be paid. Encouraging welfare so 1/4 or 1/3 of the population are 100% leeches on society, and breeding like rabbits. Opening our borders to disease and crime. Federal spending like they are printing money (like that one?). And at the top of the list: denying that God is the source of our blessings.
This is not your normal up & down economy. We passed that decades ago. Let me give another example. When are you the 'victim' of a hurricane? When the weatherman says it's a danger 10 days before impact? When you do nothing to prepare? When 2 days out he says it will 100% hit directly on your house? When you see the first clouds & rain? Or when you drown in the storm? I argue the end was set when you ignored all the warnings. And you were not the victim of the storm, but of your own apathy.
Welcome to the modern economy. Are you prepared?
But let me explain. Disasters do not happen all of a sudden. Not a single one. That is, IF you know what to look for. Is a hurricane a surprise? Nope, weathermen can tell you where it's going 1-2 weeks ahead of time. War? Nope, the 'sabre rattling' typically goes on for months if not years before open war starts. I'm not saying we have the knowledge/understanding to predict every disaster (ie Earthquakes), but for many we do have the insight. And for others we're just not smart enough to see the signs.
Now back to the economic mess. Is there anyone who doesn't see economic rumblings, dark clouds on the horizon, winds picking up? I would argue that if you look at the specific details, every single signal is there for a massive economic disaster. 5% unemployment? Sure, if you count master degree experienced workers flipping burgers down at McDonalds and discount the 'disenfranchised'. Sometimes you need to dig behind the simple number.
Now to the topic of when does a disaster start. I believe that is when the causes of the disaster reach a level that is not reversible, without divine intervention, and you do not prepare. Welcome aboard, we got there a few years back. There is no single cause but dozens. Loaning money on homes without evidence the mortgage can be paid. Encouraging welfare so 1/4 or 1/3 of the population are 100% leeches on society, and breeding like rabbits. Opening our borders to disease and crime. Federal spending like they are printing money (like that one?). And at the top of the list: denying that God is the source of our blessings.
This is not your normal up & down economy. We passed that decades ago. Let me give another example. When are you the 'victim' of a hurricane? When the weatherman says it's a danger 10 days before impact? When you do nothing to prepare? When 2 days out he says it will 100% hit directly on your house? When you see the first clouds & rain? Or when you drown in the storm? I argue the end was set when you ignored all the warnings. And you were not the victim of the storm, but of your own apathy.
Welcome to the modern economy. Are you prepared?