Indeed, the damage is done, and the patient may bleed out. Instead of bankrupting the banks, Congress bailed them out, and in the process sold out the American public, They've been doing it for so long, they didn't even realize what they were doing.
Is the US TBTF, or the EU, or China? The simple answer is no, but that's the lie we were told about the banks, because Congress doesn't want to own up to the reality that the gig is up.
We're at the end of a seventy year business cycle fueled by deficit spending, and it didn't have to end this way. It's only been since Reagan's administration that federal spending began spiraling out of control, pumping trillions into the economy while wages stagnated. Those benefiting from the system don't want the party to end, reminiscent of the ball room scene from the 70's movie, "The Poseidon Adventure". Unfortunately, the aftermath may be the same, i.e. survival scenario, with the only unknown being whether the vastly less populated world will be a police state, or one based upon individual freedom.
People in this country have been arming themselves since the economic downturn began. That Obama was elected President matters little, as our government has taken on a life of it's own. In addition to arms, there are a number of things people can do to prepare themselves for short or long term societal collapse. Having a plan is the most important thing, and then executing your plan.
One of my New Years resolutions was to start blogging about my own preparedness plans, but there is plenty of information out there. I recommend reading Patriots by James Wesley Rawles, and there's a series of posts about the Argentinian collapse in 2001 written by an individual known as Ferfal. Patriots is a "best practices" of survival planning, and Ferfal is a first hand account. It isn't pretty, but it may save your life to know what could happen and how to plan for it.
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