I first published an analysis of Argentina’s collapse and its relationship to our own future on my old blog in January 2011, and republished it here that summer. I’ve long been fascinated by Argentina’s slow, steady decline, and immediately saw the parallels to our own society. I’m still monitoring the situation there, and it’s become curiouser and curiouser.
Let’s see what awaits us in the near future, or which has already hit our country:
- Inflation will rise dramatically, but the government will simply massage the figures down to whatever level they prefer. Anybody who is monitoring their grocery bills is aware of this going on here already. The government is so heavily-indebted that recording the true interest rate would make COLA payments spike and immediately send our currency into a free-fall. Our current true rate of inflation is almost 10%, but the BLS is recording a steady rate around the Fed’s target of 2%. As we already know, “When it becomes serious, you have to lie.”
- Attacks upon or persecution of the Church, particularly focused on Catholics (the old leftist scapegoat). Whenever people start to think that more people need to give them more stuff, they go piss in the holy water and manhandle a priest. True story. The political fight over the HHS Mandate (anti-papist legislation, if there ever was one) is just the beginning. Americans always like to start their fights with a lawsuit and a media campaign before they come out swinging.
- We’ll get used to periodic outbreaks of looting. Britain saw this in 2011, stunning the world, and Argentina fought a spate of it over the holiday season.
- And finally, we’ll see the end of capitalism (well, what’s left of it), with price freezing and bans on advertising, and the eventual nationalization of private shops. Soon we’ll all have to use scrip at the national store.