The Upcoming Collapse - From a Game Developer's Point of View


If you watched the news recently, you might be a bit amazed about the strange contradicting headlines. On the one side, we appear to be in a economic recovery phase (or even boom) but are surrounded by failed states, exploding deficits and failing currencies. How does this make sense? And what does this mean?
What is going on?
Basically: Currently we have a financial industry which is bigger than any other industry. It manages and generates more money than anything else, although it doesn't even produce anything. It basically generates money out of thin air. If you ever worked on the game design of a virtual world it's pretty clear that this doesn't work for a long time. Sooner or later the money system in your game world will stop working. That's what nearly happened in 2007. But instead of 'resetting' the game world, the politicians decided to let the banks continue. They 'fixed' the buggy system by pushing out more non-existing money out of thin air.This worked for a short time, since this whole system now is based on trust in the system and confidence in the future development of the system. People simply believed that the bugfix worked. But it didn't, because they actually didn't fix anything. And now it is breaking down again. There are so many signs for this, you only have to take a look into a newspaper, for example from today:
- The FED is currently literally printing 200 billion dollars per month. This is basically theft: For every printed dollar, the dollar in your pocket is worth less. And with this record rate of dollar printing, it will be soon worth nothing.
- The Gold price is currently exploding. Every day, we currently see record highs, and gold is soon hitting the 1500 value. Gold is basically the clinical thermometer of the economy. And today, it says something is really out of control.
- Greek government bonds now have a new record interest rate: 18,3 percent. It's clear that no one ever will pay this back again.
- Oil price: No comment :)
What will happen now?

What can you do about it?
If you have some money lying around, it will soon be worth nothing. Buy something of value with it. Like silver, gold or if you have a lot of money: real estate. Some piece of land, a house, or whatever. And then wait for the collapse and smile. And even if it doesn't happen: You've lost nothing then.nine comments, already:
Agreed, but I think it may already be too late for ‘regular’ people to buy precious metals, which seem to be in a bubble themselves too because of all the people who have already ‘hedged’ that way. As ever, by the time normal people find out about something, they’re at the tail end where all the losses are made :/ http://seekingalpha.com/article/260900-t..
If the monetary system collapses, gold wins big. But if it doesn’t, the gold bubble will probably collapse. Seems like the smart money is in both, although most of us can’t afford that.
steve (link) - 19 04 11 - 10:54
100% full ack. We are fucked.
Riiight - 19 04 11 - 11:55
We are recycling history. Again.
Navid - 19 04 11 - 12:46
Agreed, but I do think, that if (or WHEN, actually) the collapse happens, none of us will be smiling.
Tazo - 19 04 11 - 13:42
You talk like a terrorist. Some sort of eye-opener terrorist. Very dangerous.
CIA - 19 04 11 - 16:12
I usually cringe when you make a political post to this blog, but I’m in 100% agreement on this point. It’s undeniable by anyone using logic instead of emotion. Inflation is an invisible tax, and we are all about to be taxed into poverty.
monjardin - 19 04 11 - 17:19
http://www.chrismartenson.com/blog/break..
... seems like the news reports are piling up.
There is also a three hours “crash” course, about the out-of-control numbers, everywhere in our society: http://www.chrismartenson.com/crashcours..
Check it out, it’s worth it.
Arnold - 19 04 11 - 22:05
niko have you herd of a man named Ron Paul?
Anthony Jones (link) - 03 06 11 - 09:41
Put all your money in bitcoins. Pronto
Gypsy - 19 06 11 - 18:19