What “Collapse” Really Means

Yes, collapse is coming. I feel fine. [Altucher Confidential] October 18, 2023 [WEBSITE]( | [UNSUBSCRIBE]( Things will get worse for those who play by the old rules. And better for those who play by the new ones. [Hero_Image] What “Collapse” Really Means [Chris Campbell] CHRIS CAMPBELL Dear Reader, In the early 1970s, the Massachusetts Institute of Technology (MIT) stirred the pot with a bold prediction. According to their report, titled "Limits to Growth," humanity was on a collision course with disaster. By 2040, they said, society will collapse. The response was intense. "Limits to Growth" became a topic of discussion not just among experts but also in the broader public discourse. TV programs, radio shows, newspapers, and magazines hosted debates, interviews, and discussions around the report's findings and implications. It was an idea ripe for discussion… The late 1960s and early 1970s were marked by heightened awareness of environmental issues, sparked by events such as the first Earth Day in 1970, and publications like Rachel Carson's "Silent Spring" in 1962. Recently, a new generation of “degrowthers” have arisen, demanding the West (specifically) stop growing and start shrinking. And no less, consulting powerhouse KPMG not only apparently confirmed MIT’s suspicions, but said we’re ahead of MIT’s schedule. 2030 is the new 2040 Collapse, they say, is coming. And faster than you think. Let’s talk about why they’re wrong and why they’re right. (And why it’s the best time to be alive.) First… Why They’re Wrong It's easy to dismiss such forecasts. We've seen our fair share of doomsday prophecies come and go. Also, it’s true: MIT and KPMG rely on computer models. Computer models are great at a lot of things, especially when it comes to confirming your own biases. Critics have argued for decades that the MIT model is too pessimistic, that human innovation will save the day. They have a point. After all, technological advancement has been nothing short of miraculous in recent decades. The commoner now has access to knowledge that even the most scholarly of yesteryears would envy. Would you trade your cozy, climate-controlled apartment for a grand but plumbing-less palace from centuries past? Not a chance. BUT There’s a dark lining to our silver cloud. Why They’re Right As history has shown, the most intricate and advanced systems are often the most vulnerable. Like a jet engine, with all its sophistication, it's also prone to catastrophic failures from even the smallest of malfunctions. In the past two decades, we’ve witnessed firsthand the ridiculous fragilities of our financial system, energy grids, supply chains, public health systems, and more. Fact is… Our systems aren’t set up for complexity. They’re set up for a simpler, less dynamic world. Their collapse is inevitable. But, before you run off to the bunker… Let’s put this into perspective. Throughout our relatively short history on this planet, grand civilizations have risen, prospered, and then inexplicably vanished, leaving behind little more than tales and ruins. BUT Collapse of society doesn’t mean the end of the world. It means a rapid exit out of our current systems and the introduction of new systems. Ancient kingdoms and dynasties were replaced by monarchies and feudalism. Pretty soon, our liberal democracies will fall by the wayside, too. And they’ll be replaced by something else. Something new. External Advertisement This could impact over 100 million families in America. Here's how to protect yourself... During and after the Great Financial Crisis of 2008, 485 U.S. banks went under. We warned about 484 — an accuracy rate of 99.8% Now, I have a new warning. But this time, it's not just about a few hundred banks. It's about nearly every single bank in America, whether large or small. [See what it is here.]( What’s Next? I'm an optimist at heart. But it’s clear things will get worse. Especially for those who play by the old rules. But the silver lining: Things will get better for those who play by the new rules. Build for the best. Prepare for the worst. More on these “new rules” tomorrow. First, let’s prepare for the worst. For that, our Paradigm heads are taking a poll: Do you trust the current administration with your money? For yes: [Click here](. (You’re not going to like what you see.) For no. [Click here](. (You’re not going to like what you see, either.) OR if you want to skip it… click the video to watch our Paradigm colleague Jim Rickards explain. [Click here to learn more]( Until next time, [Chris Campbell] Chris Campbell For Altucher Confidential Genesis 47:15 – For the money faileth Jim Rickards started out his 2011 book Currency Wars with this quotation from the Genesis: “And when the money failed in the land of Egypt, and in the land of Canaan, all the Egyptians came unto Joseph, and said, Give us bread: for why should we die in thy presence? For the Money faileth.” Now, nearly 12 years later it looks like he was exactly right… Because according to him…The money is beginning to fail. [And we are on the cusp of an all-out financial war for the U.S. Dollar]( And if you aren’t prepared soon…You’re going to get caught in the crossfire. That’s why he’s recorded [an urgent briefing]( to tell you exactly what you need to do to prepare. Because with the fate of the U.S. economy hanging by a single thread… You don’t want to take any chances. 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