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15
Originally Published by The World Economic Forum 2016 - Welcome To 2030: I Own Nothing, Have No Privacy And Life Has Never Been Better     (www.forbes.com)
submitted by TFS to EconomicCollapse 3.7 years ago (+15/-0)
12 comments last comment...
https://www.forbes.com/sites/worldeconomicforum/2016/11/10/shopping-i-cant-really-remember-what-that-is-or-how-differently-well-live-in-2030/?sh=69e594781735

Welcome to the year 2030. Welcome to my city - or should I say, "our city." I don't own anything. I don't own a car. I don't own a house. I don't own any appliances or any clothes.

It might seem odd to you, but it makes perfect sense for us in this city. Everything you considered a product, has now become a service. We have access to transportation, accommodation, food and all the things we need in our daily lives. One by one all these things became free, so it ended up not making sense for us to own much.

First communication became digitized and free to everyone. Then, when clean energy became free, things started to move quickly. Transportation dropped dramatically in price. It made no sense for us to own cars anymore, because we could call a driverless vehicle or a flying car for longer journeys within minutes. We started transporting ourselves in a much more organized and coordinated way when public transport became easier, quicker and more convenient than the car. Now I can hardly believe that we accepted congestion and traffic jams, not to mention the air pollution from combustion engines. What were we thinking?

Sometimes I use my bike when I go to see some of my friends. I enjoy the exercise and the ride. It kind of gets the soul to come along on the journey. Funny how some things seem never seem to lose their excitement: walking, biking, cooking, drawing and growing plants. It makes perfect sense and reminds us of how our culture emerged out of a close relationship with nature.

In our city we don't pay any rent, because someone else is using our free space whenever we do not need it. My living room is used for business meetings when I am not there.

Once in a while, I will choose to cook for myself. It is easy - the necessary kitchen equipment is delivered at my door within minutes. Since transport became free, we stopped having all those things stuffed into our home. Why keep a pasta-maker and a crepe cooker crammed into our cupboards? We can just order them when we need them.

This also made the breakthrough of the circular economy easier. When products are turned into services, no one has an interest in things with a short life span. Everything is designed for durability, repairability and recyclability. The materials are flowing more quickly in our economy and can be transformed to new products pretty easily. Environmental problems seem far away, since we only use clean energy and clean production methods. The air is clean, the water is clean and nobody would dare to touch the protected areas of nature because they constitute such value to our well-being. In the cities we have plenty of green space and plants and trees all over. I still do not understand why in the past we filled all free spots in the city with concrete.

Shopping? I can't really remember what that is. For most of us, it has been turned into choosing things to use. Sometimes I find this fun, and sometimes I just want the algorithm to do it for me. It knows my taste better than I do by now.

When AI and robots took over so much of our work, we suddenly had time to eat well, sleep well and spend time with other people. The concept of rush hour makes no sense anymore, since the work that we do can be done at any time. I don't really know if I would call it work anymore. It is more like thinking-time, creation-time and development-time.

For a while, everything was turned into entertainment and people did not want to bother themselves with difficult issues. It was only at the last minute that we found out how to use all these new technologies for better purposes than just killing time.

My biggest concern is all the people who do not live in our city. Those we lost on the way. Those who decided that it became too much, all this technology. Those who felt obsolete and useless when robots and AI took over big parts of our jobs. Those who got upset with the political system and turned against it. They live different kind of lives outside of the city. Some have formed little self-supplying communities. Others just stayed in the empty and abandoned houses in small 19th century villages.

Once in a while I get annoyed about the fact that I have no real privacy. Nowhere I can go and not be registered. I know that, somewhere, everything I do, think and dream of is recorded. I just hope that nobody will use it against me.

All in all, it is a good life. Much better than the path we were on, where it became so clear that we could not continue with the same model of growth. We had all these terrible things happening: lifestyle diseases, climate change, the refugee crisis, environmental degradation, completely congested cities, water pollution, air pollution, social unrest and unemployment. We lost way too many people before we realized that we could do things differently.

This blog was written ahead of the World Economic Forum Annual Meeting of the Global Future Councils.

Ida Auken is a Young Global Leader and Member of the Global Future Council on Cities and Urbanization of the World Economic Forum.
15
Our leaders are paving the way for the reign of the antichrist     (ibb.co)
submitted by con77 to EconomicCollapse 3 years ago (+16/-1)
16 comments last comment...
15
Cracks start to appear in the financial system: Bank of England, Credit Suisse and Deutsche Bank     (smallcaps.com.au)
submitted by Spaceman84 to EconomicCollapse 2.6 years ago (+15/-0)
2 comments last comment...
14
The economic collapse is here! Lots of signs that even the rich are financially stressed.      (EconomicCollapse)
submitted by GeneralDisarray to EconomicCollapse 2.7 years ago (+14/-0)
51 comments last comment...
It's now obvious that the economy is fucked.

The new and used car market is crashing. The housing market is crashing. Companies are starting to layoff workers. Many nations are having their currencies devalued. Mainstream stories are starting to predict a depression and full stock market crash.

In the last month I have seen lots of evidence that rich people are selling their luxuries and collectibles in a massive flood of selling.

Boats are 50% off!

Luxury watches are 20% off!

Classic cars are 20% off!

RV's are down!

Million dollar homes are down!

This is how bad the economy is now. Even the rich are trading in their goods for cash. They are struggling just like the poor. These people are responsible for a great deal of the spending in the economy and they are tapped out.

When the car market pops its always followed by housing then the stock markets. We have seen cars and houses drop and now the markets are starting to look shaky.

The crash is here guys.

Combine the normies anger at being poisoned and abused with being financially wiped out and we are on the brink of a global civil war.

The end game is in sight now and the enemies of humanity are far too visible for all to see. Either we see militaries start arresting the cabal or they will be facing off against their own people.

The nwo just ran out of road.
14
Federal Trade Commission sued to block a proposed merger between grocery giants Kroger and Albertsons     (kdvr.com)
submitted by RobertJHarsh to EconomicCollapse 1.2 years ago (+14/-0)
2 comments last comment...
14
'A crisis is about to happen': $929 billion in commercial real estate debt is about to come due     (www.msn.com)
submitted by Scyber to EconomicCollapse 11 months ago (+14/-0)
18 comments last comment...
https://www.msn.com/en-us/money/realestate/a-crisis-is-about-to-happen-929-billion-in-commercial-real-estate-debt-is-about-to-come-due-will-america-s-regional-banks-survive-the-storm/ar-BB1m5EyB?ocid=msedgntp&pc=U531&cvid=3d4b1257be7c4b48a1224ab4e5cc703b&ei=12

One-fifth, or $929 billion, of the $4.7 trillion of outstanding commercial mortgages held by U.S. lenders and investors will come due in 2024, according to the Mortgage Bankers Association (MBA)’s 2023 Commercial Real Estate (CRE) Survey of Loan Maturity Volumes.
13
Tariff Wars     (files.catbox.moe)
submitted by UncleDoug to EconomicCollapse 2 weeks ago (+15/-2)
2 comments last comment...
13
We just lost a world war. Now what?     (EconomicCollapse)
submitted by RecycledElectrons to EconomicCollapse 3.7 years ago (+15/-2)
17 comments last comment...
We just lost a world war. Now what?

Our domestic enemies just gave our foreign enemies every blueprint to every bit of equipment we have. The Taliban have thousands of our armored vehicles and even Blackhawk helicopters. I’m sure that the best Chinese and Russian hackers will be in those electronics in days. Within 45 days, they will have everything compromised, and be totally inside our communication and command & control. We will be unable to defend Taiwan, Guam, Hawaii, or DC.

This is no accident. Nobody is this incompetent. I am not going to touch on the issue of bringing the traitors to justice; I want to discuss something else.

Q: How do we rebuild our national security?
A:
Fire everyone who might be an enemy spy. Fire every non-white-male in the company. Every chick, every black, every Asian is gone on Monday morning, 8/23/2021.
Build an all-drone military. The advantage is that you can take 10% of your military every 18 months and pit 2 generals against each other in live-fire exercises. There’s no “It just has a few bugs we’ll fix.” It works or it does not. We destroy maybe 7% of our military every 18 months for a decade after we start getting these all-drone task forces operational.
Every drone is a single-purpose machine. Take the Fighter Mafia’s concept of “not a pound for air to ground” to a new level. Apply single-purpose design to everything. If 2 things can merge with minimal cost, we will consider that later after we have 2 operational single-purpose vehicles.
As an example, for an air-to-air gun fighter, start with a gun and an engine. Rebuild the computer chips, airframes, and sensors from scratch. This will take years unless we demand a SpaceX-like environment. It’s December 8th, 1941 all over again. We need to start designing tanks, sub-hunters, gun fighters, missile fighters, bombers, CAS aircraft, and much more immediately.
After we have operational drones, we will need to test them against each other in live fights like I mentioned previously. We will have to completely re-engineer each system several times before we hit an optimal system.
The problem is, we don’t have the time. The Chinese are taking Taiwan a bit over 45 days from now, and the Russians are taking Poland about the same time. We are helpless, unless we trigger MAD, which we will not.

13
Restaurant Charging A "Temporary Inflation Fee".     (files.catbox.moe)
submitted by FalseRealityCheck to EconomicCollapse 3.2 years ago (+13/-0)
14 comments last comment...
13
Mastercard CEO: SWIFT Payment System May Be Replaced By CBDCs In Five Years     (www.zerohedge.com)
submitted by TheGardener to EconomicCollapse 2.9 years ago (+14/-1)
14 comments last comment...
https://www.zerohedge.com/geopolitical/mastercard-ceo-swift-payment-system-may-be-replaced-cbdcs-five-years

WEF in Davos - Mastercard CEO Michael Miebach during a discussion on the future of cross-border payments between nations:

The SWIFT system, long dominated by western interests, might be made obsolete along with the proliferation of digital currencies among central banks.

IMF has been also exceedingly vocal about the need for a global digital currency system in the near future to provide “stability” in the face of national inflationary crisis events.

It seems that western sanctions are only accelerating a global move away from dollar denominated structures, but of course, this may be exactly what global institutions like the WEF and IMF want.

Global economic centralization.
Groups like the IMF and WEF could come to “save the day” by instituting a global basket system, likely under the SDR (Special Drawing Rights) basket, in the name of homogenizing and stabilizing various CBDC markets into a single centralized entity.

13
To Younger People (What's coming will make 2008 look like a mere economic hiccup.)      (market-ticker.org)
submitted by we_kill_creativity to EconomicCollapse 1.7 years ago (+15/-2)
32 comments last comment...
https://market-ticker.org/akcs-www?post=249527

Do everything you can to get out of debt, downsize your lifestyle, and become as self-sufficient as possible. Then, when dust begins to settle, you will be able to take advantage of the plethora of opportunities that are about to present themselves.

You can actually consciously decide if what's going to happen will destroy you, or wether you can use it to your advantage.
13
Macy’s Set To Close 55 Stores by the End of 2024     (retailwire.com)
submitted by dosvydanya_freedomz to EconomicCollapse 7 months ago (+13/-0)
14 comments last comment...
https://retailwire.com/macys-store-closing/#google_vignette

Macy’s has announced that it is closing a total of 55 stores by the end of 2024, in the faltering brand’s ongoing effort to revamp its business.

According to The Daily Mail, the company originally intended to close 50 underperforming stores by the end of the year, part of the 150 total locations it will close within three years. However, it now plans to close 55 before 2025.

The locations of the shuttering stores have not yet been announced, but speculation is abounding that the stores will include a location in Newington, New Hampshire, one in Traverse City, Michigan, and one in WestShore Plaza mall in Tampa, Florida. These stores are reportedly set to close after the winter holidays.
12
Brace for Impact     (theeconomiccollapseblog.com)
submitted by beece to EconomicCollapse 3.2 years ago (+12/-0)
7 comments last comment...
http://theeconomiccollapseblog.com/the-war-in-ukraine-is-going-to-trigger-the-biggest-global-food-crisis-that-any-of-us-have-ever-seen-before/

Projections are that due to fertilizer costs over doubling, corn prices will skyrocket in the US. So that's something to add to the price of gas in addition to the stupid Biden administrations earlier moves to close the Keystone pipeline, Stop Fracking, and stop federal oil and gas leases.

We'll get through it, but it will be like the dog says when he wiped his ass with sandpaper: ROUGH.
12
Big Lots is closing up to 315 stores. Here's where.     (www.cbsnews.com)
submitted by iSnark to EconomicCollapse 8 months ago (+12/-0)
16 comments last comment...
12
Americans are still shopping - they’re just going to Walmart     (www.kwwl.com)
submitted by Spaceman84 to EconomicCollapse 8 months ago (+12/-0)
13 comments last comment...
11
There are some serious rumours doing the rounds about a major bank failure     (archive.ph)
submitted by Spaceman84 to EconomicCollapse 2.6 years ago (+11/-0)
9 comments last comment...
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Most Chief Economists Surveyed by World Economic Forum Expect Global Recession in 2023     (dailystormer.in)
submitted by Spaceman84 to EconomicCollapse 2.3 years ago (+11/-0)
8 comments last comment...
11
US national debt tops $35 trillion     (www.rt.com)
submitted by boekanier to EconomicCollapse 9 months ago (+11/-0)
6 comments last comment...
11
Macy's, Kohl's close department stores as they struggle to remain relevant     (www.yahoo.com)
submitted by dosvydanya_freedomz to EconomicCollapse 1 month ago (+11/-0)
7 comments last comment...
https://www.yahoo.com/finance/news/macys-kohls-close-department-stores-as-they-struggle-to-remain-relevant-225146211.html

America's department stores are trying to stay relevant in a new era of consumer behavior.

As consumer preferences have shifted to low-price convenience players like Amazon (AMZN), Walmart (WMT), TJX (TJX), >and Ross Stores (ROST), legacy department stores face a critical juncture.

"There's all these other alternative retailers [that] didn't use to exist like Walmart and Target, ... in hardware Home Depot and Lowe's, and in beauty like Ulta, and, of course, online like Amazon," Morningstar analyst David Swartz told Yahoo Finance. "The department stores were created for a completely different customer."
10
Why the whole banking system is a scam     (files.catbox.moe)
submitted by UncleDoug to EconomicCollapse 2.5 years ago (+10/-0)
0 comments...
From nearly a decade ago and it still holds true.
10
The "starter home" is no more, but that was always the plan     (mishtalk.com)
submitted by RobertJHarsh to EconomicCollapse 1.9 years ago (+11/-1)
11 comments last comment...
https://mishtalk.com/economics/the-starter-home-is-no-more-even-in-second-tier-markets

Realistically they want a nation of renters, not property owners. Property ownership (along with the 2A) has always been the primary stopping block for the (((international elites))) to impose full communism on the US. Now if you don't pay your taxes on the property they can take it from you, and they will. But suppose you pay off house you're in. I bet you can work as a Walmart greeter or McDonalds and make enough to cover the taxes each year. Housing is the biggest piece of anyone's income and once you have a free and clear place (and with most states protecting primary residents from lawsuits) you can pretty much be in a "Fuck you" position. They can't make private property ownership illegal but they can make it so no one can afford it.
10
Nervousness" Ripples Across Coffee Market As Prices Hit Fresh Record Highs     (www.zerohedge.com)
submitted by dosvydanya_freedomz to EconomicCollapse 3 months ago (+10/-0)
13 comments last comment...
https://www.zerohedge.com/commodities/nervousness-ripples-across-coffee-market-prices-hit-fresh-record-highs

Arabica coffee futures surged to record highs on Friday, fueled by the ongoing global supply crunch. The most-active contract climbed nearly 2% in late morning trading, reaching the highest price levels on record dating back to 1972. The multi-year parabolic move in coffee prices only suggests higher Starbucks and/or supermarket market prices in the months ahead if hedges fail to offset bean inflation.
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In Hilarious Reversal, Biden Admin Now Slams Shale For Not Raising Output     (www.zerohedge.com)
submitted by FalseRealityCheck to EconomicCollapse 3.1 years ago (+9/-0)
0 comments...
9
The Great Reset: Volkswagen CEO Warns Ukrainian War Could Be Worse For Europe Than COVID     (www.zerohedge.com)
submitted by FalseRealityCheck to EconomicCollapse 3.1 years ago (+9/-0)
5 comments last comment...
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Romanian shares his memories of living through hyperinflation and what people did to get through it     (www.youtube.com)
submitted by Broc_Liath to EconomicCollapse 3 years ago (+9/-0)
5 comments last comment...