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The bubble was probably popped at the moment when a child had spoken up and exclaimed, but the emperor has nothing on! He has no clothes! He is naked! See, the bubble is empty inside! When I had asked my dad for a pair of shoes in my dream and he said that he couldn't afford them, except by arranging to create more debt, I should have known that the house was coming down.
There were cries heard in the real world in those days of the great disintegration of the financial system of the world, cries that legislation should be passed under which the droplets would be gathered up, so to speak, and the bubble be put back together again. Those were desperate cries of desperate people, for governmental bail-outs and the like, but they were hopeless cries in the night preceding a darkness more dense than any night ever had been - a night in which nothing was heard except cries of agony.
In the shadow of the financial disintegration the physical economies ground to a halt and disintegrated. Commerce can't function without valid currencies. It is easier to conduct international trade without currencies on a value exchange basis, than it is to conduct the local, everyday economy, without currencies in a world where the gun become dominant. It was the economy that had once supplied the essentials for people's living, that had popped. Trade without currencies had previously been proposed by LaRouche as a measure to defeat the currency speculators that feed on floating exchange rate fluctuations, which they themselves caused to fluctuate. But local commerce without currencies hadn't been tried for millennia.
The disintegrating bubble, as Steve had warned, had brought down the structure that supported the essential commercial activities on which the populations had come to depend, such as supermarkets, delivery systems, fuel supply infrastructures. They all ground to a halt for the lack of money once the value of currencies was put in doubt. The banks, the investment houses, the stock and bond markets, became burnt out ruins in the fire of their own game, while the mighty dollar became reduced to toilette paper. Every pension fund evaporated. Even the governments' ability to maintain order failed, and rightfully so, because the governments had failed in the first place to maintain the required financial and economic order and the infrastructures that are needed to support the cultural, scientific, and physical self-development of society.
The worst chaos occurred in the cities. The cities quickly became like isolated castles under siege. No fuel was coming in and no food, and soon there was no electricity either. The loss of electricity shut down sanitation and the cities' water supply systems. Some people woke up and said that the US now suffered the same pains it had inflicted on other nations for many years, like in the Middle East and Africa. They also pointed out that the poorest of the poor counties had survived this, though hundreds of thousands of people had perished every year in the poverty of their destroyed and imprisoned world that had been sentenced to a painful biological and physical collapse. The USA proved to be far less resilient. The pain and the dying became worse in the USA. The few supplies that were left in store houses and in people's basements, before the crash began, were quickly claimed by armed roaming gangs.
The gun ruled supreme in those days, especially in the American cities. The citizens had armed themselves over the years to their teeth with 300 million handguns and billions of rounds of munitions. Even the farmers were more heavily armed than the Sheriffs were. In all this ensuing chaos the ever-present militia played also a role, forcing their demands with its military assault weapons and logistical support bases that were created for precisely such situations. They were ready when the expected anarchy broke out, but their purpose was not to create order and to rebuild an economy.
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