Scary predictions indeed! "I believe the aggregate economic effect of these failures will be a worldwide deflationary depression. I will not be surprised if it

Scary predictions indeed! "I believe the aggregate economic effect of these failures will be a worldwide deflationary depression. I will not be surprised if it is as bad in terms of unemployment and hardship as the 1930s. I expect that it will be attended by international political and military mischief." "Such an oil shortfall would put at hazard such "normal" American activities as national chain retail and industrialized agriculture. I doubt that the WalMarts and K-Marts of the land will survive..." "we are going to need local agriculture again, practiced on a smaller and more organic scale. We are going to regret turning some of our best farmland proximate to towns and cities into shopping malls and suburban housing tracts." "We are going to have to live more locally, and more self-dependently. All our activities will have to be conducted on a finer scale...We are going to have to re-invent smaller-scaled farms (with value-adding activities), and we’re going to have to localize, or at least regionalize, commerce. We may have to start making some things again ourselves, or do without them for a while." Those quotes aren't from this article though. They're from the same guy's article from nine years ago about what's going to happen in the aftermath of the Y2K bug. (http://kunstler.com/mags_y2k.html http://kunstler.com/mags_y2k.html) He's still making the same predictions, and still has the creepy preoccupation with Wal-Mart.