New York

The last time a "epic" blizzard was supposed to slam New York City almost exactly one year ago, it ended up being an even more epic dud. This time, however, winter storm Jonas was no false alarm as millions of Americans across the Eastern Aeaboard woke up this morning to as much as two feet of snow, flooding, no electricity, strong winds, or all of the above.

Submitted by Howard Kunstler via Kunstler.com,

Forecast 2016

There’s really one supreme element of this story that you must keep in view at all times: a society (i.e. an economy + a polity = a political economy) based on debt that will never be paid back is certain to crack up. Its institutions will stop functioning. Its business activities will seize up. Its leaders will be demoralized. Its denizens will act up and act out. Its wealth will evaporate.