Name one successful company that has 800,000 non-essential employees.
Imagine: the federal government collapses, poof, gone.
Maybe it’s 2034, the date the government admits it can’t pay it’s $50 trillion Social Security bill.
Or maybe it’s earlier. The national debt is at almost $22 trillion, plus the massive everything-bubble created by the federal reserve money printing. Those don’t bode well for the future of the dollar.
It is inevitable that all this debt and the debasing of the US dollar will eventually hurt.
The longest government shutdown in history is a tiny preview, a little case study on what is coming when the federal government shuts down for good.
When it can’t pay its bills, when it runs out of cash flow, or when the US dollar has no value, what will happen?
Will planes fall out of the sky, and terrorists wield AK-47s in the rapidly crumbling streets? Without USDA guidance, humans begin subsisting on dirt and tree bark.
Or… perhaps federal workers will find themselves a private sector job in the emerging gig economy.
Maybe state governments will step up to fill whatever services their voters think were necessary from the federal government.
And maybe we will see government agencies replaced by the private sector.
Sound too good to be true? Because all three of these things are already happening in response to the government shutdown.
1. Unpaid, furloughed government workers have started working gig jobs like temporary labor, security guards, renting rooms on Airbnb, and driving for Uber.
That’s the great thing about the gig economy, where people do contract work and get paid when they complete each task. You can easily jump in and start serving clients in whatever field you know best.
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