Wednesday, September 21, 2016

While you were gaming: Game industry and the next financial collapse

What, how and when? How could this ever happen? You might think all of a sudden. By the time you read this the worst must've happened already. Oh, wait, it's well past the speed bump we experienced back in 2008, the sub-prime crisis, which was paved over by bail-outs, financial stimulus and accounting alchemy.


Yes, financial crash similar to the 1930's could happen and most people in that case would be in a much worse place, in so much so that they'd tough to manage even their daily lives yet to have time develop and produce games and for crowds and consumers to have funds and time to play these titles is unimaginable. There's always that possibility. Are you ready? Can you survive? What if your suburb, city becomes a death trap of the walking dead looking for means to survive even few days? Do you not see rioting even over trivial matters in the US? Won't there be riots after the Presidential election? Then what about a financial collapse unlike anything we've seen yet.


I'm not all over this dystopic view of the near future, however what I'm telling you here is not fear porn, but cold reality. You can ask yourself whether you can survive, by what means and for how long. Can you help others, family and friends etc. The gaming industry will have it tough no matter what, even in the case that consumers' median income stumbles with economic downturn, layoffs and such, globalization and it's ugly downside that has led to more wars, radicalization and inequality.



Can you therefore imagine yourself in a such predicament? A putting on a new video soon about this very topic. In the meantime you can look at some the vids on the series I've put this blog post.


Even though this is merely a layman's view of things with a hint of critical thinking, I wholeheartedly recommend everybody preparing themselves both in terms of mentality and physical supplies to last an era of societal and economic uncertainty because of all the signs point towards the implosion of the current rigged financial system. I want to stress as well that instead of a full blown collapse similar to the Great recession, there might be a serious stumble in stocks, shock and a transition period to a new financial system that will hopefully be reformed to suit the majority of people of this planet.

New video last but not least:



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