"I don’t want to agree with him, because if he’s right, we’ve basically got to go to the mountains with a gun and some soup cans, because it’s all over."
Sounds like it can't be true because I don’t want it to be...
Prechter himself implies that it is already over. We just don’t see it yet, but what's coming cannot be avoided. It's all been temporarily papered over, but that can't last. Not if you leave tens of millions in the US alone in a ditch without any kind of assistance.
Prechter has never shied away from addressing the issue of social unrest that must rear its head as a society winds down. Me, I increasingly have the impression that there are new ruling forces out there in for instance the US and UK who would like nothing better than a series of seriously violent riots, with lots of blood and lives lost, so they can install a clamp down regime and a police state in which civil liberties are eroded at 100 times the speed at which they were obtained, often also with loss of blood and lives.
And the -seemingly- strange thing is, as Stoneleigh here at The Automatic Earth has pointed out before, that many people will be so afraid of what comes that they will actually welcome such regimes. Like sheep herded by dogs. It will feel like we're traveling back in time, both financially and as societies, to 1932 Germany. There is one thing that even Americans who don’t have a penny left to scratch their asses will still have lots of: guns. That and a ruling class that knows this very well.