More than two years ago, the day after we nationalized
Fannie and Freddie, I penned an article in which I forecast the end of the US
as an empire and the end of the US Dollar standard. Despite the fact that
others had been calling for a collapse of the US for years, my piece still
received a great deal of hostility and condemnation. The comments ranged from,
“you’re out of your mind, the US will
always be #1” to “I don’t like the
bailouts either, but you’re taking it too far.”
Here we are, two years later, and to be honest, the stuff
that has come to pass is simply mind-blowing. In plain terms, the US is now a
country in which…
knows that the Wall Street banks KNOWINGLY engaged in fraud (Citibank
executives confirmed this under oath), predatory lending, and other
felonies and NOT ONE executive has been charged with a criminal act.
is clear evidence that elements of the Financial Crisis were intentionally
induced by key players in order to wipe out their competitors (you know who
I’m talking about).
head of our central bank has LIED under oath about monetizing the debt
(among other things)… and walks free.
Secretary of the Treasury KNOWINGLY chose to hand out as much public money
to Wall Street in exchange for what he and everyone else knew were worthless
garbage assets. Again, no charges.
President increased troop levels for wars EVERYONE knows were started under
false pretences (and continued policies of torture!?!?!) and WON the Nobel
Let’s face it… if an alien came down from outer space and compared
the US to other countries, it’d think we were just another 3rd world
country that somehow managed to get bigger than the others. We’ve got the same
levels of corruption, fraud, and lies, combined with the same looting,
indebtedness, and crumbling infrastructure.
In plain terms, this is the beginning of the end. When an
entire country’s economy is based on imaginary math, accounting gimmicks, and ideas
that don’t even make sense on paper (let alone in reality) you know that
economy will collapse.
Look at the reaction to QE 2. Even the most bullish idiot knows
deep down that nothing good will come out of it. QE 1 failed. QE 2 will as
well. Not one person has a single doubt about this. Sure, they might smile and
say it’s great on TV (or in their op-ed columns) because their job or political
pressure requires them to do so, however, their eyes tell the whole story. Not
one of them looks confident or composed… they all look exhausted, strung out,
and terrified. They should be, they know what’s at stake (EVERYTHING).
Enjoy this last little burst of enthusiasm while it lasts.
The end game has begun. There’s a reason it’s called “extend and pretend,” it’s
because it doesn’t STOP what’s coming… it only pushes it back a while.
PS. If you’re worried about the future of the stock market
and have yet to take steps to prepare for the Second Round of the Financial
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