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Greenspan: “Debt, Deficits and Entitlement Programs Are All Coming to a Head In a Few Months, All Over the World”
Former Fed chief Alan Greenspan told CNBC last week:
Debt, deficits and entitlement programs are all coming to a head in a few months, all over the world.
This is very interesting, given that financial luminaries such as Ray Dalio, Kenneth Rogoff, Bill Gross, Kyle Bass, BCA Research and John Mauldin think that we’re at the end of a debt supercycle.
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Debt, deficits and entitlement programs are all coming to a head in a few months, all over the world.
This is very interesting, given that financial luminaries such as Ray Dalio, Kenneth Rogoff, Bill Gross, Kyle Bass, BCA Research and John Mauldin think that we’re at the end of a debt supercycle.
Isn't that the same thing????
Everyone is overpaid that has anything to do with Government.Tax revenues don't support the reality of the lack of money.Nobody wants to confront the fact that every level of government in society has at least 30% wasteful fat.You name the extremes in pay.Cops,firefighters,teachers,educational bureaucracy,city,municipal office workers.It's across the board.Oil office workers,utility office workers.Not enough taxes means reduction in paychecks or it all goes bust.All of them especially overpaid government which keeps expanding will all cry like babies.
Fortunately, we have the National Football Leeeeeeeegue to distract us.
The "math" has been untenable for years. What must be "coming to a head" in the near future is widespread recognition that no emperors have clothes, or ever did.
The welfare state is still expanding, not just in plain sight but through back door bailouts like student loans. When the welfare state can no longer expand any further - and begins to contract - that is when it all "comes to a head."
The current waves of immigration in the US and EU are going to speed up the process for sure.
My guess... Around 1 year from now for things to start getting rough and about 2 years from now for it to really heat up to a point that no one can ignore any longer that we are heading into a shit storm of historic proportions. After that, the real pain kicks in.
The USSR didn't work, and never could.
The USSA doesn't work, and definitely can't.
The predators-that-be always knew this too.
The plan of the predators-that-be has been to place a noose around the neck of every human being on planet earth (except the predators-that-be themselves, of course).
This is precisely what the upcoming official meetings at the UN are all about.
What is truly astonishing is that humans are so abjectly stupid and timid that they refuse to simply place the noose around the neck of the predators-that-be... and kick away the stools.
And then, start living the good life, san shackles.
We are not concerned about the predators-that-be, referred to by Vitali, Glattfelder, and Battiston of ETH Zurich as the "Network of Global Corporate Control",
http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf . That is because we are not as stupid and timid as you think. We have placed the Network of Global Corporate Control into receivership https://s3.amazonaws.com/khudes/Twitter4.21.15.pdf and have placed commercial liens on the stooges of the Network of Global Corporate Control that are trying to hold up the Global Currency Reset https://s3.amazonaws.com/khudes/Twitter9.9.15.pdf
Appeal to authority logical fallacy is the downfall of the ordinary human. That and abstraction.
The Milgram experiment writ large.
A debt-money system that murders 10s of millions annually during good years is all good, but an AR-15 self-defense weapon that has killed nobody is bad.
And what moron thinks outlawing guns will result in no guns anymore than outlawing drugs resulted in no drugs? In fact, the Banksters/government run the biggest drug running and money laundering (and gun running!) operations into this country!
How a big US bank laundered billions from Mexico's murderous drug gangs
http://www.theguardian.com/world/2011/apr/03/us-bank-mexico-drug-gangs
Banks Financing Mexico Drug Gangs Admitted in Wells Fargo Deal
http://www.bloomberg.com/news/articles/2010-06-29/banks-financing-mexico...
Prosecution free, tax free, confiscation free...
But not if you are an ordinary citizen doing business legally... the mess you up badly!
Asset Forfeiture – How To Steal Americans' Hard Earned Cash With Zero Repercussions
http://www.zerohedge.com/news/2014-07-28/asset-forfeiture-%E2%80%93-how-...
I show this to ordinary people all the time and they can't even muster a comment. What Orwell described as crimestop is too powerful - they embrace the cognitive dissonance.
Selfishness exists at all economic levels of society and, at every level, it dehumanizes us all.
The whole thing is very sick when one begins to fully digest that "red pill."
About 10,000 people a year die along the border because of the oligarch drug war on ordinary people (think Opium Wars 2.0). Meanwhile, the DEA agents are hanging out at drug cartel prostitute parties and nobody gets in serious trouble.
Report: DEA agents had ‘sex parties’ with prostitutes hired by drug cartels
https://www.washingtonpost.com/world/national-security/report-dea-agents...
In fact, they are escorting the drugs across the border for the same Sinaloa Cartel that laundered their money with Wachovia!
Documents: Feds allegedly allowed Sinaloa cartel to move cocaine into U.S. for information
http://www.elpasotimes.com/ci_18608410
For sure. The grand trick all along was to play off of human nature (vices and fears). Worked like a charm.
USG dosnt give a shit - has fucked America from Day-One
Impeach all 535 thieves + I CiC for treason, fraud - yo Gitmo
+1 Jack. Traitors. Not just to the US, but to betterment of the planet as a whole.
"Impeaching" their bosses would accomplish more. Outlawing lobby money, hanging those who give and accept it.
This is not interesting what is interesting and important is how teenage girls deal with love and marriage in Jane Austen novels. That's what the FEDs pay me to do and I'm going to do a good job no matter what meaningless distractions come along.
After the bank bail-outs, I would have never thought the FED could have kept the bubble inflated this long, when taking into account all the CDS's & Hedges any one little thing could have easily brought the whole Ponzi Scheme Crashing Down, so Bulldyker Yellen, I'll down one for you............. That said nothing lasts forever, it appears that China, Russia and basically the BRICS have other plans........... basically your Days are Seriously Numbered! Stock up on PM's, Food, Water & Ammo!
I've spent the past 30 years expecting things to come to a head. Not sure what to expect anymore....I've passed the torch. To the X'ers and millinials, good luck!
A man cannot serve two masters. Greenspan neglected his Austrian Randian roots. He served his master, Clinton/Gore, sustaining the dotcom bubble. Now, Greenspan attempts a final CYA confession. It will not absolve him. He lied. He deceived. He betrayed. There is no honor in politcal treachery, nor historical forgiveness.
Check your premises! There is a story that when von Mises made popular the idea that socialist governments and economic systems were all destined to fail because they lacked a market, the Soviet Union picked up his idea and began using prices in the West to guide their economic activities. This prompted one wag to declare that a statue of von Mises should have been erected in Red Square, due to the service he had rendered their State. In a similar vein, we might laud Greenspan, who, more than anyone else, looks to be the man most deserving to say, "Apres moi, le deluge!", so to speak. :-)
Was Bix Weir on to something? Has this been a deliberate effort to crash - and reset - the world's financial system?
I forgive Greenspam. He's so old he's in his second chilhood. He prolly wets his bed again.
I don't forgive the man, he new damn well what he was doing was ruinous to this county but went ahead and did it anyway. Now he speaks like a man who was never involved in the whole mess. He is on the list.
HI Joe....I just got here, and thanks because I dont need to post or read anymore posts because you said it all in a couple of sentences...THis was all planned, and now they are trying to save their asses....This shit is about over, and altho I dont know to what extent, or exact date, I think it will be rough, and soon...(I wish I was talking about sex rather than the economy, lol)...And so many dont have a clue. Off topic, but about 6 months ago I visted a dating website, just for the heck of it. I do crazy things like that to learn about the world I live in. The women out there? I want to travel, I want to raise a family, I enjoy going to the beach, looking for a man with a good job, looking for a man with a Harley, etc etc etc....Dear lord Jesus these people are going to get a rude awakening in the not too distant future. I dont know anyone around here that has a clue. I am just glad I am not looking for a girlfriend...I did find a couple females on zerohedge tho, but they live too far away. grrr... lol
Just make sure your (grand) kids know. They can't hide from history now, unless an absolute darkness descends.
Faith. Courage. (And guns).
https://www.youtube.com/watch?v=0NQdRfxUkJA
P.S. My wife (and I am fairly old school Texas) is VN. Start there and love with your heart instead of your pecker. Great, hard core women that will keep your ass inline until well past old age!
Regards,
Cooter
They all talk sweet once they give up the Penn. Ave. address. Did you hear Paulson, Geitner giving nice "...it wasn't me, I did the best I could! Honest!" public interest interviews on the telly? Douche. Bags.
I had high hopes when he became chairman. A Randian. FED Chairman. All too soon dashed.
And he may have morally been the worst. He knew better. Totally. And publicly.
Maybe when he got there they had a little sit down to discuss the state of affairs and how things were going to go. Considering Kennedy, I think most people would have been convinced that their best course of action was to play it out hoping to keep the plate spinning until they died of old age.
"The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard." -- Alan Greenspan 1966
He knew the truth at one time, but sold his soul.
Now he's an old man with nothing to lose.
Maybe he's having his "come to Jesus" moment.
Very difficult to believe anyone could erase such profound reasoning from their thinking and rewrite their ideas from another premise. Easier to believe he continued to hold his views, but use his reputation to unlock doors which would otherwise have been closed, giving him no opportunity to pragmatically prove their validity. Without this strategy, his career might have resembled David Stockman's.
well, he already had his Pontius Pilate moment
Maybe Greenspan didn't get an invitation into an underground bunker.
A bunker? The ruling class are in star cruisers, you dolt! Long wishful thinking and happy endings.
buy the abyss.
war.
he and andrea prime candidates for heads-in-baskets.
"To Hell In A Handbasket".
"To infinity and beyond"
( print that is )
Ooo.... What's the Fed's favorite song?
"Some day my prints will come"
he and andrea prime candidates for heads-in-baskets.
So no more give-away subsidies for ExxonMobil et al....?
the plutocrats and the globalCorps are paying this shill greenspan to spread this race-to-the-bottom propaganda...I say hang him (after convicting him for treason)
So he says the FED can't "check the political calendar" before they do their bankster shit? WTF? Like he never did that?
Greenspan: "The barn door is open. The barn door is open."
Yeah? Well who opened it, you gnome?
He's no gnome. He's a goblin.
He is also a British knight.
To be specific:
Knight Commander of the Order of the British Empire (United Kingdom) 2002 [108]
Excuse me....
I HAVEN'T HAD MY CUT YET!!
When has Greenspan been right about anything? So in other words, we're just beginning.
Whenever he talks I do admit that I look for an ulterior motive in everything he says and does. I have met many situational ethics guys like him in my life and they are like him across the board.
He has abdicated the right to be listened to....
Greenspan is a failed Economist attempting to look like he still has credibility by stating the obvious at the last minute when even the shoeshine boys know what's coming down the pike. He is a practicing Johnny come lately in retirement. I suspect that he does not read his reviews or any criticism that would make him doubt his own hubris or intellectual myopia. If he read what we write about him on Z/H he would start drinking to excess IMHO.
Note: Alan Greenspan was never a High Social Monitor type.
I think he is simply hoping that the general public (and whomever writes about his 'legacy') will forget what role he played and that by speaking as he is today he will look like he had been warning us all along.
But not here in the U.S. of course.
Meaning the consequences of Debt, deficits and entitlement programs are coming to a head.....
Think Shemitah, and Judgment
Fuck judgment, I want justice.