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"The End Game: 2012 And 2013 Will Usher In The End" - The Scariest Presentation Ever?
If Raoul Pal was some doomsday spouting windbag, writing in all caps, arbitrarily pasting together disparate charts to create 200 page slideshows, it would be easy to ignore him. He isn't. The founder of Global Macro Investor "previously co-managed the GLG Global Macro Fund in London for GLG Partners, one of the largest hedge fund groups in the world. Raoul came to GLG from Goldman Sachs where he co-managed the hedge fund sales business in Equities and Equity Derivatives in Europe... Raoul Pal retired from managing client money in 2004 at the age of 36 and now lives on the Valencian coast of Spain, from where he writes." It is his writing we are concerned about, and specifically his latest presentation, which is, for lack of a better word, the most disturbing and scary forecast of the future of the world we have ever seen....
And we see a lot of those.
Consider this:
- We are here...
- We don’t know exactly what is to come, but we can all join the very few dots from where we are now, to the collapse of the first major bank…
- With very limited room for government bailouts, we can very easily join the next dots from the first bank closure to the collapse of the whole European banking system, and then to the bankruptcy of the governments themselves.
- There are almost no brakes in the system to stop this, and almost no one realises the seriousness of the situation.
- The problem is not Government debt per se. The real problem is that the $70 trillion in G10 debt is the collateral for $700 trillion in derivatives…
- Yes, that equates to 1200% of Global GDP and it rests on very, very weak foundations
- From an EU crisis, we only have to join one dot for a UK crisis of equal magnitude.
- And then do you think Japan and China would not be next?
- And then do you think the US would survive unscathed?
- That is the end of the fractional reserve banking system and of fiat money.
- It is the big RESET.
It continues:
- Bonds will be stuck at 1% in the US, Germany, UK and Japan (for this phase).
- The whole bond market will be dead.
- Short selling on bonds - banned
- Short selling stocks – banned
- CDS – banned
- Short futures – banned
- Put options – banned
- All that is left is the Dollar and Gold
It only gets better. We use the term loosely:
- We have around 6 months left of trading in Western markets to protect ourselves or make enough money to offset future losses.
- Spend your time looking at the risks of custody, safekeeping, counterparty etc. Assume that no one and nothing is safe.
- After that…we put on our tin helmets and hide until the new system emerges
And the punchline
From a timing perspective, I think 2012 and 2013 will usher in the end.
Enjoy:
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Oh, ho-ho-ho! It's Christmas, in May!
Bullish!
i have my helmet on ... http://bit.ly/o7R8Yi
i agree the real economy will crash post election, they have temporarily flooded us with oil, I have no idea what gas prices will be come 2013,,,,,,i think gold revaluation is sooner though,,,,,
This Ru Paul fella... is he in any way related to Harold Camping?
Jus' askin, is all...
Does it look something like this?
Complete and Total Worldwide Economic Collapse 2012
http://www.youtube.com/watch?v=WI8dfFN7H1w
How do I print this? Or is it in .pdf any where?
Is this guy Mayan by any chance?
"Everything is fine today, that is our illusion." - Voltaire
Dominos. Dominos. Yes, I think I have a coupon for a free order of pizza bites. Hang on...
Been saying that for the better part of 2 years now.
I have to say, I found thsi presentation singularly Un-scary. That has to be the Screamiest headline though.
Hmmmm....
It's true, extrapolate what Raoul says in every aspect of our lives... after excess comes lack. No doubt. After great excess comes great lack.
As surely as Down follows up...
ori
towers-of-baabel-and-levers-of-control
Nothing about the financial system collapsing scares me. It's just the financial system. Who cares. People can move on without it, and likely will be better off with a new one.
Count me in your club Sam. And since we most decidedly WILL be without this fiat ponzi sooner rather than later...
The sooner the better.
ori
It's a bit like hearing the word 'duck', just as the bullet enteres your helmet...
Anybody know the event this was delivered at in Shanghai?
It would be good to know what group of folks got this in person.
Now this is some fine doom to start the weekend. And still, the S&P has a high likelihood of closing in the green because the masses, who pay attention to these things only on the weekend, need to hear that things are still getting better. It is an election year, after all.
Mommy ... where's my blankie?
Yeah but... What I want to know is will I still be able to make $82 every hour on the computer (like my friends mother at TROLLINGCASH.com) when this is all over?
See something say something.
Sheriff Stan Barry of Fairfax County Virgina would become the most famous Sheriff in America overnight if he would take his forces to the Westfields Marriott and investigate criminal activity there.
Call Fairfax County Virgina Sheriff's office and report criminal activity at the Builderberg meeting.
Multiple violations of federal law are taking place there, specifically of the Logan Act.
Sedition and treason are being perpetrated by elected government officials, one namely Senator John Kerry at attendance plotting criminal activity against the USA.
Call Sheriff Stan Barry, demand he do his duty and arrest those Federal government officials for violating US Law!
http://www.fairfaxcounty.gov/sheriff/contactus.htm
This is also criminal activity perpetrated by the Builderberg people.
Bilderberg Members Discuss Killing Ron Paul
http://www.infowars.com/insider-bilderberg-members-share-ron-paul-death-wish/
David Rockefeller is like a leftover industrialist from the 19th century.
It's so funny I can spellcheck Rockeffeler.
End of Line
Whoa... slow it down a little...
Back up a bit... that's better.
For every action there is an equal and opposite reaction. Derivitives will cause the market to crash or it will cause Ben to print, because the money will have to come from somewhere.
If the evil paper economy collapses, then the good metal economy will expand to fill the void.
Physicz Bitchez
Japan’s top secret Plutonium production and storage facility facing attack, a radiation catastrophe for North America planned. Based on multiple confirmations from official sources, plans are afoot to use a Russian nuclear device to destroy the secret Japanese weapons grade facility at Rokkasho Mura in the Aomori Prefecture.
We now have strong reason to believe that the Fukajima earthquake and tidal wave were not a natural event but one engineered to damage Japan and as a “first volley” in a radiation war against the United States.
A “repeat performance” is scheduled, one we hope this detailed report will offset. The United States, North America in general and Northern Europe will suffer extreme radiation contamination at a level capable of inducing widespread cancers and a drastic reduction in population.
This is the plan and, at the end of this article, we will specifically describe the confirmed organization that is responsible for Fukajima and the manipulation of hundreds of events that began even before the end of World War II.
I'm seeing a big market here 4 ass chaps, boomerangs, and gyro-copters.
Hasn't this guy seen a printing press before?
I realize they are a bit behind the eight ball in Spain, but cmon..
I will take this guys " little room for more bailouts" and raise him QEx.
I'm hearing more "DEFLATION IS THE REAL DANGER" drivel when in fact it is Deflation that would probably keep the fiat game going for the next 20 years (japan anyone)
Hyperinflation on the other hand would kill the system in two years flat.
The PTB would love to be the saviors in a deflationary event, this is just laying out the game plan.
The sheeple will call on the bankers to save them from this deflationary scourge and lack of money.
Obviously if they are putting this stuff out there, then there wasn't enough pain the first time around.
It would seem we are about to be "taught a lesson or two"
Apparently....
This is a pretty wow article. Reading it alot makes sense with what is currently going on.
Pretty sure we won't see Raoul Pal on CNBC anytime soon.
No counterparty risk in long term food storage, physical metals like gold, silver, brass and lead, etc.....
This man is an optimist. The dollar, and with it the US and Euro economies will collapse w/in hours of the onset of the IranWar. And that War is less than 90 days away. Never mind the tin hat; there'll be no place to hide, and no new "System" in the forseeable future. Invest in lead.
I'm long tinfoil.
Tinfoil over Kevlar.
Tinfoil under the K-pot. Cuts down on reflections.
That doesn't make any sense. Wars are always use to jazz up economies, it never destroys them unless you think the US will lose, which is pretty much impossible.
sarc? That caliber of sociopathic logic is probably the scariest thing about the current economic paradigm. War with Iran would spike oil enough to offset any "growth" from the military industrial complex.
Maybe like the 2001 millenium bug? Yes, probably if you don't work in finance, it could seem like a lot of noise. There will have to be a reset.
Thankfully, there are no aliens out there to whom the world is a creditor.
Well, at least not that we are aware of (since there is a bit of a mysterious flavour to this thread).
I'm surprised there wasn't a Nigerian bank account mentioned at the end where we could keep our money safe ...and you accuse cnbc of spreading propaganda. Sure there is obviously a massive bubble to burst sometime soon, but please.
All you "Financial Armageddon" nuts crack me up.
In order for a meltdown of this magnitude to happen, MOST economies and CERTAINLY all the BIG players would need to be insolvent.
In that case.....who would who owe money to ?
The contagion/dominoe aspect would preclude us from ever figuring it out. What we WOULD figure out, is that the "reset" could happen without all the melodramatics !!!
Just "Wipe the Slate Clean." A "paper" cure for a "paper" problem.
Here's the next days headline:
"All country's national debt was reset to zero, today.......in other news, snooki was sited......"
Move along, nothing to see here.
I pretty much agree, except that what will probably happen is that the $100 bill will be the new $1 bill, meaning it's you and I and the rest of the little people who will get fucked out of whatever meager savings we have accumulated. Then, once there is nothing left to steal, it will be over.
Fine then...
NICKLES bitchez!
Snooky was sited? What, in a .308 scope?
or was she cited, as someone qouted her as saying, "My ass isn't big?"
Pretty sure whatever the outcome, the average Joe will take it quite squarely in the ass. Same as it ever was.
The contagion/dominoe aspect would preclude us from ever figuring it out. What we WOULD figure out, is that the "reset" could happen without all the melodramatics !!!
The PTB want the melodramatics; it is part of the misdirection aimed at the public.
You are absofuckinglutely right.
Monopoly money.
Oh no, fraud only works with growth, not decline?
BTFD!
"Nothing about the financial system collapsing scares me"
This is more than likely because you have no-one that you are responsible for besides yourself. When you have kids who depend on you for everything, the collapse of the economy is scary shit - especially if you are not only worrying about feeding them, but keeping them alive in the face of widespread violence that could easily occur. I could give a shit about all of my stuff, but my family - they are irreplacable - and because of the machinations of assholes at the top of the system I spend many sleepless nights worrying about what is coming soon. The only reason you don't have even the most reasonable levels of fear or apprehension is because you have nothing to loose - when I was single I felt the same way, but that changes when you have people in your life than mean more to you than you.
Why lose sleep over it? I have two kids, but I can't let worry eat me up. You can lose your kids all kinds of horrible ways. You don't want it to happen, but you have to be prepared when you have children to accept the possiblity that they might die before you. It's just part of the deal of being a parent.
I get what you are saying, and there is a fine line between a healthy sense of concern and over reacting to forces beyond one's control. However, any parent who loves their kids and doesn't occasionally get a knot in their stomach over what is happening in the world today is probably just supressing a very natural response. Ultimately how much one worrys changes nothing that is inevitable, but hopefully it leads to clearer thinking and preparation that can help to ensure a meaningful future for their loved ones when and if the dust settles. Where I sit it means making reasonable preparations and alligning with like minded people who know what is going down because the chances of making it through this alone is not great.
Also blame the Hope and Change f**ks who voted for this. When people see friends and neighbors dying - this gold and "I am gonna be rich fantasy" "ain't" gonna be pretty. Bad people will be watching for people buying things with gold. They will be following them to theri hidey hole too.
This bullshit was in place long before BO stepped onto the stage, although I'll agree he is a an employee of the TPTB that have gotten us to where we are, as did Bush, as did Clinton, . . . .
Yeah but BO accelerated it like a son of a bitch......deal with it.
Besides that....it doesn't matter who is responsible.....it's just where we are. Deal with that too.
Gold isn't for the buying shit during the reset, it's for afterwards.
Your dollars, your paper and anything else that's dependent on promises will all be worthless because all the promises will be broken. The gold will retain value before, during but more importantly after the reset. It's the way to bridge wealth from one financial system to the next.
I don't want to come out the back side (if I do come out the vack side) broke.
Indians are best snake oil trades men, please stop fooling the world with your bullshit theories and stupid ideas
You indians are duped into thinking that you are descendants from ancient indus civilization
Indus civilization has proper sanitation and well functioning baths , good infra according to bronze age standards
but even in computer age you cant build a proper functioning drainage , not even a single road line without pot holes and substandard concrete lane
Man you should be ashamed of yourselves calling and using the name of Indus valley to prolong your parasitic interests
Those people are long dead or they might have immigrated to other lands or persia--who knows
your over hyped shithole india has lowest GDP in 9 years, even that GDP is hyped Up with inflation around 10% your GDP figures are Fraud
You are greatest Fraudsters on Earth , i have strong belief that Current JEWISH parasitic tribe and Indians have something in common
Both of you are parasitic ethnic Group feeding on this world
Its because you are stupid and another snake oil trader your company fired you and you are back in Shithole India
Pls understand that you are currently undergoing Mental trauma as you have moved from Land of Humans to Land of Humanoid Parasites whose sole Purpose of existence is to feed on other races and prolong their Living
First thing that you need to do is to search for a job or apply for a B-school in Other country then you can migrate and find some peace
If you stay in that Giant lavotary called india you are bound to suffer
Wow, burning Indian flag and all.
Troll?
General fuck-stick?
Got outsourced?
Tch. I feel for you douchebag. But you knwo what?
An attitude like that will keep you wherever it is you are stuck.
Or whatever.
Smile :-)
ori
I guess BluePill isn't an Indian then...
No, he just forgot to take his blue pill.
Paki?
My thoought exactly.
Hey you fucking Troll Vivek Chaturvedi, you and your insanity is very much visible in this Web site
_Moron your WHITE AMerican Wife LEft you and fucked with another guy and you are so disappointed and became a Braindead buffalo
moreover you clown stop making filthy Youtube videos on your superstition , For your filthy Face Even if Lizard makes voice you regard it as truth
Moron you have taken the Name of Red indians and you assume youselves as indians
Fucker you are Hindu, and your Country's real name is BHARAT not india, river indus doesn't flow into your nation
Full of Fraud babas and Psuedo parasite scientists
And more over fucker ,Who is getting kicked by outsourcing
Check out the frauds that Infosys and Satyam did in past few years
You fucking moron no one is afraid of Outsourcing I dont come from English speaking nation, my mother toungue is spanish
Get some life and stop cribbing that your WHITE wife left you because you are an Impotent micro penis Idiot
She might be having bigger ones than yours in her mouth
You are born from Filth, and you will always be filth
And more over Kolkatta had been filthy City since Sirajuddoulah's period
Sirajuddoulah described Bengalis as most decadent animals and worse than human filth
He is right and strangely a bengali moron is running your finance ministry and he will ruin the nation, and bengali spinster whore
Wrecked her own state
And another bengali bastard and hippie drug peddler Vivekananda Raped and sodomized women and he got HIV+ and died
Not many are aware of Fraud babas existing in your filthy hindu cult
Better Troll hard with Swami nityananda you can atleast fornicate with few actress
I heard that Hindu babas like you preach Spiritual bullshit and Drug young foreign women and Fornicate with them
Neem kareli baba,nityananda,Satya sai baba,Ravi shankar--i can go on with this list
Do some hard work moron, rather than cribbing out british and economic collapse, search for some Brown buffalo as your second wife
You must be fortunate that atleast you have has a WHITE women for some period of your life
Ofcourse once 2008 economic recession hit your pocket your WHITE wife left your for another man and as you are an impotent idiot you have no skill other than updating excel sheet and sprouting your bullshit in a blog and making youtube videos+
I have seen your moronic blog and i understood that you are entering into baba business
Carry on clown , many are already in that business in India, now as some one who got foreign degree you will be in demand as moronic indians will lick even feces of White SKIN people, and you got a degree from white skin country
You worked as CEO for japanese company?, no wonder they went bust, you cant do anything you clown
You came to USA by learning some C++ programming in early 90's duped a WHITE girl and enjoyed but sadly you can't continue
Living here in USA
Now moron, find some brown stinky buffalo and worship her vagina you impotent micro penis indian
Fucker its the same Attitude that got you no where and your wife ditched for same bullshitting that you do
Moron you have high very high intolerance , learn how to take criticism in life you brown cockroach
Wow! What hate.
I wonder what a baba did to you, you poor person.
Tch...
So you made those comments on youtube too. Hmmmm....
Lost case...
ori
ORI, that blue pill dude is not worth the time.
Probably some 13 yo who has been sneaking onto his Dad's computer and the porn is getting boring so he now trolls random sites to get excited by seeing what a reaction he can get.
I would rather work for an Indian manager than a fool like BP anyday.
Prejudice is ignorance....but we knew that from your spelling.
You are unique, in the aspect that I have never seen "India bashing" before.
when you defile another, you define yourself
Blue-pill: are you talking about Warren-comma-Elizabeth? 'cuz she's only 1/32 Indian and even the Indians don't want her.
After all, she checked the box.
- Ned
[ED. and she's a home-flipper, but I'll let Howie 'splain: http://www.bostonherald.com/news/columnists/view.bg?articleid=1061135738 ]
So lets review.
A blue eyed white woman claims 1/32 minority status in order to selfishly enhance her own career opportunities. Now we find she's one of the hated .01 percenter's, just out there scouring courthouse tax records and bank foreclosure lists for more bone picking .01% opportunities...but only for her "blue eyed tribe".
It appears she's right about one thing, she wouldn't be able to engage in any of these lucrative, vulture-like, Bain practices, without our "trails" having been paved over into roads & interstates and government public policies gone horribly wrong in order to produce these latest "elitist wealth transfer opportunities" via real estate ;-)
Here's a tip BluePill - Please do not hit the return/enter button twice after each sentence. We do not need 4 lines of space between each of your thoughts. This is not USA Today where they use stupid 3rd grader friendly typesetting and formatting to accomodate those who aspire to get their GED one day. One paragraph of contact should not take up 30 inches on my fucking screen.
Even though your writing is mildly amusing, please barf out your Borat-style ramblings in a display size that I can easily page through.
India, the whole country is a toilet. Once i was taking a taxi in Calcutta from the National library to downtown, when my taxi suddenly stopped I asked why? He replied, "I need to take a piss". On a nice green lawn!
Whole country is an exaggeration Old, and Calcutta is a particularly filthy city (know why? It's the first one the British took over and screwed over...as a result, it is also the center nationally for prostitution, go figure)... but Indian's in cities, especially have to let go of their shame completely. There are no public facilities.
Pretty pathetic.
ori
When I was stationed in Germany in the late 70's most towns did not let the public use their restrooms, so people would just piss in the alleyways or on a shrub somewhere.
Guess its hard to break some traditions.
Interesting article ori. In a bizarre way it all fits. Never figured it back that far or to that depth. Milestones
Thanks Milestones. And it goes even deeper. Dat Rabbit hole...
ori
A little while and I will be gone from among you, whither I cannot tell. From no where we came, into nowhere we go. What is life? It is a flash of a firefly in the night. It is a breath of a buffalo in the winter time. It is the little shadow that runs across the grass and loses itself in the sunset.
-- last words - Chief of the Blackfoot: Ispwo Mukika Crowfoot (1783-1850)
We all die young.
From now on, even more so.
Not to worry, SkyNet will save us.... not...
"We all die young"
~~~
http://www.youtube.com/watch?v=_044da8UspQ
Awesome quote.
Or as the apostle James said 2,000 years ago...
13 Go to now, ye that say, To day or to morrow we will go into such a city, and continue there a year, and buy and sell, and get gain:
14 Whereas ye know not what shall be on the morrow. For what is your life? It is even a vapour, that appeareth for a little time, and then vanisheth away.
15 For that ye ought to say, If the Lord will, we shall live, and do this, or that.
(James 4:13-15)
i prefer the man over the mindless mystic.
Your statement is pretty mindless.
For Indian teachings I believe this one to be one of the most poignant:
http://www.youtube.com/watch?v=rgUy5H0YaoM
That was beautiful!
Thanks for sharing that mjc...
ori
Beautiful. Thank you.
Beautiful, ty.
I think squaw Elizabeth Warren from Harvard was realted to that Indian cheif.
LOL but screw you anyway she's at least on the right track
Aw fuck you she is not on any right track. She's a miserable lying cunt. That's all she is.
God-damned Savages!
-- Last ironic words - Chief of the Long Knives- General Custer.
'Look at all those fuckin Indians!
Famous last words of General Custer,
I'm sorry, but that is just funny ... :D
I'm not seeing the irony. Could you explain how it is ironic?
Savage killed by "savages".
are you sure it wasn't -'Uuurgh...'
I mean, C'mon,
'It is a breath of a buffalo in the winter time. It is the little shadow that runs across the grass and loses itself in the sunset.'
What a load of bollocks...
No fuckin wonder he was the last chief spouting shit like that.
It's believing and spouting that kind of crap that makes you extinct...
I see the soul of romance moves quick within this one!
LOL...
Before you pop off old chap... "no where" is one word..
Bye.....
he would be a good atheist. i wonder if he was one.
or,
We can deny reality, but we can't deny the consequences of denying reality.
... Richard Paul Evans
Our department is considering using rubber bullets and tear gas on its drone.
... Chief Deputy Randy McDaniel of the Montgomery County Sheriff’s Office, Texas
That's real change you can believe in
... Owannabe
Space aliens could save US economy
.. Paul Krugman
If Richard paul Evans said that, he stole it from Ayn Rand. Atlas shrugged. rather aprapos.
she did ... and she did it better .. thought so when looking for the cite with "deny". Rand used "evade"
so how about these
But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security
... Thomas Jefferson
I'll stick my knife right down your throat, baby, and it hurts
... The Rolling Stones
I die innocent of all the crimes laid to my charge
... Louis XVI's last words
The youngest of the guards, who seemed about eighteen, immediately seized the head, and showed it to the people as he walked round the scaffold; he accompanied this monstrous ceremony with the most atrocious and indecent gestures.
... Henry Edgeworth, Priest to Louis XVI describing aftermath of "Louie's" execution
Most great nations, at the peak of their economic power, become arrogant and wage great world wars at great cost, wasting vast resources, taking on huge debt, and ultimately burning themselves out.
... Kevin Phillips, Reagan Administration Official
Wednesday I watched the riot . . .
Seen the cops out on the street
Watched 'em throwin' rocks and stuff
And chokin' in the heat
Listened to reports
About the whisky passin' 'round
Seen the smoke and fire
And the market burnin' down
Watched while everybody
On his street would take a turn
To stomp and smash and bash and crash
And slash and bust and burn
No way to delay
That trouble comin' every day
... Frank Zappa
This war is so fucking illegal
... Pat Tillman
There's always a confused soul that thinks that one man can make a difference. And you have to kill him to convince him otherwise. That's the hassle with democracy.
I'm a senator - you can't do this (.... riiiii-ght ...)
... Senator Charles F. Meachum, "Shooter"
I was a sweet little kid once
Now I'm a full grown crank
And when I die I'll probably come back as a Sherman tank
I know that I could make this world so peaceful and calm
If I could only get my hands on a hydrogen bomb
... Todd Rundgren, Heavy Metal Kids
Mountains!!!
... Last voice recording, Vnokvo Airlines, flight #2601
Lost number one and two
... Last voice recording, Japan Airlines, flight #46E
Only a dream can kill a dream
... Egg Chen, Big Trouble In Little China
Are my eyes open? I cannot see
... Manolete's last words
With Facebook at these levels, should individual investors buy?
... CNBC Host, Before the Close, May 31, 2012
And I'm not planning to commit suicide, either.
... Deborah Palfrey
>>Is this guy Mayan by any chance?<<
Not a chance.
This guy IS Conan The Caveman "going back 3000 years".
This is all old hat. Far more interesting for dating purposes:
http://pearlsforswine.wordpress.com/2012/03/28/september-2015/
that is also martin armstrong's blow up date and the kress and kondratief longwave cycle lows.
dozens and dozens of people that I read/follow/have-stumbled-upon -- from the worlds of finance, science, religion, seers/remote viewers -- have put the target date in the Sept to Dec 2012 timeframe. I've honestly never seen anything quite like it before.
Not sure if this will help. Bit give it a shot.
http://www.scribd.com/mobile/doc/95493792
Maybe this? http://www.scribd.com/doc/95493792/The-End-Game
@ Flacon. Here's what I did since I couldn't find a way to save the imbed file. There's probably a faster way but it worked.
- Get original Scribd link and pull up full page view of the deck. Find it at http://www.scribd.com/doc/95493792/The-End-Game
- Use screen capture to highlight and save an image of each slide (32 in all). Each image was saved to my desktop (5 mins).
- For simplicity I dragged each screen shot into a temp file
- Open Keynote (yes, I'm working on a Mac... please don't hate). I don't know if this would work in PowerPoint.
- Select all screen shot files and drag them into a new presentation in Keynote.
- Print as a .pdf and now I've got one continuous electronic file.
This whole thing took about 6 minutes.
Thanks!
Copy and paste it into "Word" or copy and paste it in an email to yourself...
That worked for me, thanks!
Same. Can you print this, and how?
100%. Governments do not manage asset values, they support them (like commies tried to do...and look what happened to them = FUBAR), but once the HUGE tidal wave of liquidation takes place. Nothing on earth will stop it.
Great clip.
Were there 2009, 2010 and 2011 versions of that Total Worldwide Economic Collapse video?
Seems like I have been hearing this every year, for a long time.
(maybe it is this year, but..)
Rome didn't collapse in a day.
Sure enough it didn't, but there were a couple generations of misery before it did, and that was minus the instantaneous communication, electronically dependant transportation/process control systems, and multiple independantly targeted reentry vehicles...
The reasons you mention for why the end is farther are the exact reasons I would have cited for it being nearer. The inter-dependence of everything (which means less self-sufficiency) and the quickness with which news travels assures that this time things will move faster. . . or did I miss some sarasm in your comment?
Read Axe's comment again....several times.
That's been my theory as well after sorting through too many history books for fun.
The faster information travels the faster/shorter timeframes between collapse. Or more specifically the organisation of the information and the complexity of how it's organized and distributed.
collapse or withdrawl into protective situations (which would include stopping of commerce)? Information flows (v.), bad news is assimilated, better reactions??? Or things go to shit because of the impulse of bad news everywhere?
Is there an impulse of bad news? I think not--the vast majority of news outlets are O-laid drinkers who can not find the truth/adequate and accurate descriptions of current events.
Good comment, but it isn't the speed of the information spread, it is the latencies in the spread and the uptake into carbon-based thinking machines that slow down the spike (integrate the delta function).
Well, a greenie on ya for macabre sense of "fun."
- Ned
{there's something about "madness of crowds" that goes back to the so-called 'French Revolution', you know, the one where anyone who was <... of certain anti-statist categories that you can fill in this blank and be incomplete...> sentenced to Mme. Guillotine.}
Rome did not have a global internet and electronic banking.
If you're a regular ZH reader you hear it not every year but every day. It reminds me of the dot com crash when expert after expert (quote unquote) swore that [filll in number] was the lowest it could go. Naturally, when that was passed a new number was offered without shame.
No one knows when economic collapse will occur but it only seems logical that things will get much worse beforehand with enormous swings and a MUCH worse economy than we now have.
In a way, the grand collapse already happened. The "developed world" took a collective nosedive over a decade ago when they replaced productive (i.e. primary and secondary sector) economic activity with service sector and government economic activity and concurrently elevated FIRE to its place at the top of the pyramid. The damage has been done. It was just masked for years by fraudulent numbers.
Fraud #1 being the false idea that money circulation = GDP. In reality, ringing up some groceries for a customer is not a "productive activity" in the same way that, say, manufacturing a computer is, even though its possible for the grocery bagger to technically "create more GDP" if he faciliates more money circulation. In reality, economic productivity can only be measured when qualitative, and not just quantitative, judgment is utilized. But the current crop of economists hates that as it requires critical thought and they want everything to fit purely numerical models.
Fraud #2 ... Well ... As Mr. Pal points out, we have a system where $70 trillion in unpayable debt is the collateral for $700 trillion in paper "wealth" that holds immense purchasing power but does not represent any kind of tangible or physical asset. Yeah, need I say more? You can sum up fraud #2 as "paper".
All that is going on now is people are pointing out that the Emperor is naked. The 'reset' is the moment when the Emporer finally has to admit the truth and deniability is no longer plausible.
Again and again I ask and never receive an answer - But I Will Try Again:
What if all those derivative contracts were retroactively declared illegal??? And, do not say that they cannot be. USAGov has rewritten tax law, criminal law - all sorts of laws - retroactively applicable.
What happens if it becomes apparent that all those 700 trillion (I hear even more from other sources) are declared nul and void?
First off: Game over for the banks and corps who are depending on them to "balance" their books. Oh. Really. Not.
Second off: Governments who backed the deriv gamers are dead in the water. Maybe some are really dead. Like. Thats. Not. Going. To. Happen. Anyway.
Third off: The living humans are left with algebra. Cross off the self-cancelling debts. Make arrangements with those who are owed. Under the circumstances who is going to fight getting something. The alternative is nothing.
Those Over The Counter, Off Balance Sheet Derivatives are going to die. That is the result either way. Might as well spare the people the pain of being dragged through what Greece is going through on a blow by blow. Just end the monster. It. Is. Dead. Anyway.
Same thing as a default would occur I suspect - regardless, we will still end up in the same place.
@illiya
Illiyya,
I don't know the answer to your question, but I have thought the same for three or four years now. Why not "just call the whole thing off'?
Why not simply nationalize the deposits in the banks, and the shithouse collapse? Perhaps we would only get a small fraction in cash, but we would as a society , at least, own the assets free and clear of the criminals' negligence: and have some fucking dignity as a people. This is a really bad idea, of course, but better than anything on the table, if we want to hold together as a nation. If no one cares about the 'other', the neighbor, the old woman/oldman. the children ------------------------------fill in the blanks that I have left open, please.
IF NO ONE CARES---well, then fuck it---get your weapons and go to the mountains with your gold and silver------but someone will eventually come for you-----maybe a lot of someones----
I like your idea because this extreme event can be survived and we can come out of it a tighter and brighter society--------I won't be here, but friends and family will be and a lot of others, who if I knew them ,I would also want to survive------think Argentina, think Iceland, think Greece----they will make it as will the Spanish and the Italians and the French----they will survive because they collaborate and work shit out that we do not have the patience and tolerance for------I haven't seen much capacity for survival in the last two years in the US. I was in and out several times, hitch-hiking rides, walking long distances, sleeping in the redwoods, on the beaches, staying with friends and family, and asking questions and LISTENING to the responses
And I have little faith that the US will hold together like many other nations will
I am really sorry I wrote all of this
I truly hope that I am absolutely wrong
But if we see what this dude foresees
None of us are prepared for it/ and it is not funny
I wish I hadn't of read this piece--------------om
oldman:
They (and I am not sure it is the TPTBz) will.
I'm kinda' shop worn, p'raps like your handle. How are your knees? Your family? Kids? So you pull up stakes and move---where? The general question is the same. JWR and many others discuss this. There is a reason why today's population density is as it is.
A shift as you discuss might be OK in numerical terms, but would not at all be correct in percentage terms.
As an example, consider un-assing New Orleans in the face of Katrina. {OT-her face was beautiful}.
Catchin' on?
- Ned
@Ned
Ned,
Knees are great walk 12klicks a day, body surf for an hour or so, do zazen for an hour---all after orthoscopic surgery in 1988----so the knees are great.
My family is family and you know how that goes----try being human with six thousand million other people on the planet-----not so easy, right? Anyway, i am an old man and for family----though they would never say so---an old man gets in the way a lot. And from birth, I never felt like I was a part of the family---I didn't come complete---that part always missing, so I have etter contact with those family members who I am close to, that I am FRIENDS with also. Kids are part of that, though, grandkids are very special for an old man---very close because I am there age getting younger and they are my age getting older---make any sense to you?
Where to move to is the easiest question of all: a place you want to live in! Not a place to hide out, to be safe, blah, blah, blah-----I decided when I was a really young guy that I would be naiive as opposed to suspicious and guarded----been expensive, but worth every bit of 'loss' it has cost. I'm not agressive enough to be a 'gold and guns' dude, though, I am armed and did lose some coins somewhere------
If you find aplace where you WANT to live----you will always find a way to adapt to the environment, whatever environment it turns out to be. That's how I see it----but then I try not to complicate things.
Population has flattened in my estimation and there is no reason to assume that the birth rate will increase; I suspect that it might be in microscopic decline already. The problem is the mortality rate: we are living longer, but not naturally or in good health, at least in the US and Great Britain. This is sucking up a lot of resources with a really shitty health care system that no society can afford just to maintain living corpses; it cannot continue and everyone in the health care profession has known this for decades. If I can live out my life naturally, then I am interested----but as a sick oldman----well, I don't know yet---not interested now.
And the shift is here---we are really discussing not that fact, but rather
Are we going to lay down like whipped dogs and hope someone feeds us, or are we going to show some dignity and say, "No-----Not OK---We will not pay! And we want all those fucking bonuses paid back or we foreclose on your property to pay off the losses we incurred!'
or something like that-----I'm not discussing capitalism, communism, socialism, darwinism, tribalism, etc.-----what I am about is FAIRNESS and JUSTICE----whether they exist or not is not important. What is important is that the one qwuestion that capitalism always ignored be answered by the newsystem whatever it is.
the question: how do we share equitably the goods and services the society produces.
I heard this question first in the homeof the chairman of the board of------bank of-----texas in 1973. A John Bircher and super capitalist and funny man----an oldman at the time 75 or so, who knew the inside of all of this
enough----i'm slipping into a nostalgic trance
sorry to be so long on such a simple request om
Cosmo,
Now that is very nice.
thanks om
It's rhetorical, never happen, because the ones with the most to lose are the ones who make the laws.
good morning, all this chit chat and you summed it up right there. No need for economic theory. I have been asking myself for years how they have managed to slow down this adjustment process and drag it out........precisely for what you say, they need to figure out how to maintain order adn profit from it. There will be massive rule changes but they will never stop the game for themselves.
I agree.
To me the only wildcard is will the general public - who just lost everyting they have ever known - accept their new fate while the rich and power maintain their status?
Revolutions have started for MUCH less. So, when the reset comes will we 'take it' and just move on with our lives (after a period of 'civil unrest' I'm sure), or do we break into fullblown civil/world wars?
I think you all are far too optimistic. While the elites and power-brokers many make nominal gains on transactions the only way they can "stretch this out" is by printing (as most would acknowledge around here). That act will cause an inglorious end to our system (as is generally acknowledged everywhere). Some of the collateral damage will be martial law oriented policing, capital controls, travel bans, massive dislocation on a scale we cannot imagine.
The alternative (perhaps by popular demand - under extreme pain) would be the financial system exploding. The revenue stream machine exploding. By disallowing the stupid construct of derivatives to the moon and back, much of the future-cast problem is eliminated. The problems would pertain to the current situation - not decades of debt enslavement.
The two results are not comparable... except in initial pain. Rejection of the derivative mountain means elites lose out permanently, but over the long run the people prosper. In essence, this is what Obama should have done on 1-20-08. That is the fail he will be tarred with in history.
i.
@illiya
++++++++++++++++++++++++++++++++++++++++++++++++
For these words:
"The two results are not comparable... except in initial pain. Rejection of the derivative mountain means elites lose out permanently, but over the long run the people prosper. In essence, this is what Obama should have done on 1-20-08. That is the fail he will be tarred with in history."
Exactamente!!!!!!!!! And very well said.
Thak you for being so articulate: I feel like I am reading the epithet of the Obama administration---history ass it happened---
I am most encouraged by the show of hands in favor of this thread among such profound apathy to the true problem we have as a human society; to read this and see the suppport for a new way of being is a huge shift because if it is happening among us-----it is happening everywhere.
Thanks illiya, and everyone out there------it is not only gold and silver that is finding it's true value om
oldman,
I too am gratified to find some slim reception for this form of honesty. Sorely lacking in every other form of discourse, but ZH and isolated corners of the intertubes. Perhaps Tyler's elevating this article to front and center this late Friday will encourage even more thought.
All ideas on this subject are important and not to be dismissed. These derivative money sinks will drill a hole right through what we cherish - even to destroying our country. The degree to which politicos are willing to twist the truth even as they protect the racket is mean evidence of their danger. Unfortunately, only by sacrificing real people can this monster be temporarily sated.
This needs to be discussed all over the world.
i.
@illyia
This is being discussed all over the world and has been since 'the close the banks' campaign in Europe in the late 90's which culminated in the notable death of a young hero in '99 or 2000---I don't remember exactly. But I do remember Seattle was when the 'rest of the world' became excited to finally see something of solidatity from the US.
Then the fucking towers fell down and ------------everyone knows the rest. But this is one of the----------no, the only time we have ever joined the the rest. OWS is important, but there are cities throughout Europe where protests have been daily occurences for years if not decades---and they can be fucking bloody, man.
We are finally joining the discussion where the pain and injuries and deaths are accepted as part of the fight.That is what I find so amazing about OWS---like the rest of the world's warriors they are accepting the violence against them as normal reality. I don't have that, not at all!
I respect these dudes and dudettes for their fucking courage----we can be proud of the US only so long as we have people of courage---and we do.
This is a different war----expect a lot of casualties
As you know the money can be burned and reprinted---it is immaterial. Who cares? Remember the chief who gave away his wealth each year---that is how you have a great society without taxes---If Bill Gates gave it all away each December 21 and worked to restore it by the end of the year---then I would believe in capitalism more than I do now---and he would be a great man. As it is------???/ Who can say?
It is a great pleasure to sacrifice as little as we do to gain as much as we can be
Yeah a bunch of dumb meaningless words---so what? Thanks illyia--I'm glad to know you om
Sorry to burst your kumbaya pow-wow... But despite your good intentions, you should have spent a more productive hour swinging a mattock instead of pretending to be a knight at the round table trying to administer justice for all...
Just the way it is... junk away...
~~~
"Can't we all just get along"?
~Rodney King, 1992
Answer: No... Anymore stupid questions?
Whatever.
@frances
First of all, there was no question
secondly, we were getting along fine
thirdly, no intentions
I don't know where you are coming from
fight with the wife?
short gold?
Hell, man, I am sorry you are having a bad day-------better luck tomorrow om
Now here is a practical fellow who has split some wood...
Trying to declare them illegal, null and void, what have you ...
is EXACTLY the same as saying, "Why not set pi equal to 3.000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000?"
Declaring it to be so and dealing with the consequences are two things that are not equal to one another.
(BTW - do not take this as a personal attack. You asked a valid question - the answer, however, is hard, ugly and not for the sensitive or simplistic.)
Some of the larger consequences:
Again, not a slap at you ... those are just some of the reasons NO ONE is willing to say the party is over with regard to derivatives.
I have said it on here many times since I became a member ... THIS DOES NOT END WELL.
And any idiots thinking they understand the scope of those words by replying about GOLD, BRASS and LEAD are punks who have NEVER been shot at or lived in the world of violence.
If you think what is coming with the inevitable global economic collapse is anything other than the worst things you can not even begin to imagine, hold tight - you are going to find out.
barliman
@barliman
Glad it is you, barliman and thanks
It is a simple game, dude.
When there is a need, real jobs are created. Someone has to grow the food, market it, transport it, buy and sell it, cook it, eat it, and someone has to wash the dishes. Jobs are created---trash pick up, shoe shining, delivering----real jobs. Not a hundred grand or a million or even a bonus---but real jobs for real people.
Not everyone wants everything in the world under their thumbs---most people just want to eat two or three times a day, have shelter and a bed to sleep in, a cup of coffee in the morning, something to do for a few hours each day, a warm body to sleep next to at night, and to have regular bowel movements-----most people are happy with these few luxuries in their lives.
So maybe we ride a bus instead of driving one person to a vehicle, live in a neighborhood where there is no security guard or country club---the rich can still have it---I don't care how much they have---some people are willing to pay the price for money, fame, sex---I'm not nor are most people on the planet. So we don't care---we'll do the things that are too dirty, too insignificant, too frustrating, too poorly paid---we just want to live out our lives-----not own the world or be 'somebody'---those are special things for special people-----We don't care, but we are here with you and you need us---and we need you
But people, among people, are more important than whether or not everyone is equal, or rich, or with university degrees, or goes into outer space.
The deal is that we did not rise up and say 'No, you will not put us in debt for the next two centuries---you will not give the banks---taxpayer money to bail themselves out of their misdeeds of greed----you will not allow them to charge us 20% for credit card debt or college loans or water or air to breathe-
No, we did not say any of these things---we don't care and WE CANNOT PAY, but we're here, so figure it out and get back to us because this end game shit is just not fucking acceptable!
I wrote above that I was glad it was you because we agree on all you wrote above and most of what I have read from you
I am sorry read this article because I do understand what is coming whether or not we get our priorities straight and do this with honor and in collaboration rather than cannibalizing our society like mad dogs
This piece frightens me because it has happened in the past-----but not in Argentina, Iceland, Greece, Ireland---not yet and I think not ever. But we in the US are not survivors-----our obesity, poor health in general, our complacency and dedication to our own enslavement---these are signs of a society that will not survive---and you know this as well as I do.
Jack London was a great writer and great drunk because he was a visionary---one of my favorite guys
I wish Jack was among us today because his voice would be clearly heard and he would be merciless with TPTB----he didn't tolerate them the last time income disparity was this great----the 'golden age' of robber barons---the same old shit, brother----it just never ends unless you are extremely vigilant
AND WE WERE NOT----and we like our slavery and it is not going to help us with what is coming
Thanks barliman---I read the rest, but I never worry about people that have more money than I do---they can take care of themselves, right? They do not need you or I---except to say 'no-that is not an acceptable response---you made the mess--YOU clean it up---with YOUR money, please'
I shoulda been a fucking preacher---maybe next lifetime---
For now, I say 'on january 1st, 2013-----all deposits in banks in the us will be backed by us dollars, gold, and silver'----and all derivative contracts null and void---and may some among you be left standing
There is enough for everyone---after that you can stack all you want
thanks om
Barliman, would you object to another view of your reasons? After declaring these instruments null and void, the net result is the owners of hard assets still own them, and those with virtual claims on them will take it up the ass. Who really cares in what order? They are all going down anyway, and will realize it quickly. Removing all this fictional virtual wealth from all the banks and multinationals and bankrupting them is nothing but positive in my book. In a bankruptcy, the assets are sold to the highest bidder. Those divisions of multinationals who make a product in demand will find ready bidders, if it is you offering 100 gold buffaloes for Deere's replacement parts division (all of it, manufacturing to sales). Or if 100 gold buffaloes won't cut it, perhaps you pool resources with a dozen others of like mind. It is no longer like there is an M&A department left open or or you can just walk into JPM with a killer biz plan. Hard assets talk at whatever the highest bid available. In bankruptcy, there is no such thing as withholding assets from sale to avoid MTM. And those newly-created companies formed from those bargain assets will now be too small for arrogance, rather than TBTF. There will be rampant unemployment and people will re-discover that grasshoppers are edible because WalMart's shelves will be empty. Don't worry about oil, because with the government unable to borrow money, everyone will be walking. Don't believe I don't realize how painful this will be; but just like the depression of 1921, it will be over faster than anyone can realize.
This is the view by doing this deliberately and broadcasting what to expect via MSM. The kick-the-can alternative, where this occurs spontaneously and suddenly it looks like nobody is driving the bus is where you get the normally stable people going apeshit with Kalashnikovs. Those predisposed to that kind of action will do so simply because their SNAP cards no longer work under either scenario. The 'Minsky moment', or whatever you use to refer to the events already set in motion will lead to many of the same outcomes. My support of illyia's argument is simply that it will produce less collateral damage, and lead to a speedier and healthier eventual recovery.
Damn, oldman, it took me that long to write this?
@zhandax
Thanks Zhandax
This is the best articulation of the MSM propaganda that I have heard----I never think about these things because survivors work these things out---a 're-set'
Painful is slowly starving to death---not losing paper property
really well said om
I think what Illiya is trying to get at is this, if those derivatives had actually CREATED anything, money, traded 700 trillion dollars worth of some kind of stuff, then inability to satisfy counterparty obligations would indeed be a serious problem triggering a total collapse of our way of life.
But, those 700 trillion in derivatives are ghosts in the financial system, promises made between private parties that never did and never could have paid off in the event they were ever triggered. If they were ever triggered by real life events they would all be mutually extinguishing. The writers, buyers, sellers, traders invented them and INVENTED economic claims on our productivity they never had a right to. In order for these products to do the economy any real harm they would have to have first generated some real good. They are no more real than if I up and decided to write an IOU for 700 trillion and take it to my bank as collateral on a loan.
Clearly that would be fraudulent, but would they call the cops or the SEC on me? No, because it would be more pathetic than criminal. In order for those derivatives to have any value they would first have to have created that value, you can't lose something that was never created.
I do not worry about what happens AFTER the derivatives are triggered because they will have no impact, they will be confetti, the holders can't make claims on stuff that does not exist and they can't make claims on you and I that they have no legal right to, it is how they affect decisions in business and finance BEFORE they are triggered that has me P.O.'ed about them, because big corporations, banking and finance, government even, are making decisions about production and employment based upon an aversion to the risk of triggering these instruments, and that is only going to get worse till they blow up. Then we will see that they were nothing to worry about all along.
We do need a ballsy reformer that understands how the fiat banking system and credit system works, I do wish Paul had ever had a chance, now that he is out of the running I wonder who on the horizon can do the job because Dr. Paul is just too elderly for another run in 2016.
If I understand your proposition correctly, since they (generally bankers) owe all this deriviative stuff to themselves, when it gets wiped clean we won't be affected. But what happened is that pension funds and ordinary bank accounts are involved, there was a transfer of wealth, leveraged, in the creation of these instruments that will get destroyed and ordinary people literally1 starve.
1 Yes I do mean literally. And starvation is an ugly thing. Worse because 99% won't understand why.
Yes XitSam, starvation is an ugly thing - but it is going to happen anyway - occasionally at the end of a gun - or worse. Things will become horrifying no matter what. And, "We The People" - of the last 30 years - are the ones who let it happen. There is a certain amount of justice in that. Right now (and I am not under any circumstances promotine OWS-type actions) we are allowing this idiocy to continue.
The plain fact is that the Over The Counter, Off Balance Sheet, 700+ Trillion in derivatives are Accounting FRAUD. They cannot be used in safety - except: Like any "good" Ponzi Scheme, the first out get paid.
That has already happened. We are now heading for the next stage and the beginning of complete debasement of our vaunted currency... over however many months or years the doobees can stretch it. All for our own good. Because we need our finance system and government to function. Until. It. Stops.
I will not let up on this subject. I hope thoughtful ZHers will continue to think and write on this issue. It appears to me that retroactively denying the derivatives legality is the ONLY rational path to a reasonable future for the coming generations.
@boiltherich
Hey boil,
WE are the 'ballsy reformers' of:
"We do need a ballsy reformer that understands how the fiat banking system and credit system works, I do wish Paul had ever had a chance, now that he is out of the running I wonder who on the horizon can do the job because Dr. Paul is just too elderly for another run in 2016."
Ron Paul is just the tip-----of WE-----and his work is done because WE are here together
I'm pretty damned optimistic this morning after reading your comments and the others. I've been waiting for this shift for more than 40 years. The derivatives are just the paper promises of criminals and 'gimmee guys'.
Nothing to worry about because it is already done-----our response is what is important-----and it does not have to be only 'guns and gold'.
It is all coming together----om
oldman,
you (and some others) might find this interview with Dylan Ratigan interesting. On Financial Sense two days ago. Dylan has a pretty good grasp on the entire situation. I believe he was/left CNBC because he could not stomach the restrictions. He's been somewhat sidelined on MSNBC 4 pm slot (when most are on the road or just done for the day). But he's got a different take on things, and it is one that I share. This is an mp3/voice interview. Select which medium you like.
Dylan Ratigan: The Troubling Revolving Door Between Federal Reserve Officials and Wall Street
http://www.financialsense.com/financial-sense-newshour/guest-expert/2012/05/30/dylan-ratigan/revolving-door-between-federal-reserve-officials-and-wall-street
There are several other interesting things on the slate for this weekend, as well.
Peaceful Evening,
i.
95% of the derivatives market is owned/controlled by the top handful of banks - the same banks that own the Federal Reserve - the same banks that drafted major sections of Finreg - the same banks that insisted derivatives not be regulated - the same banks that agreed to allow an open market system for derivatives and then ignored it - the same banks that still dominate sub-prime through the sub-prime auto financing loophole (specifically making it legal to knowingly bundle and bet against risky loans) ...
After going through all that trouble, do you think they will allow their $700 trillion masterpiece to simply be declared null and void?
On the contrary, somewhere there has got to be the legal justification giving derivatives senior debt status, otherwise, all their effort will have been for naught. Otherwise, they would have created the public trading mechanism to offload derivatives to a greater fool by now. Why, knowing the end game, are they insisting on holding such leveraged Ponzi insurance claims?
Own outright everything you need. You are only a caretaker for any asset you don't 100% own.
@grid-b-gone
I don't know what the numbers are, but if this is true:
"95% of the derivatives market is owned/controlled by the top handful of banks - the same banks that own the Federal Reserve - the same banks that drafted major sections of Finreg - the same banks that insisted derivatives not be regulated - the same banks that agreed to allow an open market system for derivatives and then ignored it - the same banks that still dominate sub-prime through the sub-prime auto financing loophole (specifically making it legal to knowingly bundle and bet against risky loans) ...
After going through all that trouble, do you think they will allow their $700 trillion masterpiece to simply be declared null and void?"
then retoactively outlawing it and demanding the Fed take the loss instead of the nation seems like the only way out for a society with 'odious debt'. The Fed and the banks COULD just unwind it if it is as you wrote above. All we do is go into the street and stay out until we find out if the military backs the banks or the Constitution.
Oh yeah, and-----we clawback the ill-gotten gains + interest, and they make the pension funds whole. If they leave the country, I am certain that wecan still recoup something substantial from the sale of their remaining assets, and------that we can come up with a better way of managing our affairs.
I'll even come back to the states to go in the streets.
Yes, I'd like that----it would be a demonstration of human dignity and courage
Much better than being a whipped dog om
Where are you choosing to live (to "come back to the states" from)? Just curious where you think it's better to live. thanks.
I respectfully disagree. The collapse will come suddenly. Some will see signs and precursors a few days in advance, most people will not see it coming.
You will see or hear an emergency warning, pick up your cell phone, Dead! Traffic jams, mass chaos, 60 minutes to the stoneage. 12 months of hell before the reset and a Global Currency. Or perhaps WWIII...
Have a nice day! : )