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The Fat Lady Is Clearing Her Throat
Submitted by Mark Grant, author of Out of the Box
A Loss of Credibility
Once at a social gathering, Gladstone said to Disraeli:
"I predict, Sir; that you will die either by hanging or of some vile disease".
Disraeli replied,
"That all depends, sir, upon whether I embrace your principles or your mistress."
We have reached a point where the shepherd has shouted “wolf” one too many times, where the theatre goer has shouted “fire” one too many times and the crowd no longer believes the jargon and is standing pat. From one politician to the next in Europe the words are strikingly the same; “bold actions, courageous decisions, decisive plans” which are meant to stoke the propaganda machine and assure the world that all is well. We have had the bank stress tests; the first pockmarked by inaccurate data checked by no one and the second humiliated by an inaccurate construct which discredited it by its own shameless manipulation. We face a world where contingent liabilities, promises to pay and guarantees of debts are NOT counted and where asset guarantees, illusionary firewalls and unfunded rescue programs ARE counted and in some cases counted more than once. Europe has, in fact, provided a complex system of hoaxes, inaccurate data and false financial reports that have been for the most part believed but that belief system is now crumbling as every quarter presents new data that proves the inaccuracy of what we have been told.
“In my youth, I, too, entertained some illusions; but I soon recovered from them. The great orators who rule the assemblies by the brilliancy of their eloquence are in general men of the most mediocre political talents: they should not be opposed in their own way; for they have always more noisy words at command than you. Their eloquence should be opposed by a serious and logical argument; their strength lies in vagueness; they should be brought back to the reality of facts; practical arguments destroy them. In the council, there were men possessed of much more eloquence than I was: I always defeated them by this simple argument; two and two make four.”
-Napoleon Bonaparte
In America we are also suffering from a hoax; just one of a different variation. The notion that the United States, myopic in its vision, will escape the quite real recession in Europe and that there will be a decoupling of some sort is the same fantasy to be found in Cinderella and here comes the Prince to whisk you off to the castle. There is no fairy godmother coming to save us and I am afraid we are bound to labor for our wages just like everyone else. There is always variance between markets of different nations and regions but the last historical decoupling probably took place sometime before World War I and has not and will not be seen again in anyone’s lifetime. The world fought with rifles once and then tanks and now there are nuclear bombs and just get on with it because there is no way back. Recession in Europe will bring recession to China, will bring recession to America and just get it through your heads and plan accordingly.
The American jobs data on Friday shocked everyone; there was not one call from any corner that provided an accurate reflection of the result and yet what did anyone expect? Every country in Europe is in a recession except Germany and I can virtually guarantee you that Germany will be in one soon as they cannot avoid the contagion any more than America can. Germany and the United States, best of class in their own way, will be the last to suffer the slings and woes of misfortune but we will suffer from them in the end. The past monetary easing by the Fed and the ECB helped to delay it all but we are at a point now where any new easing won’t do much. This is because of our interest rates being at almost zero and where do you think we are going; citizens and institutions paying the government to hold our money? No, I don’t think so and this, coupled with plenty of liquidity now in the world so that any new injection of liquidity will provide only a very momentary buoyancy so that easing, any type of easing, will do very little to stop a decline in equities, a widening of credit spreads, a rise in Treasury prices and all of the other things that one finds in a recession which will be more severe than predicted by most and so the world, along with Europe, is meeting reality and will find it a quite unpleasant experience.
Looking Backwards
If the American experience taught us anything it should be first that ”best of class” will sink right along with the “rest of class” and that looking backward, when facing a financial decline has about the same benefit as dipping your body in the Ganges river and hoping for salvation. In a recession what was will not be and all of your attention has to be shoved forward to look at what will come and not what has come.
Percentage Increase, 1922-29
Industrial Production: +70%
Gross National Product: +40%
Per Capita Income: +30%
Output per factory man hour: +75%
Corporate Profits: +62% (1923-1929)
"Financial storm definitely passed."
-Bernard Baruch, cablegram to Winston Churchill, November 15, 1929
Greece has hit the wall and its financial engine lies in tatters. Spain has hit the wall and just not made the announcement yet. Portugal has hit the wall and will bang it again for good measure. Ireland has hit the wall and is bathing in its national self-pity. Germany is staring at the wall, declared “no Eurobonds under any circumstances” over the weekend while Monti says Eurobonds “will come” and so we are about to have a re-do of the Battle of Verdun. France is warming up to the wall and wants to spend even more to climb the damn thing. America is in self-denial that there is any wall at all. China is about to hit the wall and is adjusting its parachute.
Treasuries are the needle on the speedometer and if there is one clear indication of very serious trouble ahead you can read it there.
The fat lady is about to sing. If you don’t wish to listen then don’t show up later and say I didn’t warn you.
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While I agree that Americans are fat and stupid. If people want to be digusting fatasses who the fuck are you to decide they shouldn't be? Let them all die of heart disease and we will all be much better off. Independent reasponsibility, try it, you might like it.
That would work if we didn't have to pay for their fat induced illnesses. But we do.
That which can not be sustained, won't. Wah wah wah, they will still be fat. Grow the fuck up. Don't like the current policy of your insurance company? Change companies. You have changed the discussion to one of policy, which is another pile of shit.
Two and two make four, but if you rehypothecate......
But the hypotenuse is < 3 ... oh, hypothecate, never mind.
Meanwhile at the Bilderberg convention, here is their near future plan:
---Greatly reduce value of the dollar against the Chinese currency (yuan). This is an attempt to inflate the national debt away.
---Another Lehman Brothers like bank collapse?
---Bank runs (which is happening now)
See this...the first 5 minutes or so should cover most of it http://www.youtube.com/watch?v=3wzqirl-2G8
And part 2, if you like: http://www.youtube.com/watch?v=YoxiXR_YuYw&feature=relmfu
And for you Ron Paul fans, Heeeres Tucker: http://www.youtube.com/watch?v=SGe2SfMM9ZE
Also, Lindsey Williams sources tell him that they will crash the Euro and Dollar by the end of 2012. I mention this because the Euro seems to be folding right now. Ah yes, I think the Fat Lady is coming on stage now.
So its deflation, then?
Nailed it Mark. Question is, what to do about it fiscally, monetarily and politically. Not as clear as delineating the problem. This is coming down to a test of political will. In EU, do they have the will to join together and cede material levels of sovereignty? In the USA, do we have the political will to overcome a political systems where the first instinct to have somebody else (in this case the governement) get us out of this mess. We must rely upon collective efforts to limit the government's ability to do damage to a system that already is on the brink.
The problems of tday will not be solved by using the solutions of yesterday.
So more centralization for Europe and less for us???
Talking of "the wall" or any other apocalyptic event is utter nonsense in a fiat system. Any problem can be temporarily covered by the printing press. Politicians will always choose the easy way out.
We are in for a very long excruciating adjustment process where global standards of living get slow cooked down to the nubs.
In short, everybody is wrong. The head in the sand bulls have it wrong. There is no recovery. The diehard survivalists are wrong. There is no apocalypse.
In short, everybody is wrong.
Except for you, of course.
Any problem can be temporarily covered by the printing press.
But only temporarily.
There is no apocalypse.
Yet. When is not predicable.
Long Branch Rickey, better a year early than a year late.
Dick Bagg
So in short, the sun will rise tomorrow?
"Any problem can be temporarily covered by the printing press."
Really? Any problem like inflation? Hyperinflation?
Europe has, in fact, provided a complex system of hoaxes, inaccurate data and false financial reports that have been for the most part believed but that belief system is now crumbling as every quarter presents new data that proves the inaccuracy of what we have been told.
AND WHAT ABOUT THE USA? ALL THE FINACIAL NEWS IS TRUTHFUL?
Treasuries are the needle allright. They show how stupid people really are. Sure go ahead and buy more government IOU's makes perfect sense. NOT! These same assholes will be throwing themselves out of their wallstreet highrise windows when the banksters decide to do the old switcheroo and tank the bond and devalue the $ at the same time. Good riddance.
Do you think many humans are actually buying Treasuries? I don't. I think The Fed is buying them, and all the CBs are buying each others to prop one another up. I also think certain banks under central control are being ordered to buy them too. But I don't think individuals are.
I am not an expert, this is just an opinion about how things are still standing, at all.
If you won't buy Treasuries, your government will buy them for you. And it has been doing so.
Damn glad I have a redoubt in Idaho fully stocked and armed .... it's gonna get real bumpy .... how many faces will be eaten in metro areas? .....
I hope you will be able to get there and not have to retake your redoubt from a pack of hungry refugees. I live in my "redoubt". All of my neighbors are briefed and trained as well. I have canceled all travel until after the elections at least. I would hate to be stranded, in Beijing, Bangkok, Brussels or Boston for that matter...
Good Luck Patriot!
While we are being distracted by end of the financial system and what it portends, Fukushima still billows its poison throughout the Northern Hemisphere. The Japanese feel that they will have it corrected within a decade, although technical solutions are non-existent for the 1000s of exposed rods. Meanwhile how many millions will have their life expectancy shortened by 30 years or more?
Sad to say, but I have ceased to feel any sympathy for the Japanese civilian and their plight. It was replaced by the utmost contempt, as I now realize that by remaining silent and allowing their leaders to sweep this under the rug and ignore it, my 1 and 3 year old boys will most likely suffer the ill effects of Fukashima (if they haven't already). Fuck em. Maybe the next earthquake will mercifully sink the whole damn mess to the bottom of the Pacific.
35% increase in infant mortality in the northwest since Fukushima.
Ingested radiation harms the unborn the most due to their rapid growth rate.
http://blog.alexanderhiggins.com/2011/06/10/physician-epidemiologist-35-...
"Meanwhile how many millions will have their life expectancy shortened by 30 years or more?"
Not Many?
If any of the hype from guys like you was true, every hippie activist on the planet would be protesting en masse. My hippie detector says no big deal. The Progressive-liberal media would also exploit the shit out of it, this is exactly the kind of story they love to hype!
Boo!
Promises promises
Recession? Methinks we are already in a Recession and are really talking about a global Depression.
Only the fake PhD Keyenesian economic numbers say that we are not in recession already. Showdowfacts blows that away and reveals the truth. The inflation is being under reported, as we already know, but this also falsely bumps up the GDP numbers. GDP is still shrinking if you use the older methods.
I agree totally, by any metric that you can label the economy as in recession we never came out of the downturn post 2007 bubble pop.
We had a bad turn down then leveled off at that lower economy bumping along sideways, but sideways is not up. What fractional marginal incremental upticks there have been in some sectors have all been offset by other negative factors, improvement in employment for example has been offset by lower wages or fewer hours, part time, non benefit positions. Or, any increased production offset by much higher unreported inflation. In general the misery index for average people is if anything worse now than in 08 or 09, all "recovery" has been on bank and corporate balance sheets as paper gains due to bailouts and phony accounting tricks. My standard of living has dropped by at least 30% in 5 years. And since my income is indexed to inflation (HA!) that means some 45 million other Americans are sinking right along with me.
Lately I just always have this horrifying slow motion feeling that must be what those on the deck of the Titanic felt as they knew what was about to happen, part of them wanted the ship to stop going down, so they could cling to life a little longer, and part wanted it to just sink already so they could move on and stop being scared all the time. Then as the stern pitched up for it's final few moments before the keel snapped and the whole thing slid under the water forever they said to themselves this is it, here it comes, and that is the way it felt watching the markets Friday.
I have had this slow growing dread in the pit of my stomach ever since the first time I heard the word TRILLION.
US GDP is reported in USD. When they play with the inflation numbers they are skewing everything downstream. Hiding the truth is nothing new.
"May those who have eyes, see..."
http://www.shadowstats.com/alternate_data/gross-domestic-product-charts
Time for final preparations boys and gals.
Go over that list again.
Went over mine and realised I need a lot of spices(good to trade).
Oil of cloves for toothace,hudred times better than the modern tooth numb ers.
Go back and check your homework.
Get a few of those packs of temporary dental fillings, too...
Lubricants (tubes of grease, spray oils) will also be good barter.
www.survivalblog.com
To quote one economic doomsday sayer -
The medicine has become the poison.
The printing of money around the world will not find it's way to the stock markets. It is finding it's way to the "good" bond markets. Not that they are really good. All the criminals engaged in the fiat ponzi now realize there is no growing return in equities any more. Unlimited expansion in a finite market is not possible. The laws of physics and nature are taking over. What is not growing is dying. The dying may be slow. It could take a long time if the proper pruning was in place to take off the dead weight. Heck it might not die at all if the proper pruning was in place.
What you have is a tree in which the dead weight is taking most of the nutrients and the real producing part of the tree is getting less and less. The tree brain decides to direct more nutrients to the dead weight in an attempt to get it to grow right. With the dead weight getting rewarded - the good parts of the tree start to mimic the dead weight. Any nutrients now going to the dead weight are now not processed into anything that could help the tree. The dead weight will not grow right and will not help the tree.
The dead weight's goal is not to grow and help the tree. The goal is to control who gets the nutrients. By doing so it assures it's survival - and in the process it gets to decide the fate of the rest of the tree. Properly pruned the dead weight would not longer control this process.
All parts of the tree would work to grow. Right now you have tree part confusion. Truly those parts that produce a benefit for the tree are not rewarded. The reward goes to those parts that are wasteful of the nutrients. In fact the more wasteful they are the more nutrients and control they get. Good producing parts of the tree now desire to become dead weight because that is what is rewarded.
Only a few parts of the tree know that the end game would be the total destruction of the tree. The dead weight will eventually starve the tree. It can only retain control of the tree by saying it is the most beneficial part. Should the good parts of the tree decide - casting off dead weight will be easy and tree will spring back to life almost instantly. The good parts just don't control the means of communication necessary to get their message across the dead parts controlled media.
So the dead weight is taking the nutrients and rather than feeding the parts of the tree that produce - it is storing them to last until the tree actually dies. The bond market is the storage port of choice. They will never ever use all the money - they just don't want it going to the producing parts of society. They would rather pay a negative yield - loss some - than do the right thing.
Umm... I think metaphors are supposed to streamline the concept you're talking about, not make them more verbose.
You sir, remind me of Chauncey Gardener!
"Life, is a state of mind."
You sir, remind me of Chauncey Gardener!
The fat lady has been wailing away since at least 2008 (you could make the case she started in 2001). The bitch is probably hoarse by know. We're definitely in a depression and will be there for some time and unlike the last global economic depression of the 1920's, I fail to see how a war would solve America's problems since America has been at war on at least two fronts since 2001. The only thing that will solve this is for citizens to recognize the change, accept it and embrace a reset - some combination of default and jubilee coupled with new monetary systems. The devil is in the details, though.
Bottom line, deflation bullshit!
Central banks will print us into oblivion.
Buy hard assets.
when the walls......come crumbling down
http://www.youtube.com/watch?v=PErUiAyVoGc
The 'Black Swans' are going to look like pigeons in Central Park pretty soon.
Of course, "Nobody could have seen this coming."
Here's a old little ditty fer Benny Inkjet:
http://www.youtube.com/watch?v=yhuMLpdnOjY
I have said before that the Fed is out of ammo because it is clear to me that the transmission channels for the Fed's policies, be it MEP, QE or what have you, are not functioning well. The only significant impact from all these efforts can be seen in lower interest rates. However, nominal interest rates are not negative yet in the US. I think the Fed may want to drive nominal rates firmly into negative territory. will that revive portfolio rebalancing transmission channel? perhaps for a few weeks. i think if the Fed resorts to additional monetary easing (perhaps justified by tightening of financial conditions and sticky UR) it will be viewed increasingly as a sign of desparation. my contention is that the market will see it as such and will not play along that is the market will "fight the Fed" in a passive aggressive fashion. I dont think the Fed wants to risk this outcome. if they do, well, bring it on. June FOMC meeting is key.
In general, I believe that global monetary authorities still have a few rounds of policy left but within one year we should be in the position to discover that the old order is outdated.
just my 2 cents
I cannot understand the end times financial scenaros.
Currency is debt/fiat. If their ain't enough, more is created.
In the meantime, the vast number of citizens keep going to work or trading worthless stocks and bonds...their reward being more worthless fiat, which is then extracted via various mechanations.
Where does any of this lead to a "crash". Catherine Fitts talks of the SLOW BURN. Which is exactly what all of this is...burning ones life in futile pursuits.
Stack baby stack. Just bought another 500oz of the shiny stuff and a couple more oz of the yellow stuff. I never thought I'd have as much PMs as I do, nothing quite like opening the safe to see it all. This period will be looked at as the best buying opportunity for the PMs in a long time, especially as the PMs rise to all time highs by year end or early part next year.
The mining companies will start to be nationalized at an increasing rate, I played the NUGT trade and was able to get out with some nice profits recently but I wouldn't play it again. NUGT (miners) will go down while the asset continues to rise even though it will likely have substantative moves in the short term but once the mining companies start to get nationalized - bam.
3 more months of trading paper assets before it goes bye bye and the whole system freezes and crashes. The next cycle will be (post lows) will be one where you'll be able to leverage realy assets to buy more real assets. For those that are prepared it will Greece on a global scale, where assets can be picked up for 5% of their pre-crash value - which are already at post-2008-values. An oz of Gold will likely be enough to get an entire home or several shares of the DOW, this period will only last for a few months but it will be an amazing time.
Since Governments will be completely desperate buying (and selling) these assets will be tricky I suspect, as this desperations winds into full fledged panic they are likely to go the route of confiscation and even forced conversion (retirement assets into Treasury Bills). This is the scary part because it is these actions that will escalate into massive civil unrest and ultimately violence. A couple guns will only provide so much protection against tyranny - we'll need to band together if we are to have a chance.
Since the fear factor is working to their advantage (see Irish referendum) we may not see the uprising everyone hopes for, instead we could become just another Greece or Ireland where we give away our future (multi-generations worth) to pay the banksters and politicians - forever! Hopefully this won't happen in America, at least we have some sensible people like Ron Paul to help guide the country post the crash. Ron's role is really just starting, he is the hope we have to lead America out of what is coming. It was depressing to see the Irish vote on the referendum, almost 61% for the fiscal pact. Scare tactics worked extremely well and look to be working in Greece as well.
This is another good article on ZH, nothing like Sunday morning coffee and ZeroHedge when starting to think about the week ahead. How long before our paranoid gubmint takes down sites like ZH? Unfortunately, it is likely to happen at some point when things are at the worst - sometime before the end of the year I think. We are likely to see the actual implementation of the recent draconian executive orders and bills signed into law - these include all kinds of goodies like martial law, gubmint confiscation of anything and everything from personal assets to business and corporations. The President, at the point he declares a state of emergency, becomes a dictator where his word is law, indesputable law. The constitution is put on "hold" during these times and whatever the President says is law - the Congress become irrelevent as does every other power structure.
For those that don't think this is coming just go look at the recent Bills and executive orders signed into law, also look at some of the older bills (espionage) that have been updated and refreshed to reflect the current state of affairs. He (the President) has already invoked some of the measures like the espionage act - several times. To think this is anything other than what it appears is naive and incredibly irresponsible if you have a family.
What is amazing is the fact that the Mayans apparently had some insight into the future given the apparent timing for the global implosion. Its definitely fair to say that whatever happens will end the current monetary configuration and financial power structure to give way for some new system, the question is who defines that new system? I'm sure the bankster/politicians already have it laid out, I guess the real question is whether or not society will accept it?
Keep on stacking, increase your physical holdings as much and as fast as you can - chances are really good that these are the lows for PMs and we won't be back to test them anytime soon. Of course bottoms and tops are always difficult (or impossible) to predict but without a miracle happening what is going to turn things around? nothing at this point. The best Europe will do is kick the can down the road, that means printing money and while the US denies it we'll be printing money too - if not for anything else other than to devalue the dollar! None of the current idiots running things want a strong dollar, in fact the stronger it gets the more it hurts our illusionary recovery. The Europeans will likely go first but I'm sure the US is right behind them along with the BOJ, BOE and the BOC - since this isn't anybody's first time at the printing party we are likely a much more efficient and creative approach to selling it.
Everyone knows two things: the western banking system is completely insolvent AND printing money is the only viable solution to both politicians and central bankers. Given that backdrop what do you think is going to happen? Right, that's why stacking is the logical hedge against printing more and more and more currency - so much so that fiat currencies will lose their position as money.
Good luck fellow ZHers.....
Great Post Tribster!
I agree with everything you said, except the Mayan stuff... The little retards couldn't even predict their own genocide...
Stack away my friend, I have to start all over again. All of mine was lost when a bridge washed out over the Maumee River, right when I was driving home from the coin dealer, fuck!
Cheers - Ookspay
Dat you Howard?......or Tom Noe LOL
-----Olde English "D"-----
Ah yes, it can be worked out until some major player flips the table in a rage. Then everything reverts to the "lowest common denominator" of human behavior. Always has been this way, always will be this way until either a three km Asteroid smashes into us or we snuff ourselves in that very fit of Rage.
She's not gonna sing, she's gonna hurl!!!
http://weaselzippers.us/wp-content/uploads/2012/02/Hillary-Clinton.jpg
You'd have to be crazed to eat that face....
Monday trading is going to be a real cunt.
(Marge and Lisa watch a steamy soap)
Lisa: Gee, is it always this good?
Marge: Mmm. I don't know. I just dip in and out. I'm only watching today because Randi is coming out of a coma, and she knows the phony prince's body is hidden in the boat house.
[on the TV soap opera]
Woman: Father McGrath, I thought you were dead.
Father McGrath [looking crazed]: I was!
LOL, PE!
Fucking Zombie Priests! The only way to kill them is to impale their rectums with a four foot wooden crucifix!
ECB = TEPCO
Living in Idaho and fully armed!!
Hiding in plain sight.
Uncle R, And I will ride my bike through the streets with a ear out for the zombie wolf.
another well-written [easy & fun 4 me to read] piece ending in a cheap shot of "you have been warned"
gladStoner, disraeiliGears + the nappyEmperor who usta be an artillery looey and used [2+2 = fire!] to take all the chips
how fuking edifying!
that lost illusions theme park was quite the thing in 19thC propwash, too; balzac wrote a series about it: the young men and their noble and honorable father raising them; their plot against nappy; their capture; and nappy knowing they were gentlemen, let them hang around for a while and kiss his ass a bit, while he toyed with the last of their illusions; then he ordered them, trained by their father as horsemen, into a hopeless situ he had created for them on the field of their dreams, ordered them into it, and savored their most honorable demise
no more false alarms! it's the fatBiCh next, comrade BiCheZ!!!
trust me! L0L!!!
nappyEmporer. *snicker*
U been Imused.
disraeiliGears - Long Cream.
I don't get the preppers. They really think that their little fortress with a few guns and supplies will be safe from the roving bands that will come with many more guns? Even in an isolated cabin somewhere the locals will come and take your stuff. Almost smarter to be prepared to be one of the horde members....if you really believe it comes down to this.
No place to hide. Better to spend your energies trying to help create a solution to the mess. Let's start by dismantling the fat pension plans of bureaucrats and nanny state nonsense and take us back to where we were just a couple of decades ago.
There's plenty of monies they just need to come back to those that produce.
We need people practicing both tactics: people actively defending themselves, like preppers, and people acting as human shields, yammering on about pensions and the nanny state. The latter group will act more like a buffer than a shield, unfortunately.
There is no solution, other than prepping.
This is not some fat-bureaucrat-where-to-spend-the-fiat-monies-type-of problem. This is about lack of energy.
> ... spend your energies trying to help create a solution ...
What energies?
Have you heard of the Slippery Slope?
This is it:
http://www.energybulletin.net/image/articles/2544/LBST_Countdown_2004-10...
You are on that Slippery Slope. What energies are you refering to?
It's [almost] over. Prep!
Such logical thought.. Ever focus your laser wit and wonder if all the locals are the preppers that roads and bridges are blocked and the only way there is to hoof it, what happens then the horde commandeers helicopters and flying carpets.. The illogical thinking of the sheep who fill in all the little important details with their fairytale thoughts never ceases to amaze me.. If everyone is the hoard whom do we attack?
What we need is a global "reset". Admit failure and default collectively. Then start over with small govt, 100% free markets and competition for money.
This will of course never happen so we can expect disaster and after that repetition of the same old mistakes.
Greek prisoners are slowly dying of starvation. There isn't enough cash to feed them and most are now suffering from malnurishment. This was in a greek paper, but I can't remember which one I read it in.
If you lock people up in cages at least give them food and water. The US has the biggest prison population, so we can see where this is all going for them. Hopefully they will at least let the non-violent ones out, which would reduce the numbers by millions (Don't buy stocks in prison companies). Although, once out of prison what to do?
What other nations have set up FEMA like camps all over their nation like they have in the US? It looks like they know that when it finally hits US it will be worse than anywhere else, otherwise why all the draconian Constitution-scrapping laws and fully stocked Halliburton built Camps?
So we have people in the West already starting to starve to death, the big crash hasn't even completed, and MSM is still not telling the people how serious things are getting.
People that do know what is happening can only prepare quicker now and have an escape route OUT of the U.S......Where this thing is going to get the ugliest and longest of any nation.
I'm one of those that thinks they will shut the U.S. borders to prevent people from leaving who are trying to preserve what little wealth they have, OR to prevent people who have DEBTS owed to the Banks, SUCH AS student loans, etc from fleeing the country. So definitely have a way out.
Incredibly well written article. In fact, one of only a few "doomer" articles that I genuinely respect.
MF
A look at the SP500 weekly.
http://bullandbearmash.com/index/sp-500/weekly/
This market certainly appears headed south.
Best title I've seen here for a post. It would be hilarious if it weren't so sad.
Fat Lady... sing NOW! Enough of this fucking bullshit...
Wow! Some awesome reading in the "Comments". This is the problem with dueling propaganda machines and an entire class of people that make their living from "spin" (i.e. lies).
The only thing that is certain - is change will come.
Rich folks - if you actually have skills/knowledge/abilities - fear not - you'll have a chance to demonstrate your superior _________ as you struggle to meet the new challenges.
Middle-class folks - fear not - you've been working most of your lives anyhow - what's the difference? Or, take a chance as a new situation unfolds.
Poor folks - well - if you aren't afraid to work - there will certainly be work to do.
Remember - there is no "TRUTH" there are only "truths". There is no "JUSTICE" only "just results". Good luck to all folks of good-will.
If anything with thumbs survives, it will be like this
http://www.tacticalintelligence.net/blog/shtf-survival-qa-a-first-hand-a...
Sure, they stay put...
However they must run out yelling Hot hot hot lest they get cremated inside.
This period in time must be like it was in Europe in the 1930's when most politicos practiced a form of mass self deceipt-or "willing suspension of disbelief" as it were ,when most simply were either to frightened or stubborn to face what might be coming. No one, not even on the scene obserevrs, who knew the Nazis were no damn good-not even they could have predicted how bad things would become. Read William L. Schirer's diary. I mean this in an economic sense in today's world. we may be on the brink of a financial catastrophe as severe as the political catastrophe of the 30's and we still may not be able to see how bad this whole thing could get. i sure hope i'm wrong, but hope implies hopelessness.
And....
The Fat Lady Farted
The title alone is worth a Pulitzer!
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