"Gentlemen, in the little moment that remains to us between the crisis and the catastrophe, we may as well drink a glass of champagne." -- French diplomat Paul Claudel, 1931, quoted in The Devil's Decade by Claud Cockburn.
America has good reason to worry about Greece by Clive Crook.
Bank Funding Crunch Deepens as Swap Rates Soar: Credit Markets by Shannon D. Harrington and Abigail Moses
Stock market time bomb? Derivatives crash could blow up the global economy by Arnaud de Borchgrave.
The Welfare State's Death Spiral by Robert Samuelson
This will not end well. Creditors, whether governments or gangs, always come with force to collect.
Are you ready to resist your own enslavement yet?
12 comments:
Yes, this will not end well. The big question is when?! I have been following these financial Cassandras on various blogs and websites for over a year. Disaster is always just aroudn the corner. Greece is broke, riots in the streets, etc. Then, money gets pulled together and the system keeps lurching forward. No one nation or group of nations will ever face this problem head on. In the end, everyone(including the US sheeple)will opt for printing more monoply money to keep the monopoly game ongoing. Catastrophe? Nonsense!
YES !
Chris
III
Only time will tell
The problem is that no one, not even the politicians and bankers whose actions are bringing about the collapse, can say precisely when it will happen. I would say that we have months left, at the very least, before a total collapse. Could it take a year? Five years? No one knows. What I do know, however, is that the our financial reckoning will come and when it does it will be sudden and brutal and occur over only a matter of days. It may take a while for people to recognize the full extent of the disaster but once it makes itself known it will be clear that our system has collapsed. Preparation is the key. Food, water, alternative currency, firearms and the training to sustain yourself and your family. And, I would add, abiding faith and a knowledge of history.
Anon #1 has hit upon our biggest problem. Even very aware people in my circle of friends cite "They've been screaming 'The collapse is IMMINENT!!' for my entire adult life. It hasn't happened, and I don't think it will -- our Government won't let it..." as their reason for declining my exhortations to prepare.
Some even say "Besides - if it does, we'll just come to YOUR house."
It pains me to have to explain - even to the very best friend I've ever had, a man I love like the brother I did NOT have, that if I am forced to choose I would turn them away by whatever means necessary before allowing them to consume my meager rations and hasten my family's death by starvation.
It'll kill me, but I'll do it.
God help us -- and God Save Our Republic!!
DD
No, this will not end well for most. But the prepared will be OK. Borrowing a page from the handbook of passive aggression, the key is JUST DON'T. By that, I mean when the collapse comes, stop cooperating, stop paying for your car registration, stop paying your taxes, stop cooperating in any way you can. There will be too few of them and too many of us for them to do anything about it. Especially if they meet stiff resistance. After all, they're not wedded to their beliefs, they're wedded to their paychecks and when their paychecks stop being worth anything, they'll be more worried about their families than on coming after you and me.
Ready and almost eager.
The old parable about the "Sword of Damocles" comes to mind.
Mike there is posting on the cliffs of insanity about Government take over of 401-k´s. A temporary shoring up of the Treasury, go take a look.You might be interested.
Dennis
III
Texas
Put your money in the 3 main precious metals while your money still has any value; Gold, Silver and Lead.
The Return of the Great Depression
http://www.amazon.com/Return-Great-Depression-Vox-Day/dp/1935071181/ref=sr_1_8?ie=UTF8&s=books&qid=1255037695&sr=8-8
His commentary:
http://www.wnd.com/?pageId=43&authorId=170&tId=8
His blog:
http://voxday.blogspot.com/
His economic outlook is pretty spot on.
And no ... they WILL NOT keep on printing money.
They DO NOT keep on printing money.
Most of it is nothing more than "book" entries.
In other words ... non-existent.
The debt exists ... the "money" does not.
Figure that out.
Any bets that carbon credit trading will be the Fanny & Freddy which crashes the derivatives market?
Austrian school economists know what is going on. See lewrockwell.com
As to when, it is impossible to tell. The system is far too complex. But it's pretty clear it will be soon.
There are two conflicting tendencies, that it's hard to say how it will work out. On the one hand, in dictatorships, the ruling class and its enforcers are always well fed no matter how bad the economy is. On the other hand, for that to happen, the general population has to be easily parasitized. I don't think that will be so in America. And with no money coming in, there won't be much government. Hard to say how this will play out.
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