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The Crisis Is Imminent: “When The Real Crash Comes It Will Be Worse Than the Great Depression”

“The United States is like the Titanic, and I’m here with the lifeboat trying to get people to leave the ship… I see a real financial crisis coming for the United States.”

Peter Schiff August 2006

He must be reading my posts because I’ve said both on numerous occassions. I don’t get into elections all that much because I see it as having captain and crew elections AFTER the ship has gone dead in the water and the water is now above C deck. They are an exercise in futility. My focus is on finding hammers and nails so I can make my family a lifeboat out of deck chairs.

I was just mentioning to someoen this weekend that one talking head said, a couple of hears ago, that these things always take longer to happen than those that see it coming think it will, but once it does happen it unfolds with a rapidity even they did not expect. Have you ever laid on the ground during a rainstorm and watched a raindrop come toward your head? It seems to cover the last foot a hundred times faster than the distance before it.

I’m already seeing it speed up. Even NPR’s in depth report yesterday about the fallout from obamacare was extremely gloomy. And yes, I think Obamacare could be the straw that broke the camels back, mainly because it’s really a bundle of rebar. Extra thick.