How would "signs in the heavens" change what you see coming?
A SIGN of the TIMES ?
Posted on 12/31/2012 9:07:36 PM PST by blam
You Know How This Ends Right? This Ends Through War.
Mac Slavo
December 31st, 2012
In 2006, when Americans were flying high on ever-expanding credit and double digit real estate growth, hedge fund manager Kyle Bass came to the conclusion that something was very wrong. He and his investors determined that a massive real estate bubble was forming in sub-prime mortgages. But rather than just making a prediction, they put their money where their mouth was, and took a $4 billion gamble that the real estate market was about to detonate.
At the time, many in the industry and within financial circles thought him crazy.
History, however, proves he was right.
When the real estate bubble did finally burst, stock markets plummeted and mortgage backed securities fell to pennies on the dollar. Bass and his hedge fund made billions in the process.
Bass’ foresight was 20/20, and now he has issued a warning so dire that it, like the real estate crisis and recession that followed, is unimaginable for most Americans.
In many of these situations the quantitative analysis is already done. It’s just a question of when will this unravel and how will it unravel, which I think is the key when we’re thinking about the chronology of events and the likelihood of events going forward.
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Something that I think is really important to pay attention to, in the last 10 years debts around the world – this is total credit market debts, this is on balance sheets, sovereign obligations, corporate debt, household debt – has grown from $80 trillion to just over $200 trillion.
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We sit today at the world’s largest peacetime accumulation of debt in world history…
…You know how this ends right?
This ends through war…
…I don’t know who’s going to fight who, but I’m fairly certain in the next few years you will see wars erupt, and not just small ones…
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You’re going to see more social unrest.
You saw HUGE riots in Greece, and you’re seeing HUGE riots in other parts of the world over food (and lack of food) and those are actually derivatives of the financial problems that we’re seeing. We’re exporting inflation to some other nations. Going forward it’s going to be a problem.
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They’re not going to tell you [that a collapse is coming]. You’re going to have to see it for yourself. [During the Tequila crisis], the Mexican government affirmed they would not default, that they would not devalue, almost daily. The day after they said “we wont devalue,” they devalued by 60%.
The government’s never going to tell you that it’s going to happen.
Greece’s Yunker said recently, ‘When it becomes serious—you have to lie’. These guys are never going to tell you the truth, because they can’t tell you the truth. Their job is to promote confidence, not to tell you the truth.
Watch Kyle Bass: Full Speech at the AmerCatalyst 2012 Conference (Approx 1 hour)
The United States, Europe and the rest of the world have created more debt than has ever existed in the history of the world. Debt is nothing more than a representation (and expectation) of future earnings – future work. But, as many of us know, there has been so much money borrowed that we can’t possible every expect to pay it back. In fact, the only thing we can expect is that we will continue to take on even more debt.
At some point in the (near) future, the plug is going to be pulled and no one is going to lend anyone any more money. We saw this on a small scale in 2008 when credit markets around the world froze up. No one was lending money. There was so much risk that banks not only refused to lend money to individuals and businesses, but they refused to even lend each other money.
Central banks around the world, namely the U.S. Federal Reserve, calmed financial markets by pumping out trillions of dollars in emergency lending. This gave many a perception that things were returning to normal, but as Kyle Bass points out, we are in anything but a normal situation.
Debt has sky rocketed and we’re not going to pay it back – ever.
Like the mafia does when debts don’t get paid, our creditors are eventually going to resort to ‘breaking some legs.’
But we’re talking about debts of entire sovereign nations here, so the tools used to ‘take care of it’ won’t be crowbars or baseball bats, but rather, soldiers, tanks and intercontinental ballistic missiles.
War is coming – just as it has throughout history.
And the 99% of Americans who believe in a benevolent, all knowing, all caring government will be the last ones to get the memo.
Ignore the warnings at your peril.
Humans tend to get themselves into this predicament - hence the Biblical “Year of Jubilee” every half century. We’re gonna screw it up on a predictable basis, so just plan to hit reset.
I warned my son about that possibility when he was here Christmas.
And check out this thread...for some dialogue:
Obama, Senate Republicans reach agreement on ‘fiscal cliff’ (All taxes, no cuts)
There’s a reckoning coming, no doubt about it. This country is occupied by two nations that absolutely loathe each other. The question is timing. What will be the spark? Will it be tomorrow, or will it be decades from now? One way of dealing with the uncertainty is to be absolutely sure who your friends are, and start digging now to identify potential future threats within your community. Which of your neighbors would be likely to support a regime drifting into tyranny? ID them and file it away in the back of your mind. Update every time you meet or learn about someone new, or when you have to correct initial data. It’s a slightly tinfoil-hat perspective to take, but having an advance notion of who to trust and who to frag could save your life in the chaos of civil conflict. Ugly thing to contemplate.
What Good Can a Handgun Do Against An Army?
http://www.freerepublic.com/focus/f-backroom/2312894/posts
It could end through war, although that would be awful for a lot of people to suffer war over something not their doing.
A better solution would be to depose and remove the problem leaders. Instead of millions hurt and inconvenienced, hurt or killed, there are maybe 1-500 people who could be banished from the country and end the drama and problems. Perhaps more if the media is included.
Gasoline is still 20¢ a gallon, if you use silver dimes.
“But were talking about debts of entire sovereign nations here, so the tools used to ..take care of it “....
Extortion-Care,
which is the reason for the panic deal to push it through, and the imposter Roberts to gavel the final vote.
and a “tax” was decreed....
The number one debtor is going to attempt to secure it’s downgraded debt, on the shackled backs of decent U.S. citizens beginning in 2014.
They were actually counting on the “cliff” to coincide with 2014, to begin leveraging the average citizen, but it shows how fast (rate) the debt is accumulating.
Watch for coming Arbeitsziehungslager
Me too.
Could it happen again?
It will be the US vs. China. Time to pay the piper. You get into bed with the devil, and now the devil demands his piece, and you will pay dearly.
China is more apt to be the "Arsenal of Democracy" with us playing the part of Britain, and ? (Mexico, Canada, Nigeria, whoever) playing the Axis.
Except China will be supplying whoever is playing the Axis, too...
I’m thinking about taking bets on when obama signs an EO eliminating all nukes, just like he promised Putin. Then we will be totally defenseless. Maybe Russia is going to hit us hard and that’s why he won’t allow any adoptions.
I don't think they can make a bottle small enough....and even if they did, ya couldn't dump a nickle bag of peanuts into it.
Those people traded their independence to the State for a mess of pottage. It is their doing. War is their heritage.
They might, when the dollar has been devalued by 99% or so.
FWIW I’m in India, and I don’t see that much to indicate a major rise.
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