Posted on 08/22/2011 6:30:52 PM PDT by Kartographer
The world will recognize the Depression we have tried to cover up. This is not a US-centric story. The Eurozone will get the unemployment and tax consequences too. Germany will be forced to choose between propping up the entire rest of the Euro (which it can't) and detonating it and going back to the Deutsche Mark (which it will be forced to.) There is a very high probability of war that comes out of this, although the exact trigger is not something I can forecast. War is the classical solution to these problems, and it is unlikely to be different this time.
(Excerpt) Read more at market-ticker.org ...
And play out it will.
The World has lost over 50% of it's financial wealth due to bad debt. Think about it. 50%.
This will be uglier than hell.
The Fed cannot print enough money to cover the losses.
Buy and hold cash, both under your mattress and in the bank. Own weapons, ammo and food...and other essentials.
Homes will sell for their cash value...approximately $10/sq ft within 3 years. Minimum wage will be a good, living wage. Gas will be a buck a gallon, or less as our consumption is reduced by 50% or more.
Don't forget to put away a case of Whiskey and 20lbs of coffee.
I'm predicting gold at $1200 by the end of the year and 1/2 that by the end of 2012.
Don't forget to check in and tell me how stupid I was...
Thanks blam. my website is http://www.futurnamics.com
Still pretty rough site.
And I’m predicting $2000 this year, and 2500 sometime next year.
I guess we’ll see.
Bookmark
Found at the link:
Posted 2009-03-05 10:57
by Karl Denninger
in Editorial
Yep, that’s when he wrote it.
Were it not for the Second and Third Marine Divisions at Belleau Wood, they may very well have pulled it off in 1918. ;-)
“I just published Surviving Civil War II.”
UPS just dropped my copy off, but with the earthquake and everything I’ve been too rattled to sit down with it. Thumbing through it, it looks good.
[UPS just dropped my copy off, but with the earthquake and everything Ive been too rattled to sit down with it. Thumbing through it, it looks good.]
Thanks so much for buying, it helps me continue my research on Harry Reid.
Truthfully, it may not be a perfect book (it could have ballooned to twice the size), but it really is cutting edge. The big insights are that we are already in a Civil War, but this one is over debt slavery because of the unpayable multi generation deficits. I’m open to discussion whether you agree or disagree with the conclusions,I don’t take even nasty comments personally because I think of my books as ongoing experiments.
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