Are You Ready? The Government Doesn't Give A Damn

Market Ticker ^ | 8/22/11 | Karl Denninger

[Mariner]

Like the author I have been unwavering in my contention that this debt deflation has yet to play out.

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.

[shield]

I thought I'd get some feathers ruffled with my statement. I've been waiting...very good.

[Mariner]

"Funny, we haven’t heard from those guys ridiculing the “gold bubble” and talking about Dutch tulips lately."

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...

[DaxtonBrown]

Thanks blam. my website is http://www.futurnamics.com
Still pretty rough site.

[Hugin]

And I’m predicting $2000 this year, and 2500 sometime next year.

I guess we’ll see.

[Dr.Deth]

Bookmark

[VRW Conspirator]

Found at the link:

Posted 2009-03-05 10:57
by Karl Denninger
in Editorial

[DuncanWaring]

Yep, that’s when he wrote it.

[DuncanWaring]

...Germany tried to take over Europe four times in the last 200 years, and lost every time.

Were it not for the Second and Third Marine Divisions at Belleau Wood, they may very well have pulled it off in 1918. ;-)

[PLMerite]

“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.

[DaxtonBrown]

[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.]

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.