"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."
-~~Ludwig Von Mises
Thanks to Obama, the Trillion Dollar Man, we don’t even have a chance to capitalize pure dumb luck, even if we are that lucky. The guy closed off every last shred of faint hope.
People misunderestimate just how long a modern government can keep their balls in the air. In the old days it was just a keen eye and quick responses. Now with computers it is all forecasting where their balls will be at any given moment in the future. This will lead to overconfidence of course, so it will take longer, but be bigger when it happens. Their balls will be crushed!
This is the way it has to end. I pray later than sooner so I can avoid it, but things are happening so quickly now, the world economy is just steadily decaying, I suspect something big like this will occur between 2015 and 2020.
You’ve been right all along. There is no changing basic laws and principals.