What is fascinating to me is that back in 2006 I was predicting that this thing could actually get worse than the great depression. Not only was I vilified for it, but even I had a hard time accepting it. My raw understanding of history and human nature told me it was a very real possibility, but my emotions just could not fathom it.
It turned out to be more real than even I thought.
It is like the time Bill Gates made the comment that computers could reach a standard price point below $1,000 and it seemed ridiculous, if it were not for him being the one saying it. What I am saying is that it is all about our ability to break strong paradigms.
With all that said, I actually DO think the February 2009 prediction is believable - and MUCH MORE so than last March. Just look at how our leaders (and leaders of certain other countries) are acting. It is peculiar.
I am one of those that believes this stimulus package will pass in one form or another. I am also one of those that believe that if it does, in a few months we will be in the same condition, only worse, and several hundred billion down.
The math doesn’t lie.
And “the mob” (ChiComs) doesn’t support “debt forgiveness.”
Depression and then massive warfare.
At least it will disprove the Caroll Quigley’s and Richard Nixon’s of the world, who believed that if all the world economies were dependent on one another, there would be no more war.
What if all those economies fail? What else is there? Hugging and kissing?
Because we were united through the socialist, totalitarian system of central banks and because our monetary policy has no solid backing, and because we believed that if we let manufacturing disappear everyone would find jobs in upper management, the math will not let us lie for much longer.
The bill is coming due. And as we step up to the cashier, we realize our wallet has been emptied by thieves.