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.
Building factories in China had nothing to do with producing consumer goods. It was and is about having factories that can be converted to war production at the drop of a hat.
The unemployment rate in Mexico is 5.2% (2011 est.) 5.4% (2010 est.) . BETTER than the US unemployment rate....
The BOs, the Idi Amins, the Mugabes, the Moas, the Stalins, always get the serfs to kill each other. The slimy underbelly of these leaders should be the primary target.
I’m interested in seeing how bright this comet gets. Still many civilizations believed comets were a bad omen. Well, they were right in some cases, in 1066, when Halley’s Comet came around, the battle of Hastings occurred and Harold Goodwinson lost to William the Conqueror. In 1910 on another trip, a few years later, World War I.
Have you quit paying? My taxes are deducted from my check. I have no say in the matter. The federal monster has the power and guns to remove any amount of money from any securities or cash accounts using a few keystrokes.
Unbe-flipping-lievable.
61 posts before someone hit the truth.
Wake up everyone. China is planning our destruction.
Even our side, is utterly fooled.
Maybe that is their ultimate goal but for now, they want our money. Still, they could spring a trap at some point so you are likely right in the long run if we keep going this way.
China is diligently developing Africa as a new market and raw materials source.
They are achingly aware of the dangers of having to depend on the current incarnation of America for anything. They are working on a new Plan A(frica).
Thanks for the link!
Perhaps not so well for the French. They haven't been worth a pinch of fecal mater since they guillotined anyone with any education or gumption.
Give me a day’s notice before you come for me here in SF.
Conservatives and the liberal media seem to agree on reporting ethanol as a problem leading to higher food prices.
Of course for those who make money from the ethanol business
they could care less about the higher food prices.
GET RID OF SPENDING OUR TAX MONEY ON ETHANOL, PLANNED PARENTHOOD, PUBLIC BROADCASTING AND THE LIST GOES ON.
THAT’S A GOOD START TO A ‘LIBERTY PARTY’ PLATFORM THAT SAYS
NO DEPARTMENT OF ENERGY, DEPARTMENT OF EDUCATION AND THE LIST GOES ON.
ALL THE PEOPLE THAT WORK IN THOSE DEPARTMENTS CAN LOSE THEIR JOBS THAT COST US TAXPAYERS BILLIONS OF BUCKS.
I found this: http://1035-exchange.com/
Yeah, in the "media" this is a fairly constant meme. Unfortunately, much of both the "conservative" (Fox) and "liberal" media are heavily owned by OPEC (in various national guises), which are very much interested in keeping the US "on the oil tit".
But when I go to the USDA website, where there exist every POSSIBLE statistic on crops, crop prices, yields per acre, acreage planted and actually look for EVIDENCE, I don't find it. I was raised on a family farm, where both corn and soybeans were the cash crops, so I am pretty well acquainted with the trends (past and present) of prices to farmers for those, and have kept a nodding awareness of those ever since I graduated from college (1973).
"Of course for those who make money from the ethanol business they could care less about the higher food prices.
Which is precisely what the left and OPEC want you to think. But, to the best I can find out from direct evidence, it ain't ethanol production that is driving it. I would suspect energy prices are a MAJOR factor, just like they are for everything. But the OPEC-owned folks don't want you to notice THAT, so THAT won't be reported significantly.
I pretty much agree with you on shrinking government everywhere as you suggest, but IMO, you (and many others) are being misled by a bunch of propaganda related to ethanol-from-corn.
Note that the same forces are behind the gigantic "anti-fracking" meme that the media is trying to foist on the public to prevent major exploitation of "home-grown" shale gas and oil supplies.
I didn’t make that comment about Mexico. I was repeating it from another post.
You have hit the nail on the head. History repeats itself. The fools of this country have repeated a more evil form of the 1930’s. This one is real hell.
Just as there are long and short tons of differing weights, so there are various talents. That with which the Jews weighed silver was about 120 pounds Troy, or 96 pounds avoirdupois. That for weighing other materials was about 135 pounds. The Babylonian talent was even heavier while the Greek talent was about 86 pounds. The lightest of all was the Attic talent which weighted 57.7 pounds. In biblical usage, it would be the silver talent of 96 pounds that would almost certainly be designated. However, even if we take the smaller Attic talent, we have a weight that is considerable.4 These are no ordinary hailstones, but the supernatural work of God. “A point of similarity between Joshua Jos. 10:11 and Revelation Rev. 16:21+ is found in the fact that both passages describe the hailstones as large in size. . . . Clearly Joshua Jos. 10:11 describes a supernatural event.”5
True to form, the preterist interpreters attempt to find fulfillment of this obviously supernatural drama in the relatively puny machinations of Rome’s siege of Jerusalem (remember that for many preterists, “Babylon” = “Jerusalem”). They make much ado about a passage in Josephus which mentions the weight and color of the stones thrown by the Roman “engines” [catapults] in the siege of Jerusalem:
The engines, that all the legions had ready prepared for them, were admirably contrived; but still more extraordinary ones belonged to the tenth legion: those that threw darts and those that threw stones, were more forcible and larger than the rest, by which they not only repelled the excursions of the Jews, but drove those away that were upon the walls also. (270) Now, the stones that were cast were of the weight of a talent, and were carried two furlongs and farther. The blow they gave was no way to be sustained, not only by those that stood first in the way, but by those that were beyond them for a great space. (271) As for the Jews, they at first watched the coming of the stone, for it was of a white color, and could therefore not only be perceived by the great noise it made, but could be seen also before it came by its brightness. [emphasis added]6 Notice the priority inversion typical of preterist interpretation.7 They attach great importance to small details which happen to match the text (e.g., the stones were white, they weighed a talent), but then ignore the many details from the wider context which completely preclude their conclusion. In the A.D. 70 destruction of Jerusalem:
How puzzling that major inconsistencies like these don’t seem to impede the dedicated preterist who is committed to finding fulfillment in the “newspapers” of the past.
I no longer pay income tax. Not inclined to share personal info on websites, but in this case I’m motivated :) My entire income is $8k/year. No welfare, no debt, no foodstamps, no mortgage, no cable tv, no frills, and no misery. Living proof it can be done. I’m pretty happy most days, when my back doesn’t hurt.
And I get riled up when people bluster about apocalypse and the tightening of tyranny, and how tough they’ll get when the going gets tough. People don’t really want to risk their safety NET, never mind their safety. They don’t want to live within their means, cut back, for the sake of the country.
But if the productive people reared up and refused to enable the govt — even by the legal means of sacrificing their incomes — the govt would collapse almost overnight.
And America would be better off.
m motivated :) My entire income is $8k/year. No welfare, no debt, no foodstamps, no mortgage, no cable tv, no frills, and no misery. Living proof it can be done. I
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