wait, I thought we were nuts for saying there was a cliff approaching?
Around 2007 I argued that this could get as bad or worse than the Great Depression. At the time, I thought I was being a bit of an alarmist, but it now has, according to some statistics, actually gotten WORSE than the Great Depression. It is why I now call the Great Depression “World Depression I” (WDI) and I now call this one WDII.
Around 2007 I said this would probably start recovering from bottom in 2011 or 2012. I thought there was a remote possibility that it could go “apocalyptic”. I now FIRMLY believe it will go apocalyptic. As the title says, this is one hell of a cliff. When all is said and done, it will be the biggest socioeconomic collapse in the history of mankind.
In 2007 I said this could, as with WDI, end with a world war. I now have little doubt that it will. And it will be much worse and much more global (e.g. fighting on US soil) than WWII.
But in that last one is a caveat: I believe that for it to be that bad we will be talking Ezekiel 39, Daniel and Revelation. This means the “Beast” will amaze the “non-elect” with his solution to a problem that appears to have no solution. It means we may soon see this person rise to power.
There is no human solution to our problem. We will fall all the way to the bottom before the phoenix can even begin to rise. It’s gonna leave a mark. Pray for your children and grandchildren.
—Kicking the can...—
And each time it goes a shorter distance. They are about out of kicks.
Prepper ping needed.
IMO, financial collapse is not only the most prominent threat to bring about TEOTWAWKI,
but it is imminent and unavoidable.
Spending is the problem, yet Wall Street gets spooked by any effort to really cut spending back even to the levels of 5 or 6 years ago. We have to cut spending, period. Then we have to cut it again and again. Our society is addicted to the heroin of government spending. It has to be cut. The irony is that Wall Street seems to think that money is taken out of the economy if the government stops spending. It isn’t. It is just spent by private persons. Even the debt — instead of buying bonds or T Bills, the investor invests in something else. Something productive. This is all so clear to me anymore. You either pay people to not be productive (ie, government spending) or you put money to work in the private sector to invent new products and services to better everyones’ lives. Government spending is a real drag on the improvement of our society.
—The fiscal cliff coming in 2012 is so big, it’s good, because it will have to get fixed.—
Baloney. Greece “has to be fixed”. How’s that going for them?
Any politician proposing the kind of austerity that would be required just to give us a fighting chance would be voted our so fast he’d never see it coming. If he’s running for office he might as well give up. The problem, as in most democracies, is the electorate. They will not support politicians that do the right thing. They vote their wallet.
Ultimately, the final option will be to monetize our way out of this. It is the only “solution” that is politically possible. Of course, with the amount of foreign debt floating around the world this time, that will lead to a very unpleasant war.
$
Here’s a “what-if” experiment.
What if W, instead of mounting a war in Afghanistan, had simply laid one or two mirved Tridents on Tora Bora?
Mostly no survivors, any rest could sit in their cave and die. Poppy fields unusable for a long time, killing off a significant part of the drug trade. And CHEAP.
The Democrats would’ve been in a coffin forever.
oh and Paul is staying in the race "until the votes are counted" and "might not support Romney".
bump
Stopped right there. I smell BS.