Posted on 10/21/2014 9:40:27 AM PDT by blam
Mac Slavo
October 20th, 2014
To say that the U.S. economy is in trouble would be an understatement. According to Shadow Stats economist John Williams, we may be on the very cusp of a crisis so severe that it promises to re-write the entire paradigm. Debt is out of control and foreign holders of U.S. Treasury bonds are getting antsy. Nowhere is this more obvious than in China and Russia, where leaders of the globe’s other super powers are feverishly working to distance themselves from the U.S. dollar by establishing new monetary relationships that completely bypass the world’s reserve currency.
A loss of confidence in America’s ability to manage its fiscal, economic and monetary policy coupled with a continued slowdown in growth could soon reveal what Williams calls “the end game.”
It’s coming sooner rather than later suggests Williams in a recent interview with Greg Hunter’s USA Watchdog:
“I can’t give you good reason for why the stock market is as high as it is. The fact you are seeing this volatility means there are a lot of people who are very nervous about what is going on and where things are in the market. It is probably one of the great bubbles of all time. It most likely will collapse along the lines of the U.S. dollar in response to the reality of no economic recovery. . . . I can’t think of a more vulnerable market than what we are seeing here.”
…
You are getting a confluence of extraordinary factors that are coming together that will cause the dollar to break. You’ll have a panic flight from the dollar along with dumping of U.S. Treasury bonds by foreign owners. We are coming in on the end game here.”
(snip)
(Excerpt) Read more at shtfplan.com ...
“I can’t give you good reason for why the stock market is as high as it is. The fact you are seeing this volatility means there are a lot of people who are very nervous about what is going on and where things are in the market. It is probably one of the great bubbles of all time. It most likely will collapse along the lines of the U.S. dollar in response to the reality of no economic recovery. . . . I can’t think of a more vulnerable market than what we are seeing here.”
This guy has his head up his rear. The market has absolutely no volatility. /vix has been pinned at 12 for the couple years
Beans, bacon, bullion, beef stew, bandages, bullets, bleach, buckets, backpacks, batteries, bug spray, bailing wire, barbed wire, blankets, body bags.....................
LOL...are you here all week? Should we try the veal?
LOL
Back later for that video.
“I’m not saying it’s your FAULT - I said, I was BLAMING you!” :)
... and bagpipes. Got to have the bagpipes
:-)
along with boots, beer, boobs, "bang-sticks", beef jerky, beer, binoculars, booze, babes, ...did I mention beer?
‘Bullion cubes that is! ;-)
Perhaps I picked a bad year to have our house painted.
Oh well, while I sit on the porch and wait for the end to come, at least i’ll look good.
If voting could Change the System, it would Be Illegal.
FREEDOM!!!!
Right, don’t dictators take over after a collapse? Obama is trying his best to collapse the system, flooding us with illegals that cost money.
I think that's the Rats' game plan, but I think it's a pipe dream.
I lived through the collapse of the USSR. What happened when the ruble collapsed and chaos was everywhere was that everything got real local real fast. Entire regions of the USSR broke away and most of them are independent countries to this day.
And as unpleasant as some of the governments of Russia and the other countries that emerged from the former USSR can be, none of them come close to the totalitarian Stalinist past of the USSR. The collapse of the USSR was one of the great liberating moments in human history.
As to our current situation, I don't think that if, for example, Ebola and the Enterovirus becomes epidemic from illegal immigrants that people will reach out to the feckless Feds for help. Why would they. The Feds caused the problems with their "invade the world, invite the world" insane foreign policy.
Rather, much more likely, Texans will demand that their Governor close the borders and stop all flights from African countries landing in Texas airports. And not only Texas.
Libs live in a fantasy land. They want the Feds to undertake actions aimed at collapsing the system in the hopes of totally centralizing all power in Washington - while those very same actions (or perhaps better, inactions) lead inexorably to the total loss of confidence in the federal government.
That's exactly what happened in the Soviet Union. Nobody could take the Central Committee seriously anymore. And so people looked to their regional governments (and to themselves) to weather the chaos.
Whatever can be said of what ensued, it certainly didn't result in augmented Soviet power. Same in the former Yugoslavia.
In short, a collapse will not entail centralization. It will entail the devolution of federal power to the States and localities and private organizations.
I think that's the Rats' game plan, but I think it's a pipe dream.
I lived through the collapse of the USSR. What happened when the ruble collapsed and chaos was everywhere was that everything got real local real fast. Entire regions of the USSR broke away and most of them are independent countries to this day.
And as unpleasant as some of the governments of Russia and the other countries that emerged from the former USSR can be, none of them come close to the totalitarian Stalinist past of the USSR. The collapse of the USSR was one of the great liberating moments in human history.
As to our current situation, I don't think that if, for example, Ebola and the Enterovirus becomes epidemic from illegal immigrants that people will reach out to the feckless Feds for help. Why would they. The Feds caused the problems with their "invade the world, invite the world" insane foreign policy.
Rather, much more likely, Texans will demand that their Governor close the borders and stop all flights from African countries landing in Texas airports. And not only Texas.
Libs live in a fantasy land. They want the Feds to undertake actions aimed at collapsing the system in the hopes of totally centralizing all power in Washington - while those very same actions (or perhaps better, inactions) lead inexorably to the total loss of confidence in the federal government.
That's exactly what happened in the Soviet Union. Nobody could take the Central Committee seriously anymore. And so people looked to their regional governments (and to themselves) to weather the chaos.
Whatever can be said of what ensued, it certainly didn't result in augmented Soviet power. Same in the former Yugoslavia.
In short, a collapse will not entail centralization. It will entail the devolution of federal power to the States and localities and private organizations.
Thumbs up to your post and pic! good one.
I hope you are right. Did you live in USSR at that time?
Yes. I was a grad student.
Yes. I was a grad student.
How interesting, have you written your story anywhere? If so, I would love to read it.
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