The only thing the DEBT laden societies (their politicians and central banks that love the paper money) have done for last several decades is to kick the can down the Road. One small thing everyone forgot – There is a dead-end somewhere down the road…And there is butcher sitting over there to receive those that are not prepared to meet him at the dead-end.
Those who have their ears on the ground are realizing what is going on…. Unfortunately Six-pack-Joe is sleeping (nothing unusual about it…that is why sheeple get slaughtered when they do). The only question is – how are you prepared to deal with what happens?
Gold and Silver are on Sale again. We should welcome the discounted prices.
Here is how the things are doing these days? Any takers for collapse yet?
Images: Man sets himself on fire outside a Piraeus bank
A man pours a flammable liquid on his body to set himself on fire outside a Piraeus bank branch in Thessaloniki in northern Greece. The 55-year old man had entered the bank and asked for a renegotiation of his overdue loan payments on his home and business, according to police, which he could not pay, but was refused by the bank
What Happens When Nation Goes Bankrupt
When an entire nation goes bust, the pain is felt much deeper: the most basic systems and institutions that people have come to depend on simply disappear. Argentina’s millennial debt crisis is a great example of this… suddenly the power failed, the police stopped working, the gas stations closed, the grocery stores ran out of food, the retirement checks stopped coming, and the banks went under (taking people’s life savings with them). European leaders (with Chinese help) can postpone the endgame for a short time, but they’re really just taking an umbrella into a hurricane. It would be foolish to not expect a Greek default, and it would be even more foolish to not expect significant consequences. The only question is– how are you prepared to deal with what happens?
We’re All Greece – And On Fire
It’s not really very complicated; try using your credit card to maintain a $173,000 lifestyle when you only make $100,000 and see for how long you’re able to do it. It’s inherently a pyramid scheme and inherently must, at some point, end. It must end because eventually you run out of ability to sustain it – you run out of suckers and the pyramid collapses. This always happens because it mathematically must happen. When debt grows faster than output on a compound basis the two curves inevitably run away from one another and must always result in a collapse. This is not a political issue, it is not a left or right issue, it is a function of simple mathematics. This is the truth whether you wish to hear it or not. Whether you wish to face it or not. And until we as a nation and the world as a whole stop playing pyramid games with debt there will be no actual and functional recovery.
Once upon a Time!
Gold is in the process of changing functions in the global economy. And in this transition, “the most visible transformation since it was first used as money,” it will plateau at a new, mind-blowing level before it resumes its proper function. This is happening. It must happen, because bullion bank paper promises cannot function like gold. So be careful what kind of gold you’re holding (physical is what you want), or you might just miss out on the revaluation of the millennium. Gaining a deeper understanding of what is happening, as you can here, here and here, should help those of you that worry about buying gold now because a few analysts, who have no idea what they’re talking about, keep saying this is the top. This is the “top range” prediction I made two years ago
Euro Collapse Could Lead to War
A collapse of Europe’s monetary union would likely lead to a breakup of the European Union as a whole, posing significant risks to the region and even raising the possibility of war in the long term, Poland’s Finance Minister told CNBC late on Thursday
‘World in danger zone’
Robert Zoellick, the World Bank president, warned “the world is in a danger zone” as the economic crisis in the United States, Europe and Japan threatened to ravage the rest of the global economy. “Europe, Japan, and the United States must act to address their big economic problems before they become bigger problems for the rest of the world.”