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If
there’s one word I’d use to describe my outlook, it’s pragmatism, i.e., “assessing truth
based on the potential for practical application.” I am pragmatic in
both my professional and personal lives, and anyone reading
this blog likely is, too. Our collective goal is to make correct
– as opposed to desirable – decisions, filtering out the
cacophony of misleading “noise” – purposeful or otherwise
– distracting us from this end. And as Sean Connery eloquently stated
in Indiana Jones and the Last Crusade, “In this race,
there’s no prize for second place.”
On the
topic of one of my favorite movies ever, when it comes to “life
or death” financial decisions – as we face today – the last
thing we want to do is take a “Leap of Faith,” particularly when
related to the siren song of “economic recovery” promulgated from
our enslavers, the “Powers that Be” residing in Washington, Wall
Street, and London.
http://youtu.be/a_-BOvWVycM
This RANT
was inspired by the below article by Charles Hugh Smith, reminding us that
“WISHES AND DREAMS” do not bring about recovery, any more than debt,
deficits, taxes, and wars. Even the “American
Dream” was just a mirage, as tens of millions are finding out
today. This myth was based on the “free ride” given the
U.S. for a brief snapshot of history, when the rest of the world insanely
gave America the right to PRINT the “world’s reserve
currency” in 1944, reinforcing such stupidity by refusing to protest
Nixon’s abandonment of the gold standard in 1971.
Guest
Post: Does Believing In The “Recovery” Make It Real?
Jim
Sinclair refers to the COMPREHENSIVE GOVERNMENT STRATEGY of “wishing
and dreaming up a recovery” MOPE, or Management of Perspective
Economics, while I simply call it the “evil troika” of MONEY
PRINTING, MARKET MANIPULATION, and PROPAGANDA. No matter how you slice it,
however, the conclusion is the same. That is, “recovery” is
IMPOSSIBLE in the current environment, as the only way a PONZI SCHEME
can conclude is via COLLAPSE. It can only be sustained by growing
larger – i.e., adding more debt – eventually collapsing of
its own weight, or via a sudden “kill event” if confidence in
its flawed foundation is suddenly lost.
Every
PONZI SCHEME throughout history has failed, and fiat money is the most
notorious, destructive type, subjecting entire populations to catastrophic
loss, for the benefit of a handful of charlatans – read: bankers
and politicians – at the top of the “pyramid.” And the
current GLOBAL FIAT CURRENCY SYSTEM – the first of its type ever
– will end just the same, likely much sooner than even the most
skeptical analysts believe.
The
“point of no return” regarding the impossibility of debt
repayment was passed long ago, and I believe the END GAME will be initiated
– excluding the incidence of a “black swan” event –
by the GLOBAL realization that sovereign debts have graduated from exponential
to hyperbolic growth. That scenario appears imminent in
numerous “first world” countries, including – sadly –
the United States, the UK, Japan, and most of Europe.
It’s
nice to “WISH AND DREAM” for what we desire, but the
“school of hard knocks” tells us life functions otherwise. There
are plenty of things we want but will never get, which is just fine, as right
now SURVIVAL – financial and otherwise – should be our top
priority.
PROTECT YOURSELF,
and do it NOW!
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