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overtheedge
Membre depuis mai 2012
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Nothing Can Stop It: “An Economic Collapse that is Going to be Worse than 1929? *Video*

- Mac Slavo - ShtfPlan

It is always a bit of an ego boost when someone else confirms that the government is in the protection business. You will buy this insurance that is offered or else. The so-called public/private partnership is just subcontracting the protection racket.

Great point about the debt growing by 6% a year, but GDP by less than 2%. As KD pointed out, that 4% is going somewhere or things are falling apart far more than is easily observable. Bridges fail because the deterioration isn't readily observable. Statistics are just opinion. Math is math. 6 + x = 2 || x = -4 Now folks, this is cumulative; year after year for what? 5 years now. If that missing 4% was going somewhere, it would be reflected in tax revenues, lowered debt, GDP, something. So obviously it is a 4% contraction per year. Remember that cumulative thingy? That also means a 4%+ reduction in the tax revenue stream. The plus is due to tax bracketing: falling income means a lower tax bracket.

If this downhill slide lasts until 1 January, will Congress charge Obama for treason by not enforcing the ACPPA. Inquiring minds want to know. I'm betting "No". Congress will not change horses in mid-stream.

Thanks Greg and Karl.

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Début de l'article :Before anybody in America ever cared about AIG, credit markets or bailouts, Karl Denninger had warned that the fuse was burning and had “gone inside the box.” This was in September of 2008, about a month before the bottom fell out of global markets and the giant kaboom was heard ’round the world. He had repeatedly sounded the alarm. A “credit event” was coming, and it couldn’t be stopped. No one listened. The aftermath of the credit detonation that followed will go down in history as one of the... Lire la suite

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