Quote:
Originally Posted by Les Grossman
 Maybe they are cyborgs?
Well, this is the first depression since the great depression. All the other times "it" could have happened, it was just high tension, but the world was not in place yet. Now you are watching banks collapse, banks that were "too big to fail" along with giant corporations who were also too big to fail. None of which has happened since the great depression. With that being said, experts are expecting up to 1000 more banks to fail over the next 12 - 24 months. That is epic. Never before have we seen this.
The debt is higher than it has ever been and the current president has spent more money than ALL other presidents COMBINED. We are trillions of dollars in debt to China. That is epic.
The money printing machines are running 24 hours a day for the first time ever, devaluing the currency faster than they can print it. Also epic.
You will not see chaos until the banking system totally falls in on itself or the USD truly collapses and/or we have hyper inflation. All of which are not too far away if the government does not pull its head out of its ass. However, if this happens, you will see bank runs across the country, and there is where it will begin. There will be no money to give them, this will create panic and then chaos. They will also be met by military, national guard and PMCs. This will be the defining moment that will start it all. Never before have we had this. This is why NOW is different.
Having said that, we will see a false recovery before the system has a total meltdown. You can not sustain the spending and borrowing that we are doing now and expect things to end nicely. We have a few years left. In the meantime, the government will do EVERYTHING they can to shift to a new currency, train police, military and PMCs to better them for if the government is unable to pull off a miracle. Of course they can't walk on water, so the problem is inevitable.
People laugh at those who prepare for such things. I say laugh it up. If you guys knew anything about world history, you will see that countries do fall, and it's almost always due to their financial system. The USA is not too big to fail. If you think that, any of you, you really need to study GLOBAL economics and world history. |
We aren't in a depression.. it's simple to say numbers make it appear we have lost things near the level of the depression, but we are still generating money as a country, corporations, the people, etc.
It's fun to think banks failing is something new... well it is new to our current medias lips, but as
history shows it's far from new, it has happened every year for 30+ years, and almost every year for a 100 years.
Several Super Corporations have failed many times in my life time.. This is even more frequent than banks.
I know the national debt confuses people, it's a big number and hard to understand.. but this should help.
Note the run-up in debt starting in 1942. That's equivalent to $10 trillion today. That pulled the economy out of the great depression and into high gear to win World War II.
For the money to devalue it has to actually be in the economy, not just printed. Being that it has been a slow going process, and they are able to take money out of the economy as it cycles through.... which they have been doing. But no reason to get into details... the graph says it all.
I know it's hard to fathom, but we are already in extreme hyper inflation. Cars really don't cost $10,000's to make, TV's are worth $100's not $1000's.. we aren't set for hyper inflation, we are set for extreme rapid deflation to match us to the "majority" of the world.
Everything you think has fake value added to it because we all extremely over pay for a products that have been paid for 100x times by tons of different people, really hyper inflated everything. The fastest way to make people poor is to make everyones 'shit' worth millions and less, be worth, pennies.
Truly if anyone thinks our Country is headed towards failing to a rubble of nothing, truly... if they think this. And they stay here, they are far more crazy than the people that they claim ignore the truth.