Expert Explains In Horrifying Detail How The Next Shock Will Shatter The Global Economy
The only thing to take comfort in is the word “expert”.
h/t Kevin
Expert Explains In Horrifying Detail How The Next Shock Will Shatter The Global Economy
The only thing to take comfort in is the word “expert”.
h/t Kevin
Exactly why the KISS principle show be applied to everything.
Should be applied ……..
The useful globalist idiots (Conservative & Liberal) are happy as long as we all fail ‘together”. The Global elites themselves will always be safeguarded and secure.
It is hilarious listening to the squawking about how we “need” globalization in order to succeed; especially from North American pee-on’s who have bought into the whole globalist crap. Africa, Asian, and South American crapholes may need globalization, we do not.
For sure we could and should trade with other countries, but depending on them and selling away our properties and other real assets is (was) suicidally stupid.
The more prepared we are to ride out interruptions in food, energy and medical essentials, the better our chances are of being part of re-establishing order after any big shock. Do what we can, within our sphere of influence.
If those affected by that severe ice storm a few years ago had known what was coming, what should they have done? I think that is the threshold level of preparation and I would bet most of us currently fall short.
The “expert” is as qualified to comment on financials markets as a certain fruit fly breeder is qualified to comment on global climatology.
Memo to selves: must put currency savings/investments into tangible tradable commodities – land, gold, food, fuel.
Economic crash s are the norm. All through history about every 40 years or so. Some times 20 years. That we have not had one for so long is the real miracle. Ditto for a World war. Only since the Pax Romana have we had this long a breather from the carnage of full war. People now think this is normal to the point they make up doomsday scenarios.
It doesn’t help that you have the Obama’s of the World eating away at out institutions for a fantasy World.
I found the photo of the empty Blockbuster store hilarious; as technology supplanted the entertainment ‘need’ for that store. ie Netflix, etc.
That reminds me of the book by Harry Dent claiming a Dow of 40,000 during the go-go days of the late 90’s and he is now hawking a text explaining the Great Depression Ahead.
There is a certain amount of hucksterism in the broad assertions of the gospel of gloom and doom.
Even if one accepted the premise that the global banking system is all farked up; as it is no longer serving human needs, but rather the needs of the elite owners; that doesn’t indicate a depression among the banksters.
As it is the banking system in the US has grown from 17% of GDP to 52% of GDP over a period of 4 decades. Maybe a collapse in their growth would be a healthy thing…oh wherefore art thou my beloved Glass-Steagall Act which contained the rampant speculations of rapacious banksters?
If you want to go all out revolutionary, and get the banksters knickers in a real twist, suggest a partial de-privatisation of the Federal Reserve system.
I think Harry Dent is now hawking the “The Great Depression Ahead” and its 1933 all over again…
Launder your money, rinse, cycle, and repeat with vigour…!
Cheers
Hans Rupprecht, Commander in Chief
1st Saint Nicolaas Army
Army Group “True North”
This is old school fire and brimstone from an early 18th Century perspective and I don’t buy it. Slides 10 to 17 speak volumes.
If Business Insider has summarised David Korowicz’s work correctly he is, in fact, presenting a rehash of the stages of revolutionary socialism (think Marx).
Problem is, Marx was wrong about almost everything.
Of greater concern is that Business Insider doesn’t know about it. It’s a sad day when today’s so called business experts know nothing about free markets and human action.
SDA readers can relax. Yes the money system will change, yes, the old banking system is creaking and can’t be propped up but this is natural and should be happening. The market is speaking. The banks are no longer providing value and need to change. Governments can’t spend money they don’t have yadda yadda yadda. You know the rest.
Pure Malthusian BS. Flash crash can also allow flash recovery. Video rentals still thrive in rural areas, and as far as I’m concerned, I don’t care if the cities starve. Cities are full of ‘bots who live in condo’s, commute in subways and work in cubicles, and think that they are somehow qualified or entitled to opinions on subjects that they are completely ignorant of. Technological exponentiation will change things faster than these Malthusian prophets of doom can imagine, 3-D printers being a beautiful example.