Tags
America, banksters, debt, Economic collapse, economics, economy, Free markets, goverment, Ron Paul, the future, War, Washington
I recently wrote about the not so green American economy.
Turns out things are a little worse that I thought. This past financial quarter saw $11 Trillion in wealth wiped out of the stock market. That’s a lot of money, close to whole year’s GDP.
Economists are now saying the markets are at the panic levels last seen in 2008.
It looks like the housing bubble is back. And, it brought with it a stock bubble, a student loan bubble, a car loan bubble, and a potentially industry destroying banking bubble (really the same one from last time).
The central bankers and planners who along with their hired politicians caused these problems, are running out of ways to “fix” them. There is no conventional solution. There’s just too much debt freely floating around – all based on monopoly money. Factor in the derivatives bubble and it goes from surreal to purely hilarious.
I’ve been looking for a big incident, a market crash or war or something, to herald the next collapse. These things may well happen but it doesn’t matter. The decline in happening now – just in slow, unstoppable motion.
Google.
None of the big party charlatans seeking the Presidency have a solution. Most avoid the issue or, worse, propose making it more of a disaster. Since Ron Paul left, no one in Washington has any solution. Even if they did the corporate masters would never allow it while there remains one single penny to steal.
These troubles will ultimately resolve themselves. After the inevitable big national bankruptcy we will have the chance for a reset. This should include universal debt repudiation and a return to a real monetary and financial system based on the free market. If done right there will be no room or need for any government meddling.
This future fresh start is the silver lining to look forward too. Make the best of the wild ride until then.








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