Stacie here reads a release from a Spanish firm whose job it is to predict the bankruptcies coming of their investments in Latin America. She says the wave is coming by fall. Max adds that all this was predicted after 2008, that in a dozen years because no changes were made, it would just hit again, only worse. We’re here.
The reason it will be worse, it that all “elasticity” has been removed. The tricks they’ve used in the past to keep it all afloat. Lowering interest rates (they can’t go any lower), off-shoring jobs (they’re already overseas), importing cheap labor (we’ve got 30 million illegals), printing money (we’ve got $30T in debt). Its all been done. There’s no more wiggling. All the stupid policy decisions of the past 100 years is coming due. That snowball that’s been gaining speed downhill, its here.
The rise of China and their coming electronic currency will be the death knell.
[The example I had meant to use was the one David Horowitz told about in one of his many books. There was a magazine for radicals back in the 60’s called ‘Ramparts‘. He explained that it never had the commercial success to succeed on its own, so they had to find a funding source. They used their fellow travelers in Hollywood to wine and dine likely marks. Once they had bled the young heir or heiress of their fortune, they discarded them and moved on to another. The magazine ran from 1962 – 1975. Nearly the exact same timeframe as the Vietnam War coincidently. That was when they ran out of fools to bilk and the magazine folded. The other tidbit Horowitz points out, was that even though the war went on until April of ’75, the war protests stopped in December of ’72. Why would that be? Nixon stopped the draft in December of ’72. No draft no protests. The war went on another 2 1/2 years. Minus the protestors. Which, if you wanted to end the boondoggles we have today like 20 years in Afghanistan, all you would have to do is bring back the draft.]
Politics and Religion 