Then again...his basic premise that it is unsustainable may be good but his timing may be bad. As I remember that big surge in the stock market was credited a lot to QE and the US taking on a massive amount of new debt.
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A little history for you as to the start of why/how we got where we are:
On June 5, 1933, the United States Congress and President Franklin Delano Roosevelt unConstitutionally abrogated the use of gold for the payment of public and private debts while simultaneously bailing out the Federal Reserve and forever enslaving the American people to its inflationary economic policy.
The Federal Reserve Act of 1913 set up the Federal Reserve System to supervise the economy that had become highly elastic, and thereby easily manipulated, in the years following the United States’ industrial revolution. Next came “The Roaring 20s” a period marked by easy credit and economic expansion fueled by the Fed’s ability to print money at will. By 1933 the Keynesian-fueled boom had already caused the stock market crash of 1929 and Americans’ faith in their economy was lost.
Roosevelt’s answer to the economic problem brought on by the Keynesian carelessness of the era’s economic policymakers was to put ultimate control into the hands of those who had created the problem in the first place: The Federal Reserve. Fearing a gold-run and knowing that neither the U.S. Treasury nor the Federal Reserve had the gold to back the notes that had been issued, Roosevelt signed the Gold Standard Act on June 5, 1933. For the first time the Fed was in control of how much fiat money it was able to produce without short-term consequence. This also gave Roosevelt the ability to kick off his New Deal programs which would require billions in deficit spending by the Federal government.Comment
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So I won't be the only one broke, then?Comment
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the end has been near since Jesus accended into heaven. keep your powder dry, your broadheads sharp and carry on till it gets here.Comment
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Pretty sure this guy updates his rolling six month "end game" prediction...every six months.Comment
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It's so easy to prey on people's irrational fear and pessimism.Comment
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Just be ready. Locked loaded and ready to rock the world!
I really think with all the gloom n doom that's been sold by people from media, this guy, and whoever, even Alex Jones is to make money off of fear. Banksters, WS, WH, Reserve are planning this all along to bankrupt the world and let chaos rule then when dust settle, they won't be doing all the dirty work and keep their hands clean then start over and rule the world with whatever people are left alive. That's my theory. I may b wrong but it don't matter because I will b ready for whatever the situation throws at me.
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The back button is your friend AK.. Jeesh...Originally posted by Austin Kade View PostThis^^^^. Why even start this thread
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The current system SHOULD fail, if we had a truly free market.
But the power brokers will not let it fail, and will keep the shell game going for as long as you and I are around.
So, yes, the doomsday economic folks are 100% right in their analysis, but their predictions will not come true because the game is rigged and won't be allowed to fail.Comment
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But the hell fire and bremstone Austin!!! And the heat, my god the heat!!!Originally posted by Austin Kade View PostOne of these is posted everyday....gets old.
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