Maurice, <<1000s of posts behind>>
Let me give you a briefing on the latest probabilities.
Private Lynch is officially still saved;0)
I think it may be prudent to reconsider, and reconsider again, what we are being told regarding inflation, deflation, dollar value, monetary/fiscal policies, budget deficit, social security soundness, workability of missile defense, etc, so on and so forth, ...
I believe the financial mania fueled by excess liquidity and unwarranted complacency is still well;
I believe planet-wide inflation is way up and will show through, not in Chinese manufactured goods prices, or India provided services, but in just about everything else;
I believe global deflation is only of over-valued assets, and nothing more;
I believe the pervasive fiscal deficit is already beyond the point of no return and out of control;
I believe the USD will crash another 50%, followed by the Yen, rotating to the Euro, and washed back to the USD again;
I believe the thus weakened currencies will do nothing to revive developed nations’ manufacturing;
I believe the large social security and pension schemes are already technically insolvent if rated as insurance company operations;
I believe global peacekeeping operations will only result in endless-until-exhaustion planet-wide conflicts;
I believe missile defense is an expensive delusion, and I believe missile defense circumvention is kids play;
I believe the officialdom take of private earnings, in the form of direct taxes and indirect costs, monetary inflation, economic stagnation, job losses, and asset deflation, will continue to increase in burden;
I believe we are operating at the edge of the event horizon of the black singularity of finance-ability, close to the point of no (risk-free) return, gravity-sliding towards TeoTwawki;
I believe the Process of Collapse is just getting started, on the financial markets, in the real economies, on the geopolitical landscape;
I believe the realization of Collapse have not yet coalesced within the psyche of the democratic, mania happy, but ignorant street mob, as they are merely sugar-doped experimental mice happily ensconced within a burlap bag, always the last to know and the first to suffer.
Chugs, Jay |
