Hello ACF Mike, <<What's your current thinking on the timing of the onset of your predicted imminent US economic bust?>>
I believe:
(a) The bust is inevitable because the bubble happened, and the subsequent government interventions have engendered additional bubbles, poisoning the pool of funding, and causing deluge here and then mudslide there;
(b) The bust will not be limited to the US but will be global, because what has been poisoned is the monetary system itself;
(c) The officialdom can hold the bust at bay for quite some time, creating a mess here followed by a disaster there;
(d) The longer the officialdom manage to forestall cleansing (bust), the worse the eventual bust will be;
(e) I do not have any idea as to the timing of The Bust, because it should have happened already, can occur at anytime, and will definitely take place, in the fullness of time;
(f) We can instead have many smaller busts that in totality get us to where we would have ended up (in losses) had The Bust been allowed to take place without interference; and
(g) So we must be constantly vigilant and always be prepared.
Chugs, Jay
P.S. If I was forced to take a guess, I would guess October 2004, when folks all around the world come to the realization that the progression of collapse has not very much to do with elections nor electoral wishes, and that there are neither painless and easy 'solutions' nor difficult solutions.
Chugs, Jay |
