worse than 1987?
try worse than 1929 ... far worse.
Debt-fueled and historically enormous asset bubbles will burst, fuel-air explosive like, in concert, or otherwise in sequence - from the center outward, and from the periphery inward - thermonuclear like in action;
all to be made worse by trade war, currency battles, electoral irresponsibility (read, stupidity) and political leadership lame brains;
and, it will be global, synchronized, and deeply cleansing.
The changes coming our way must be substantial, as the changes must usher in teotwawki dawn and end all pretensions to empire.
But, first, the dark interregnum.
Key words:
Panic, Crisis, Detonation, Evaporation, Confiscation, Redistribution, Evaporation (again), and Revolution.
Key deliverables: destruction of the middle class, and rise of extreme politics.
Should we have the Argentina Outcome, we should consider ourselves very fortunate.
In the mean time, Zimbabwe beckons.
I hope the electorates choose wisely, between devastating deflation and wild stagflation.
Between the two outcomes, on average, we will be OK ;0/ |
