It’s not difficult to see this coming, if you bother to look.
There is no rule of law any more if you’re a government employee — or one of those protected by same.
Let’s put together just a partial list:…
I have had many people tell me they agree with my thought process on events, but don’t understand “why” or “how” the financial system has held together. Why of course is the easy part, no one wants to see the system come apart at the seams, especially the ones running the casino and benefitting the most from it? I think the better question is “when.” I am constantly asked when I think we will see a systemic cascade and my standard answer is “it should have been two (or more) years ago as the question has not been “if” but when for at least that long. Actually, it was pretty clear in 2012 that QE was not working and not the answer, we should have collapsed then. Were they to have allowed this thing to go over the cliff in 2009, we would be in a real recovery already but no, bailing wire and chewing gum has been used to keep the charade going.
As for how the can has been kicked this far down the road, it is obvious there are two (actually 3) feet that have and are kicking the can furiously. These are all obvious but I will repeat them here. 1. The ability to freely and in unlimited quantities print money (and thus borrow). 2. The availability of derivatives contracts to “make” the price of anything … any price desired and 3. “leverage.” These 3 techniques combined have hidden the reality of bankruptcy …by making us even more bankrupt!
As for “when,” I will point to several events which all point toward the decline of American status into chaos…
Neither article deals with war?