Saturday, April 16, 2016

So Where's the Economic Crash?


It's unfolding before our eyes.  Despite the Dead Cat Bounce (a horrible term) after the disastrous dip in January, the Crash is proceeding...and worsening...and it's worldwide.  Below is a portion of a Reply I sent to my son, his family, and others regarding a piece he sent me from Greg Hunter's "USA Watchdog.com".  That clip had Ron Kirby of Kirby Analytics in his very latest guest appearance on "USA Watchdog".
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The dollar reset could be right around the corner.  Especially telling was that series of meetings the Fed had, and the meetings with the Pres & VP with the Fed.  Add to that the admission of silver & gold price fixing by the Mega Banks, & the new China Gold Exchange, & the IMF SDR situation (especially involving China), & how the highest levels of our Fed Gov't are trying their damnedest to provoke a war, & how Obama has been working for almost 8 yrs having us construct tactical nuclear weapons (as opposed to strategic), & the fact that the Financial Stability Board of the G-20 approved Bail-Ins for 29 Mega Banks (worldwide), & the fact that the TPP will further deregulate the Financial Sector (both high-level Dems & Repubs support that Agreement), & the fact the War on Cash is accelerating, & the fact that the vast majority of the public appears to believe just about anything the Corporate Media tells them... with all that & more, we're ripe for a disaster.

Nevertheless, I still believe the Oligarchy somehow will pull off preventing it from happening until after the election.  As Kirby puts it, they've been holding together this criminal, fraudulent financial system with "...paper clips & bungee cords" [:)] for a long time.  Maybe they can do it a bit longer.

I see the Oligarchy in America as having 3 main options:
1.  Get us into a major, major war.  As Kirby accurately points out, historically that's what the Ruling Class does when the Financial System is in really deep trouble.  The Bush-Obama Perpetual War has not been enough...it's not big enough.  This, of course, is not a wise option, but that doesn't mean they won't do it.
2.  QE-4...print even more currency.  The Fed buying back the bonds being dumped by China & other Asian countries hasn't been enough.  The Fed might even send checks to individual households...to the People, not just make it available to Mega Banks.  [If that happens, buy every necessary household commodity you can get your hands on...because if that happens, the culmination of the Crash is imminent.]
3.  After the election, bite the bullet & gradually raise interest rates to where they should be.  This will burst the Asset Bubbles & put us into a deep Recession and/or Depression.
I'm sure there are more options, but I see the above as the main ones.

Unfortunately, nothing above will stop the worldwide economic mess from worsening.  We're in a global Economic Crash.  There's been nothing like this since the Great Depression, and prior to that, the Fall of the Roman Empire (which was largely economic).  What's sad is that so many Americans seem to be so tied up in the tribalism of the election cycle that they either don't see the Crash unfolding, or they don't think it's very serious.

I hope Kirby is wrong regarding his time frame, but what he said certainly is possible.

Love,  Dad    p.s.  Don't take on any major debt.  When all this stuff culminates, your income & purchasing power will go down...but debt payments won't.  That's how people in the 1930's were wiped out financially.
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Not only my opinion.  Be Well