We will look back and laugh

Seriously. I would think that at some point we will all be sitting around a fire, a bar, or a TV and having a bit of a chuckle over this a few years from now.

Lying about everything.

But the telling quote is at the very end:

So… let’s see here: huge disparity between what is represented and what the reality is… a crucial political election… and a regime that many have accused of misreporting critical data for years (even if others captured media outlets accuse the former of being conspiracy theorists)…

Why… could this possibly mean that every piece of data out of the US is just as made up and just as meaningless? Now that would be truly unpossible.

Everything you know is a lie.

Debt to GDP

I wonder if this will turn out well?

Triple digit debt to GDP. Say ot one more time so it sinks in.

Comments at the link above are priceless as usual:

“Deficit when Obama took office 10.6 trillion
He’s on path for a 50%+ Increase in one term!”

Good times.

So, how does this impact your preps and the new & improved polygonal battlespace?

Think about it, and once more…with feeling:

Triple digit debt to GDP.

The Worst is Yet to Come

I agree with most of this.

Uncomfortably viewing the banking sector as a curse (and not a cure) for our problems, he sees the Japanese Zombie bank experience playing out which guarantees sustainable growth is not around the corner and suggests we would be far better off medium-term if bank defaults occurred and the painful medicine is taken.

I have no financial sector debt or equity exposure either.

Collapse: War as the other hand moves

Go read this bit by Kerodin.

Here is the Silicon Greybeard post referenced in the bottom.

China is a myth. At it’s core, this statement rings true:

I have held for a long time that the rise of China is a Zero Sum game, slightly modified: Every dollar they earn is a direct result of American policies.  The day America chooses to gut the Chinese, it is a simple matter of closing the ports to her imports.

A little pain here…and an E.L.E. in China (Extinction Level Event).

Better believe it Suzi. You can wax poetically all you want about the new Chinese century, and how wealth is shifting east, and I will still echo the concept above. America holds all the cards here, sovereign debt or not.

With regard to war in Europe though. It has been made abundantly clear that the people on the EU have no intention of shrugging off their banking masters’ chains. Berlusconi & Greek Papa-whatever’s resignations are clear signs that the ruling class is still very much calling the shots and running the show.

With Regard to the Main Event

I saw a 2012 Lamborghini Aventador yesterday on my drive home. Had the hand written temp tag. Truly a rolling work of 700BHP art.

However, it appears as if the main event over in the Eurozone is about to get started.

Vox’s commentary:

This is a very big deal. One year ago, the Italian 2-year was at 2.010 and the 10-year was at 3.924 The Italian 2-year is now rapidly approaching where the Portuguese 10-year was one year ago. What this indicates is that the end of the Euro and the end of the EU in its present form will likely take place within one year. Greece and Ireland were sideshows. Italy is the main event.

I would agree with the above statement. This is why my travel plans within CONUS (& especially outside CONUS) have been put on indefinite hold.

A second time around

Or third, or fourth. The hits keep on coming, and though we know the hammer of God is about to smack us in the face, we do nothing about it.

This is the same (see same) crap that happened in 2008 prior to the crash. There is literally no difference – same shit, different company name.

Systemic corruption and treasonous complicity by Congress, The FED, and the Executive branch.

Denninger sends…

 

Collapse: Tipping Point

Not a series BTW. Sort of a theme.

Chris Martenson via Zerohedge:

What we have here is an ideal set of conditions for a tipping point to arise in our financial system. When such a tipping point occurs, you should expect wild volatility in the markets and be prepared for things to be moving far too quickly to react to with any sort of precision or grace.

That’s why it’s best to be pre-positioned in your financial, physical, and emotional preparations, so that when the next bout of extreme volatility exerts itself, little to no immediate action is needed on your part during the tumult.

Ride out the chaos in safety and confidence. Be a support to those less prepared within your family and community. And take advantage of the luxury few will have to plan your next steps carefully, once the corrective forces clear much of the current uncertainty out of the markets. Doing so will set you up better than most to prosper in the aftermath.

Rest assured, where we are today is not where we will be tomorrow. Likely by a wide margin given recent history.