It continues to baffle me to no end that people just can’t see reality for what it is. A prime example of this is the recent election in France. The French people didn’t like what they were hearing from their government so they replaced them with someone who says they’re going to hire more government employees and increase handouts.
Boy that worked well in Greece, didn’t it.
On what planet does it make sense to keep the pedal to the metal when we’re headed off a cliff. Just because you can’t see the cliff doesn’t mean it’s not there, especially when all the road signs are telling you it’s just ahead.
Frankly, this worries me to no end. It’s not an issue that is just for the French, or the Greeks, or the Germans to worry about. This stuff hits world wide, and will impact everyone.
Do you really think it’ll be a soft landing if the Euro implodes, and all that debt (and the corresponding insurance on that debt) hits the fan?
Or what about the fact that the Fed is now buying 70% of all T-Bills. Think about that for a minute. $0.70 out of every $1 that the government raises through issuing debt is created out of thin air. Do the math, and then tell me this is sustainable.
But what about the $0.30 that comes from someone other than the government? Lots of OTHER governments are part of that 30%. Think they’re just printing the paper to pay for this or do you think it is legitimate? My bet is on the printing presses burning up.
Folks, this whole system is tied together. Not only are all the governments integrally linked, but major multinational corporations are part of this as well. They all work together, and own eachothers debts. This is a massive house of cards, and the earth has started to shake a bit.
Bottom line … when Europe goes, we probably won’t be all that far behind. So keep an eye on it as an early indicator and warning signal.
I don’t know what it’ll look like. It may be just a blip. It may be Mad Max style roving hordes. I don’t know, and anyone who says they know is lying.
So back to fundamentals. Secure your systems of support. Build redundancies. Produce some of your own food. Learn skills.
Get on it. You’ll never get today back. Don’t waste it.