Monday, 30 November 2009

Just PERFECT and far from over............from Rico

Perfect. Just PERFECT. We are being "led" by a Marxist who has selected the least competent people to help him just when what we need are competent folks with real experience making things work. The first chart tells the whole story. If you didn't like the way things were and wanted "transformational change" you could not have done better than this!

Generational memory. People essentially 'forget' the lessons of the past, and human nature being what it is, events based on bad judgment and reckless behavior seem to occur at regular intervals.
- Financial crises are multi-year events, with roots that precede the actual crisis by years, and with aftershocks that cause bubbles and panics. So it is now.

The arrogant ignorance of those currently in charge is of little comfort to those now unemployed, and of less utility to the mainstream with their general lack of knowledge of what happened to their grandfathers and great grandfathers.

This is far from over.

For example:
1. We KNOW the FDIC is $8.2 bn in the hole right now.
2. It is NOT generally known that the FDIC has secretly borrowed an additional $80 bn from Treasury.
3. We are being lied to when the FDIC says that 'only' 552 banks are in danger. The 'real' number is more like 2,035 banks...or MORE.

As many as 2,500 banks could have to close in 2010. The FDIC "cost" to bail them out would be about $800 mn to $1 trn. This translates into a complete collapse (failure) of the FDIC in 2010.

Stand by for hyperinflation. Money WILL be printed until the system has entirely collapsed.

The 'best' investment today may not be gold...but lead. Specifically lead in the form of ammunition.

Karen carpenter once sang a song called "We've Only Just Begun." She's now dead.
- If you believe Team Obama, Geithner, Bernanke, et'll wish you were so lucky.

1 comment:

tom said...

Civilian Marksmanship Program is getting ready to launch another load of surplus thirty ought six in January. If you snooze you lose.

"A man can never have too much red wine, too many books, or too much ammunition" —Rudyard Kipling