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Nothing Can Stop It: “An Economic Collapse that is Going to be Worse than 1929″ *Video*
Nothing Can Stop It: “An Economic Collapse that is Going to be Worse than 1929″ *Video*
Before anybody in America ever cared about AIG, credit markets or bailouts, Karl Denninger had warned that the fuse was burning and had “gone inside the box.” This was in September of 2008, about a month before the bottom fell out of global markets and the giant kaboom was heard ’round the world. He had repeatedly sounded the alarm. A “credit event” was coming, and it couldn’t be stopped. No one listened.
The aftermath of the credit detonation that followed will go down in history as one of the most severe economic crises since the Great Depression.
Now, nearly 5 years on, we’re right back to where we started. In fact, we’re much worse off than ever before and in all likelihood we’re going to experience an event so severe it’ll make the Great Depression look like a picnic.
The time is fast approaching when the US government, the Federal Reserve and private banking conglomerates lose control of the entire system. When that occurs, confidence by the public, as well as our foreign creditors, will be lost.
And according to Karl Denninger, the math says it’s going to happen within three years time.
Employers are cutting full-time employees back to part-time to avoid the requirement of providing health insurance under Obama Care. Trader Karl Denninger says, “As the Obama Administration runs against the economic reality of what they passed, they are now trying to find ways to dodge it. . . .The Obama Administration’s reaction to this has been to unilaterally, and by the way illegally, put off the imposition of mandate.”
This is not going to save the teetering economy as Denninger contends, “Bernanke has lost control of the bond market and, in general, his policy. . . . The reality is the Fed is not in charge, and when that confidence level breaks, you are going to see all hell break loose.”
Denninger goes on to predict, “We are setting up for a collapse that is going to be worse than 1929, and it’s going to come sometime within the next two years. It could come as soon as the next couple of months, but it is going to happen, and there’s nothing that is going to stop it.”
Karl Denninger with Greg Hunter’s USA Watchdog
Join Greg Hunter as he goes One-on-One with Karl Denninger of Market-Ticker.org:
The Financial Collapse Is Going To Hit Like A Tidal Wave
Denninger and many others who had warned us what was coming were right on target with their forecasts. They’re warning us again.
We can bury our heads in the sand.
We can hope for change.
We can pretend that the people in Washington and Wall Street have our best interests at heart.
None of it will help. The math is clear. The system is broken.
The pain is coming.
Other useful resources:
Survival MD (Best Post Collapse First Aid Survival Guide Ever)
Backyard Innovator (A Self Sustaining Source Of Fresh Meat,Vegetables And Clean Drinking Water)
Blackout USA (EMP survival and preparedness)
Conquering the coming collapse (Financial advice and preparedness )
Liberty Generator (Build and make your own energy source)
Backyard Liberty (Easy and cheap DIY Aquaponic system to grow your organic and living food bank)
Bullet Proof Home (A Prepper’s Guide in Safeguarding a Home )
Family Self Defense (Best Self Defense Strategies For You And Your Family)
Sold Out After Crisis (Best 37 Items To Hoard For A Long Term Crisis)
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In truth, they architected a total package scenario in 2008, started implementation in 2009, and with all confidence, fully believed that it was going to cataclysmically implode on or by December 2012. They had the perfect plan. They had the perfect agenda. They had the timeline of the ultimate ‘project’. Only one problem. Something happened that didn’t let their ‘collapse event’ occur. Instead of destruction and profit-taking up until the ‘End of Days’, so they could maximize their shares, the day came-and-went without issue.
If you think that the world seems to now be scratching its head, trying to figure out what to do next; well, it is. Their generations-of-planning blew up, and now they do not have good intel to explain to them what happened.
They now MUST go back into a ‘hover pattern’ for an indefinite period of time, until they can figure out ‘what’s next’. The problem is, they designed the system to ‘blow up’ synchronously with the end of 2012. That date is long gone, but the mega-debt, the insolvable insolvency, that’s all still there – and it is GROWING BIGGER.
They have lost control. They can’t fix it, and the instant it collapses without a ‘general syllabus’ for what should happen – they fear that they may actually destroy themselves. They are very correct.
Sound cryptic? Good. Hopefully, one brainchild of theirs is reading this. I hope so. I know what went wrong. I know they can’t fix it. I know they can’t resolve it. I know (and may the only one who does know) what happens when it ‘detonates’ off-cue of their original plans.
The story was correct, that they followed. They just missed a small ‘disclaimer’ in the text, and they assumed the wrong person to be their boss.
They’ll get their answer soon. Really soon, and then it will all make perfect sense. Promise.
O rly?
So true! and I’ll say it. Satan owns the world…and these elitists are satanists whom are being thwarted by Jesus. In the end they won’t be running things..The world will be a much happier for it! (no I’m not a Bible Thumper) it’s just obvious they’re losing control and now they want to implement Agenda 21! I t won’t work either. With fukushima they are making a big mess on their way out.