Great interview Dmitry. The US debt was never planned to be in any way payable, the plan was always to default on it, as it represented little more than a means to extend BAU for a few decades while the actual wealth underneath it continued to be siphoned up the food chain to the top, where it stays, and as a means to bankrupt the federal government, which has always been viewed with contempt by the global bankster set. The inevitable debt default will then squeeze collapse the economy accordian style, with all the underlying assets represented by that debt being claimed by the debt holders, who will then own pretty much everything worth owning and all of the remaining money supply too. Any new currency created thereafter will be kept in extremely short supply and have extremely onerous conditions attached to its issuance, leaving most of the common folk caught up in the debt collapse out in the cold to live by whatever means they can find. Once again, just as in all of your Russian collapse illustrations, the old and infirm will be left to fend for themselves with all the same predictable results, although as you rightly note, the perception of the collapse will be exponentially worse here, given our recent opulent living conditions.
The Quidnon cockpit post could easily have a current beard foto attached, with foul weather jacket cinched down tight around your face, sitting out in cockpit with Barbary coast piratical beard catching salt spray and insulating simultaneously, as you pondered cockpit mods on your trip to South Carolina. Perhaps subversively inspirational to the necktied CNBC type songbirds that at least one analyst has gone off the scripted rez and can look anyway they damn well want to..... and deliver a even, logical, rational interview to boot. MKeisers comment that your forecast 5 years or so ago was right on target was pretty darn cool.
4 comments:
Great interview Dmitry. The US debt was never planned to be in any way payable, the plan was always to default on it, as it represented little more than a means to extend BAU for a few decades while the actual wealth underneath it continued to be siphoned up the food chain to the top, where it stays, and as a means to bankrupt the federal government, which has always been viewed with contempt by the global bankster set. The inevitable debt default will then squeeze collapse the economy accordian style, with all the underlying assets represented by that debt being claimed by the debt holders, who will then own pretty much everything worth owning and all of the remaining money supply too. Any new currency created thereafter will be kept in extremely short supply and have extremely onerous conditions attached to its issuance, leaving most of the common folk caught up in the debt collapse out in the cold to live by whatever means they can find. Once again, just as in all of your Russian collapse illustrations, the old and infirm will be left to fend for themselves with all the same predictable results, although as you rightly note, the perception of the collapse will be exponentially worse here, given our recent opulent living conditions.
The Quidnon cockpit post could easily have a current beard foto attached, with foul weather jacket cinched down tight around your face, sitting out in cockpit with Barbary coast piratical beard catching salt spray and insulating simultaneously, as you pondered cockpit mods on your trip to South Carolina. Perhaps subversively inspirational to the necktied CNBC type songbirds that at least one analyst has gone off the scripted rez and can look anyway they damn well want to..... and deliver a even, logical, rational interview to boot. MKeisers comment that your forecast 5 years or so ago was right on target was pretty darn cool.
Dmitry, your beard looks cool!
Very interesting news... Washington must be livid. http://fortruss.blogspot.fr/2015/10/residents-of-donetsk-and-lugansk.html
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