Thursday, February 21, 2013

Do not suffer yourselves

Lunchtime reading is getting scarier.  Infrastructure crumbling. The Fed is starting to crack with concerns about money printing.  The NPV of US debt is something like $222 trillion.  Markets teetering.  Major US banks hold debt equal to US GDP – and hiding losses.  It’s time to be afraid…be very afraid.

And then comes this pleasant introduction to the state of the US economy:

How can anyone not see that the U.S. economy is collapsing all around us?  It just astounds me when people try to tell me that "everything is just fine" and that "things are getting better" in America.  Are there people out there that are really that blind?  If you want to see the economic collapse, just open up your eyes and look around you.  By almost every economic and financial measure, the U.S. economy has been steadily declining for many years.  But most Americans are so tied into "the matrix" that they can only understand the cheerful propaganda that is endlessly being spoon-fed to them by the mainstream media.  As I have said so many times, the economic collapse is not a single event.  The economic collapse has been happening, it is is happening right now, and it will continue to happen.  Yes, there will be times when our decline will be punctuated by moments of great crisis, but that will be the exception rather than the rule.  A lot of people that write about "the economic collapse" hype it up as if it will be some huge "event" that will happen very rapidly and then once it is all over we will rebuild.  Unfortunately, that is not how the real world works.  We are living in the greatest debt bubble in the history of the world, and once it completely bursts there will be no going back to how things were before.  Right now, we are living in a "credit card economy".  As long as we can keep borrowing more money, most people think that things are just fine.  But anyone that has lived on credit cards knows that eventually there comes a point when the game is over, and we are rapidly approaching that point as a nation.

I know that it’s not roses and gumdrops by c’mon, really?  Yeah. The post is worth the time to read it. The story of Entropic finance: Is it getting better in America?

Do not suffer yourselves to be wheedled out of your liberty by any pretences of politeness, delicacy or decency. These, as they are often used, are but three names for hypocrisy, chicanery, and cowardice.

John Adams

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You are not entitled to your opinion. You are entitled to your informed opinion. No one is entitled to be ignorant.

Harlan Ellison