Nothing can stop this
Posted by **Hippie J** on Jul 18, 2013 at 5:28:02 PM:
Nothing Can Stop It: gAn Economic Collapse that is Going to be Worse than 1929 *Video*
July 16th, 2013
Before anybody in America ever cared about AIG, credit markets or bailouts, Karl Denninger had warned that the fuse was burning and had ggone inside the box.h This was in September of 2008, about a month before the bottom fell out of global markets and the giant kaboom was heard fround the world. He had repeatedly sounded the alarm. A gcredit eventh was coming, and it couldnft 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, wefre right back to where we started. In fact, wefre much worse off than ever before and in all likelihood wefre going to experience an event so severe itfll 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 itfs going to happen within two 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, gAs the Obama Administration runs against the economic reality of what they passed, they are now trying to find ways to dodge it. . . .The Obama Administrationfs reaction to this has been to unilaterally, and by the way illegally, put off the imposition of mandate.h
This is not going to save the teetering economy as Denninger contends, gBernanke 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.h
Denninger goes on to predict, gWe are setting up for a collapse that is going to be worse than 1929, and itfs 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 therefs nothing that is going to stop it.h
Karl Denninger with Greg Hunterfs USA Watchdog
Join Greg Hunter as he goes One-on-One with Karl Denninger of Market-Ticker.org:
Denninger and many others who had warned us what was coming were right on target with their forecasts. Theyfre 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.
Youfd better be getting prepared for it, because the end game is 100% guaranteed.
- Re: Nothing can stop this - **Johnny D** - Jul 19, 2013 at 3:09:54 AM
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Last updated on Jul 19, 2013