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As often happens, I often enjoy the comments as much or more than the posting.
Yes, of course, the problem facing the US economy today is NOT systemic corruption, the utter death of the rule of law, the vast and accelerating income and wealth disparity, the fraudulent and unsustainable nature of our central banking and fiat currency regimes, the all but complete destruction of REAL democratic rule and the substitution of an oligarchic, technocratic, total-surveillance police state in its stead --- no, we are merely bedeviled by a lack of confidence!Forgive us, Leos, for not having confidence in our political leaders cum prison guards, torturers and (debt) slavemasters.
The analogy of QE representing "rearranging the deck chairs on the Titanic" is not even close to its real impact.QE is more like taking on water purposely on the rising stern of the ship to help balance and offset the sinking bow.
Simple messages are the best...ask them if they are prepared for, well...a world of nothing!If they say you are alarmist, remind them that the "I told you so" coming their way is going to be a real bitch.
Quote from: Libertas on June 08, 2011, 06:56:21 PMSimple messages are the best...ask them if they are prepared for, well...a world of nothing!If they say you are alarmist, remind them that the "I told you so" coming their way is going to be a real bitch.In future past tense referred to as Dark Age II.
That's when you empty the 2nd story chamber pot.
One eye-witness said: "It wasn't a very big boat - I think an ice-cube could have sunk it!"
Speaking of which:Titanic II sinks on maiden voyageQuoteOne eye-witness said: "It wasn't a very big boat - I think an ice-cube could have sunk it!" /hat tip Ace of Spades