By Chris Martenson
Executive Summary
What can we expect next, and how will we recognize it?
A series of sharp, interrupted shocks is more likely than a major sudden collapse.
Five game-changing events, what I call The Five Horsemen, will indicate that the rules have changed and a new reality is about to take over:
The First Horseman: New credit growth falls below interest payments
The Second Horseman: The Fed monetizes debt
The Third Horseman: Government deficit spending exceeds 10% of GDP
The Fourth Horseman: The dollar goes down, while interest rates go up
The Fifth (and final) Horseman: US debt becomes denominated in foreign currencies
Severe structural damage has already been inflicted on our economy. As I wrote two weeks ago (May 16, 2009) in It Has Hit the Fan:
If you have been waiting for further confirmation about the direction of the economy, or waiting for a sign that it's now time to get serious about preparing for a future filled with less, this report is written for you.
You are living in the midst of the collapse of western economies, which are moving from a more complicated state to a less complicated one. This is it. Keep a journal, because it's happening right now.
Great Read Here
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ReplyDeletemay cause convulsions retardation sexual dysfunction goose pimples myasthenia gravis Gulliane barre syndrome or death. Consult your Doctor before using Death(tm)
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To the admin:
ReplyDeletethank you for this article... Martin Armstrong came out with his latest version that said similar things to chris m.
http://www.scribd.com/doc/19199220/Will-Gold-Reach-5000-809
also... is there a way to donate to your blog via Paypal... anonymously?
thanks.
Hello Anon 7;09, anyone who donates to this blog does so anonymously via paypal. Thanks for any donations, its much appreciated! Here is Martin Armstrongs llink again:
ReplyDeleteMartin Armstrong
Bla Bla Bla,,,,,,,,same old same old shiat
ReplyDeleteIt's better than being a slave to the juice. Would you rather see Mr. Coming depression's hands dripping with blood - supporting and paying for illegal juice taxes, juice wars and juice murder, juice lies and thievery?
ReplyDeleteThanks Mr. Coming Depression, for running an honest business. That's why I adore you so much.
Fo you WHITE PEOPLE in the audience,
ReplyDelete'Juice' is now a black society word
for 'the extortion', 'money through intimidation','shakedown rakets'
etc.
It figures the scumbags at JP Morgan Chase would be tied into the poisonous Pharms.
ReplyDeleteSave yourself from being at the mercy of the Pharms and watch World Without Cancer vid by G Edward Griffin then go to Apricot Power dot com.
ReplyDeleteI'm thinking maybe you're hitting the juice a little too hard yourself.
ReplyDeleteAs reported on http://econochristian.com
ReplyDeleteThe Swiss private bank Wegelin published 2 days ago (NZZ),that the public should get rid of ALL U.S-positions. If such a bank with such a good reputation is giving this alert, then it likely means that something really horrible is on the way.