Thursday, April 7, 2011

Extreme Leverage, Extreme Instability, Extreme Risk

Charles Hugh Smith gives this assessment of present-day global financial realities.

Remember - the aircraft does not have fuel to reach land.

You have been told in advance.

4 comments:

  1. Rising oil prices
    +
    Rising food production and regulation costs
    +
    Weakening currency and looming debt
    +
    Nation that consumes more than it produces
    +
    Arrogant political and social elite
    +
    Angry, desperate plebs
    =
    Disaster

    ReplyDelete
  2. @Disciple of Night: You present that equation and label the result "Disaster." Our friends on the Left view it and label the result "Triumph". As Lenin said - the worse things get, the better.

    The Glorious Socialist Utopia advances apace.

    ReplyDelete
  3. And Obongo keeps discouraging domestic energy production all he can, so that when we are destroyed by the lack of gas, oil, etc, the leftists can swoop in and "save" us. Of course, the PTB will have all they need, and when they finally get domestic production up and running, WE won't be able to get any, less'n we swallow communism. Oily dictatorship.

    ReplyDelete
  4. Behind every obstacle is an opportunity, Disciple of Night. You are correct in your equation. But let's try to see a decade or so in the future, and create a better situation.

    "But the fearful, and unbelieving, and the abominable, and murderers, and whoremongers, and sorcerers, and idolaters, and all liars, shall have their part in the lake which burneth with fire and brimstone: which is the second death."

    NOTE: "fearful" is first.

    Ken
    III

    ReplyDelete