It really is that bleak folks...
NVDL: Here's a chilling sentence: 'indicators' are showing collapse as an imminent event - like perhaps today imminent.
NVDL: Here's a chilling sentence: 'indicators' are showing collapse as an imminent event - like perhaps today imminent.
Just so you have a short list of what's at stake if Washington DC doesn't change policy here and now (which means before the collapse in equities comes, which could start as soon as today, if the indicators I watch have any validity at all. For what its worth, those indicators are painting a picture of the Apocalypse that I simply can't believe, and they're showing it as an imminent event - like perhaps today imminent.) All pension funds, private and public, are done. If you are receiving one, you won't be. If you think you will in the future, you won't be. PBGC will fail as well. Pension funds will be forced to start eating their "seed corn" within the next 12 months and once that begins there is no way to recover. The unemployed will have 5-10 million in direct layoffs added within the next 12 months. Civil unrest will break out before the end of the year. The Military and Guard will be called up to try to stop it. They won't be able to. |
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