“Our economic system and quite-possibly our government is finished if we allow this to occur.”
Ok, premise accepted. We’re screwed. So...what to do?
I get the point. I’ve gotten the point. I’m getting tired of people telling me the point. Let’s move on to doing something about it, eh?
Can’t speak for the author, but my impression is that what we can do is, endure, as best we can. The mathematics aren’t something we can do much about at this point. Prepare. Try to be wise, and frugal. Don’t go into debt, whatever you do end up doing. And pray. For the country, the world, your friends, both here and in the real world, and your family.
An addendum, courtesy of John Galt:
http://johngaltfla.com/wordpress/2011/09/12/crash-alert-could-be-my-friends-well-see/
Denninger is getting to be a bit over-the-top.
I think he believed he’d be a political leader or at least that world leaders would be calling him for consultation at this point in his blogger’s career.
He is taking himself way too seriously these days and finds fault in everyone but himself.
He is not the first and certainly will not be the last to make his economic predictions from the Austrian school of economics. Our prosperity and our entire financial system is based upon debt, which must collapse eventually. Mel Tappan was making this claim at the end of the 70’s. The viewpoint is correct, in my humble opinion, and the system must collapse eventually. “When” is anyone’s guess. Who could have believed they could keep printing/borrowing-and-spending for so long. It could be that they could continue this charade until they are talking about tens-of-trillions in stimulus and quadrillions of national debt. Who knows.
Regardless if he is correct regarding his timing, check the tag line that I’ve had for a long time now.
If you need some basic details, freepmail me or google any of the older survivalist forums.
“Ok, premise accepted. We’re screwed. So...what to do?”
That’s not his point. For example, I go after Rick Perry because I HATE HIM (having lived under him for a decade), not because I love Sarah or Michelle or Herman, as I don’t (I do love DeMint...but he’s not running).
...anyway, if I name someone else in my anti-Perry rants, then I’m just considered a Palin-fanatic (for example) and not credible on Perry. Likewise this guy is saying we’re screwed and he figures that people that understand what he’s saying (as in myself) already know what’s necessary (i.e., gold, safe currencies, prepping, etc...) as the outcome is always the same. But he wants to keep the focus of his article on why we’re crashing...as that seems to be the hardest point to get across. But the results are always the same (i.e., Argentina, Russia, etc.) and the correct ways to prepare for it is always the same...and well documented (including on this site).