Posted on 11/19/2012 7:40:24 AM PST by Perdogg
Kyle Bass writes:
Trillions of dollars of debts will be restructured and millions of financially prudent savers will lose large percentages of their real purchasing power at exactly the wrong time in their lives. Again, the world will not end, but the social fabric of the profligate nations will be stretched and in some cases torn. Sadly, looking back through economic history, all too often war is the manifestation of simple economic entropy played to its logical conclusion. We believe that war is an inevitable consequence of the current global economic situation.
(Excerpt) Read more at zerohedge.com ...
Monday Morning buzzkill.
Just like the last two global economic collapses.
Somebody asked me what comes after a Trillion. I said “world war III”.
Fun Fact: Adjusted for inflation $5T USD is the amount of money spent by FedGov™ during ALL of WWII.
Bravo Sierra. The last 2 WWs had nothing to do w debt restructuring. It was all about - I suggest you read up on Muslim politics and nazism.
You may want to study up on the Weimer Republic and the concept of “Hyperinflation” before you dismiss the idea out of hand. There were precursors to the Nazi’s gaining power in 1933 after its leadership got done with prison stretches 8 years before that. You should also do some studying on the Great Depression; it was not just an american phenomenon.
As for WWI, in 1914 a lot of the europeans were feeling the ill effects of measures such as income taxes, central banking, universal medical care, and other features of the welfare state that we partially adopted in 1913 (and that screwed us 25 years later) and that the europeans had went all in on in the 1880’s...
Hmmm...
How does an economically weak, overwhelmingly militarily powerful nation deal with it’s economic problems.
Always.
(But not this time, oh no, we’re special LOL!)
The next war is not that different. We have a marxomuslim in our white house seeking to remove America from the global stage.
Net result? Peace and stability are removed. Everyone then jockeys for position. Then, Iraq takes it nuclear pushing islam on the world, and voila!
Obama will precipitate global suffering like the world has NEVER seen. UN paralleled. Millions upon million will die unnecessarily through direct impact, then there is secondary suffering with no care....then the looting and raiding,,, and then who ever is left over will starve.
Death and suffering like the world has never seen....and possibly never see again....
“Thank” you Barack Hussein Mohammet Bin-Ghazi Obama
wars are very expensive
Why is Obama in Asia?.
The rise of the Nazi Party had EVERYTHING to do with the economic effects of the war reparations debts that the WWI allies imposed on Germany.
goood Gawd.....what is it goood for? absolutely nothing say it again!
Bunch a pissed off people now that our leaders have taxed and spent our futures into the toilet.
“Monday Morning buzzkill.”
Majorly.
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