"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Hold On To Your Adult Diapers, Hard Times Are Coming For Finances
"We’re facing the following situation…The confusion, the degradation of the bond market, the crumbling of everything else…I call it deflation, but maybe we should better define it as debt destruction and inflation because The-Powers-That-Be, the Federal Reserve and all these guys… in the data sets that I’ve got are showing that they’re really worried by very early January… actually they start getting extremely worried by sometime around the 12th or so of December and that it breaks out into the public so to speak by early January. Now, what they are worried about is the destruction of all of this debt… it’s a destruction of all of these derivatives…"
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