The only thing nearly as enlightening (and time-consuming) as reading David Collum’s epic Year In Review is listening to him and Chris Martenson discuss its highlights. So strap in, grab some eggnog, and listen to this year’s recap:
We are so close to a financial crisis now that we may be way, way past the fail-safe.
We’ve got all these unfunded liabilities that we have to pay or face the consequences of — and they are fantastically enormous.
The pensions are all underfunded — at the top of a financial asset price bubble, mind you.
Social Security is a disaster. And we’re promising so much medical help for everyone that is now profoundly expensive.
There are so many things out there that are unmoored. The Fed is unmoored. The digital world is taking us to this digital gulag, in my opinion — I don’t think I’m being hyperbolic.
I think we’re heading for very, very bad places.
Click the play button below to listen to Chris’ interview with David Collum (84m:24s).
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I think I’ll chop my head off and run around like a chicken today.
Pictures please? My girl likes gorey images.
https://www.latimes.com/story/2019-12-08/record-number-of-african-migrants-at-u-s-mexico-border
this is an article by simon black about china’s banking system & how fragile & precarious it is–
if china has a massive depression b/c of bank failures,it’s katie bar the door–
https://mail.yahoo.com/d/folders/1/messages/ACdR86pZko6xXgY7OQv6aB2WKNQ?.src=fp
I enjoyed it. DC said there was a text that reveals who was on the stretcher that was supposed to be epstein (who’s now living in israel) and that it would be a surprise.
Did anyone happen to find out?