The wrong thing was done in 2008 and there is zero evidence that our government has changed one iota in their singular focus on misdirection and lies in this regard. Welcome to awareness; I hope you’ve taken the last couple of years to become prepared.

Like Greece, the middle east, and now Europe, the people of the United States will be rioting in the streets. All we can do at this point is prepare for worst case scenarios, because the best case scenarios touted by the experts are nothing but conjecture.

Unless you’re a bankster. Then you’re more-equal and your license to steal not only remains intact, but will be continually expanded without boundary. Let’s dub our President Mu-Barack. He deserves it.

This may be a low probability event, but so was an earthquake driven Tsunami wiping out the generators that powered the fuel rod cooling stations in Fukuskima.

Whatever happens, the end result is not going to be good for the America, or the rest of the world. We have previously warned that the newly instituted policies by China, and the outcry from the rest of the world may eventually result in a complete collapse of the US economy and the US dollar, a disconnect in asset prices, and in a worst-case scenario, the possible end of the world as we have come to know it.

Your sitting in your makeshift home-office reading the latest economic doom and gloom at SHTFplan.com, when you hear someone jimmying the front door.

Nature, however, will ultimately take its course and we’re getting to the point now that the market has pulled forward about as much demand as possible. With employment in the toilet and mortgage lending coming to a standstill as a result of fewer qualified buyers, the charade doesn’t have much longer to go.

Contrary to popular opinion, government intervention is not required during recessions, and most often results in hindering the rebalancing of the system. Chances are that the government will not move out of the way. Thus, if Karl Denninger is correct about his mathematical assessment, then we should all prepare for the end result of their attempted machinations – and it’s not going to be pretty.

For now, it seems deflation is taking hold (though it never really let go), but there remains a very powerful variable within the debate, and that is the government and how they will act going forward.

Are American citizens prepared for tanks, curfews, and soldiers patrolling every 7-11 and street corner ?

If Ben Bernanke actually cared about these unconscionable acts, then he would take the actions necessary to bring to light all of the machinations involved in this scheme.

We are pretending we are not, just like you can pretend you didn’t really lose your job so long as your credit card does not reach its limit.

Ben Bernanke just told Congress that they will not be printing more money to try and inflate our debt away. Whether this is lip service or the Fed actually plans on carrying through remains to be seen.

If Karl Denninger is right and it is coming, then it is going to hit just about every developed and emerging nation on earth.

We can continue to blame Bush, or Clinton, or Bush, or Obama, but we’d be much better of admitting that all of these Presidents, as well as the Congressional leaders who have served (if you can call it that) are to blame.

To be perfectly frank, there is not a whole lot of statistical information coming out of the government that we can believe anymore.

Believe what you choose to believe. Subscribe to the theory that the economy is recovering. Call us doom and gloomers. Feel free to call this opinion.

Consider that there may be some other strange, perhaps improper, manipulations going on.

It could go either way, but given the hit consumers have taken in the employment rolls, wage cuts and credit contraction, don’t expect a blow-out shopping season.

While it seems that most market participants are looking for a continued rise in stock prices and deterioration of the US Dollar in the near-term, leading contrarian investors like Karl Denninger, Marc Faber, Bob Hoye and Harry Dent have a different take.

Karl Denninger utilizes basic mathematics and a common sense approach to analyzing the economy to come to this conclusion. Yes – an economic analyst that uses REAL MATH, not the fuzzy math the government has been using.

Whether you short this market or not, the key thing to focus on right now is preserving capital. While this is probably not the systemic meltdown that will lead to a total SHTF scenario, many people will lose a lot of their wealth, so we urge our readers to take the necessary steps to avoid this if at all possible.

In But I Thought It Was Just A “Panic” Karl Denninger discusses how the lies, temporary fixes and fiscal misconduct of our government and the Fed will eventually cause a complete breakdown of the financial system as we know it

Karl Denninger’s had enough, as he blasts the Obama administration, Congress, The Fed, Treasury and pretty much anyone else who is robbing the citizens of America for the betterment of the more privileged.

An incredibly insighful view of consumer spending and debt, government debt growth and labor statistics to support his claims that we are nowhere near an economic recovery.