Preps and Solutions
(Sponsored Ads)
Strategic Relocation
Recently Posted Articles and Videos
Ready Nutrition - Homesteading and Preparedness
Ready Gardens - A Ready Nutrition Company
The Daily Sheeple
The Prepper Website
SGT Report
SGT Report
top Prepper Web Sites
Featured Destinations
The Liberty Mill
Web Destinations

Clarocet for Kids

The System is Crashing, It’s Going to Get Worse

Mac Slavo
July 2nd, 2009
Read by 732 people

Nassim Taleb, author of Black Swan: The Impact of the Highly Improbable, joins CNBC on July 2, 2009 to discuss the system we know as our financial markets and what effects we can expect.

Don’t be fooled by a complex system… The system is very fragile. We’re talking about something that is deleveraging. You may have what they call green shoots, you may have temporary relief, but you’re still in a world that is breaking. And, that world should break. We’re gonna break, it’s gonna go.

If you look at nature, nature breaks anything that is too big. Not to reach interdependence, just to reach equilibrium. So anything that is fragile, eventually will crash. The system is very fragile, it is crashing. We’re in the middle of a crash.

So, if I was going to forecast something, I know it’s going to get worse, not better.

Black Swan defined:

“The really important events are rare and unpredictable. He [Taleb] calls them Black Swans, which is a reference to a 17th century philosophical thought experiment. In Europe all anyone had ever seen were white swans; indeed, “all swans are white” had long been used as the standard example of a scientific truth. So what was the chance of seeing a black one? Impossible to calculate, or at least they were until 1697, when explorers found Cygnus atratus in Australia.” (Chris Anderson, Author of The Long Tail: Why the Future of Business is Selling Less of More)

Watch the Interview:

Click here to subscribe: Join over one million monthly readers and receive breaking news, strategies, ideas and commentary.
The Most Trusted Tactical Gas Mask In The World
Please Spread The Word And Share This Post

Author: Mac Slavo
Views: Read by 732 people
Date: July 2nd, 2009

Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to Please contact us for permission to reproduce this content in other media formats.


Web Design and Content Copyright 2007 - 2015 SHTF Plan - When It Hits The Fan, Don't Say We Didn't Warn You - All Rights Reserved

Our Supercharged Intel Xeon E5-2620 v4 Octo-Core Dual Servers are Powered By Liquid Web

Dedicated IP Address:

The content on this site is provided as general information only. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a financial interest in any company or advertiser referenced. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader.

SHTFplan is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to