I think the policy response is a total catastrophe. And, I also feel the purpose of any crisis is to clean the system. But, nothing has been cleaned. It’s gotten worse and worse and worse. It’s this entanglement between Wall Street and the corrupt politicians and the Treasury and the Federal Reserve opened doors between the three….
This is not the final crisis. The final crisis is the one when the whole system will collapse and the whole system will be cleaned of corrupt politicians and incompetent policy makers.
My guess is that we are years away from Doc Faber’s final crisis. No politician wants to be in charge when the real SHTF, so they will hold it off as long as possible and pass it on to the next guy. There’s a distinct possibility that President Obama won’t even be in office when it happens. While the potential for collapse of in public and privateÂ confidenceÂ may be accelerating right now, it can be a years-long, sometimes decades-long, process, as is discussed in Martin Armstrong’s recent piece How All Systems Can Collapse Overnight.
Mac Slavo Views:
Read by 29 people Date: August 27th, 2009 Website:www.SHTFplan.com
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 www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.
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.