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debt, Economic collapse, economic meltdown, financial collapse, future

Economic Collapse Rumors Swirl – But When? How Long Can the Debt Party Last?

As Zerohedge.com titled its article on this:

Markets Charge But “The Nation As A Whole Is Getting F**ked Sideways”

Authored by James Howard Kunstler via Kunstler.com,

“It amuses me that the nation is so caught up in the sexual mischief of a single Hollywood producer when the nation as a whole is getting fucked sideways and upside down by its own political caretakers.

Behind all the smoke, mirrors, Trump bluster, Schumer fog, and media mystification about the vaudeville act known as The Budget and The Tax Cut, both political parties are fighting for their lives and the Deep State knows that it is being thrown overboard to drown in red ink. There’s really no way out of the financial conundrum that dogs the republic and something’s got to give.

Many of us have been waiting for these tensions to express themselves by blowing up the artificially levitated stock markets. For about a year, absolutely nothing has thwarted their supernatural ascent, including the threat of World War Three, leading some observers to believe that they have been rigged to perfection.

Well, the algo-bots might be pretty fine-tuned, and the central bank inputs of fresh “liquidity” pretty much assured, but for all that, these markets are still human artifacts and Murphy’s Law still lurks out there in the gloaming with its cohorts, the diminishing returns of technology (a.k.a. “Blowback”), and the demon of unintended consequences.

Many, including yours truly, have expected the distortions and perversions on the money side of life to express themselves in money itself: the dollar. So far, it has only wobbled down about ten percent. This is due perhaps to the calibrated disinformation known as “forward guidance” issued by this country’s central bank, the Federal Reserve, which has been threatening — pretty idly so far — to raise interest rates and shrink down its vault of hoarded securities — a lot of it janky paper left over from the misadventures of 2007-2009.

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I guess the lesson is that when you have a pervasively false and corrupt financial system, it is always subject to a little additional accounting fraud – until it’s not. And the next thing you know, you’re sitting in the rubble of what used to be your civilization…”

I write books interpreting end times prophecies, and whether you look at the Bible or Nostradamus or any other source it looks like our near future will see economic collapse, WWIII, and then it will get even worse after that…  Normalcy bias makes us look at the recent past and extrapolate endless good times for the future, failing to understand we have spent the future subsidizing the last two generations of good times already, and that debt can’t just pile up forever without a major collapse…

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About David Montaigne

Historian, investigator, and author of prophecy books like End Times and 2019, and Antichrist 2016-2019

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