QUESTION: Martin- I am a recent new member and just finished reading the REPO Crisis Report. As an individual, not an institution, it was a steep price but well worth it. Thank you. My question is this…..what the hell does everyone expect to happen? Here is a short list of everything we know to be corrupt on this planet (you correctly encourage us to think globally): Central bankers, politicians, financial markets, the commodities markets, fiat currencies, the insurance industry, the healthcare industry, automobile loans, mortgages, credit card industry, the education system, unions, lifelong self-serving bureaucrats, and the military industrial complex (I grew up in the US Army, son of a warrant officer during the cold war). I will repeat the question. What the hell does everyone expect to happen?? The system as we know it MUST collapse so that something new, something better, something more trustworthy, can be born. Of this, there is no doubt. It is simply a matter of when. It’s going to hurt. It’s what we deserve.
Try not to lose any more sleep.
This world is going to need you (and others) later.
Love you guys.
Sincerely Yours, CO
ANSWER: It all depends on whether the politicians in Europe blink. As part of that report, I will provide updates because this is indeed the worst situation I have ever seen in my long career. My greatest fear is that politics never works the way people think it does.
If I were to run for president and said, “Vote for me because I just prevented a crisis that you were unaware of and I saved you from losing everything.”
Most people would not believe that statement.
Politicians realize they cannot run for office by actually managing the economy or preventing a crisis. They LOVE a crisis, for then they can say, “Vote for me and I will get the guy that caused your loss.”
As a result, I can scream as loud as possible and show them all the data. They will NEVER act to prevent something. Like 9/11. They created Homeland Security stating that various agencies had information and pretended it was not shared. They destroyed buildings because they gained so much power because of 9/11. There was Project Northwoods that revealed how these people would kill American citizens and blame it on someone else just to get more power. President Kennedy refused to kill Americans and did not want to go to war, which was probably the real reason he was assassinated.
Therefore, I am NOT optimistic that they will do ANYTHING to prevent the crisis. The questions become 1) how long will it take for Europe to respond, 2) and will it result in the breakup of the Eurozone?