Mida k'Neged Mida

Collapse on Wall Street

This is what collapse looks like on Wall Street. October looks like it is going to be bloody beyond belief. Read the story closely and smell the fear. There is now a $400 trillion derivatives bubble hanging in the balance. The government has drawn the line on bailouts. That's good but it means the Fed is getting seriously squeezed and it hasn't dealt with Ike yet. We don't have a clue as to how much damage Ike did yet but it was serious. The price of gold has been bombed as bad as the price of oil. Both are due for huge breakouts and capital is looking for the exits. Today is going to be a busy, busy day. We have passed the Plunge Protection Team's pay grade....

Wall Street's Tower of Babel

...We are falling into a kind of chaos. This chaos appears in our economic behavior – in our indebtedness and failure to observe the traditional rules of economy. We have also ignored the warnings of our forefather’s money and credit. And we have lost our common sense in matters of money and finance. We fought a war on drugs but did not realize that the devil’s most powerful drug is credit. Is there any doubt that human beings cannot resist its addiction? We are now beyond the point of no return.

...The problem is that what is occurring in terms of birth pangs are not fully appreciated. At some point Americans will realize what has happened to them and their financial system.

So here is the executive summary:

The perversity of money and the financial system to do the very opposite of what all reason indicates should not deceive us from understanding reality. The fact that so many people do not see the tremendous peril we are in does not change reality. Over time people have lost touch with the great truths of economic life. The consequences of this insensitivity to these truths are to be unperturbed, irrational, and indifferent to signs of imminent disaster.
We are blind to enemy identification. We cannot see clear and present danger.
The new financial alchemy has created a complexity , a deception, and a structure which exceeds what is humanly manageable.
A single event could cripple our economic life and collapse our financial system. It is only a matter of time.
The Ten Sigma Event is like the ten plagues of Egypt. The plagues are happening again in a different form but the message is the same. The truth will be set free. I think we are at the stage of “tomorrow about this time I will cause it to rain a very heavy and dreadful fall of hail.” Those who got their servants and livestock into houses and shelters were not destroyed. Some ignored the message and did not believe it and they lost everything. It is hard to hear a message of counterculture financial warning.
Money has become so complex that it has been confusing. So many new forms and extensions of money have flooded our lives. Debt has been confused as wealth and has been an addiction unto itself.
There is a reason that gold is called “precious” metal.
The financial elite of the United States have sacrificed the system’s survival for the greatest financial gains of all history. The system itself is dead and it is all theater from here on.
As the financial plagues unfold may I suggest you “urgently ask for gold and silver”.