Monday, March 15, 2010

A letter to a friend

I've been e-mailing "Al" from the story all morning. He's been pretty concerned about the healthcare bill, and how it affects him and the wife (IRL he's married). I've warned him in the past, but he didn't really listen, and kinda looked at me like I was crazy. I am crazy, but that's beside the point. Here is my latest response to him:

I warned you about a year ago... Canned food and a shotguns :) handy for the zombie apocalypse, too!

The dems will do anything to pass us further into socialism. Most democrats are openly socialist now, Obama has done one thing, he galvanized the collectivist - altruistic - statists into leveraging as much “reforms” as possible to make us into a European socialist state.

Our Debt to GDP ratio has skyrocketed, it’s only a short time before no one buys bonds (the Fed Reserve is buying most now) and the Fed cannot buy all the bonds, the existing holders of the 5year+ T-bills would dump them as worthless paper. That collapses the dollar, and Zimbabwe hyper-inflation sets in.

Great for paying off loans, bad for everything else.

I’ve been reading about all this for a couple years now, and I cannot see any way out other than human stupidity. If the idiots on wall street still think the dollar is strong, and the dumbass investors don’t see the warning signs that are out there, then we might be able to do it. All it takes is one big bond investor to dump their bonds and that will trigger the rest, and the collapse comes in a matter of days, maybe even hours.

China is no longer the biggest holder of US debt. They haven’t been selling bonds, but the ones they hold they have not re-invested as they matured. China not buying bonds was the biggest warning I’ve seen. China doesn’t want to upset the apple cart, they want to divest our debt without triggering the collapse, and so far they have been doing a brilliant job. All it takes is another country to unload too fast and the shockwave panics investors and then we collapse.

The news is not covering this at all, after all these people have all their money tied up in the stock market as well. So these guys have a vested interest in “forgetting” to report the failed bond auctions, and other critical warnings.

Scary-ass shit, man.

Hopefully he will wake up.


Mayberry said...

For way too many, if it's not on the nightly snooz with Tom Brokaw, it ain't happenin'....

chinasyndrome said...

Natog,that was a calm rational way of explaining it.So many people are gonna be so mad and shocked when it happens.Why didn't anyone tell us,well some of us Crazies tried.


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