Money quote: "Think about the way we've been living the past 30 years. Thirty years ago the leverage of the investment banks was like 4-1, 5-1. Today its 30-1. That's not just a change of numbers. This is a change of fundamental thinking."
This is why we should all be scared to death. That 30-1 system has collapsed and there wont be a silver bullet solution. Plant a garden.
There is a reason I have a 'compound', my own water system and am working on my wind turbines...no I am not holed up in a shack in the woods. I am a 23 year Govt employee. Don't expect my bosses to 'rescue' you guys. They could not rescue their asses with both hands.
ReplyDeleteThoBrMan!!!! Hope you're also building a very tall fence around that compound. When there's nothing to eat but Soylent Green everybody is going to be banging on the door of your ark. If you see a guy dressed like a moose, let him in. He's not a bad fella
ReplyDeleteYeah, I can testify that The Moose is indeed a good Moose....we go all the way back....all the way back to the time he took off running and ran into his first tree.
ReplyDeleteJudging from his political persuasion and posts elsewhere, he is still running into trees
If only the capital gains tax had been lower someone would've had an incentive to cut that tree down.
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