Hahahahaha.... Buckle Up

 

----- Original Message -----

From: Len Cranford

To: apopeeso@comcast.net ; pyrigenes ; Chris D.

Sent: Monday, May 11, 2015 1:18 PM

Subject: Prepare for Hell on Earth;

[Denninger shows you the numbers again; The seeds of REVOLUTIONS and FAMINES in History. Remember those who destroyed your Nation.]

 

Hahahahaha.... Buckle Up  http://market-ticker.org/akcs-www?post=230123

 

Oh this is rich...

Driven by higher interest costs, Social Security and Medicare for baby boomers, as well as tax cuts made permanent in 2012, the federal debt held by the public is expected to hit $40 trillion in 2035, according to calculations by the Committee for a Responsible Federal Budget based on Congressional Budget Office estimates. Back in 2009, soon after President Barack Obama took office, the forecast for the 2035 burden was at least $7 trillion lower.

$40 trillion?

You have to look at the second graph in this post.  There's a decimal missing but even so, if you think the federal government will be able to spend north of $17 trillion, which is more than 400% what it spends today by 2045, you're nuts.

Let me make a clean prediction: Long before we get to the point where the federal government manages to spend 4x as much as it spends today fully half of the population will be literally starving to death and will turn violent.  It is not that there "might" be a revolution or civil war long before that level of spending comes to pass, it is a certainty that one or both of those events will occur.  Indeed, even those who are the "nominally" rich right now (top 10%) have utterly no means of keeping pace with this projection, should it prove up -- and thus it won't.

Now that view, incidentally, is what the predicate for your pension fund and your retirement are based on, assuming you are going to live another 30 or more years.  That is, assuming you're younger than 55 right now you're going to get to either live this and will probably die in said violence or you had damn well better put a stop to it RIGHT NOW.

Stopping it means a cessation, now, of all deficit spending.  Period.  Not tomorrow, not the lying Ryan 20 year projections, now.  And there is exactly one way we can do that in this country, and that's to get rid of Medicare and Medicaid entirely for all but the very poorest Americans.

And that can only be done one way, and that is to actually fix the medical system, something that I have written repeatedly about, so that virtually everyone can afford to pay cash for their medical care.

NOTHING ELSE WILL WORK; IT CAN'T, MATHEMATICALLY.  

THIS IS THE ONLY WORKABLE OPTION.

It's that simple folks; this projection by the government is not going to play out, and thus it won't.  Worse, once the markets figure out that this is what's actually on the table you'll be lucky if the S&P trades at 200 -- not 2,000+ -- as every asset class will get utterly decimated.

WAKE UP AMERICA BEFORE YOU GET SHOT -- AND POSSIBLY (YES, LITERALLY) EATEN.