Well hello there Apocalyptoids! long time no see!
There's a reason for that which we'll get to soon enough but first I want to tell you why the ole Bladerunner ain't been around much. The simple truth is that there hasn't been much in the way of Earth-shattering catastrophe to talk about lately. Sure there have been some disastrous military misadventures and the odd mysterious plane crash but to be honest there hasn't been anything I could really sink my teeth into.
Until now that is.
I also got caught up in the world of making a living and providing for the family and to tell you the truth one starts to feel a little schizophrenic planning for the kids university years and blogging about Armageddon.
Anyhow we find ourselves, my friends, on the edge of a very real and imminent precipice. That of financial ruin.
Back in 2008 you'll recall, all seemed lost and yet somehow, at the last hour a piece of financial black magic was woven and cast and the creaking grumbling world continued to turn. Much to the surprise of many I might add.
We could talk of derivatives and credit default swaps all day and never reach a real understanding of how these instruments work but what I think many of us DO understand is the old fashioned Ponzi scheme. Charles Ponzi, was an Italian businessman and con artist in the U.S. and Canada. His aliases include Charles Ponci, Carlo and Charles P. Bianchi.
Born in Italy, he became known in the early 1920s as a swindler in
North America for his money-making schemes. He promised clients a 50%
profit within 45 days, or 100% profit within 90 days, by buying
discounted postal reply coupons in other countries and redeeming them at face value in the United States as a form of arbitrage. In reality, Ponzi was paying early investors using the investments of later investors, a practice known as "robbing Peter to pay Paul." While this swindle predated Ponzi by several years, it became so identified with him that it now bears his namesake. His scheme ran for over a year before it collapsed, costing his "investors" $20 million.
This is generally what the banks have been doing for decades only in the last 7 years or so it has taken on the bloated grotesque proportions of a Ponzilla.
Add to the mess a central bank dumping trillions of dollars into the system the way Tepco dumps seawater on Fukushima and you have the perfect storm that has been gathering strength for far too long.
The time of reckoning has come Apocalyptoids. Currencys are in freefall, commodities are crashing and worst of all the Chinese house of cards is about to tumble.
The Greek debt fiasco, while only a sideshow did offer some intriguing lessons. The greatest of which, in my opinion, was that the Greek people, faced with utterly punitive and unpayable conditions about to be imposed on them kept their money in the bank and stayed in the country. What does this mean? It means that when (WHEN) it happens here the sheep will be led to their financial slaughter as easily as candy is taken from a baby. Faith in the system. It is astonishing that if the average person gives any thought at all to the state of the world's finacial institutions they think that the government will take care of them. THE GOVERNMENT WILL NOT TAKE CARE OF YOU. Clear enough? I hope so.
When will this all go down you ask? 2015. This year. Likely October. Likely October 7th. Specificity is a wonderful thing ain't it?
Oh yeah one more thing for now.
No more Bladerunner. Call me Redcrow.
Sleep well Apocalyptoids.
More to come.
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