“In my opinion, as publicly stated in a recent article, the panic phase has begun. The American people have begun to sense the broken nature of the system, the suppose curative cream of new debt actually adding to the debt saturation problem, the USGovt deficit as never to be reduced, the grotesque imbalances growing worse, the global disputes turning uglier, the system fracturing before our eyes. The people are awakening to the systemic failure. They are at last showing fear and sensing some doom. They are painfully and openly more aware that the system cannot rectify itself, due to a broken policy apparatus, due to ineffective economic counsel, due to corrupt bank operations, due to unprosecuted fraud, due to an endless housing decline, due to a vanishing Middle Class in America. These are the elements of systemic failure.” Jim Willie CB
“The Powerz will try everything except the true solution, a Gold Standard. Yet such a standard imposed would dissolve half the US banking system, ignite hyper-price inflation, result in profound shortages, eliminate large tracts of private wealth, and deliver the United States as a nation into the Third World.” Complete article here
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Jim Willie CB, editor of the “HAT TRICK LETTER”
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