We Are Approaching the End Game: A One-World Government, Religion and Currency

Time appears to be running out, with dire changes having already begun. Who knows, maybe there is only a year or two remaining of relative freedom of movement before the controllers reveal their deep affinity with the dark side by setting up what seems to be their planned world dictatorship, world government, and world currency. They have learned how to manufacture crises and disasters, such as 9/11, as a means of seizing more power. The signs that they are springing the trap will be the increased bureaucratization of all aspects of life, wartime measures like rationing and transportation checkpoints, centralization of financial institutions, control of populations through un- and under-employment, elimination of freedom of speech on the internet, and continued growth of computerized systems containing personal identifying information. As has happened before, the majority of people will likely be so sick of the rising tide of chaos, which the controllers have helped engineer, that they will willingly trade their autonomy for the shackles of totalitarian order. - Richard C. Cook, The Time of Testing Is Here, richardccook.com, May 24, 2010

Karl Denninger, “The End Game Approacheth”

February 21, 2011

Karl Denninger, MarketTicker.org - Anyone paying attention today? The dollar, for its part, is not collapsing. It's not going materially higher either, but it's definitely not collapsing. Other futures (particularly things like cotton and such) are not trading today. But these are. Why up so much? Spreading of political unrest. And why the unrest?

Exported inflation caused by global money-printing designed to bail out the bankster cartels from their bad bets instead of forcing those who made the bad "investments" -- bets they knew or should have known were mathematically impossible -- to default. It's not going to work folks. The "closed system" mentality of Bernanke and others has always been a scam.

We have put through three successive doublings of debt in the 1980s, 1990s, and 2000s. This was against average 10-year rates of GDP acceleration that averaged 30-40%. That is, debt service requirements at constant interest rates and constant dollar terms advanced at more than double the output of the economy.

There was no actual economic growth for the last thirty years. We simply charged it all to the collective credit card, accumulating balances that eventually must be paid. This is how we went from ~6-7% of GDP being "consumed" by FIRE (Finance, Insurance and Real Estate) brokerage services to more than 20%. It is simple mathematics. But the FIRE parts of the economy produce nothing. They merely reallocate money from one person to another. Therefore, they do not promote further advancement in GDP as their function is parasitic, not additive. And it shows -- the compound average rate of growth has slowed markedly over the last 30 years.

We hit the wall in 2007. The increasing diversion of these funds has driven speculators and others into monetizing commodities as a means of trying to escape what they know will not work. And while people wring their hands at the rise of silver and gold, where you really wanted to be the last nine months was in cotton, which has nearly tripled. Financializing these products was part and parcel of tearing down Glass-Steagall and other regulations during the last 30 years. By allowing banks and brokerages to involve themselves in trading these positions under the (false) claim that they're "simply making a market" we have created a monster in hot-money flows that cannot be controlled.

Now we're gonna pay. "Pay" means high levels of civil unrest through the world, as the speculators double, triple, even quadruple the price of basic needs. "Pay" means the overthrow of governments. "Pay" means the impoverishment of not only third-world nations but Americans who live on fixed incomes and have limited means, as those people spend nearly all of their income on food, energy and shelter -- and two of the three are skyrocketing in price. "Pay" means the alleged "promises" you think you had made to you for retirement and medical security in The United States WILL NOT be kept, because they mathematically cannot be kept. Fortunately, refrigerator boxes and freeway underpasses are not going up in cost.

Those who think that this "rescue" program is good for the stock market and have bid up stocks in response are fools. You will soon have demonstrated to you, again, just as you did in 2008, how wrong you are. Why? Because without good wages there is nobody to buy the products that are produced. And while you can claim that the "growth" is coming from overseas, without good jobs here in America it doesn't matter, because the nanny-state will have more and more demanded of it, but will have less and less tax revenue with which to provide it.

Something like this will happen....

Oh wait... it already did happen.

We had the opportunity to force those who did these things to eat their losses and, when there were frauds involved, to imprison them. That was the right thing to do. It was the right thing to do in 2007, in 2008, 2009, 2010, and now. But instead the government at all levels has chosen through bribery and extortion to allow these games to continue and the perpetrators to walk free, keeping the loot in the bargain.

It doesn't matter, in the end, because this is not sustainable. It cannot continue. We hit the wall in 2007 not because of a few subprime mortgages, but because debt carrying costs exceeded the ability to pay. We have not materially decreased those costs. Total systemic debt in the United States has gone from $52.7 trillion to $52.4 trillion, a less than one percent decrease.

There's no way out of this box without correcting that distortion. It's that simple, in the end, and what you're seeing now is exactly what I expected to happen if we took this path. It is why I counseled against this decision back in 2007, wrote letters to Congress, ran petitions and spoke vociferously against TARP, the mark-to-market fantasy games and other bailouts.

It is not simply because we have a right to the Rule of Law in this country, although we do, and that ought to be sufficient justification standing alone. It is because the mathematics of what was being attempted could not succeed. I hope you're ready, because the consequences are coming and they are emergent. Right here, right now, today.

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