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Watch for a Massive Pile Up of Western Wanna-Be’s on the US Interstates

Last Friday I had one of my “Wolf Pack Associates”, deliver me a friendly right between the eyes wake up call. It was prior to The Guerrilla’s radio show, and it put me in my place after I completed a full 15 minutes of whining about the sad state of western affairs. His responses, did influence the title of this installment, and the gist of my final statements on Friday night’s show. Sometimes you have to be popped in the head or right between the eyes to straighten your vision out. More as the installment gathers steam. If you don’t think there is a pile up coming where the “Intangibles & Needs” blow by the “Wants”, then you don’t need to be driving, since you are impaired to begin with! All the “Moral Intangibles” are piloting the vehicles with just the right amount of “Needs”, now leaving the vehicles of the western, too busy texting, to drive “Wanna-Be’s” in their useless “Wants” hot-rods, in their rear view mirror. Bumping, and rubbing are about to be turned into a big pile up on every major interstate highway in the western world, but first check out the evidence trail that is truly wrecking at multiple points & levels…….& be sure to drive defensively!

What does the above link have to do with anything WG? Mind manipulation to the nth degree. Can’t let these people in sheepleville have a clue, and btw I know you all already get this, but just hold on we are building up steam to a Wolf Packer’s wake up call to yours truly. Next up….

In the “more you see these kind of headlines, can you not help, but sit up & take notice” category…check this out:

Regarding the above link, in my 60 years of life thus far, I can’t remember a less “chamber of commerce” moment in quite some time.

Getting closer to the point of this installment, but first here is more evidence the US consumer is folding up his or her tent. And like stated in the last installment, real levels of economic activity will trump phony stock market CN’BS’ (credit to Ken Schortgen Jr. for the acronym) news highlights.

This serves up more evidence that real business with real “Needs” that support or service tangible products are worthy of measure, something the paper tripe fails at over & over.

Just follow that up with this headline that came 2 days later, Friday the 13th ironically, can we all say, “see I told ya so!”

It may be a little early to start singing, “See I told ya so!”, but I think the idea can be tossed about at the next “neat guy/neat gal” gathering, where they are now starting to discuss the idea of using regular octane in their high end rides!

And, speaking of “high end”, check out this headline, also mentioned on last Friday’s “Guerrilla Radio Show”……..

In a consumer based, elite controlled economy, who will be the last to suffer the pains of the gravy train putting on the brakes at the hands of Economic Mother Nature? As per a prior installment, the luxury market crowd, the “Wants, or Super Wants” folks. And, the above headline serves that theory up as a stamp of approval to the Macy’s “weak economic outlook”. In the on-the-ground Wolf Gray world, only the business associates I know that are operating in the high-end retail, and service related industries still have good profit margins. Haven’t spoken with them lately, but I bet just like the above news, their margins are getting squeezed. Like the more mundane & traditional business models, reality eventually reaches everyone.  An economic disaster that everyone will recognize, it is all coming home to roost folks.

Wait a second WG, I don’t see the connection between the elite’s control of the stock market with a combined measurable effect on the outlook for the retail market. All righty then, how about topping that off with the real economy now taking control of the reigns of the Christmas season. Here’s the proof……with a “Wanna-be’s” high end store”, Macy’s up to the plate again….

Can I get a bid on some “stock buy backs” to save our stock price please, going once going twice, sold to the gent crying in the back corner of the room, “Mr. Purveyor of hopes and dreams”.

See we told ya so! But wait a second there is the sound of hope on the airwaves mixed in with a little magic. Also mentioned on the Friday radio show, and days later, this magic is still being headlined on Sunday the 15th at the top of the Yahoo Finance News pages…….. Mind control, baby….–magic–of-the-u-s–eeconomy-015016096.html?soc_src=mail&soc_trk=ma

Yep it’s now official Jake, that economic troubadour of hope in all things paper, has spoken. Yea, that’s right it is an illusion, but he is also hoping to soon be stealing your paper while you sleep!!!!!!!

This next one leads right into what my Wolf Pack associate threw straight in my face….

I wouldn’t consider the above to be a 100%, “this is the only way to do it successfully view”, but it has some excellent points.  The key is how do you define “HOME”?  A world traveler may not have any discomfort with the wind beneath his or her feet, but the guy in the headline picture would.

Wisdom & Courage that Survive the Ages:

First some background on this Wolf Pack associate, and why I tend to respect his opinions.

He is a few months older than the Wolf Gray, and last year at the age of 60 he had a heart attack. His business required him to be active, and be a leader of his crew, unfortunately that stopped in in the blink of an eye. Especially in these sad economic times, times that are governed by the reality that is enforced by Economic Mother Nature.  And, yes those rules do apply to individuals who don’t get a dose of QE each and every day!  He tried to get medicaid to help with the bills, he can’t get it, he tried to get a job, can’t get one (heart problem). Why the negatives? Like most business owners he paid himself a shallow, or small salary, to avoid heavy taxation & needless contributions to government social programs (an S-Corp. advantage). The downside, in an event like, a disabling injury or illness, the former advantages while employed, becomes a liability in the event of a major illness or injury. Especially on the unemployment end of things. One day I asked him if he needed any food, and his reply was, “Naw my family is pitching in here & there, with deer meat.” He pauses, and says, “I never thought I would see these times at my door & especially at this age, but it doesn’t matter, I ain’t quitting. Wolf Gray is still silent. Him, “I can’t physically fight like I used to, or do the type labor I used to, but if the problems you & I discuss get to my door, I will not go down without a fight. I damn sure ain’t giving up on the gift of life God gave me.” I can’t add much more to that, without sounding like a moron trying to ride on his wisdom, moving on to today……

I touched on the subject of “Intangibles vs. Tangibles” in a past installment, 01/19/2015 (in the archives), but this time is different. My buddy recently (as in Friday the 13th of November) put some new thoughts in my head…..

“WG you need to quit worrying about this paper vs. real asset crap, because in the end it isn’t the most important thing anyway.” I could tell I was going to be taken to task, but I prodded him further. Which yielded some good stuff. BTW within his financial means, he does prepare for the time, that the on-going collapse, becomes unbearable.

“WG if your house, and all your earthly positions burned down, but you & Mrs. WG were safe outside in your skivvies, guess what, you are free brother!” Me, “Lay it on me my friend.” Him, “You still have you, and now you ain’t tied down to anything anymore, you are free! Been thinking of moving to Montana, well here’s your chance, because there is nothing to stop you, nothing!. No earthly possessions telling you ’not so fast buddy, stay put’…!”

His intangible values lesson helped write, my soon to be closing line on The Guerrilla Radio Show around 6 hours later. Combine that wisdom with the news headlines illustrated above, and it clearly shows that all the western “Wanna-Be’s”, and their abilities to survive while driving a fleet of cars filled with “Wants” ……. is about to come, to a crash on an interstate near you.

Time for a brief aside for a Wolf Gray definition of “wanna-be”. Someone who pretends to be a step above what they truly are in reality.  Most of them don’t aspire, but pretend to be a step above, who they really are, in the material world. They think they are approaching or have achieved, “I am all that & a bag of chips” status. When I refer to “Wanna-be’s”, they are typically college educated, neat guy & neat gal types, overly indebted to achieve that appearance of “I am it”, but sadly loaded to the gills with that debt in “Wants” not “Needs”!

Moving on to the interstate.

The Interstate of “Wants” Disasters:

The elites a.k.a the PPPTB (paper pushing powers that be) have been marketing “wanna-be-ism” to all the levels of social & economic strata in the western world. In order to bridge the gap, to that top of the heap level, everyone is magnificent, everyone is a superstar, everyone is a winner, and everyone needs, “Wants” not “Needs” anymore, “Wants”! It is simple form of “Wanna-be” marketing via a well thought out, well oiled marketing machine. Just the standard marketing to the human ego taught in any “Business 101” class, nothing fancy, but difficult to comprehend since most in the west are in their own world, and boy do they “wanna-be”.

This is very similar in the thought & business processes described in my first installment, except this time we are getting ready to witness the demise of “Wanna-be Marketing”, or final stages, as soon to be demonstrated on every interstate across the country. Those not well grounded in thought, well grounded in who the hell they are, will continue on the “wanna-be” trail, to stupid to recognize they are driving down a highway all the way to a frantic wreck. Meanwhile the individuals that are more grounded in who they are, or just plain comfortable in their own skins, will be more reserved. Eventually they (if they haven’t already) will start fortifying their positions with a DHAP (diversified hard asset portfolio), and if they are really bold it will possibly be with the proceeds from years of wasted time on paper wealth programs, courtesy of the massive PPPTB “Wants” marketing plan.

Don’t believe me, well catch this action. I am typing on a “mac” right now.  Each time I wake it up, it pulls up the Apple internet page, which I could change, but I don’t give a rat’s arse what it pulls up, as I am going to where I want to go. Guess how they term “us” the apple user on this page, or anyone who views their products, “Apple FANS check out this new product”. FANS, Say what? How about clients, or customers, it ain’t a cult. But, the same is true of all business’s as regards their marketing today, even Walmart has that Facebook feel in it’s advertising these days. Hey, you retail stores, how about trying to just respect us, we are your customers.  I sure as hell, ain’t your lowly FAN!

The sales and marketing team @ the PPPTB INC. is being deposed, and laid off I would suspect, as the desperation of “fewer & fewer are actually buying products anymore”, sets in. Desperation yields final results, like people scurrying about on the highways going absolutely nowhere. Ya got to give those “wanna-be’s credit though. They are still styling & profiling, while their vehicles are loaded down with a trunk full of useless “Wants”, but the distant vehicles ahead are those that are safely on their way, with a trunk full of DHAP “Needs”. Now the late comers to the DHAP realities, the ones with a more recent well grounded desire to protect themselves will also go blowing by the “wanna-be’s” in their over-weighted “Wants” burdened “styling & profiling” vehicles. The “Wants” crowd will realize something is wrong, and hit the panic button. Weaving & careening while jabbering incessantly to someone, who is jabbering back just as loudly, creating a pile up of trashed “wanna-be” false hopes & dreams.

Wolf this imagery is ‘bs’, keep it real for us! Folks, this is as real as it gets, especially when events like this past Friday hit Paris in an attempt to press the panic buttons, all to see what game plans will rise from the fear on the streets. If you haven’t thought of this, then let me throw something at you, the events in Paris were PPPTB, sales & marketing gimmicks”!  They were testing the waters of the human pool of emotion.  These guys have zero problems using human death & pain to test out their game plans, and what direction to take next.  To them I suspect it is just sales & marketing, nothing more nothing less. But, they can’t fool RM readers, as these corrupt forms of marketing are a clear sign of desperation as the retail numbers via real on the ground economics, ain’t so hot right now! 

Here is another real image for ya.  When your 401K’s & your IRA’s get buried, will you be visiting the burial sites? Or will you look over, and see me at Wolf Gray Sr.s’ (mentioned at the end of each of my installments died 2 days after my first one) head stone, while also paying respects to Grandpa Wolf Gray? My 401K’s & IRA’s & all the other trick items I had are liquidated, and gone, and if there is a burial plot for them, excuse me, I must have forgotten to ask for the address.

Proper moral intangibles matter, big time, and so do the “Needs” that they foster.  Needs, needs which give you the ability on the other side of this thing to negotiate for the right to your frickin’ freedoms. The “wanna-be’s” & their trunk load of “Wants” are about to pile up on the interstates from sea to shining sea, and now without any position of strength to negotiate from. My buddy’s analogy is spot on.  When I safely emerge from a fire burned, shelled out hull, of a material house. I STILL GOT ME! And, if you add a well thought out DHAP to it, baby I am good to go. Get your heads screwed on straight folks, get out of the traffic jam, and get yourselves well on down the interstate, and completely avoid the chaotic scenes guaranteed to follow.

My corvette could get buried tomorrow, and it would probably hurt my feelings, but I ain’t wasting time visiting no damn car grave, you will still find me at Wolf Gray Sr.s. Or stop by my place, where I will be outside with one hell of a tree. BTW I invited The Guerrilla, to add some ape like muscle, and he black mailed me with barbecue sandwiches.

I don’t know where you may call home, but the last paragraph “Is where I come from!”…….I am confident there is a place for all of us, not filled with phony wants, but with “You & your Needs”….Needs necessary to survive!

Want a reality sign?  Look to Paris, and also look to the retailer’s fresh, early Christmas panic. Follow that up, with what I believe to be the final reality “Wants” shoe to drop, in the high end retail & services sectors, with the providers becoming gloomy in the face of the Christmas season.  All detailed in the reality headlines above. It’s real…..!  Your in it…..! It is happening, and it is right now….!

Somehow Ray Charles, “Can’t Stop Loving You”, kept going through my head, but the words didn’t have the right message, then I remembered the same title, but done with different lyrics by Van Halen, this one hits home for me. Enjoy it if you want, and ignore the one brief scene I consider objectionable 2:17:

There’s a time and place for everything, for everyone We can push with all our might, but nothing’s gonna come Oh no, nothing’s gonna change And if I asked you not to try Oh could you let it be ……….Van Halen

……… And all I can remember Is how hard we tried Only to surrender…….Van Halen


My buddy got it right, “SURRENDER”, it ain’t happening.!!!! I ain’t about to visit Wolf Gray Sr. in shame, with the story his son surrendered in any form or fashion, especially to the wanna-be desires for “Wants”.

Redundant?  Yes I am!  Cocky?  Sometimes!  But, I don’t care, I am right!  It ain’t coming, it’s here folks.  And, you have been warned once again!   Prepare yourselves.  Get on up the wheel, so you can find yourself safely down the highway, and out of the chaos.

Wolf Gray

Credits to the thoughts of: Opie, my Wolf Pack buddy, Team RM & W, ZeroHedge, Montgomery Gentry, Van Halen



23 thoughts on “Watch for a Massive Pile Up of Western Wanna-Be’s on the US Interstates Leave a comment

  1. You Are The best, “Old One” !!!
    Your buddy is right too, As long as you are breathing just Remember ONE Thing ………..
    Molṑn Labé.
    That’s All that matters Wolf, All That matters…………..
    From one old man to another…………..


  2. ‘Time for a brief aside for a Wolf Gray definition of “wanna-be”. Someone who pretends to be a step above what they truly are in reality. Most of them don’t aspire, but pretend to be a step above, who they really are, in the material world. They think they are approaching or have achieved, “I am all that & a bag of chips” status. When I refer to “Wanna-be’s”, they are typically college educated, neat guy & neat gal types, overly indebted to achieve that appearance of “I am it”, but sadly loaded to the gills with that debt in “Wants” not “Needs”!’
    I have been ranting a lot about this for ages wherever I could comment. It can be summed up in one phrase, ‘religion of materialism/mammon’.
    This ignited my fire inside:
    “I can’t physically fight like I used to, or do the type labor I used to, but if the problems you & I discuss get to my door, I will not go down without a fight. I damn sure ain’t giving up on the gift of life God gave me.” – Wolf Pack associate
    “the events in Paris were PPPTB, sales & marketing gimmicks”! They were testing the waters of the human pool of emotion. These guys have zero problems using human death & pain to test out their game plans, and what direction to take next. To them I suspect it is just sales & marketing, nothing more nothing less.” – WG
    At a more general view this would be a stab at the BS’ing that has come to define western marketing strategies. In its most virulent form are these high-emotional seminars that you previously warned me about especially if they promote paper assets.
    The planners behind all this understand the components of the human brain and how they work:
    Reptilian – Fight or flight command, controls heart and lungs, takes over entire body in situations like getting shot at. Dominant in fast-strike animals like cobras and rattlesnakes.
    Mammal – Emotional, Strong in mammal mothers, required in raising children, source of emotional based hormones (pituitary gland), ‘having a heart’ comes from here, but also vulnerable to emotional manipulation through words and events like those in Paris recently;
    Neo-cortex – most recent addition in brain evolution, thinking, rational logic, requires a calm and undisturbed mind (makes you wonder with all the barrage of high tempo advertising), exists in a few higher order mammals like dolphins and humans with apes and elephants coming a close second. High caliber ‘real’ leaders like Vladimir Putin, George Washington and Dwight Eisenhower display skills in this area and are better able to resist emotional manipulation and able to take on tough decisions.
    Western marketing strategies is about pulling back people from neo-cortex rational thinking to emotional thinking and from there get them to make decisions not based in objective reality.
    Keeping calm with chaos all around to ‘keep it together’ and resisting manipulation through ‘positive’ and ‘upbeat’ presentations is a skill worth acquiring.


    • SoF, I could be wrong, they (PPPTB) may have done what they did in Paris for the entertainment value, only. Possible both “sales & marketing & entertainment”, but I suspect pre-positioning for the proper control of the natural resources necessary to maintain a decent profit margin is what they are up to. So when, the corporate asset in question, is as big as primary control of the world’s resources, getting an idea where to place your work forces, we the little people, is of paramount importance.

      Shifting the manufacturing, sales & marketing, & management teams around a bit with the only tool they have left the “collection & enforcement” division (doubling as sales & marketing at times)….. that’ what I see afoot!

      Wolf Gray


  3. “You still have you, and now you ain’t tied down to anything anymore, you are free!”
    You’re friend is absolutely right! Expatriation was never easier. Yer ole pal Thorny knows about this one.


  4. Wolf Gray.Good thoughts as usual. Now that the RMB will gain Reserve Currency Status on November 30th which school of thought do you subscribe to about how fast the dollar will drop?
    – The elevator school – quick drop.
    – The stairwell drop- slow and methodical
    As for me, after reading the BRIC news and other media outside the United States, the RMB rise to the SDR basket will be likened to plunging a turd that has been stuck in a pipe. I think the backlash will catch many more people by surprise than even I thought, as foreign investors rush to the exits. The question is simple. Gold or paper?
    I think the x-factor will be determined (as the guerilla has stated) by the Shanghai Gold Fix in December. The power of seven will be in full power until the end of December. I wouldn’t bet against it, as it has been proven to be accurate in so many ways, including Biblical Prophecy.
    Roll the dice.


    • Jerry this will be a long one I am afraid, but……..
      My views are we seem to be witnessing desperation to keep the King Dollar’s head above water. The Paris attacks reek of desperation, and the quick several month turn around of RMB inclusion in the SDR basket, talk about quick. It was so quick that it has a bit of an odor to it, like “You ain’t ready yet, oops sorry we didn’t review your entire resume, please come back”. Very odd indeed, as in guns held to their heads by the new sheriff!
      Desperation, plus warp speed turn around’s in favor of the dollar’s opposition, thus I tend to go with the elevator school-quick drop. But, note that is in relationship to an entire world’s monetary roles making a big big change, as in, reserve currency replacement or sequestering. Therefore back to my 5th grader, in future classes several centuries out, “wow it happened so quickly in a little over 20 years the dollar collapsed.”
      Personally I am sticking with a very very near term appointment for an,”Almost all US person’s & their economic demises in very very short order (months). Demises comprised of a short period of devaluation (btw been in that now in the commodity arena), followed by a dollar devaluing (a.k.a the opposite inflation) that costs the US consumer big time. That will be the real yardstick for when the proverbial elevator hits the bottom floor, and at a warp speed……The consumer throwing in the towel.
      It doesn’t matter what I, or Jim Willie, or V, or Ken, or W or anyone says as far as when it will happen or when it actually happened, it will be when the US consumer throws in the towel, that will define the (dollar) economic collapse. And, that may not entail a total dollar collapse, but instead a collapse of the spoiled, pansie, western populous crying & throwing a fit, and saying I can’t take it anymore. That’s what the hell you get with a damn near 90% consumer based economy, and I wager it aint 70% anymore, that old figure has been floated for near 25 years. Meanwhile more manufacturing went overseas.
      The consumer is tapped out, and the evidence says that it is RIGHT NOW, not later!!! So it ain’t going to take very much & then once the dollar is down enough to make most of the American consumers (WG estimate 90% of them), say “I give up”, it is then all academic. It is over at that point. The dollar doesn’t even have to collapse to collapse the actual economy , just be devalued, which is easy with a heavily indebted national populous.
      There may be two dollars, as prescribed by many top analysts, with the one in country being devalued drastically, as in 30-60%. But, it is my view, that even the lowest levels of devaluation (say 30%) will cause a total lock up in the western USA business community, with no product sales worthy of staying in country at all anymore, as profit margins will be squeezed to the minus column. Or at the most optimistic they just shut down temporarily, until things clear up, and give it that ole’ college try again.
      Short answer……it is my opinion it is going to happen fast, as this Paris thing smells of western desperation (a final sign). But, the dollar may not even collapse entirely, by definition, but as far as the consumer’s ability to use it, with the massive devaluations that will probably happen, it is going to amount to toilet paper for those who do not have the hard assets. The very hard assets, that will be able to step up their purchasing power with conversions to larger amounts of legal tender to complete their purchases.
      We all know what fits that definition best, “Gold & Silver Bars & Coins”. Step up your basis in legal tender folks by having “Gold & Silver Bars & Coins!” Damn this is future installment worthy. Step up your legal tender basis with real money overnight. It will literally be overnight, except there will be a waiting period for the dust to settle, for safe barter & trade. That is just the way I see it unfolding. No one knows for sure, thus get your insurance while you can, and we all know what that is by now. GSBC….!
      Wolf Gray


      • I didn’t see the connection between the possibility of inclusion of China’s Yuan into the SDR and the recent Paris attacks. Then again with the Paris attacks and the depressingly predictable spin from the mainstream and the even more depressingly predictable reporting and speculation from the hardcore alternative media side, I haven’t really been following too closely.
        The only real conspiracy in this world is where the dirty money of the globe flows, the “sewers” that carry it and the “sewage treatment” at the end of the line and RM is by far the one closest to the centre of it. As the late Rosecliff said, in times of crisis, the best thing to have is a think-tank.
        Its appropriate that Silver would be the world’s shiniest metal (according to Wikipedia) compared to the dull appearance of paper money that is vulnerable to the elements like water and fading from sunlight, and especially vulnerable to the correction of Cosmic Law’s own ‘Invisible Hand’ on the Trigger of the Financial Reset Rifle.


      • You are correct SoF there is no connection, they are separate moves, just other chess men on the board moving rapidly to a decisive ending for the western economy. We are about to get a completed board into position with as great a position of strength as is possible, in this case for the east. One side showing desperation with mayhem, in the Paris maneuver, and the other pressing into position with leverage in the paper theater via SDR inclusion.
        Wolf Gray


      • Wolf Gray.I totally agree with the Paris connection. The elites have to gin up a world war to cover their theft. That’s what they always do. Incidentally they also exploded another factory in China.
        Just like birth, the economic waves will get closer together as we near the point of delivery. My answer: Slow at first (like a stairwell) and then quick (like an elevator drop).


  5. >Wolf GrayThanks for the reply. Here’s Greg Hunter with Mike Maloney, with his perspective on the same stuff you talk about. The more the merrier:


  6. One of my favorites , Bill Holter, hits the same critical economic parameters the Team does here at RM. You can’t hide from the real trade numbers, that is all there is to it! And, bottom line it matters, and eventually when it cracks the high end markets enough, which will be the last ones to be hit, the cratering will be catastrophic. Not even CN”BS” (credits to Ken Schortgen Jr. for the acronym) will be able to hide from it at that point. It will just be “another bobblehead bites the dust as far as I am concerned”. Cut & paste of the article below……….
    Wolf Gray

    Posted November 18th, 2015 at 5:09 PM (CST) by Bill Holter & filed under Bill Holter.
    Dear CIGAs,
    No matter how you look at it, the global economic pie is shrinking. One might be able to argue this is not so based on individual statistical reports issued by various nations. The problem though is this, many reports do not line up with real world reports. For instance, how can “retail sales” in the U.S. grow when retailer after retailer reports worse than expected and contracting sales? The answer is what your own eyes, common sense and of course “individual companies” added together tell you.
    On a broader scale, we are told the world is in recovery. Never mind contraction in Europe or bogus reporting in the U.S., China and elsewhere, “we are in recovery dammit!”. The best way to look at this fallacy for yourself to divine the truth is to look at trade. Or better, “trade rates”. I have mentioned this before, the Baltic dry index has been crashing and now is very close to where it was back in the late 1980′s.
    If you look at nearly any freight index, you will see weakness and contraction. Whether it be total trade, shipping rates or even the amount of “empty containers” moving around the world, you will see weakness. The picture of trade is that of contraction, not concentrated in any one particular region but globally!
    Why is this important you ask? In one word “DEBT”! We have lived in a world for most all of our lives where “debt” has done nothing but grow. It used to be that (bad) debt would be liquidated in recessions, a natural cleansing if you will. We have not been allowed to have any real recession to cleanse malinvestment since 1982. Each and every recession in the U.S. has been either avoided or aborted early by fiscal or monetary policy means.
    The last such instance was 2008 until present. The Great Financial Crisis was aborted and the cleansing process postponed. The problem is this, we (the world) reached what I call “debt saturation” levels where more debt could either not be taken on or was “chosen” to not be taken. This was the true cause of the crisis. Sovereign treasuries around the world and their central banks then stepped in to pick up the debt growth void …and have now reached their own debt saturation levels. You see, all Ponzi schemes need new and more investment to survive …which has for all these years been provided by new and growing debt levels!
    As for the chart above and the “shrinking pie”, this is a very big problem. In the old days it would not pose the current problem but current debt levels and ratios are collectively higher than they ever have been …while the underlying economies to create cash flow have stopped growing and are beginning to shrink! Part of “the game” was to lower interest rates to make the debt serviceable. Now, even with zero percent rates the debt service is beginning to pinch. Can interest rates actually go negative to accommodate more debt? Maybe, but not in any credible world I know of. The next question of course would be “how credible is it to believe we will have higher interest rates”? Or better said, higher rates “by choice”?
    My point is this, we live in a world where by definition we must grow debt levels just to survive financially. However, the real economy which is already being choked off by too much debt …does not generate enough cash flow collectively to support current debt levels let alone higher ones. Everything today is supported by (or is) debt. All assets values are supported by debt. All currencies are actually themselves debt. In fact, there are very few unencumbered assets left to borrow against. It is THIS very reason that stock markets cannot be allowed to falter. Neither can real estate markets be allowed to fall. As for the global credit markets, these are the foundational lynchpin to everything and why interest rates cannot be allowed to rise in any meaningful manner …the underlying collateral cannot be allowed to shrink in any size nor for any length of time or it is over!
    I know this writing is very basic and some of you are saying “well duh”, but we have gotten so far from the basics that many can no longer even see the trees, save the forest. I say this because a real economy with real markets should work for the betterment of the standard of living and Main St.. We now live in a world where nothing matters other than financial assets and Main St. be damned. We are now very close to the point where Main St. will matter again because without it, Wall Street won’t be able to pay their monthly credit card bill! Those sitting on the most unencumbered and immediately liquid assets (money) will be greatly sought after (and hopefully not by a mob)!
    Standing watch,
    Bill Holter
    Holter-Sinclair Collaboration


  7. Mike Maloney: Top 4 Reasons For Deflation – Hidden Secrets Of Money 6 (and Convergence of cycles at the second part)


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