The signs are undeniable that some sort of historic event is imminent. The latest economic news makes it certain that the Western financial system as we know it is about to end. The question is, will there be a controlled implosion followed by a phoenix like revival or, will there be revolution, chaos, anarchy, bloodshed and misery. The answer now lies in the hands of the military forces of the West because the political world, especially in the United States, is dysfunctional.
To understand how serious the situation is, please look at the following chart. http://davidstockmanscontracorner.com/wp-content/uploads/2015/05/financialization3.png
It shows there is about $80 trillion worth of financial products in the United States that has no basis in the real world. During the Japanese bubble I used a similar chart to show the bad debt in the banking system was worth 200 trillion yen at a time when the Japanese government was…
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