Saturday, February 27, 2010

One for FreeManPhil

Death of American Capitalism

Significantly, Munger says 2012 is the turning point, a signal, the moment setting up the final crisis scene. We've often made a similar timing prediction, one tied to the 2012 election, and a reminder of the warning made by Jared Diamond in "Collapse: How Societies Choose to Fail or Succeed." In the late stages of a nation's cycle: A crisis hits. Everyone, leaders and citizens, act surprised. But it's too late: "Civilizations share a sharp curve of decline. Indeed, a society's demise may begin only a decade or two after it reaches its peak population, wealth and power." Just 20 short years to ruin?

Posted by james stephenson @ 01:01 AM (1179 views)
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3 thoughts on “One for FreeManPhil

  • We’re in the middle of a civil war, a very civil war, so acceptable that one side, the public, aren’t even aware that they’re in it.

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  • American Capitalism is already dead. It died 1913 with the birth of the Federal Reserve and the Income Tax, and was stabbed in the back in 1971 by Nixon when he closed the gold window. America only needs a small amount of move towards free markets and it will beat the heck out of everybody else once again, but they need to have a states rights movement to keep Washington in check.

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  • Conserve existing derivatives and ban any new ones. This is the right time to do it if not the only chance to do it.

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