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An interesting perspective on the time we are in and what may unfold:

King World News note continues:  You can see from the chart above that despite the hiccup in 2008 – 2009, the central planners are determined to continue inflating the global Ponzi debt scheme.  The problem is that everything eventually hits the wall.  The recent turmoil in global markets suggests that the ability of the world to sustain such massive debt levels is coming to an end.  If so, the Total Credit Market vs Share of GDP is in for one hell of a collapse.

If you look at a simple reversion to the mean (the median point from the years 1840 – 1980), that would suggest a collapse from the current level (over 350%) to under 150%.  That will be a much larger credit implosion than the one that triggered the Great Depression.  Buckle up and buy physical gold because it will be a terrifying ride as holders of paper assets such as stocks and bonds get destroyed and the recent chaos in global markets is seen as just a warm-up.

End of quote.

The article goes on to talk about some of the conditions in the United States during the Great Depression of the 30’s.

The next month or two could be interesting.

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