WARNING: Deflationary Collapse Dead Ahead.... PREPARE NOW!!Submitted by takeaction on Thu, 09/17/2009 - 10:53
by Karl Denninger
You have heard me talk about this before...I have written Tickers for more than two years. I have sent multiple petitions to our Congress, and you have signed them.
I raised an unbelievable amount of Hell when TARP was under debate, arguing that we must allow those banks that are underwater to collapse and we must force the bad debt from the system.
The fact of the matter is that you have been lied to for the last decade about our economic state, and if we do not divert from the road we are on our economy, our monetary system and our government WILL COLLAPSE.
Not "might collapse."
Not "might get bad."
Read the full article here....and look at the graphs...