The Phaserl


The Upcoming, CATACLYSMIC, Financial Big Bang to End All Big Bangs

by Andrew Hoffman, Miles Franklin:

Before I get to one of the most important topics imaginable, I have a handful of “wide world of horrible headlines” to get out of the way.  Which, I might add, are integrally entwined in a deadly economic embrace – coiling tighter with each passing day, like a boa constrictor around its prey.  That said, what scares me most is not so much the terrifying “forensics” behind the collapse of  history’s most destructive fiat Ponzi scheme, but how many people played a part – some due to avarice; some, greed; and for the majority, plain old stupidity and sloth.  To wit, I read this weekend that just 9% of 16 to 19 year Americans held jobs this summer – representing not only an all-time low percentage, but less than half the rate of my youth.  Heck, I had my first job – delivering the New York Post – when I was just eleven years old!

Such are the ugly times we live in.  And yet, the U.S. still remains the “best of the bunch.”  Not that it will forever; as once the “end game” of global currency collapse plays out, the America’s political and economic power will be no more “extraordinary” than those of other former reserve currency issuers – like Portugal, Spain, France, and England.  Heck, even America’s social leadership is rapidly waning, with its previously world-leading entertainment industry thoroughly dumbed down and diluted by commercialism, “reality,” and social media.

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