A big squeeze is coming The Black Swan: "She is Arithmetic. Impassionate, indifferent, apolitical stone-hearted Arithmetic. She is here; she is coming."
-- The graph above and its significance can be found below in a video starting at the 2:00 mark.
No war in history has been more closely followed on the web than Ukraine v. Russia.
Among YouTube war sites, none has focused as much on the war's global economic consequences than the "Joe Blogs" posts.
"Joe Blogs is a British YouTube channel with over 219.00K subscribers. It started 2 years ago and has 613 uploaded videos."
The video content is relevant, well-researched, well-organized, and articulate. Much YouTube coverage of the war lacks one or more of those characteristics.
The Joe Blogs host explains the graph at length. But here's a Cliff Notes version:
Key factors pointing toward a rapidly approaching global financial crisis are present in many governments and non-financial corporations.
On October 13, 2013, an article entitled The Black Swan in the Perfect Storm posted on the website American Thinker. It included this language:
"The Black Swanis Arithmetic. She is coming and she is already here. In Detroit, you see her in the debris of a once great American city."The Perfect Storm is the confluence of events that will wreak economic havoc on America. It need not have anything to do with the current debt ceiling controversy. Most don't see it coming. For them, it will bring shock and awe."Nassim Nicholas Teleb is credited with developing the metaphor -- based on the sudden discovery that all swans are not white -- of the black swan, to refer to widely unexpected events that come as a surprise to most and change everything."
Below are several projections in that article.
"One or more of the Big Three credit rating agencies (Moody's, Standard & Poor's, and Fitch Ratings) drop their rating on U.S. securities, again, and then again." "In a trend already underway in some country-to-country commercial exchanges, the USD moves closer toward the end of its role as the world's reserve currency.""The U.S. eventually faces the approach of sovereign debt default.""The debt service cost -- just paying the interest on the government's credit cards -- for the first 11 months of FY 2013 was $395,845,239,236.39. That excludes a ‘change in the accounting method for the Department of Defense (DOD) market-based securities, a one-time adjustment of $75 billion decreased the Interest Expense on the Public Debt for the month of July. The literal point of default doesn't have to be reached to have a major negative impact on the economy. If you're driving with the red light on your fuel gauge indicating you're low on gas, you slow down. Same for the economy.'"
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U.S. Federal Government spending is out-of-control
Nine years have passed and today the canine appetite of the Federal Government wants even more money. It plans to employ 87,000 new IRS agents, with $45 billion allocated to enforcement.
A big squeeze is coming.
But more money won't slow the Black Swan.
The 2013 article added: "Accurately predicting the Perfect Storm damage is impossible, but the convective outlook for the U.S. economy is high risk."
Here's Bad News: The risk is higher today than it was in 2007. The Black Swan is now showing-up on mid-range radar.
U.S. Federal Government spending is out-of-control, as was recently illustrated by the $1.7 trillion funding bill that passed with bi-partisan support.
So, Happy New Year as the Black Swan flies nearer.
"She is Arithmetic. Impassionate, indifferent, apolitical stone-hearted Arithmetic. She is here; she is coming."
CHINA's Debt is Out Of Control & Global Leverage is Now 25% Higher than Pre Global Financial Crisis
Lee Cary——Bio and Archives
Since November 2007, Lee Cary has written hundreds of articles for several websites including the American Thinker, and Breitbart’s Big Journalism and Big Government (as “Archy Cary”). and the Canada Free Press. Cary’s work was quoted on national television (Sean Hannity) and on nationally syndicated radio (Rush Limbaugh, Mark Levin). His articles have posted on the aggregate sites Drudge Report, Whatfinger, Lucianne, Free Republic, and Real Clear Politics. He holds a Doctorate in Theology from Garrett Theological Seminary in Evanston, IL, is a veteran of the US Army Military Intelligence in Vietnam assigned to the [strong]Phoenix Program[/strong]. He lives in Texas.
