By Lee Cary —— Bio and Archives January 6, 2023
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"The Black Swan is 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."
"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.'"
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, and lives in Texas.