Is today the day?

For ten years I´ve been warning, sending letters to papers, writing editorials and telling people that we´re heading off a cliff. Although acolytes of this notion, the notion that The Greatest Depression is about to arrive, increase in numbers day by day, a rude awaking still eludes the general public.

I predicted ten years ago that the first part of the crash would occur 2007 and that our scheming Great Leaders would, through printing, borrowing and lying, keep things sort of going for another 3 years. I was off the mark. Officially the first crash happened 2008 and we´ve yet to see a real apocalyptical fall-out. Since then I´ve just been waiting for it while money masters and the elitist sphere prop up markets even further.

Now, with markets going down across the board with horrible numbers ticking in almost every day, we could have arrived at worlds end. I still don´t think this is it, there´s still electricity running into printers at central banks and there´s still juice left in evil squids. So no, I don´t believe this is the actual real crash. However we´re at the edge right now so a tiny gush from Italian bond trade, a breeze of horrificness curtsey of Spanish real-estate, or a dollar sell-off from the Chinese and that’s it.

As I´ve said many times before Fridays are the worst days - bad news can told better on Fridays since our Great Leaders has the weekend to strut their stuff. And since the last two weeks have been a constant Friday-show, I do expect that either a Vespa runs into a brick wall or a free fall on markets will occur today. However ECB do have tons of firepower and so does the Chinese and (yes, still) Americans. They will not let things crash right now so either they will intervene directly today or during the weekend culminating in QE3, or a massive intervention by the IMF or some such on Monday.

This crisis brought forth by overregulation’s, too much borrowing, too much money printing and progressive ideas is here, have been here all along. You can ignore it, sing tra la la la la or you can do what most idiots out there seem to be doing: blame capitalism. But if you really want to know what is going on, why and how to fix it you better listen to the people that saw this coming miles away. And yes, I am one of them.

Of course too few of you will. Instead you´ll be putting on a red, black, brown or white shirt and start marching around in combat boots.

That phrase “I told you so” is very funny, but when you idiots out there start throwing people into camps, start your revolutions and go even further down the abyss because you don´t understand better, that´s when the real fun starts.