Every Asset Class Will Collapse: ‘You Need To Be Looking At Your Wealth In Terms Of How Many Chickens And How Much Gas You Can Buy’
Mac Slavo
November 4th, 2016
SHTFplan.com
There’s no other way to put it.
The system as we know it will collapse. This, argues Karl Denninger of the Market Ticker, is a mathematical certainty.
In a recent interview with Future Money Trends Denninger touches on the various dire challenges facing America. From the Presidential election to the rampant corruption in our financial, political and healthcare systems, he pulls no punches and warns that the worst is yet to come unless real action is taken immediately. Failure to do so, says Denninger, will lead to a collapse of everything we consider to be a part of our current way of life.
If we do not start locking people up our government, our way of life and every asset class… the price of all of them… is going to collapse. This is not a maybe. This is arithmetic. It’s not politics. The problem here is that nobody in the political sphere from either party is talking about this. This is where the problem lies.
…At the same time, this is what is bankrupting all of the public sector pensions… If you’re a policeman, a firefighter, a teacher in any of the states you’re not going to get your money. At best you’ll get half. I’ve run the numbers… the best systems in the country right now will be able to pay half of those benefits… many of them are worse than that. You’re going to also see the collapse of all the state budgets for the same reason because they’ve got those embedded liabilities. Law or no law, I don’t care what your state Constitution says you have. If you can’t collect the money you’re not going to get the check.
The Rest…HERE
