When the POOP Hits the Oscillator
I have been asked to share my perspective (vision or nightmare) of what will happen when the Poop finally hit’s the fan. You asked for it, you got it.
No matter what happens, massive earthquakes, tsunamis Coronal Mass… you know whats, EMP’s (manmade or natural) the ultimate crisis will be caused by none other than an economic Crisis. How can I say that? Easy look at history. Japan was bombed to oblivion in WWII, received the first atomic bombs in modern warfare and still it rebuilt itself. Now, after being struck with a major earthquake of Biblical proportions and then crushed by a tsunami which in turn has caused the largest nuclear crisis in history, yesterday, the dollar dropped below the historic low of the dollar to the yen since WWII.
Why? We have had no major earthquakes, tsunamis, major nuclear disasters. Our infrastructure is still basically intact. Japan cannot even operate their own factories because of the limited amount of electricity. It has to have South Korea build most of its automobiles. Japan produces no oil and negligible amounts of natural gas. The U.S. is producing oil and gas and discovering new fields and has developed technology to increase oil production from previously inaccessible oil strata. So if it had to do with natural resources, or major disasters the dollar should be worth 200 or more yen. Why is it that the yen is stronger than the dollar. Because the fundamentals upon which the dollar is based are collapsing. The dollar is only valuable right now because of the Bretton-Woods Agreement which came out of WWII. Everybody in the world has to buy dollars in order to purchase any internationally traded commodity. Otherwise we would be a poster child for economic collapse. Greeks would be saying, “It sure is bad but at least we don’t live in America.”