Thursday, July 16, 2009
The long term NASDAQ chart is one reason I trust in calling for a P3 wave of extreme size. I ask one question: If the NASDAQ gets crushed to 500, what do you think will happen to the DOW and SPX?
The situation (debt) is impossible to maintain. If interest rates go up to even to half of what they were 30 years ago, the US will go into default I am pretty certain. (unless they pull in the spending reins and let it all fall!)
$500B in interest alone this year (or maybe next - its skyrocketing quickly). Its surreal.
At the rate we are headed, we'll be paying $1T a year in interest. Insanity. Can we do it? Wake up people! All Ponzi schemes collapse in a horrible mess without fail! And they collapse rather quickly.
P3 is coming. We are not sure when. But it is coming.
Posted by Daneric at 9:34 PM