WARNING: Deflationary Collapse Dead Ahead
Tuesday, September 15. 2009
Posted by
Karl Denninger
VIDEO (7:00):
TEXT and GRAPHS:
For those of you who prefer text......
You have heard me talk about this before.
I have written Tickers for more than two years.
I have sent multiple petitions to our Congress, and you have signed them.
I raised an unbelievable amount of Hell when TARP was under debate, arguing that we must allow those banks that are underwater to collapse and we must force the bad debt from the system.
The fact of the matter is that you have been lied to for the last decade about our economic state, and if we do not divert from the road we are on our economy, our monetary system and our government WILL COLLAPSE.
Not "might collapse."
Not "might get bad."
WILL COLLAPSE.
It is a mathematical certainty, and here is the proof.
First, I present the graph of our economy - GDP and Debt, from the 1950s onward. This chart you've seen before (click any of these for a larger copy)
CONTINUES:
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