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A Must Read: Charles Hugh Smith's "The Royal Scam"

August 14, 2009 – Comments (1) | RELATED TICKERS: GS , C , JPM

MY COMMENT: I have discussed the Argentina Collapse before. The US appears to be following a very similar flight path. (To see former post Google: abitare Lessons from Argentina's Economic Collapse Nov 2, 2008.  Also there is an outstanding video series on Google about the Argentina Collapse)

An outstanding write up here: by Charles Hugh Smith's of two minds:

"The Royal Scam" by Anonymous Correspondent

Are we at the end? These massive insolvable problems: where can they lead? The inattentive political class, too selfish to care. The corrupt and venal insiders, what can they do?

What can they do? Here's an idea, presented in the book And the Money Kept Rolling In (and Out) Wall Street, the IMF, and the Bankrupting of Argentina (2006) and independently researched and presented by Eric Janzen in a review of his now-10-year-old "Ka-Poom" theory entitled Does USA 2009 = Argentina 2001? Part I: Falling economy reaches terminal velocity .

THE REST IS HERE:

http://www.oftwominds.com/blogaug09/KaPoom2CHS.htm

The Onion makes there call here:

U.S. Government Stages Fake Coup To Wipe Out National Debt