Holy Crap! PIIGS Credit Default Swaps! Look at this chart! It's over.....hold on tight

Bring the pain! I'm ready. Can't wait for the economy to collapse so all the narcicissts can pay their dues.

Damn straight...are you prepped though. I am in a big city and am a bit concerned about protection. In my country it is hard t get hold of a firearm!

"It's over folks, despite the protests of BNP, which reacted in predictable fashion to a WSJ "opinion piece" this morning:

'We can no longer borrow dollars. U.S. money-market funds are not lending to us anymore," a bank executive for BNP Paribas, who declines to be named, told me last week. "Since we don't have access to dollars anymore, we're creating a market in euros. This is a first. . . . We hope it will work, otherwise the downward spiral will be hell. We will no longer be trusted at all and no one will lend to us anymore."

Note the day September 13, 2011.

By October 13, 1929... oops... 2011, US Economy will be in free fall...

Get GOLD NOW PEOPLE!!! It is the only real money.

Alice Springs is a hamlet. Go on!!!!

Make friends with somebody in the outback. YESTERDAY!

Good advice. Also make friends in high places. Bonus if they live in the country :-D

Learn to shoot a bow.

Here's the original source.

[link to market-ticker.org]

The Government took upon itself to create false economic demand after 2008 through deficit spending. Private business knows this cannot continue forever, or you get Greece. It's not really very complicated; try using your credit card to maintain a $173,000 lifestyle when you only make $100,000 and see for how long you're able to do it. That's what our Government has sequentially done for three years running from 2008-2011.

Every businessperson with an IQ larger than their shoe size knows that this path forward will - because it mathematically must - fail. They were willing to accept a short-term incidence of this back in 2008, because that's exactly what they believed it would be - a very short-term phenomena.

This is not a political issue, it is not a left or right issue, it is a function of simple mathematics. Those who were IPOing these businesses in the 1990s and who were building and selling houses into the ramp in the 2000s were simply believing that they would unload the bag on you before the leverage pyramid in that particular part of the economy fell over.

That's all the last thirty years was folks, and now we're desperately scrambling on a global basis to find just one more sucker. To obtain just one more hit off the crack pipe. To stave off death just one more day and draw one more breath.

Can we pull that off/ Maybe, for today. Maybe, for tomorrow.

But on a forward, sustainable basis?

There the math is clear and so is the answer: NO.

*50% rule observed