The All-Important Doorman

 

Picture this: A tribal leader from a distant country visits the US. He’s brought to a large apartment building in New York City. When he gets out of the car, he looks up at the great building and is quite impressed. A uniformed doorman exits the foyer and comes out on the sidewalk. The tribesman sees the gold braiding and brass buttons of his coat and immediately decides that this is a very important person. Again he looks up at the building and says to the doorman, “This is a very great home you have. You must be very important indeed.”

Of course, if we were present, we might chuckle at the tribesman’s naiveté. The owners of such a great building would never greet people at the entrance. They leave such trivial tasks to hired servants, whilst they run the real business without ever needing any direct contact with visitors as they enter the building. And, in addition, doormen come and go – they are, after all, disposable. The owners – those who control what happens in the building – retain their positions over the long term… and may remain anonymous, if they so choose.

Why the U.S. Is the Next Greece: Doug Casey on America’s Economic Problems

 

“With these stupid governments printing trillions and trillions of new currency units,” says investor Doug Casey, “it’s building up to a catastrophe of historic proportions.”

Grexit: Remaining In The Eurozone Is No Longer ‘The Base Case’ For Greece

According to the Wall Street Journal, Greece staying in the eurozone is no longer “the base case” for European officials, and one even told the Journal that “literally nothing has been achieved” in negotiations with the new Greek government since the Greek election almost three months ago.  In other words, you can take all of that stuff you heard about how the Greek crisis was fixed and throw it out the window.  Over the next few months, a big chunk of Greek government bonds held by the IMF and the European Central Bank will mature.  Unless negotiations produce a load of new cash for Greece, there will be a default, and right now there is very little optimism that we will see an agreement any time soon.  In fact, as I wrote about the other day, behind the scenes banks all over Europe are quietly preparing for a Grexit.  European news sources are reporting that the Greek banking system is on the verge of collapse, and over the past couple of weeks Greek bond yields have shot through the roof.  Most of the things that we would expect to see in the lead up to a Greek exit from the eurozone are happening, and now we will wait and see if the Greeks actually have the guts to pull the trigger when push comes to shove.

Video: How the Next Economic Collapse Unfolds: ‘This Is How They’ll Press The Reset Button’

Please see the source for the video.

 

The data keeps pouring in. The U.S. economy is in trouble. All of the official statistics like job growth and economic recovery are based on lies and fabrications.

As Christopher Green of Alternative Media Television explains in his latest video commentary, those lies will eventually catch up with us and when they do the consequences will be impossible for most people to imagine.

You need to understand what’s coming… you need to understand the magnitude of the event ahead… this economic collapse that we’re living through today.

There is no recovery. There is no jobs recovery. There is no real growth in the U.S. today. It’s not that we don’t have great companies… it’s the system itself that is rotten to the core. It’s structural. that’s the problem with the system.