It Has Hit The Fan!

Sunday, May 17, 2009, 1:04 PM
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Sunday, May 17, 2009

Executive Summary

  • Stop waiting for "it" to happen; it already has.
  • Keep the big picture in mind.
  • This is a crisis of too much debt, not too little spending.
  • This is a global crisis.
  • The energy situation is getting worse, not better.
  • It's not possible for an insolvent nation to borrow money from an insolvent financial system to bail out insolvent financial, real estate, and insurance companies.
  • Change is necessary, and we must embrace it.

If you have been waiting for further confirmation about the direction of the economy, or waiting for a sign that it's now time to get serious about preparing for a future filled with less, this report is written for you.

My job is to provide you with a big-picture view of where we are and where we are headed, with an emphasis on clarifying the ways in which the dominant spin-cycle news machinery attempts to lure us back into the false comfort of borrowing and spending more.

At, people often wonder about what they'll do "when things fall apart."  A frequently-used acronym-containing alternative to this phrase is "when TSHTF," where the "F" refers to a fan and the other letters to something else hitting the fan that I will be coy about, so as not to offend anybody's sensibilities or trigger any spam filters.

I have news for everybody:  It has hit the fan.


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