October 7th - Last Update For Now - Karl Denninger Talks Preparation

[Lucille]

October 7th - Last Update For Now

There are strong indications that we may suffer a bond market dislocation (and attendant stock market crash) which could come as early as tomorrow.

This is a direct consequence of Congressional refusal to address the issues for over a year, and Bernanke and Paulson playing "smartest men in the room."

I urge everyone to be prepared for a potential economic Depression, as if we get a bond market dislocation it will catapult us into a full-on Depression - this was what caused it in 1930-32, and it will be again, if it occurs.

If we the people are going to get in front of Congress and stop this, it has to happen now. Right now.

A few thousand views and the conspiracy nutballs who have infested the commentary of the previous videos will not do the job.

I will put what time I have available towards these videos and similar things in the future, but my family comes first.

It is now up to you, the people of America, to decide whether you wish to whine, bitch and moan in comments on Youtube, or whether you are going to take action such as visiting and hounding Congress, caling General Strikes, and similar forms of PEACEFUL direct action.

Time has expired for you to choose and you must make your decision today. Refusal to act is a choice, and ALL choices have consequences.

This is, literally, one of the most important decisions you will make - whether by your action or intentional inaction.

October 7th

Dow down another 508 points; the market has now lost fifteen percent in the last three days since the Bailout was passed. Henry Paulson and George Bush told us that we had to pass this bill or the market would implode. Well, they passed it and the market imploded anyway.

Are you, the people, going to stand for this? Congress must hear from you today. Download the latest single-page PDF and fax it to Congress, then follow up with a phone call and demand that Congress lock up the children and let the adults in the room.

We cannot afford to wait until the new Congress in January; there is no indication that the market is going to wait four months for a new Congress to convene.

 

[kathy88]

I love the fax, but the colors are not going to fax right, are they?

 

[wizardwatson]

What's a "bond market dislocation"?

 

[Lucille]

What's a "bond market dislocation"?

It's bad. Real real bad.

Bond Market Dislocation

Karl's ticker made Instapundit:

ACTUALLY, THIS IS ALWAYS GOOD ADVICE: Be prepared for six months to two years of unemployment. As for the rest, I'd say it's kind of overheated. I certainly hope it is!

Hope springs eternal, Glenn!

It is a must read.

 

[OferNave]

Conspiracy nutballs? Tell this ignorant bastard to fuck himself.

 

[Razorback Fan]

Wait...I don't understand who the nutball is. This topic sounds pretty legitimate to me.

 

[wizardwatson]

Found a good article on what may be coming. This bond market dislocation stuff is kind of new to me. I hadn't realized how interlinked it is with government spending and debt.

The Bond Market Awakens!