If there’s one word I’d use to describe my outlook, it’s pragmatism, i.e., “assessing truth based on the potential for practical application.” I am pragmatic in both my professional and personal lives, and anyone reading this blog likely is, too. Our collective goal is to make correct – as opposed to desirable – decisions, filtering out the cacophony of misleading “noise” – purposeful or otherwise – distracting us from this end. And as Sean Connery eloquently stated in Indiana Jones and the Last Crusade, “In this race, there’s no prize for second place.”

On the topic of one of my favorite movies ever, when it comes to “life or death” financial decisions – as we face today – the last thing we want to do is take a “Leap of Faith,” particularly when related to the siren song of “economic recovery” promulgated from our enslavers, the “Powers that Be” residing in Washington, Wall Street, and London.

http://youtu.be/a_-BOvWVycM

This RANT was inspired by the below article by Charles Hugh Smith, reminding us that “WISHES AND DREAMS” do not bring about recovery, any more than debt, deficits, taxes, and wars. Even the “American Dream” was just a mirage, as tens of millions are finding out today. This myth was based on the “free ride” given the U.S. for a brief snapshot of history, when the rest of the world insanely gave America the right to PRINT the “world’s reserve currency” in 1944, reinforcing such stupidity by refusing to protest Nixon’s abandonment of the gold standard in 1971.

Guest Post: Does Believing In The “Recovery” Make It Real?

Jim Sinclair refers to the COMPREHENSIVE GOVERNMENT STRATEGY of “wishing and dreaming up a recovery” MOPE, or Management of Perspective Economics, while I simply call it the “evil troika” of MONEY PRINTING, MARKET MANIPULATION, and PROPAGANDA. No matter how you slice it, however, the conclusion is the same. That is, “recovery” is IMPOSSIBLE in the current environment, as the only way a PONZI SCHEME can conclude is via COLLAPSE. It can only be sustained by growing larger – i.e., adding more debt – eventually collapsing of its own weight, or via a sudden “kill event” if confidence in its flawed foundation is suddenly lost.

Every PONZI SCHEME throughout history has failed, and fiat money is the most notorious, destructive type, subjecting entire populations to catastrophic loss, for the benefit of a handful of charlatans – read: bankers and politicians – at the top of the “pyramid.” And the current GLOBAL FIAT CURRENCY SYSTEM – the first of its type ever – will end just the same, likely much sooner than even the most skeptical analysts believe.

The “point of no return” regarding the impossibility of debt repayment was passed long ago, and I believe the END GAME will be initiated – excluding the incidence of a “black swan” event – by the GLOBAL realization that sovereign debts have graduated from exponential to hyperbolic growth. That scenario appears imminent in numerous “first world” countries, including – sadly – the United States, the UK, Japan, and most of Europe.

It’s nice to “WISH AND DREAM” for what we desire, but the “school of hard knocks” tells us life functions otherwise. There are plenty of things we want but will never get, which is just fine, as right now SURVIVAL – financial and otherwise – should be our top priority.

PROTECT YOURSELF, and do it NOW!