Steen Jakobsen: "our current model is a Ponzi scheme"...

Here is the link to Mish's article where Steen Jakobsen is quoted, the whole thing is worth a read but I especially liked the bottom line by Steen and it closely matches what I have been writing to friends and family about since late 2007 and since 2010 when I started this blog:

"The developed economies are growing old in demographic terms, but we’re still not wise enough to realize that our current model is a Ponzi scheme rushing toward its inevitable Minsky moment. No serious policymaker or central banker is talking about the truth told by simple maths and hoping that things turn out well. Hope is not good policy and it belongs in church, not in the real economy."

--Steen Jakobsen, chief economist of Saxo bank

• It IS a Ponzi scheme; a debt Ponzi to be precise.  Ponzis are a form of pyramid scheme.  They do not level off.  They grow, peak, and then collapse.  Always.
• It WILL collapse and with such suddenness that most people will be caught completely off guard.
• It WAS planned, just like 911.  Conspiracies have do and will always exist at every level.  Only a sleepy sheeple will deny that it is human nature to form cliques, clubs and yes, secret societies in order to further their goals.  Only an ignorant fool has not reviewed the farewell speech that Ike gave in which he called out the military industrial complex as the real enemy should we fail to monitor them carefully (and we have not monitored them AT ALL).
• There WILL be panic as supply chains break and shelves go empty.  
• There WILL be riots and violence and despair and many who have not seen fit to protect themselves will be in grave danger during those times.
• The threat of global war has never been higher than it will be when all of the world banks fail.  Again, it is no accident and all you have to do is read the Georgia Guidestones to see this.  The con men want us to kill each other off leaving only 500 million people that they can control and use for slave labor.  I'm not saying they will achieve it.  I'm saying that this is their written plan and it is literally etched in stone.  Don't laugh it off too easily, very strange things are beginning to happen around the world.  Things like this.