“The next stage that’s coming is political collapse which I believe will be triggered here when the nation realizes how bad the Deepwater Horizon leak really is and how it has been misled. . . . No more deepwater drilling and oil prices will spike for sure. — Or, it might come when Freddie and Fannie ask for another $50-100 billion, even as the Gulf coast’s foreclosure rate goes exponential and banks continue to fail. It might come in a massive cyber attack. . . . It might come with an attack on Iran. . . . With the EU’s “nuclear” bailout move having shot its wad in just one day, the writing is clear. It’s as clear as Japan’s near-to-imploding economy behind a debt that’s worse than Greece, with no IMF or EU to fall back on. It’s as clear as the explosives residue from a North Korean torpedo found on a sunken South Korean warship. It’s as clear as the tail-wagging-the-dog bs propaganda about Times Square terrorists from Pakistan. It’s as clear as China’s superheated, about-to-implode bubble coupled with its tectonic social problems. It’s as clear as the mass of forward-hedged oil purchases from a few weeks ago that blasted through the record of June 2008. . . . I do not know if we have days or weeks until the wheels come off. There can be no more bailouts. Oh, governments in Europe and the US might have to try and sell them, but I agree with the IMF assessment from a few months ago that said another round of bailouts would trigger massive civil unrest. And what we’re seeing now is new bailouts cutting into the banking system and bond spreads triggering a rise in rates and… inflation… Inflation. . . . The final blow to industrial civilization will happen no later than the summer of 2010.” So says Michael Ruppert on his From the Wilderness Peak Oil Blog. Ruppert also has a book out, “Confronting Collapse,” as well as a movie, “Collapse.”