spot on

so in summary look for the shit to hit the fan when yields on 10 -4 year T bills start to rise above a possible blip, and when the S&P falls below 1150.

He doesnt mention this outright, but I think you can infer a point. He says that a socialist state cant service debt by raising taxes and producing GDP. No one makes anything to be taxed when they are all on the dole.