Two Must Read Articles on Current Economic Realities...
Paul Craig Roberts
Watching the Dollar Die
Mike Whitney
Meltdown Looms Larger As Credit Markets Freeze
Apologies for linking to these on Counterpunch of all places! The bottom line is that once again, all the cheating is being forgiven, the cheaters being bailed out by those of us whose real wages and purchasing power will be declining, thanks to our friend Ben Bernanke at the Federal Reserve.
To best understand the information above, be sure to watch Paul Grignon's Money As Debt...
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parallels between economic bubble and the "public myth" bubble
Can't stop thinking how similar they are. Desperately they try to avoid having to pay the piper in both cases, which just makes the problem worse... Will they pop at the same time? Will they pop at all? Will just one pop? Will we have reached enough people by the time it does? The suspense is... intense...
I believe they'll all pop in short succession
The cascada will be initiated by the burst of the economic bubble, doing away with the "yes, we know things are generally fucked up but what can we do?" attitude -- once panem e circem is just a memory, people will have to leave their comfort zones automatically. And they will. There won't be much of the facade remaining in that global Potemkin village of ours that, by means of steadfast denial, could still be perceived as real estate, anyway...
So, coming up next: Humankind's turn at the wheel of history -- the first in centuries. Emma said: "I do not believe in God, because I believe in man."
Let's not disappoint ol' Emma, folks!