a ripe moment
Posted by admin on 16 Sep 2008 at 05:20 am | Tagged as: collapse
and more, by James Howard Kunstler.
It turns out the real hurricane blew through Wall Street last week, not Galveston. This morning, Manhattan is strewn chest-deep with the debris of banking and at this hour (seven a.m.) nobody knows how far, deep, and wide the damage will spread. The fear, of course, is that we are witnessing a classic “house-of-cards” or “dominos-in-a-row,” situation, and that the death of Lehman Brothers and Merrill Lynch will cascade into a generalized collapse of the entire consensus of value that supports mediums of exchange.
Unfortunately James goes on to support the Democrats – hey James, the system stinks and needs to be dismantled.
