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Jake
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The Spectacle So Far

- James Howard Kunstler -

The fan has been struck by a lot of "stuff." Watch out for the final act which many have not anticipated. The Austrian School's flucht in die sachwerte or "escape to things of value" leading to a "crack-up boom" (katastrophenhaus) may focus itself on a run to the tallest midget. The US Dollar, GOLD, and the US equity market may be the target of foreign funds seeking refuge or the possibility of salvaging at least some value. I would not be shocked to see a blowoff top with the DOW reaching the high 20,000's fueled by refugee funds over the next year or so. Interesting times to say the least.

Commented 3178 days ago

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Beginning of the headline :Y es, there is such a thing as “the public,” a term that derives from the ancient Latin, populous (the people), via publicus (of the people), via old French, public — pertaining generally to the mass of adults dwelling in a polity, a society under (political) governance. In the USA, government is vested as a republic, also from the Latin, res publica, meaning the public thing, the vessel that contains the public. I present these terms to clarify how our society is cracking up. The American publi... Read More

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