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dennyc
Member since May 2012
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Something Happened

- James Howard Kunstler -

Prior to the financial larceny of 2008 monumental efforts were usually made by the thieves to hide and/or occlude the depth and breath of their theft in financial scandals. Not so with 2008 as the fix was in from the previous administration (the setup), through the cock robin explanations of Big Hank Paulson (the con) and finally the resolution (laundering of the last act trillions). It's still going on. No one has done time and we've returned to the setup phase. The entire spectacle was almost elegiac from the heavy overtones of contempt, scorn and the naked aggression of the major players towards the people, the commerce, the future and the very existence of the United States as a 'democracy' and a nation. I would venture a guess that these same people are currently maneuvering us into a war of major proportions which they will conspicuously be absent for as they will obviously be too busy running their fingers through their take. It will be a very thorough and destructive distraction indeed.

Commented 3102 days ago

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Beginning of the headline :B en Bernanke’s memoir is out and the chatter about it inevitably turns to the sickening moments in September 2008 when “the world economy came very close to collapse.” Easy to say, but how many people know what that means? It’s every bit as opaque as the operations of the Federal Reserve itself. There were many ugly facets to the problem but they all boiled down to global insolvency — too many promises to pay that could not be met. The promises, of course, were quite hollow. They accumulated ov... Read More

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