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Jim C.
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The Drowning Pool

- James Howard Kunstler -

Kunstler is that type of hysteric that, seeing a cockroach in a kitchen, runs screaming out of the house in his undies urging the whole neighborbood be blown to smithereens.

Just last week he was lamenting that he was facing the knife for some unspecified malady and hoping the modern medical community would not fail him. Apparently he survived, by the expertise of modern civilization, and is now free again to wax eloquent about its demise.

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Beginning of the headline :News that that a swarm of termites deep inside the British banking system have been fiddling the interbank interest rates (LIBOR) for years in order to systematically vacuum a few billion pence off the exchange floors for themselves is the latest blow to the credibility of the global money system - and probably a fine overture to a looming climactic implosion of the gigantic, creaking, smoldering, reeking,duck-taped edifice of broken promises, booby-trapped hedge obligations, counterparty follies, central bank euchres, sovereignflim-flams, and countless chicanes too various, dark, and deep to smoke out... Read More

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