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The Drowning Pool

- James Howard Kunstler -

OK I admit that I had to look up the meaning of 'bedizened'

Commented 4454 days ago

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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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