Adam L Beberg
beberg at mithral.com
Thu Feb 11 22:05:50 PST 2010
Things are getting fun now. Time to break out the popcorn...
China just pulled the plug on the global debt orgy, about time too...
More and more stories coming out that lending is just shutting down. No
way a sane bank will write a loan right now with assets deflating so
fast from houses to cars to machinery. If you're a small business,
The Fed (a private bank) are printing money like mad and handing it to
the bankers (themselves) as they flee the sinking ship. California and a
few other states and hundreds of cities are weeks away from failure, but
only if the Fed can print money fast enough. Social Security is dead
right now not in 2017, commercial real estate isn't even worth burning
down any more. Does anyone in Sillycon valley have a job anymore (22%
unemployment = no), because there is no rush hour traffic anymore.
Europe is a complete shitshow, with the Greeks striking to demand more
money for not working - I guess they ran out of burning Roman buildings
to fiddle to over there. Same Goldman bankers running Greece into the
ground it turns out. Tanking companies is no longer profitable enough so
now whole countries need to be taken down.
Long weekend ahead. Tuesday may be a good day to wake up and find out
the dollar is now just low grade toilet paper. How the fork they have
managed to keep the Ponzi scheme this long is beyond anyone's comprehension.
Now where's that popcorn...
Adam L. Beberg
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