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Bill H
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That Dreadful Day

- James Howard Kunstler -

Because so many people are dependents of the current system by way of benefits, social security, medicare, WIC, etc., even some of the staunchest conservatives and libertarians when it comes down to it are unwilling to do what is necessary to clean up the mess. It will take a complete and total failure before rebuilding can take place. Unfortunately this is what the extreme left and radical socialists are hoping will happen since they can blame the failure on capitalism and rebuild the country into a socialist utopia.

He's right. Collapse will happen and it will not be pretty.

Sherlok

Commented 4171 days ago

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Beginning of the headline :For the moment, the trend seems pretty clear. Money from far and wide rushes into the US stock markets because every other conceivable place to stash money produces no return, no interest, no increase, at a time when the value of central bank currencies is slip-slidin' somewhere south of Palookaville. The rush into equities gooses equities increasing the rush, goosing the goose. Consider, however, that trends by their nature must last longer than the moment to be trends in the first place. One t... Read More

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