Monday, June 28, 2010

Happy Monday

Let's start the week off with a great quote from Jim Kunstler's jeremiad for the week:

...Earth to President Obama: there isn't going to be a next time. This time was enough to git 'er done. Wall Street - in particular the biggest "banks" - packaged up and sold enough swindles to unwind 2500 years of western civilization. You simply cannot imagine the amount of bad financial paper out there right now in every vault and portfolio on the planet. Enough, really, to sink any company even pretending to trade in things more abstract than a mud brick or an hour of labor. What's more, the cross-collateralized obligations between them are so vast and intricate that all the standing timber in North America could not be fashioned into enough pick-up sticks to represent the hideous death-dealing tangle of frauds waiting for the wing-beat of a single black swan to come crashing down...

Be aware of your surroundings. Enjoy the moment. Perhaps we muddle through the summer, drunkenly teetering on the abyss. The Collapse is coming, but angels watch over children and drunks and we as a nation have been on an historic bender for quite awhile now. Use each day to prepare yourself in some way - be it mentally, physically or with "stuff."

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