Mar 08
17
Heading Into Crazy Times
We are heading into very uncertain times. It may be hard to connect why the failure of Bear Stearns is important to the mere mortals who aren't huge investors, but it is. The entire financial world as we know it is teetering on a knife edge. Economic analysts and pundits have been either in denial or beating the gong about this period for several years.
As this commentator says, there are two worlds: the one that they tell you exists if you watch TV and the one that really does:
“Fascism is
capitalism in decay.” That's what he calls the problem in the article. If the shoe fits, wear it.
Then there is this story that talks about the imminent collapse of the dollar. It might be thought of as the ranting of some conspiracy theorist except it is the thoughts of one of the leading economists in the world, Peter Schiff.
The place that I am glad not to be in right now is the US. Here is what someone in Canada has to say. Its about the high food prices that are following right on the heels of the increased fuel prices.
And of course you have to also look at the timing of some stories too, don't you. Fallon resigns and Spitzer gets outed. Amazing how the trash story gets the headlines and the important story gets moved on and moved out. Could it be that there was a reason for that? This blogger thinks so…. and ok, he thinks that there is the hand of Mossad behind it… so what. It doesn't make me a conspiracy theorist for thinking that he may be right!