Default!

Greetings good citizen,

Chalk it up to ‘lag time’, no matter where you look today the main story is the same…and you know how I feel about ‘going along with the crowd’.

Which is my way of assuring you that you won’t find ‘more of the same’ here.

As far as I’m concerned, $4 a gallon gasoline is what has me spooked. I’m in the process of searcing for a new job and every time I pass a gas station the minimum acceptable wage rises.

Although I’m beginning to think I’m all through working for somebody else…If I’m going to ‘get a job’ I’m gonna have to make my own.

I’m also getting a little sick and tired of being the first one let go because I’ve got a few grey hairs and a pot belly.

At least I’ve got hair!

But I digress.

We need to rewind a couple of yards here and start again.

The collapse of our civilization proceeds apace. The various ‘like-minded’ financial sites are all…ooo, there’s that bad word again…anyway, they’re all ‘predicting’ that there is a second ‘leg down’ just around the corner.

The old double whipsaw of rising commodities and falling wages promises to put the economy into an unrecoverable tailspin that will crash the financial sector.

Repeat that one to yourself until it sinks in…“crash the financial sector”, “crash the financial sector”, “crash the financial sector”, “crash the financial sector”, “crash the financial sector”, “crash the financial sector”, “crash the financial sector”, “crash the financial sector”, “crash the financial sector”, “crash the financial sector”, “crash the financial sector”, “crash the financial sector”, “crash the financial sector”, “crash the financial sector”, “crash the financial sector”, “crash the financial sector”, “crash the financial sector”, “crash the financial sector”, “crash the financial sector”, “crash the financial sector”, “crash the financial sector”, “crash the financial sector”, “crash the financial sector”, “crash the financial sector”, “crash the financial sector”,

Okay, you got it?

Naturally, some of you need me to ‘splain’ it more clearly so there is no mistake what ‘crash the financial sector’ means. (To the average Joe in the street.)

You know the FDIC was founded to ‘guarantee’ all bank deposits, right?

Well, it turns out John Q. Public isn’t the only one with a ‘mountain of bad paper’ that he must ‘somehow’ make good on.

Seems the banks, through their ‘off balance sheet vehicles’, also have billions (if not trillions) that need to be ‘rolled over’.

If they can’t find a way to roll this debt over, they will be forced to default.

IF THEY default, it will result in the dreaded ‘cascading systemic failure’ hinted at in the parable ‘for want of a nail’.

Riding the razor’s edge right now is whether or not the scandalously greedy actually WANT their debtors to default.

There is the small matter of their being guilty as sin of high treason that they THINK bankrupting the nation will make go away, (if not permanently, at least long enough to make good their escape.)

Although the financial sector is globally interconnected, with many parts being held up by the flimsiest of pretenses.

I’d posit that once it starts to go they will be unable to ‘save’ it, even if they wanted to.

And right about now I’m not so sure they want to.

We seem to be looking at the classic ‘brick on the accelerator’ ploy, the thieves have long since abandoned the vehicle. Worse, by now they have ringside seats from which to witness the spectacular ‘ka-boom’.

As I have grown fond of saying, this is not a matter of ‘if’ but ‘when’.

Think about it good citizen, is anybody making even the most feeble of efforts to head off certain disaster?

Who will put the other HALF of our working aged population back to work?

Who will declare the ‘jubilee’ we so desperately need to put the economy back on a secure footing?

Who will remove the boot of the tyrannical owners from our collective necks?

I will.

But you know I can’t do it without you!

None of what’s coming is ‘necessary’, those who profess to be interested in ‘saving’ you are in fact only interested in saving themselves…

Wake up and smell the coffee good citizen, we’re going into the fourth year of this bullshit and they haven’t done anything!

Which is to point out that you are NOT expected to take the news of the financial sector’s collapse ‘stoically’.

They want bloodshed and confusion, and yours in preferable to theirs.

Thanks for letting me inside your head,

Gegner