11/5/08

Debt Rattle, November 4, 2008: There Ain't no Cure

Ilargi: Yeah, stock exchanges are edging higher, how could they not? There's hope in the air, there'll be a new "leader of the free world" [sic bleeding sic] early tomorrow morning. And people everywhere, from Wall Street to Spent Soiled Syringe Alley, are so desperate for a sign of redemption that it would take some major disaster to get them to face reality today. And who am I to rain on their parades?

Obama will be elected the next president of the US, a country that was once the greatest nation on earth, and has now descended into depths from which it will never recover nor return. And if for some reason Obama loses, we will face, as early as midnight tonight, the worst domestic American violence in 145 years. Not something to look forward to.

Ok, Peacenik was still savoring the Obama victory, when Peacenik read Ilargi. This is some serious piece of financial doomsday writing. Not recommended for the faint of heart. Everybody knows that the world's banks are bankrupt. Everybody knows that the North American auto industry is bankrupt. Everybody know that insurance companies and pension funds are full of worthless assests that everyone pretends are worth something. On the other hand Peacenik walked through Toronto's entertainment district on Peacenik's lunch hour. Everybody looked happy. The restaurants were full. No sense of doom. Ilargi, Obama. Ilargi, Obama. Obama, Ilargi. Peacenik is all mixed up.