Marcy’s fresh satire cut really close to the bone this time (if you’ve got flash try the VERSUS home page for best sound quality):
Funny how since, say, December ’01 the really serious issues have found refuge mainly among the comedians? And America faces no more serious issue than the present war against innovation being fought by the command-and-control freaks who are in charge of Western institutions. Do you think those half-dozen shadowy figures behind Assange haven’t noticed The Squid’s tentacles wrapped around Serge’s neck the last year and a half?
But this isn’t exactly new. Way back in the late ’50s, before he got his big break with telecom, Hal Geneen was senior VP with a key defense contractor and, except for the last-minute intervention of the then-CEO, would have extinguished the life from their best engineering group. Then Wohlstetter would have held a busted flush at S.A.L.T. and we’d be fondly remembering Reagan as the president who lost the Cold War. It was that close.
When the Four Martians took their leave from Budapest in the ’30s it was because individual freedoms were failing and racism was on the rise. We are presently in the early years of something quite similar, and if we don’t collectively smarten up pretty fast sometime over the next couple of decades the next Leo Szilard is going to quietly pack her bags and emigrate to East or South Asia. It’s not a prospect I look forward to.
My apologies, as I’ve not really been following housing finance trends too carefully lately. Usually something really nasty gets quietly unleashed this time of year, more often than not an expensive new socialization of some plutocrat’s stupid risk-gone-bad (for example on Xmas eve ’08 Canada bailed out the ABCP disaster, and a year later Geithner shoveled unlimited support onto the GSEs). As we’re barely two years into the generational long depression that must naturally follow on the financial Panic that climaxed the evening of 9/18 ’08, it’s hard to see how governments could possibly dig the present hole any deeper. But I suppose anything’s possible. Hope someone out there’s still keeping score.
Still, family’s the greatest treasure; the holiday season is beautiful and precious in any year. And as Hegel pointed out, periods like this are the prime incubators of great achievements in science and the arts. Just fasten your seat belts and hang on, it should be quite a ride.
UK House Bubble
Ohio Fraudclosure
Northern Virginia Housing Bubble Fallout
Bubble Meter
Mish's Global Economic Analysis
Breaking News Relevant Articles© Copyright 2012 Housing Doom | Copyright© 2011, AuthentiCraft, Inc.
Comments are now closed.