Remember the story of the ant and the grasshopper?
Check your portfolios, noble ants. Having a good day?
The bullshit belief (not just of the financiers, but of the American sheeple) that credit, consumption and growth are eternal is coming home to roost.
As for me, I remain a happily fiddling grasshopper. I checked my portfolio today. I carry it in my pocket. Looks the same as yesterday.
As a good anarchist my solution is simple: abolish the Fed, go back on the gold standard and hang quite a few bankers and politicians.
While you're at it, buy guns, ammo and and canned goods.
Greeks throw rocks; Americans shoot.
~ mce
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