I had horrible, terrible dreams last night. End of the world dreams. Me as an old man chipping at arrowheads while my savage grandchildren play nearby -- type dreams.
I know where they came from: the 4 hour Frontline documentary about the financial meltdown.
It made it clear that nothing has really changed, Wall Street is back to its old (new) tricks, and that another disaster is inevitable. Greece is essentially bankrupt, so to is probably Italy, Portugal, Spain, Ireland...et.al.
Obama blew it by making Geithner is Treasury Secretary. In a nutshell. Apparently, they bonded and thus lies the fate of empires.
Made me want to pull my money out of the stock-market; buy some shotgun shells, a year's worth of canned food, and seed stock.
But -- it also made it clear how extraordinary the lengths to which the government will go to keep the whole edifice intact. I'm thinking they've kicked the can down the road. I'm waiting for a clear sign before I do anything panicky.
I know where they came from: the 4 hour Frontline documentary about the financial meltdown.
It made it clear that nothing has really changed, Wall Street is back to its old (new) tricks, and that another disaster is inevitable. Greece is essentially bankrupt, so to is probably Italy, Portugal, Spain, Ireland...et.al.
Obama blew it by making Geithner is Treasury Secretary. In a nutshell. Apparently, they bonded and thus lies the fate of empires.
Made me want to pull my money out of the stock-market; buy some shotgun shells, a year's worth of canned food, and seed stock.
But -- it also made it clear how extraordinary the lengths to which the government will go to keep the whole edifice intact. I'm thinking they've kicked the can down the road. I'm waiting for a clear sign before I do anything panicky.