The Abyss Stares Back

Suzan (of Welcome to Pottersville), posts some extended excerpts of recent writing by James Kunstler and Jon Ronnquist. Suzan's place has some very interesting perspectives on the "New Great Depression" we are entering globally and its definately worth a recurring visit.

Kunstler well describes the ongoing zietgiest when he notes: People are at least beginning to ask. Nature's way of hinting that something truly creepy may be up is when both Paul Volcker and George Soros both declare on the same day that the economic landscape is looking darker than the Great Depression.

Kunstler further advises us to get on with the "Great Contraction" that is upon us: Let the chumps and weasels who over-reached take their lumps and move into rentals. Let the bankers who parlayed these fraudulent mortgages into investment swindles lose their jobs, surrender their perqs, and maybe even go to jail (if attorney general Eric Holder can be induced to investigate their deeds). No good will come of propping up the false values of mis-priced things. To which I say, "Amen!"

As they say, stop by and read it all.