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I've been hearing rumours for months, from friends who seem to know about money, that we should expect something nasty on the financial front. I was a bit skeptical, to be honest, but this latest from the Wall Street Journal's Marketwatch seems more than a little scary. Here's an excerpt:
"The Big One is coming soon, bigger than the 2000 dot-com crash and the 2008 subprime credit meltdowncombined. A huge market blowout. And as Bloomberg-BusinessWeek predicts: "The results won't be pretty for investors or elected officials."
After the global-debt bomb explodes don't expect a typical bear correction followed by a new bull. Wall Street's toxic pseudo-capitalism is imploding. Be prepared for a massive meltdown. Yes, already the third major bubble-bust of the 21st century, triggered once again by Wall Street's out-of-control Fat Cat Bankers. And it's dead ahead.
I'd say that wasn't very encouraging. Off to study The revelation to St. John the Divine as interpreted by Austin Farrer - Rebirth of Images, well worth the read.
Stockpile ammo and food,
LSP
Here's what St. Paul says, Romans 1:26-27:
"For this cause God gave them up unto vile affections: for even their women did change the natural use into that which is against nature: And likewise also the men, leaving the natural use of the woman, burned in their lust one toward another; men with men working that which is unseemly, and receiving in themselves that recompence of their error which was meet."
Presumably the Archdruid of Canterbury is busy apologizing for the Apostle at the fudge factory that is the General Synod; see the excellent All Seeing Eye for commentary. Myself? I find Gene's gay logic remarkable, and If you want a discussion of the arguments from a trad perspective, check out Robert Gagnon's site.
I tell you, it's enough to make me reach for m'gun(s) - but more of that anon.
Shoot straight,
LSP