Saturday, September 10, 2011

Karl Denninger goes off

This rant by Karl Denninger is good. Karl has been on the Armegeddon watch for a long time and I just hope he's not right that everything is a house of cards, but I do like reading his perspective. Warning, this will likely scare your pants off.

The catalyst at present is that Greek default begins the process that brings the whole system down and that govts are so weak now they can't prevent it. His thesis that the bankers and over-leveraged financial hucksters have scammed and skimmed for so long that they've killed the beast that they make a living from - and it's our own fault for not stopping them and letting them get away with it.

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