So, today should be the day when it all goes to hell. The end of the capitalist world as we’ve come to know and love (or hate) for the past decades.
Nikkei is down, Finland is down, Hong Kong is down 12%.. and as it is not only the stock markets that are in trouble, it’s the very life we are living, we will be in for some major changes.
In a way I’m happy. We should get back to basics, to communities, to REAL LIFE goddamit.
In the meanwhile, read the excellent Karl Denningers take on it all from last Saturday. Whomever is elected president of the US should hold the responsible parties RESPONSIBLE! Favourite quote: “A capitalist society is one in which those who make bad decisions fail and go bankrupt, not one in which those who fail are rescued by taxpayer money.”
Tin foil hat on, seat belts fastened… here we go!