SPIRAL DOWN

Asked how he found a dollar the other day, a friend of mine replied, 'With a magnifying glass.'-- No wonder, as the dollar gets even smaller with each new passing day-- Today a new record low was reached against the Euro as the world continues to run away from the greenback-- The continuing up-tempo collapse of the Housing Sector bubble with its attendant waves of delinquent mortgage payments, increasing rates of foreclosure and devastating declines in property value wreak havoc in stock, bond, currency and commodity market psyches around the globe-- Refinancing a home that is now worth less on the market than the current owner paid for it is becoming next to impossible-- Downward goes the spiral--

Administration officials go about mouthing insincere damage-control platitudes about containment as hedge funds wilt wither and disappear on momentary notice and even the ebullient confidence once shown in the private equity takeover racket now offers a hint of wobble to its strut-- Previously greased by cheap and plentifully easy credit, the whole financial globalist economy is now endangered-- The decimated industrial manufacturing backbone of the nation flounders onward broken long ago by union busting ideologues armed with MBA's, caches of myopic mega-greed, quivers full of engineered slogans designed to expiate guilt engendered by the nasty rip-off of decent people by economic Darwinians-- Remember 'Win-Win' situations or the ubiquitous 'Rising tides lift all boats'--

No mention whatsoever of 'ebbing tides' and their deleterious effects-- The Chinese oracle, I Ching, avers that all gathering is followed by dispersal-- Unexplained in the aphorism is the power of the force or the time-frame which expedites the scattering dissolution but keeping with the Nature-as-metaphor theme which imbues most of the tract, some kind of allegorical wind might be involved-- A wind inducing fire-storm or drought, perhaps, which pays no heed to the totemic symbolism of such 21st Century dinosaurs occupying anchor desks at financial 24-hour news channels nor the charades of retro-fantasy embodied by the recent rock-concert-as-planetary-salvation indulgence either-- The wind may quickly ignite fast traveling conflagration or slowly inevitably shrivel the delusion of easy abundance to dust-- Water mixed by and with the driving force of wind bears a destructive potential of high order magnitude as the memory of Katrina, especially for those afflicted directly, can attest-- The question of bangs or whimpers is somewhat irrelevant and matters less and less as credit continues to become too expensive and everywhere the waters of facile economic power dry up--

With so many homes being lost to foreclosure, job lay-offs, etc., and so many standing for sale in deteriorating markets countrywide(prognostications indicate current inventory will idle for 9 months even as prices are repeatedly lowered), coupled with the rising gasoline/oil prices and the consequentially devastating rise in commute costs, education costs, food costs, and health costs, one would rather safely assume a commensurate rise in the number of boats 'for sale' especially those purchased by recently laid-off officers in the Financial sectors of the paradigmatic Service Economy-- Old Clinton, El Nafta, once arrogantly crowed that under his administration the business cyle had been mastered and we had all entered a new business paradigm which had eliminated the possibility of recession forever-- So much for the best laid plans of mice and men, not to mention, of course, the propensity for sitting presidents to endear us all with their delirium-- 'Bring it on.....!!!!'--


Will ebbing tides sink all boats?-- How about all SUV's??-- Not to worry, system apology-niks will be there to offer another sweet sounding illogical cliche to foster false confidence easing the depression that attends consumer joe's experience when he realizes his pocket was picked by the good hands people of Wall Street-- The 29% usury charge for the privilege of indenturing his daughter with their gold/platinum credit cards has driven his American dream to its knees, to the street, and to the soup-line-- Let's all hail the efficacy of the outsourcing of American jobs ably facilitated by Clinton and his toadie Al Gore, the planetary guru now bringing rock-n-roll to a field of dreams near you--

"Mission Accomplished!!!"--

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