Da Bomb

Sharmeen is somewhat correct: I need to promote some good news.

Until then...a quick gleam of business topics recently points to a collapse, not seen since 1987. '87 was apparently a very bad year. And I'm getting that feeling again, like I should take out all my money in cash and buy a bunch of 'movable' bottles of vodka for black-market trade.

Last week this happened and capital had its worse losses in years. Massive stock-market losses mean bad business for you and me. Unless you believe that it leads to a rallying cry of the working-class, inequality goes up while corporate-press and government initiate a lockdown during economic crisis.

Essentially the first blast hit China when its government got wind the greed was out of control. This has been predicted in recent months, and the plunge in the market moved on to everywhere else in the world. Though some have rebounded they kept falling all last week in Asia, America, Europe and even steady Freddy's like Norway and Canada took big hits.

Though you (and every invenstor who believes in the system the way it is) might be tempted to think this is all a case of China fucking up and sending everyone into a temporary economic tailspin, the Asian Times argues it might be more that the North-American economy is on serious shaky ground. An economic collopse may be in the works. The US housing market is about to send record-breaking numbers into bankruptcy and pummel greedy banks and investors who got themselves in over their heads. The same could easilt happen in Canada and elsewhere - "never before have real house prices risen so fast, for so long, in so many countries".

I'm sad to say that even Venezuela might get the shaft. According to a Znet article, Venezuela is getting caught in the massive debt trap the US has perfected (though they are spending the money better). As well, Chavez is threatening to cut off oil to the US if they attack Iran. A fabulous move in my eyes except that I think the US is crazy enough to do it and if that happens, the Middle-East goes crazy, US loses oil, interest payments on its debt goes up bigtime, US is bankrupted over night and the world-economy is thrown into total chaos.