Nobody Knows Anything (James Howard Kunstler)

[Tace]

James Howard Kunstler -- World News Trust

July 25, 2011 -- That sound you hear out there is spaghetti hitting the wall. Everybody wonders: will it stick?

The European Union lobbed a wad of kartoffelkloesse at a Greek wall last week. The thud was impressive, but then the darn thing started sliding down the greasy wall to where a gang of CDS counterparty wolves waited, snapping and slavering for it. And then there was a crowd of curious Germans in the alley, wondering who stole their precious kartoffelkloesse and lobbed it at the Greek wall, anyway. Grumbles were heard but, as yet, no mob action against the flingers of the purloined kartoffelkloesse.

Here in the pitiful tweet-sphere that contains the atomized remnants of USA governance, there is no such clarity. We don't know if that's spaghetti hitting a wall or the shit hitting the fan. But due to the amazing obduracy of the parties involved, the next sound you hear may just be the wall itself tumbling down, perhaps even the famous wall with the famous street attached.

All I know is that I dumped a largish bundle of 13-week U.S. treasuries Friday, a tad shy of the Aug. 4 rollover and moved the hypothetical cash into less freaky hypothetical foreign sovereign instruments. I found a great bid for the T-bills, too. The whole transaction cost me a buck. I wondered: what were these people thinking who bought this crap at just the moment in history when everything is flying into walls and fans?

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http://worldnewstrust.com/nobody-knows-anything-james-howard-kunstler.html

[OHdem10]

1. Those who choose to ignore history are bound to repeat it..

The Haves are so busy trying to get rid of anything
that might remind them of one our Greatest Presidents
they are sending our country into ruin. Too bad they
were able to influence the European Union into that
rightward turn years back and look at them now.

What are they all doing??? Asking for a bigger shovel
so they can dig us deeper in the hole rather than
stop, let's try to get out of this hole.

Yes, the right has even tried revisionist history
to destroy FDR Please remember for your own sake
FDR saved Capitalism and saved Democracy. He laid
the ground work for the most prosperous with fairness
period in history. He gave us a Middle Class.
No we cannot nor do we as Liberals wish to go back
but ignore the period --late 40s to 70 atyour peril.

Right now we are headed back to the Aristocracy
PRE-FDR DAYS.