Great News: No More Financial Crisis

Good News readers. Really good news. The global financial crisis, especially the one centered in the USA, is no more. Ben Bernanke, Tim Geithner, President Barack Obama, Paul Krugman, the IMF wonks , and every other big shot muckity muck financial “expert” and talking head says so.

You can now relax and wait for the recovery to set in and all will return to normal. The corrupt, self serving, brain dead leaders of the world’s financial system insist that we have nothing to worry about. The bubbles are under control, the unsubstainable will go on forever, and the con game is working at full court press mode. Wait! It’s even better than that. The bubbles are in the process of being reinflated and will become bigger than ever.

From James Howard Kunstler’s blog comes this further clarification of this exciting news:

“All this goes to show is how completely the people in charge of things in the USA have lost their minds. They seem to think this mass exercise in pretend will resurrect the great march to the WalMarts, to the new car showrooms, and the cul-de-sac model houses, reignite another round of furious sprawl-building, salad-shooter importing, and no-doc liar-lending, not to mention the pawning off of innovative, securitized stinking-carp debt paper onto credulous pension funds in foreign lands where due diligence has never been heard of, renew the leveraged buying-out of zippy-looking businesses by smoothies who have no idea how to run them (and no real intention of doing it, anyway), resuscitate the construction of additional strip malls, new office park “capacity” and Big Box “power centers,” restart the trade in granite countertops and home theaters, and pack the turnstiles of Walt Disney world – all this while turning Afghanistan into a neighborhood that Beaver Cleaver would be proud to call home.”

To learn more about the financial crisis being called off go to Kunstler’s Blog. Don’t miss it, James is in rare form today.