The physical manifestation of the economic theory i have been trying to disscuss ad nauseum is now well under way.
The dow crashed through 7470.
The nikkie is about to test 1960 levels.
All banks are insolvent.
All levels of government are insolvent.
Most households are insolvent.
Most pension funds are insolvent.
Its like one of those homemade videos of a crowed bar when a fire breaks out from the local bands pyro technic show.
At first people see the smoke and flame and dont react,they stand stairing in amasment.
Then the crowd slowly turns and heads for the door.
Then as realisation sets in that there is not enough time to get everyone through the door,they panic plug the door and nobody gets out.
The dow crashed through 7470.
The nikkie is about to test 1960 levels.
All banks are insolvent.
All levels of government are insolvent.
Most households are insolvent.
Most pension funds are insolvent.
Its like one of those homemade videos of a crowed bar when a fire breaks out from the local bands pyro technic show.
At first people see the smoke and flame and dont react,they stand stairing in amasment.
Then the crowd slowly turns and heads for the door.
Then as realisation sets in that there is not enough time to get everyone through the door,they panic plug the door and nobody gets out.