9.08.2009

egg timer ticking

les vis:

When the proverbial ‘first matter’ hits the blades of the cosmic fan it is not going to be preceded by general news announcements delivered via radio and television. It won’t be coming in the form of an official letter from some government agency delivered in your post. Bob won’t be telling you at the neighborhood bar that the shit is going to hit the fan at 9:00 AM on this Friday morning. It’s just going to happen. Some will have early warning and that will be the one’s responsible for the event.

It is possible to have some ball park awareness of when the shit will hit the fan by observing the sequencing of world events. If you are the sort of person who does pay attention to things like this, then you know that the fleet of ships, trucks and railcars required to transport the shit have already left the various docks, warehouses and stations where it has been stored against the day.

read more @ smoking mirrors



UN says new currency is needed to fix broken 'confidence game'

Sept. 7 (Bloomberg) -- The dollar’s role in international trade should be reduced by establishing a new currency to protect emerging markets from the “confidence game” of financial speculation, the United Nations said.

UN countries should agree on the creation of a global reserve bank to issue the currency and to monitor the national exchange rates of its members, the Geneva-based UN Conference on Trade and Development said today in a report.

read more @ bloomberg



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