Oct 29, 2011

An apocalyptic end to world’s biggest bubble

SAN LUIS OBISPO, Calif. (MarketWatch) — The theme: Repent. Haunting images of fanatical serial killers warning, “The End is Near, Repent!” That message seared my brain as the “Four Horsemen of the Apocalypse” rode into “Dexter’s” dark world, the Miami Metro Police cable TV series. Now duty calls Dexter, CSI blood splatter expert by day, serial avenger by night.

Yes, the Four Horsemen, again. The perfect biblical metaphor for today’s bizarre world, where irrational ideologies prey on us, driving America deep into a dark world we’ve seen before: Goethe’s Faust, Dorian Gray, Dante’s Inferno.

Are things worse than we think?

Evan Newmark talks to Euro Pacific Capital president Peter Schiff, who fears as bad as we think the global economy is, things might, in reality, be even worse.

How else to accept today’s bizarre plot line: A decade ago Republican George W. Bush took our great nation into a $3 trillion war on lies. Today that party is mindlessly controlled by a cultish anti-tax pledge made to lobbyist Grover Norquist and his Americans for Tax Reform group, who once proclaimed: “I don’t want to abolish government. I simply want to reduce it to the size where I can drag it into the bathroom and drown it in the bathtub.”

Yes, drown. Kill. Folks, this insane plot line has advanced into a no-compromise, scorched-earth vow to do everything necessary to drown the presidency and reinstall another conservative who will return America to the Wild West policies that sabotaged it in the Bush/Cheney years.

They’ve become a vengeful cult that will never back the president on anything, even their own job-growth policies. Will even destroy the economy to achieve their goals. They do not care about democracy. They want absolute control. And they’re succeeding.

America’s an addict, out-of-control, doesn’t care who gets hurts

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