Sunday, October 18, 2009

Did I Forget To Mention Goldman Blows Bubbles?

Cap-and-trade is going to happen. Or, if it doesn't, something
like it will. The moral is the same as for all the other bubbles
that Goldman helped create, from 1929 to 2009.

It's not always easy to accept the reality of what we now
routinely allow these people to get away with; there's a kind of
collective denial that kicks in when a country goes through what
America has gone through lately, when a people lose as much
prestige and status as we have in the past few years. You can't
really register the fact that you're no longer a citizen of a
thriving first-world democracy, that you're no longer above getting
robbed in broad daylight, because like an amputee, you can still
sort of feel things that are no longer there.

It's a gangster state, running on gangster economics, and even
prices can't be trusted anymore; there are hidden taxes in every
buck you pay.