Momentum is building while we get a surprise visit from Bush today. Sticking his head out of the hole in the east end of the White House lawn (where the hell's he been hiding the last 6 weeks?), he reassured us how the nation's underlying economic fundamentals are strong despite the abysmal abyss the rest of us are presently sinking into at lightening speed.
The administration is just trying to hold off the angry mobs until January 21, 2009, when they and their Wall Street cronies can legally get the hell out of town; to be reunited with their booty spirited out of the U.S. Treasury the past 8 years in places overseas (any places over seas) that don't subscribe to international treaties against war criminals.
Meanwhile, next (of the 'biggies') in line for the guillotine: AIG and Washington Mutual.
From today's economic tome over at Urban Survival comes the following tidbit where an e-mailer wrote to inquire what all of these bankruptcies and other ominous economic factors looming larger and larger on the horizon mean for us:
No retirement account or prospect of retirement, to begin with. A semi-nomadic life among the ruins is a kind of worst-case, but a high enough possibility to have good all-weather clothing and broken-in hiking shoes. But again, I always over prep for things.
You can test your preps easy enough any time by unplugging your phone, turning off your power, not using your checking account or credit cards - and don't forget to turn off the water, too. If you can get by for 90-days to a couple of years in this condition, I'd say you're about as well prepared as you can get.
On the other hand, if you can't, then relax because you've got...let me see....20 days to October 7th.
I won't even begin to go into October 7th (as in some kind of October surprise?), but suffice it for me to say, if this past weekend without drinking water in the neighborhood for a couple of days was any indication, our future will be very bleak indeed!
Fasten your seat belts. This will be the most amusingest of amusement rides.