GM Is Officially Bankrupt & A BIS Japan Banking Report

 

The Bank for International Settlements released another interesting report this week.  It is all about Japan’s savings mania and how secularization of debts missed Japan, which is why Japan is still solvent, unlike the US and UK.  And Geithner is following Pelosi, going to China to beg and cajole China into becoming a consumer nation.  I guess, Hu needs some jesters to come and entertain him.  Bet he films all this for his own chuckles, later.  And GM is now bankrupt.  A terrible milestone we should all fear.

BIS REPORT ON THE ‘DOLLAR DEARTH’

EASY READING CULTURE OF LIFE NEWS:  BIS REPORT ON THE ‘DOLLAR DEARTH’ « Culture of Life News 2

I keep harping on the subject of imbalances.  This is a philosophical belief system that is very, very, very ancient: all things must be balanced or they will tip over and collapse.  But we dream of gods that can magically walk on water or make two fishes into many fishes.  We dream of flying like gods and we wish we could pry open the door to infinite wealth.  This is why the concept of ‘balance’ has to be taught.  We lived through an era that believed heartily, ‘Greed is good!’  But this is causing all systems to collapse just like gluttony kills our own bodies.