Think of this as Volume 18, Number 36 of the newsletter I have written weekly since March, 1997. Enjoy.
So far, democracy has won every time.
But when people are inside the crisis, it’s hard to tell that this will be the outcome. Until then, the crisis continues.
At this point it’s important to understand the nature of the current crisis. It’s not about the housing bubble, and it’s not about Democrats or Republicans. It’s about oil, which is in such artificial scarcity as to actually be the world’s currency. Those who have it have, since 1973, been soaking up the rest of the world’s wealth for themselves, and its political power, as the world runs on oil.