A very, very important post from Naked Capitalism that sheds some much needed light on why the mainstream media is stuck in a morass of group think when it comes to identifying the most important (and by important I mean on a civilization defining level) issues of the day and reporting on them.
The response by the G20 and the central banks of the world to the credit freeze of 2008 was but the equivalent of switching the runaway train that is our global financial system to another track and slowing it down a bit but it is rapidly gaining speed and the track we are on runs into a wall…. There is no question we will hit that wall.. the only question remains when? The boom bust cycle has been oscillating at an ever increasing rate since the 80s. THERE WILL BE ANOTHER CRASH and it will be MUCH WORSE than the one we have barely gotten out of. The mainstream media have started to raise alarm about this but only oh so mildly… Meanwhile very worried people in very high places are throwing everything they can at the wall and nothing seems to be sticking… Banks should be dismantled and people should be going to jail but no one in Big Media has the clout or the incentive, really, to push the authorities to apply the maximum powers of the law to redress the crimes that have been and are currently being perpetrated, essentially, against humanity.
All I am asking is: Don’t be surprised when it happens. And don’t be surprised when the body count starts rising.. not necessarily in North America in Europe, but then again, in North America and Europe if necessary.