Monday, June 22, 2009

Betelgeuse


"Betelgeuse is nearing the end of its life as a red supergiant. The bright, bloated star is 15 to 20 times more massive than the sun. If it were placed at the centre of the solar system, the star would extend out to the orbit of Jupiter.

Sounds like US debt doesn't it, particularly considering the fact our massive debt has been artificially supported for years because of the reserve status of the dollar and the notion the US was a safe haven for foreign investment due to it's inherent political stability, notions that are becoming increasingly tenuous when Peak Oil and Wall Street Malfeasance are factored into the equation.

We are in very big trouble and it's time for Obama to tell it like it is. Doing business the same old way no longer works and a big time makeover on US governance is in order before it's too late. BRT has talked about this for quite some time regarding banks and how the Fed runs this country, statements proven to be true as seen by bank bailouts and the inability to audit the Fed while the US Treasury continues to send our money into a black hole never to be recovered.

To read a truly original take on the economy, click here to read Dmitry Orlov's amazing piece titled Definancialisation, Deglobalisation, Relocalisation. You will NOT be disappointed.

"Shake off all the fears of servile prejudices, under which weak minds are servilely crouched. Fix reason firmly in her seat, and call on her tribunal for every fact, every opinion. Question with boldness even the existence of a God; because, if there be one, he must more approve of the homage of reason than that of blindfolded fear." - Thomas Jefferson
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