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Archive for August, 2012

The Joy of National Default

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by Dmitry Orlov

At 78 pages of scholarly, somewhat jargon-laden prose, Trade-Off: Financial System Supply-Chain Cross-Contagion by David Korowicz is not quick reading, nor is it light reading, but it is important reading. It puts a lot of definition to the concept of cascaded failure, in which financial collapse inexorably leads to political and economic collapse with no possibilities for arresting this process or even altering its course. This may seem like a terribly pessimistic message, and, indeed, it is hard to imagine that it would provoke a cheerful reaction in any sane person. But for those who feel that it is important to understand what is unfolding, Korowicz offers a large dose of realism. Still, a fair warning is called for: “Abandon all optimism all ye who enter here!”

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The Joy of National Default

[ClubOrlov]

Written by testudoetlepus

August 2nd, 2012 at 1:36 pm

The Education of Gore Vidal

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courtesy of American Masters

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Gore Vidal and the Unfinished American Revolution

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Gore Vidal loved America in the way the best of the founders did. Indeed, he seemed at times, to be the last of their number—a fierce defender of the purest, most revolutionary of ideals at a time when the contemporary political class prattled on about constitutional principles they neither understood nor valued.

Gore Vidal and the Unfinished American Revolution | The Nation

[RealityZone; A New Era ?]

Written by testudoetlepus

August 1st, 2012 at 8:42 pm

Posted in Change,End of Empire

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