Saturday, June 16, 2012

Big crowd gathering at the precipice

In my daily scouring of world news  I must have run into the word "precipice" at least a dozen times today.

"Brink" was pretty popular too.

Egypt is voting today and tomorrow. That puts us all on the brink of something. I'm not sure what.

Greece votes tomorrow. That's even brinkier than Egypt.

But we are "hurtling towards the precipice." That was either Bloomberg or Reuters, I can't remember.

Of course both Bloomberg and Reuters have a vested interest in scaring the shit out of us, so what does it matter?

Fact is, there exists a real world far away from the Reuters-Bloomberg world where real people do real things.

Grow potatoes.

Raise cattle.

Cut firewood.

Fix cars.

Build houses.

The champions of the Rumpelstiltskin economy want us to believe that without their magical paper-shufflers everything is going to hell in a hand-cart.

It is and it isn't.

If you're a million a year guy at Sachs selling derivatives to other million a year guys at Morgan or Citibank, ya, the sky is falling.

If you can grow potatoes or fix a car, you won't even notice.

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