If you haven't already done so, check out what
Charles Hugh Smith has posted over the last week or so. It's really brilliant stuff. He posts one essay a day, and the title of today's post is "The Loss of Trust and the Great Unravelling to Come." I agree with his assessment that:
Anyone who believes the foreclosure crisis can be contained is deluded, because the real issue in play is the citizens' trust in their government's ability to govern the nation's Financial Elites according to the rule of law. Clearly, our government has failed its citizens--utterly, completely, totally, at every level of governance (Federal, State, local) and at every level of oversight and regulation.
Friday's post, "
The Normalization of Sociopathology in America" was also particularly good and is consistent with some of the things
Russ has been writing about over at Volatility about how true believer fans of Obama are exhibiting the same exact behavior they mocked when true believer fans of Bush exhibited it. The following sentence from Smith sums it all up nicely:
The depth of our own pathology can be measured by our resistance to admitting the systemic fraud, lying, entitlement and narcissistic pathologies in whatever slice of American society we value
