Yet another financial bombshell to hit the world markets.
Lehman Bros falls, causing a tidewave of job losses and billions of dollars lost.
Millions of peoples mortgages are now up in the air.
It isn't the first and it aint gonna be the last.
Apparently 'AIG' and airlines Air Berlin and Air Italia are due next.
Mass unemployment is coming.
In the U.K this is called the 'Credit Crunch', to me this sounds fairly tame.
To me it should be called something grander, like 'The Reckoning' or 'The Peak Oil Disaster'
I suspect bread will be £2 / $4 dollars a loaf tomorrow?
The banks are running out of money, the airlines can't fly because they can't afford the fuel, and Kevin Keegan has left Newcastle United.
What a sad state of affairs we are now in.
Its all about 'Peak Oil' people, and its kicking in and biting everyone on the ass.
Search my blog for my article on 'The End of the Oil Age.'
This is what is causing it all and you better be prepared, because the next couple of years will be a bumpy ride. Strap yourself in, and be prepared, because those who are not will be the first to fall.
Get out of whatever debts you have, and spend what money you have wisely, you may need every dollar you have soon!
Cover your arse, thats all I am saying.
Does it affect you, have you felt it yet?
Or will it all settle down soon, i'd like to know your comments?
Have we hit a peak of global consuption, or have we still got more Ipods and Plasma screens to buy?
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