Aired on the Doomstead Diner on December 18, 2014
Discuss this Rant at the Podcast Table inside the Diner
Run, Ruble, Run…
…In the matter of a couple of days here, the financial INSANITY game being played has gone from senile dementia to psychotic, and instead of gradually deteriorating to the point the various players in the game can’t remember who they are, instead they are all out there on the financial markets suffering all the classic sypmtoms of schizophrenia, Delusions, Hallucinations, Disoraganized Thinking and Speech and assorted other Negative Symptoms. For example, the person appears to lack emotion, such as not making eye contact, not changing facial expressions, speaking without inflection or monotone, or not adding hand or head movements that normally provide the emotional emphasis in speech. Does this sound like Super Mario Dragon making a speech or WHAT? LOL.
The rapid Insanity escalation hasn’t occurred in the Yen Basket Case or the Euro Fruit Loops, no instead it SNAPPED with the Ruskie Rouble. In the last 24 hours or so, first all trading was halted in the Rouble, and then shortly after that the Ruskie Credit Card was cut off from virtually ALL liquidity from the Western Banking system, which essentially renders the Ruble worthless outside of Mother Russia. If you have a pile of Rubles in your Swiss Bank Account, they are about as good now as Confederate Dollars, anywhere outside of Mother Russia anyhow…
For the rest, LISTEN TO THE RANT!!!
Note: For non-native speakers of English and Diners who prefer to read rather than listen, the transcript of this Rant will be available HERE on Saturday. Remind me if I forget to publish it.