Well, the game starts again. Those who have power in wealth, and wealth in terms of ownership way beyond their capabilities of managing it, lose that advantage. A skyscraper on the books at 300 million, becomes worth 2 million. The billionaire no longer gets his calls returned, because he too is busted. Slowly, but surely, the game starts again.
Unfortunately, those who were pushed form the top, or found the top gone as they got tantalizingly near it, lead bloody revolutions (never do the poor lead revolutions.) I wish there was a way to skip that step. A sense of humor helps.
Friday, January 7, 2011
What Happens After The Financial System Disintegrates?
Posted in busted, finance by John Wiley Spiers
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