Sunday, September 21, 2008

9/11 of Wall Street

http://geo-dollarsense.blogspot.com/

The 9/11 of Wall Street

Do not look now folks but the towers are falling once more, only this time it is in slow motion.

In a sadistic twist of irony,
the Twin Towers, the symbol of capitalism,
are crumbling to the ground.

A circumstance seemingly incredulous in fact may be true;
the very definition of paradox.

The difference this time is the principles of a weak foundation, specifically greed, as the source bringing down the house.

What is being described as a very big day for Wall Street and the world is lesson learned by civilizations throughout history.

At present the conversation is how big is too big to fail?

Until this time, the scope has been limited to financially viable corporations concerned about fiduciary responsibility to its shareholders.

When you go to the video, it becomes clear the line has shifted to a scale of monumental proportions.

Talk about your bridge to nowhere.

Seven years have gone.

The memory seared in our minds.
Where we were on that fateful day, starring at the screen, wondering when the next shoe would drop
as we watched the next Tower fall.

The initial attempt at the structure was in vain,
the successful attack removed the symbol of strength, and now it appears the weed is being pulled out at the roots.

Therefore, the words resound throughout the nation, ‘you’re on our own’…

The ramifications of the fallout are exponential;

those whom had not are no worse off, those used to living the high life are taking a haircut.

By the numbers,
the three to five million unemployed citizens of the USA may have doubled overnight.

Now may be too early for a wake up call and
too late to set the alarm,
or vice versa.

The U.S. Financial Markets are learning a lesson
far too many people have been living far too long; distinguishing liquidity from solvency to regain stability.

Such is the success story of E-Bay, the masses raising capital to meet their financial means.

So at the end of the day,
when the dust has settled and the smoke has cleared
only one element stands alone:

It is an election year.
Don’t tell me it’s not worth fighting for…gjf

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