For some reason, I'm reminded of Terry Gilliam's The Adventures of Baron Munchausen, where our characters try to climb down to earth from the moon with a hair rope. When the rope runs out, everyone panics until the Baron hands over a new coil and tells the guy at the bottom to splice it to the bottom. When asked where he got the new rope, he said "I just cut it off from the rope at the top."

Greece rings a bell.

I just hope I'm around to watch the fall of the empire...

How can that not be flat out illegal? We have reached a point where our economy is being run without any rules what so ever.

Is the Pole Shift eminent? Because the banksters and govenments act like they could care less about the consequences.

The Russians sure think something's up:

http://www.whatdoesitmean.com/index1563.htm

It's hard to see how that is economically different from just taking a pass on a required contribution. Formally, it seems to present at least two problems: city debt that may not be properly authorized, and retirement fund investments in city obligations that may not be secure.

The city of Stockton, California, is expected to move closer today to becoming the largest city in the United States to file for bankruptcy. The city has a long-term debt of $700 million and has already laid off many workers, including a quarter of its police force.

Sorcha Faal? Really? Break out the tin-foil hats.

This is like my taking a cash advance on my credit card to pay the minimum allowed by the bank to pay down my $5000 credit card balance. What? How insane.