The World Implodes

The Supreme Court of the US approved Fiat's rescue of Chrysler, ignoring secured creditors' petition and bringing the value of all US corporate bonds into question. If holding secured debt in a company is meaningless, bond holders no longer have a valuable asset, nor a junk bond, regardless of the supposed yield, American corporate bond holders now own only toilet paper. Pension funds, such as Indiana's which took the court action to forestall the Federal machinations which could hasten our collapse, are left in the lurch with one company rescued but so many nest eggs devalued. Obama's administration is going to inject more stimulus immediately to revive the moribund economy, what's a few trillion between friends? The administration is pushing the national health care agenda, projecting a one and a half trillion dollar cost to the taxpayer, which is of course, a low ball estimate. The socialized medicine bill will be named to honor liberal icon and failed amphibious driver Ted Kennedy. The Federal government is printing money like Wiemar or Zimbabwe, and this will generate inflation the likes of which America has never seen. A Slim Jim plant blows up in North Carolina after receiving a threat, recruits just out of basic training were gunned down in Arkansas on a visit to the recruiting office, urban governments try to keep the law abiding from guns while murders continue apace, government workers are surly as they no longer feel like employees but are our masters, and the police use capricious aggression that our founding fathers would never have tolerated to rapidly gain control of situations in accordance with their training which turns the citizen into an enemy and forces people into sheep-like compliance. Two commercial airliners made forced landings due to mechanical problems, and the cause of the Air France plane crash near Brazil remains a mystery (though there is speculation a faulty pitot tube may be implicated). People seem willing to endure an anal probe to fly when necessary but may be reluctant to board a death lottery. So as your grandmother is taken behind a partition for her invasive search, while Abdul who is a Pakistani "student" (wait, doesn't Taliban mean religious student?) is waived through security with his wild beard and traditional East Asian garb that could hide all manner of explosives because we can't profile anyone, is your life insurance paid up? Do you have a wheelbarrow ready for your trip to the grocery to carry your soon to be virtually worthless dollars in, when you are asked to put full faith and credit in government that at all levels, merits neither.