EXCERPT FROM ELAINE MEINEL SUPKIS 9/11/08

"People who tell the truth are called grumpy and boring. This is why, universally, when there is an obvious bubble, few people will understand it is a bubble and thus, will do what all bubbles do: pop. By pretending there is no bubble, this allows all parties to continue with the obvious bubble. Indeed, at the height of any bubble, the people pretending there is no bubble will talk enthusiastically about how history has changed. The bubble will grow forever! This is a NEW PARADIGM. This refusal to accept any lessons of history is typical. Just like the US empire wanted desperately to imagine, it was different from all other previous empires---lessons of history are for others." AND... "The various players in international trade have been playing impossible games that get worse and worse. The status quo of the US consuming global output while paying for it with unsupported dollars is rapidly coming to a close. As always, the best way for any system to change is for the instigators of the instabilities to change, so it is here: ONLY THE US CAN FIX THIS BY KILLING THE STATUS QUO."