Economic descent continues . . .

Do I want to listen to this? No. Will I? Yes. Not to beware, or to be wary, but to stay aware, attuned to the (still largely) unconscious undercurrents of the collective. Meanwhile, see this, for a richly nuanced view of how to work with loss.

The Impending Undeclared Default of 5 Major U.S. Banks

January 30, 2012

by in the category Ellis Martin Report |

The following interview with Ellis Martin of covers in detail the impending undeclared default of 5 major US banks this week by the International Swaps and Derivatives Association.

This event has the potential to cause a second financial crisis that would require significant financial intervention. If you have time to spare, listen to this interview. If you don’t have time to spare, listen to it anyway.

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