Manifesto Multilinko
Interesting links and notes on updates to my main website.

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Monday, October 06, 2008
all you need to know about the bailout disaster

The world's biggest and most dynamic economy has been erected on a mountain of debt from the national government on down to the millions of ordinary families with hefty mortgages and wallets full of maxed-out plastic. America bought its vaunted standard of living on credit, and trading partners around the world profited wildly from its free-spending culture. Now the bill is coming due.

It's going to get worse - Macleans - October 1, 2008

What happens when you use derivatives to invent 100x as much money as actually exists, and then "the bill comes due"?

As far as I can tell: KABOOM.

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