Here is yet another warning about the coming hard economic times to come, this time from Home Depot co-founder Bernie Marcus. In the aftermath of the banking collapses he said, that the US is probably in a recession, which, if true, will soon have a kick-on effect for Australia, given its economic connections with America. "I feel bad for all of these people that lost all their money in this woke bank. You know, it was more distressing to hear that the bank officials sold off their stock before this happened. It's depressing to me. Who knows whether the Justice Department would go after them? They're a woke company, so I guess not. And they'll probably get away with it,"
On that he is certainly true; the system will let the major players walk. And, in the short term, that is, months, it is too much to hope for radical financial reform, although we must constantly be working to that, and keeping our eye on that horizon. But the first rule of life, a wise man once told me, is to survive, and I think we need to heed the warnings made by the capitalist elite, who have their fingers on the dying pulse of Western civilisation.