La guerre finance and demonstration Madison coming to a city near you

A retired teacher friend writes and says he is on the way to Madison to show solidarity with the demonstrators.

I see this scene as a movie, in black and white.

The labor unions and govt seem to me two cinema noir gangsters.

They collaborate on the heist of public funds until the final scene.

The jackpot turns out to be fake bills.

Then they shoot each other.

Both die in the end.

Have you seen this movie? Appears we are all going to see it very soon. Refer you to this week's cover stories in BOTH Barrons and Forbes on the coming and certain (muni) bond crisis. They can beat the drums in Madison, very entertaining, I love percussion music, but the markets will decide. Bankruptcy, and the shareholders, and the bondholders, and then the pension holders (and the dollar holders, i.e. all of us) will be reset at or near zero. Things that can't be so easily "reset," i.e. gold, oil, corn, wheat, anything "real," will stay the same, but the pricing of it in dollars old or new is another matter. We will be the new Uruguay or Zimbabwe. Or as someone put it, the USSA.

This movie will flash on Internet screens around the globe and will happen like the Mideast -- all in one day, like a blizzard or hurricane.

Just like the Wall St crisis -- greed all around: banksters, politicians, unions, public -- the "something for nothing" political party, and that includes all Americans (except Ron Paul), ends very, very badly. (We have a new mayor in Chicago today, the old one sold our assets for expenses, no one cared. Ho hum. Someday when the markets say "enough" we'll care.)

Mene mene tekel upsharim, we have been weighed in the balances and found wanting....