Another Magic Monday

It's time for Magic Monday again, my intermittent open post on occult theory and practice -- so ask me anything about occultism and I'll do my best to answer it. Any question received by midnight tonight Eastern time will get an answer, though it may be Tuesday sometime before I get to them all. 

With that said, have at it!

Here We Go

Two things happened today of note in the economic sphere. The first is that the US stock market posted a historic drop of 1175 points, on top of a 665-point plunge on Friday. 

The second is that the White House issued a statement insisting that "the long-term economic fundamentals are exceptionally strong." 

Those of my readers who've taken my advice and read John Kenneth Galbraith's brilliant history The Great Crash 1929 know what this means. That's exactly what the Hoover administration's flacks said as the bottom finally dropped out of the great boom of the 1920s. Then as now, the fundamentals were not strong -- the US in both periods had become a casino economy where frantic speculation temporarily papered over a severely dysfunctional distribution of wealth and a consumer economy that had been starved by inadequate wages to the working class. (A consumer economy can't prosper unless ordinary Joes and Janes have enough money to buy consumer goods without going into debt for them; it's a sign of the senility of our current privileged classes that this obvious fact somehow never sinks through their yard-thick skulls.) 

So it's possible, depending on how badly this latest round of crises gets mishandled, that we could be in for a serious economic downturn. Stay nimble, and watch for falling financiers...