Next to margin calls, short sellers and bank runs, nothing warms the cockles of my heart more than corporate bankruptcy filings.  ;D   What are cockles anyhow? ???  The pressure is building for a market crash on Black Tuesday, which coincidentally falls on October 29^th this year, just as it did in 1929.  It would be the perfect set up for the POTUS election on the following Tuesday, November 5th.  I can't think of a more perfect scenario for the arrival of SHTF Day, a day of infamy awaited by all Dedicated Doomsted Diners since we began the original Diner in February of 2012.  It's been a long wait, and perhaps we will at last be rewarded for our patience, my soul free to exit my current meat package and cash in my ticket to the Great Beyond, still with plenty of juicy fat marbled meat on the bones to earn a Prime Long Pig USDA designation from the Cannibals at the FSoA Dept of Agriculture.

Of course, actually calling this historic moment is a crapshoot, and we'll have to continue to wait a while longer, which is OK too.  I'm still enjoying following the daily progress of collapse, which is really a process and not something you can really pin to a single day, or even year, although sometimes with enough historical perspective later it can be narrowed down a bit.  Still, after more than 1500 years, pinning the Collapse of the Roman Empire to 476 AD with the fall of Rome in the Western half of the Empire doesn't really identify when the collapse began, or when it ended.  In some ways it's still with us in the deepest records of property ownership held in bank vaults in Switzerland and the catacombs of the Vatican by the Holy Roman Catholic Church.

For Industrial Civilization, collapse has been underway for a long time and in the FSoA you could point to a few moments as significant mileposts, the financial crisis of 2007-8, the collapse of the WTC on 911, the victory of consumerism and greed over the rebellion against capitalism and the back to the land movement of the hippies, best signified by the end of the 60s at Woodstock in the summer of '69, to name a few significant and symbolic events.  So even if Black Tuesday is a major milestone this year, it's unlikely all the lights will go dark the next day or the dollar's exchange value will fall to zero either.  Whatever happens, the trajectory is clear andthe pace of collapse is accelerating.  The end of the age of oil is on the horizon, and the sun is setting on capitalism, globalism and the control of the many by a tiny fraction of greedy billionaires pulling the strings of politicians and legislators and judges they own is coming to an end.  What follows will not be pretty, as nation states dissolve into anarchy, food becomes scarce and the vast majority of the current population die of starvation.

However, in the immortal words of Uncle Joe Stalin, you can't make an omelet without breaking a few eggs.  :)



https://www.marketwatch.com/story/corporate-defaults-are-happening-at-fastest-pace-since-financial-crisis-according-to-s-p-a2a096a6

Corporate defaults are happening at fastest pace since financial crisis, according to S&P