Money Worries | KUNSTLER

`` As I suggest in the lede, apprehension is growing that some kind of "corrective" event is at hand on the financial scene. Even the supposedly salubrious 20 percent S & P drop could set off a chorus of margin calls that would make the trumpets of Jericho sound like a kazoo concert. What will Americans do if they can't get their money out of the banks? The last time this happened, 1933, we were a hard-up but polite and highly-regimented society, and the automatic rifle was a novelty restricted to a relatively tiny army and Al Capone's crew. ''