The ripples in the economic pond from the implosion/collapse of the Silicon Valley Bank are being experienced across the nation and around the world. Even those who've never ordered delivery are revisiting their belief in the Domino Theory and it hasn't been the happiest of times.
I don't pretend to know anything about finance from cause to effect. I can barely count to one hundred which is why I am always grateful our son, Patrick, became our financial advisor otherwise my retirement plan would have been WUD (Work Until Dead).
What I do find a bit deceitful and duplicitous are the public statements from a variety of folks intimating through their language, and exploitation of it, that the mess is some kind of an unavoidable natural-like catastrophe. That's a lie.
This wasn't a rockslide or a tidal wave or a hurricane; it was homemade, man-made avarice. The 'crisis' was caused by good old-fashioned greed, not The Almighty Working in Mysterious Ways His Wonders to Perform. Simply put, our all-too-human desire to get something for nothing, or close to nothing. To sell one another Mars Gas in drycleaning bags, sorry Firesign Theater, and tell each other they are pearls of great price. Thank goodness, no banker is left behind.
They say laughter is the best medicine. Let's see. Take two and call me in the morning.
-bill kenny
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