July 7, 2011 -- SEBASTOPOL

As far as I’m concerned we’re in it. We’re off the cliff.

It seems like overnight the world has crossed yet another Rubicon. The song of Collapse has modulated up a full key. We don’t know yet how many more modulations will come or what they will bring with them. It’s like entering ever-deeper circles of Dante’s Hell, without knowing how many circles still remain, how many more Rubicons have to be crossed before we will be able to say, “It’s over.”