I have some good news for our maximum leader,George W.Bush, who searched in vain for WMDs under his desk at the oval office sending the assembled worthies of the Press into hysterical laughter.
We can now state that the real WMDs have been found and they were made right here at home and dispersed through the entire planet by a process called conning the world.
The WMDs I am talking about are called Credit Default Swaps (CDSs) which are huge bets taken by big financial houses and wannabes like AIG on everything from whether Lehman Brothers can survive to whether your local municipality can pay its bills.
According to one estimate, there are now 55 Trillion Dollars worth of such CDS are outstanding around the world ready to go off at any time dragging the world as we know it to its inglorious end.
As you ponder the implications of this finding over your sunday morning coffee,two quotes you may relish for their funny side up.
“The fundamentals of our economy are strong”– John Hoover McCain.
“We have become a nation of whiners”– Punxatawney Phil Gramm.
