He opens his mouth and amazingness flies out on Chanel tweed wings. He never disappoints. He doesn’t fail us. Which is why, for reals, Karl Lagerfeld needs his own reality tv show.

So as you know, because it’s beaten over our heads every day, the global economy is in the sh-ts. Shockingly enough, even the luxury goods business has taken a hit and a new article in the International Herald Tribune examines the effect of the financial slump on style-obsessed France as the French, in typical French fashion, have taken the current crisis and turned it into a treatise on morality worthy of Moliere himself.

In short, many French believe that a return to restraint is one benefit of the downturn. No more ostentatious shopping sprees, no more label whoring, no more tacky extravagance. Tasteful and reserved over in your face obnoxiousness.

And Karl Lagerfeld agrees!

Chanel recently laid off 200 employees. Major news story. But Karl put his own spin on the situation:

"This whole crisis is like a big spring housecleaning — both moral and physical. There is no creative evolution if you don't have dramatic moments like this. Bling is over. Red carpety covered with rhinestones is out. I call it 'the new modesty.' "

The new modesty indeed.

So when asked then, considering the layoffs and the purse tightening, whether or not Karl will be more frugal with his own approach, he was like… please! Design on a budget? That would be demode:

"We have no budget, we do what we want and throwing money out the window brings money back in through the front door. The bottom line is that I don't deal with the bottom line. The luxury in my life is I never have to think about it."

Seriously, I love him. I love him so much I would work in his sweat shop and let him call me fat all day if he asked me to.

Click here for the full article – a very interesting read.

Thanks Sheri!

File photo from Wenn.com