The People of Walmart, This One Leaves Me Speechless

The neck beard. From Missouri, not a big shock.

Holy balls of fire! You are the rooster king!!! Oh my dear sweet drooling, poopin’, crying baby Jesus that is one of the most bizarre things I’ve ever seen. I’m more in awe and impressed than I am angry you go out in public like this. Wow! Is that a neck beard or overgrown chest hair…you know what, I don’t even care. Either way I will follow you into the depths of hell.

Missouri

The Best Shooting You Never Heard Of...

...because the liberal media controls the information and the dialogue.

Thanks to Republican Mother. One of my all time fav bloggers. http://therepublicanmother.blogspot.com/2012/12/the-san-antonio-theater-shooting.html

FG Officially Goes Short, Equity Markets Should Sky Rocket

I couldn't take this insanity anymore. I've been out of the market for nearly 6 years. A market rallying on the back of more can kicking, more debt, and higher taxes?

I bought shares in an inverse (short Russell 2000) fund today. I also bought some put options. With no budget, no debt ceiling agreement, and no spending cuts, I just couldn't help myself. Tax hikes on top of Obamacare tax hikes? This is good news?

This ain't a fiscal cliff. This is an abyss. Our current debt to GDP is anywhere between 103 to 105% depending on who you ask. Our current burn rate (1Qfiscal2013) is annualized at 1.5 trillion with rising interest rates and 4 trillion worth of treasuries this year that have to be refinanced.  Do you really think this market can go up from here especially since the government just swiped 60 billion in discretionary funds? The last piece of "good" news came today.

So I did the only thing a good contrarian can do when the market is up ridiculously. I sold it short.

They (the Fed) are furiously injecting cash and monetizing the debt just to keep this zombie market afloat. And even corporate America is out of tricks. I'd like to see how business can improve margins at the end of this manufactured bull market.. that would be a neat encore.

They need a Deux Ex Machina ending. That is all they got left.

From ZH:

And with that we can close the books on the first quarter of Fiscal 2013, in which US public debt grew by $366 billion, some $122 billion per month on average.

And Then Boehner Says...Go Fuck Yourself...

I'm not running a Disney style blog here- at least not yet.

First up....Harry Reid accuses House Speaker Boehner of running a dictatorship which was broadcast nationally. Showing the good sense of grown adults, John Boehner addressed the accusation in private. I gotta say, I might have done the same thing. From Jammie Wearing Fool. http://www.jammiewf.com/2013/boehner-to-dingy-harry-go-f-ck-yourself/


Last night I wrote a piece about the death of the Republican Party. This is occurring before your very eyes. The left controls the dialogue. The Republican Party is absolutely right that we have a spending problem except that it no longer matters who is right.

Just because you are the fastest horse in any given race, does not mean you are going to win. The mob is winning. The GOP has been marginalized, out muscled, and killed. Zombieland.

Here then is a clip of a Republican Representative that voted against the fiscal cliff deal last night. He is from Louisiana. It is proof positive that our politicians know exactly how bad this is and refuse to act. But the best part of this clip is the liberal news media interviewer. At the end, pay attention to how she labels him. That is how the media controls the dialogue in this country. She essentially marginalizes him  as a fringe element kook. The party of zombies.

GOP Folds Like Cheap Suit, Party Faithful Turn Democrat

Tonight the Senate and the House passed the fiscal cliff bill that raises taxes and doesn't cut spending enough to even notice. So we get this new tax increase along with the Obamacare tax increase.

The GOP simply folded up. But then, I always knew they would. I've been writing about it here at FG- for four years. http://www.cnn.com/2013/01/01/politics/fiscal-cliff/index.html

Truth passes through 3 stages.

Get this. The tax hikes will only raise 60 billion a year. Two weeks worth of government spending. Interesting but hardly uncharacteristic, no mention was made regarding the debt ceiling hike.

You'd think markets would sell off in dramatic fashion as debt continues to soar and more taxes means less investment income. Not so. In fact futures are absolutely soaring like this is the greatest thing that ever happened. More taxes, more debt. It's like living in some bizarro echo chamber where terrible news is somehow seen as positive.

I have been waiting to short this market. Thank gawd, I've been around a day or two. I couldn't short the market until this last piece of kabuki theater was over with.  http://finance.yahoo.com/blogs/the-exchange/fiscal-cliff-stocks-rise-rocked-213221114.html At the peak tomorrow or Thurs., I am going to get short. So after the big vote tonight I visited a couple of futures' sites along with Ace of Spades HQ just to see what they were writing. 

For years, I've been reading Ace of Spades. Ace is a great writer. Maybe the best on the web. Unfortunately, he is mired in some memory of the way things used to be. Ace can't figure out that the GOP is dead money and like a good soldier- he keeps fighting a losing battle. Ace is in love with the illusion of conservative values- an illusion that the GOP no longer represents.

I've listened to Ace and his followers bash libertarians, offer up rich and elite ass clowns like Mc Cain and Romney as Presidential candidates, and then lose elections. Why? Because they simply can't figure out that there isn't one shred of difference between the GOP and the Dems. Both parties have been selling the citizens of this country out for 30 years. 

Only the GOP is getting the worst of it. They are the party of old man whitey. They want to tell women  and everyone else what to do and how to behave. The rich and elite want to pay poverty wages and no taxes. The majority is sick of that shit. And old man whitey is now the minority. In a mob rule democracy, the minority feels the pain. The GOP is the minority and permanently. Only Ace's side can't figure that out. I suppose because his entire site is devoted to the illusion of a "conservative" GOP.

Here's the best part. As much as I hate the cowards of the GOP, the Dems are even worse. But unfortunately, for now, they are in charge.

Next up, gun control. It's like a nightmare that won't go away.

I don't want to spend the rest of this year kicking a dead horse. If the GOP faithful want to sit around and pray for a comeback, who am I to stand in the way? Like buggy whips and rotary phones, the old version of the GOP ain't coming back anytime soon. 

All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.

Arthur Schopenhauer 

41 Dollars Worth of New Taxes, 1 Dollar of Spending Cuts

Here's the grand work of our "leaders."

Wow. You just can't make this shit up. It just gets worse and worse. http://www.breitbart.com/Big-Government/2012/12/31/Fiscal-cliff-deal-41-1-in-tax-increases-to-spending-cuts-ratio

No debt ceiling hike, no real spending cuts. Nothing but added debt, more government thievery and confiscation, and wasted time.

That they can do this, keep printing money and buying mortgages and treasuries beyond a trillion a year, and still keep the lid on the precious metals markets via JP Morgan- is a testament to the extent of the manipulation that the Fed and our government are engaged in.

I Don't Know How They Keep Doing It

January 1. Bah humbug.

I rang in the New Year by going to bed. I do this guilt free each year. Of all the worthless holidays, I rank New Year's just above Columbus Day and right below Halloween only because I like kids.

I celebrated New Year's Eve just like I do every other night- by going to bed. My neighbors fired off mortars as though there was some cause for celebration that required loud explosions at midnight. Unfortunately, alcohol has never fueled an over abundance of great ideas- here or anywhere else.

Loud explosions tend to wake me up and as such, I found myself surfing the web. The news it seems never changes. The liberals want tax hikes, the conservatives want spending cuts, Obama runs his mouth- Congress does virtually nothing. http://politicalticker.blogs.cnn.com/2012/12/31/details-emerge-in-fiscal-cliff-agreement/?hpt=hp_bn3

Congress, in this case the Senate, loves to run around pretending like they have actually accomplished something. It is as though you have a 9 year old son who expects great accolades for getting dressed every morning. We pay these people a tremendous amount of money to do something- I just don't know what the fuck that is anymore. 

We are entering YEAR 6 of the economic meltdown. 

The problem of course- is that we are mired in a tar pit of debt that we cannot escape. It can only get worse and so it does. With an apathetic, self centered, and cowardly electorate, this cannot possibly change. I shudder to think that we now have another 4 years of the leaderless group exercise to endure. At the conclusion of 2016, we will have had 10 YEARS- or one full decade of this.

It begs the question. How long can we keep writing about this? Are the big guns like Yves over at naked capitalism or the anonymous writers at ZeroHedge going to regurgitate the same old rhetoric- year after year after year? At what point do we all just say, "fuck it?"

Maybe we are mired in as well.

Personally, I don't know how the blog authors keep doing it but I will say this. My education is somewhat complete thanks to them. Many of the things I have learned and confirmed happened at places like "ZeroHedge", "naked capitalism", or the "Golden Truth."  

How long can you keep writing about a landscape that never changes? How long can banks continue to manipulate equity and commodity markets with a never ending supply of fuel from the Fed? 

I don't know. It's as though they have found some toxic fountain of youth.

The bastards are grinding me down.

I like to write and as 2013 begins, I may change my writing focus and delivery. I gotta switch gears soon. Imagine watching the movie, "Groundhog Day" over and over again, every day. You'll understand where I'm at.

"I got you, babe."