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Wednesday, September 8, 2010

More Sunshine and Rainbows

You wanna really get pissed off?

What's worse than entering this country illegally, obtaining a false social security number, and qualifying for social security benefits? We owe you. And the only way we'll pay you- is if you leave our borders. That way we can send the money to another country never to see it again.

Congress is like a special ed class- only these clowns would find themselves at the bottom of the bell curve.

You simply cannot make this shit up. Your turn to read, I need some fucking aspirin.

Tuesday, September 7, 2010

Welcome to Another Pollyanna Day in America

First a quote from a very well written piece on Zero Hedge.

Perhaps the greatest misconception of all, especially in economics, is that bad news encourages bad events. That the truth is hazardous, and for the economy to remain healthy, the establishment must continue to lie. The presumption that our financial system is so dependent on our mass psychology is complete nonsense. The dollar is being fundamentally debased whether or not we blindly “believe” the dollar is fine. Our country is facing unserviceable national debts whether or not we force ourselves to think positive thoughts. The stock market is exceedingly overpriced and primed for collapse even if you and I ignore all the warning signs and drink margaritas on white sandy beaches all day with big dumb smiles on our faces. Two plus two equals four no matter what the psychological state of our society is. The facts are not subject to my “good vibes” or “bad vibes”, and if this is the best argument MSM pundits can make against legitimate alternative financial analysts, then I think they need to pack it up and leave the thinking to more adequate men.

I have a few friends that follow this blog. I spend about 40 hours a week on line researching and culling facts from bullshit.

Here then are my observations- we shall let football trump first.

Boise State is a very good football team. Fresno kicked the shit out of Cincinnati. And Utah State damn near upended Oklahoma. This makes for some interesting betting plays next week. Now sadly, onto the serious shit.

Economically, the world is bankrupt. Ireland is next to fall. The domino effect is coming. And while the eurozone tries to shore up each one of these collapses as they come- eventually the world's default currency, the dollar and the U.S., is going to face the harsh reality that we too, are bankrupt. If you keep throwing all available cash at collapses- you simply can't buy U.S. treasuries. Ultimately the default currency, like the others, is hosed pure and simple. Now all that remains are two questions.

When does the total collapse occur and how can you protect what assets you have left? How will you survive?

I can't time the collapse. And the reason I can't was illustrated perfectly in the first paragraph. The vast majority of Americans have been brainwashed and lied to. They have been duped by non-credible employment numbers, CPI/PPI, and GDP which includes government (deficit) spending. They have been duped by the mainstream media and a bunch of dipshit liberal journalism majors that can't balance a checking account. If you want to buy their propaganda, then you may happily join Captain Bernanke on the debt Titanic.

This is what I do know. Obama and Bernanke are going to the bottom with this ship. They are incapable of letting deflation rid us of this pending disaster. And while I can't exactly time the disaster, it is coming. And it will come fast and furious. It will collapse in a matter of days, just like Russia did. Remember the banks in 2008? I am going to go out on a limb here and say within the next two years.

Ok, now that we got that out of the way...I want you to think about the basics. Food, shelter, that sort of thing. Guns and ammo. Gold, silver, copper for currency. Do not tell anyone about your preparations. They will think you are completely insane and when you are proven sane, they will come calling.

These are some of the things I am considering now.

Convert 20-35% of your money into hard assets. Metals with actual possession. Gold stocks and ETFS cannot deliver the underlying assets. I am shorting all banking stocks. I am looking long commodities. Trying to find safe havens. Things people must have to survive. I do not think the stock market is safe from being cut down to Dow 3500 or worse. Screw utilities. Preparation is the key.

Is this doom and gloom? No. It is reality. One major critical event and we are gonna get shoved into the abyss. What will that catalyst be? Who knows? It may be a very simple event.

What is different from the old Great Depression to this new Great Depression? Why is this inescapable? Five monumental things have changed from GD1 to GD2. In order.

1. We no longer tell the truth in this country. We are the spouses who are being cheated upon. We just don't want to believe that our spouses are cheating on us. So we refuse to believe the truth. We want to believe these ministers of propaganda. Call them optimists.

2. We have no physical backstop, perhaps oil. The dollar is essentially worthless, devalued by the FED for 100 years. Stolen wealth. Nobody is required to accept it and all the dollars in the world cannot pay the debt. They simply don't exist and if they did, they would have no value anyway. Try taking a piece of asswipe into a grocery store and see if the clerk will accept it.

3. We have no capacity. In 1929, we had capacity. We had the ability to create and manufacture things. To create jobs. To turn GDP around even though we had to get involved in WW2 to help. (Financed by the way, like all wars, by the FED.) That capacity no longer exists. NAFTA in 1993 sent our capacity offshore.

4. The stock market is absolutely, 100%, manipulated. The flash crash in May proved this. Retail investors are running in droves. Seventeen successive weeks of withdrawals. A manipulated market run by computers, high frequency trading and algorithms, is a mirage. Designed to deceive you, untrustworthy, non credible.

5. The most important thing. Nineteen trillion dollars in debt. Unserviceable interest. I have included the losses of Fannie and Freddie within our existing deficit even though your government refuses to. Another 70 trillion in obligations coming due in the form of medicare and social security. God help us when interest levels begin to rise. And a bankrupt world will have no excess capital with which to buy our government debt. The FED is simply eating itself. Desperately trying to kick the can down the road, praying for a miracle that will not come.

That just about sums it up. Prepare. Hug your children. Live your lives. More doom and gloom at the link..

Now, let's get back to our Pollyanna lives. Fantasy football starts Thursday, make sure you draft your team by then. Today, I think I will go try to catch a fitch or two since the tourists are back to work...

Monday, September 6, 2010

Why Doesn't This Make Sense?

It does of course. In the twisted, apathetic, USSA. Not particularly weird given Obama himself is a bit of a mystery. Particularly in that whole citizenship realm.

"Fathom the odd hypocrisy that Obama wants every citizen to prove they are insured, but people don't have to prove they are citizens".

-Ben Stein

Sunday, September 5, 2010

Going Viral Bitchez

Every once in awhile I stumble onto something so clever or well done- that I just have to post it.

This is one of those things. It has nothing to do with this blog. If you are offended by profanity to the extent that it just ruins your day...I can't bear that kind of burden. Please do something else. If not this is one clever and catchy tune...