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Saturday, August 27, 2011

The Angry Class

Having traveled rare earth for a little beyond 50 years, I have something remarkable to note. The world is pissed off.

People are angry for a number of reasons. Often it is the usual suspects. Density, lack of money, government and businesses more than willing to exploit you for every last penny they can get. A medical industry where paying a fair price is incomprehensible. You will pay 10 times greater than fair...if you are lucky. Yet there seems to be something larger at work...

I have a hard time understanding the full scope of all of this. You see, I have no perspective. I forget that this is the United States. I become ungrateful- yet I know people are dying in other places. Hunger, lack of medical care and disease, violence. I think we are beginning to realize how lucky we were. How spoiled we had become. We are now trying to adjust. It is difficult for us because once having had all of the luxuries that we have had and now losing them- is far more difficult than never having had them to begin with.

That's what's pissing everyone off. We are spoiled brats. Entitled. We thought we were entitled to that paycheck, that standard of living forever.  And now somebody has jerked the rug out from under us. Gone are those dreams of traveling the globe with a monthly five figure income to smooth out the trip. Unloading our houses for 10 times what we paid for them. Governments squeezing every bit of property tax they can from us.

I understand all of that anger. I see it splattered everywhere. A lot of it occurs in comment sections. Angry people lashing out. They aren't really bad people- they are just temporarily insane. They bought off and trusted things like the government or their friends. They spent 100k on a four year education and now they can't get the job they want and they can't pay back that 100k. 

I was once a full blown member of the angry class. Truth is, I still am a little bit. But you can't live your life being angry. You can't swallow that poison and then hope someone else dies from it. Anger eventually manifests itself on some alluvial emotional spillway as depression, hopelessness, perhaps apathy. It will make you sick. You and the people who love you will suffer. Nobody will rescue you. That is your job.

In 2007, I set about the task of removing all of that vitriol. It was slowing killing me. I found the solution. I cannot overstate the power of gratitude for what I have today rather than the anxiety of wanting things I will never have. Or getting them and realizing I don't want them. Those expectations lead to a lot of frustration. Today, I understand the angry class. I remember my roots. I also remind myself just what a slippery slope that is. A couple of bad steps and sliding to the muddy bottom becomes a distinct possibility.  The world is more pissed off and angry than I have ever seen it. The angry class ain't shrinking. But it will. One way or the other, it has to.

Friday, August 26, 2011

Those "Experts" On Gold Now Eating Crow, It's Every Dog For Himself

Watching gold track up nearly 31,41, now 51 bucks today. Back over 1800. Noting that CNBC does not have any Wall Street lackeys on today proclaiming the end of the gold bubble.

Telegraphing margin hikes before they actually occurred is absolutely criminal. The Comex aka the Crimex leaked rumors, then hiked margin rates on speculators who did not have the cash to cover and were forced to sell their positions in gold. The big players were unloading as though it was well published fact. It is truly that simple. No bubbles. Just the same old game. Drive precious metals prices down by raising margin requirements on paper futures prior to the settlement date- today. 

I noted that Bernanke essentially said nothing today. I suspected that would happen. Bernanke is screwed and running out of options. The options left to him are going to have significant consequences and his theories on the Great Depression are proving false. QE3 in any way, shape, or form will not do anything except ignite hyper inflation. QE3 will officially announce the death of the dollar. And all of this just prior to the 2012 elections. You can bet a desperate Obama will have his boot on the chairman's throat. Both men doing what they do best right now- vacationing.

I think the spectacular news of this week was Warren Buffett bailing out Bank of America on behalf of Obama. Proof positive that Bank of America is insolvent. Further proof that the elite, bankers, and politicians are all in bed together. Buffett and Obama meeting prior to the deal. Wouldn't you love to get a guaranteed 6% return on your money? Where can anyone get that rate of return now? Well, this is how you do it. Catch a desperate and and willing President. He cannot do a private B of A TARP or he will get lynched by voters. The giant zombie bank is circling the drain and threatening to take the whole banking system with it- Have at least 5 billion to throw away. Get the government to promise that taxpayers will backstop your investment. Promise to host a big fundraiser with all of your elite friends for the President. Crony capitalism in your face. Everyone wins except those stupid taxpayers.

It was an interesting week. Most numbers were bad, except durable goods. Everyone is kicking the can down the road just past Nov. 2012- and hoping for some miraculous recovery that cannot materialize. Nobody has the personal courage to act selflessly and in the best interests of this country. It's a dog eat dog world and all one has to do to prove that theory- is to watch what our President does.

I am working on a very useful essay on how to keep your sanity and prioritize what is truly important right now...I think you'll like it. Trying to have it up by morning.


Thursday, August 25, 2011

Cell Phone Economics

For the record, I don't like cell phones. They are distracting, annoying, and intrusive. I am not stretching the truth when I tell you that they have killed people. But the Moonbats seem to like them- they are in vogue like pot, booze, and central planning- so it doesn't appear that cell phones are going to be declared illegal and regulated any time soon. 

Having said all of that- I cannot live without a cell phone.

So yesterday after my 5k run on the conveyor belt with the other zombies at the Y, I put a bottle of water in my saddlebag along with my cellphone. I forgot about these two enemies. After a few hours and not hearing my phone ring, I went outside to retrieve the phone. There it was soaking in water. Ugh.

I removed everything and gave it the blow dryer. I put it in a bowl of rice. Tonite, I will make one last attempt to resuscitate the device. In the meantime, I made the walk of shame to the AT and T store. I told the truth. No insurance. The kid behind the counter told me too bad. New phones are 240 bucks.

For the record, I don't like AT and T. They are crooks. In fact, I have filed a complaint against them, a bait and switch thing after they evaporated 5000 roll over minutes. I won, kind of. Now it costs me nearly 100 bucks a month for a phone without data. My blood is still boiling. My "contract" is a full  year from expiring.

Why are we charged separately for calls and texting? Aren't they essentially the same thing? Of course they are. These bastards just found one more excuse to gouge us an extra twenty bucks a month.

Do you remember the good old days when businesses provided a decent service without a contract? Where a fair profit was a 25% return on capital after costs? Those days are over. Now it's just monopolistic predatory businesses trying to wring every last cent they can out of you. The networks are up and paid for, prices should be falling but alas they are not. For the cost of a small car payment, you can have a cellphone. Here's a sweet piece on AT and T's monopolistic tendencies.

Verizon is not any better. In fact, all these two need to do is price fix. Their prices are nearly identical now. 

It's going to cost me a little over a hundred bucks to get out of my contract. I am going to do it. I was looking at Boost Mobile today. They actually have a program that only costs 35 bucks a month for timely payments. No contract. The downside is that coverage areas and data retrieval are horrible and that stuff does matter in the western boondocks which I call home. What do I gain? About 65 bucks a months or 800 dollars a year. Ninety percent of the time everything else will be the same. Ten percent of the time, I will be inconvenienced while traveling. Or roaming. I guess if I hate the thing, I can always toss the phone out- someplace where the Moonbats tell me it's ok. Maybe with the plastic recyclables.

This phone thing is getting out of hand. I think we are very close to the peak cell phone- maximum gouge. I am a spoiled consumer. They know they got us. Now if you'll excuse me, I gotta go check this bowl of rice I have on the counter.

Hey Californians! How's It Like To Be Labeled the Dumbest Voters in The U.S.?

Well, we always have the beach and our medical marijuana cards.

From the Left Coast Rebel. Seems even the Garden state has had enough of Obama.

You Cannot Make This Shit Up- Obama Bailing Out Striking Verizon Workers

Once a statist, always a statist. President Obama, not intelligent enough to stay out of labor disputes, is now going to backstop striking workers. This is nothing other than pandering to the electorate. Wow, this guy will try anything. Linkeration:

Common Law Gives You the Right To Resist an Unlawful Arrest

The problem is- it takes a little courage and you had better know the law when it occurs.

On a tip from RawMuse, I've embedded the following piece of video. It is one of those things that makes you shake your head. The police officer involved is one of those nasty little insistent bastards that public officials love. They do what they are told irrespective of the law. I wasn't one of these guys. My knowledge of the law was pretty extensive and I didn't let anyone tell me to do something that wasn't lawful. My unwillingness to yield to that, even from my bosses, caused a little animosity.

I want to say one last thing about this video. I want to talk about illegal seizures and damages. If you are lawfully where you are at and you are not breaking any laws- then you cannot give up your camera. Because if you do this, your damages are so small that you can't even litigate over the seizure of your camera. If however, you politely refuse and tell the police officer that if he wants your camera he is going to have to arrest you while holding it- then the real damage meter starts. Illegal and false arrests are usually worth a minimum of 25,000 bucks a day and up. I have seen risk managers pay that amount rather than go to court. Sometimes, suing the police is your only recourse. It helps a lot when someone else is filming it and documenting it like they did in this gymnasium.

Pay special attention to our female camera person when she asks what law she is violating. A savvy cop would have researched the law well in advance. Listen to this young uns answer.

Nothing Tickles My Ass More Than the Statists Whining About Their Statist Government

The best thing about the Keynesian experiment is that it is nearly over. In only 20 years time, a relatively small amount of elected people have brought this country to it's economic knees. And it's just going to get worse. From this year forward, the deficits grow, the entitlements grow, inflation, and interest on the sky high debt will grow. We don't just have zombie banks. We have a zombie country.

In Moonbat Valley, the statists have been trying to re-locate and build a new airport for over a decade. It has been a war. North Moonbat Valley wanted the airport to remain where it was. South Moonbat Valley wanted the airport out of their back yard. The local elected statists and South Valley Moonbats have managed to move the project forward and identified a couple of potential airport sites about 20 miles away. That was five years ago.

Here's the best part. The same nanny government that told Moonbat Valley that the airport would no longer be compliant with larger aircraft via the government's FAA...has now declared the project dead until the government (environmental impact studies, the EPA/Obama version of the SS) environmental impact study can be completed. They put it on eternal hold. It's already taken them half a decade to accomplish nothing. Layer after layer of government bureaucracy, red tape, and regulations. The government, so adept at finding problems is even more adept at creating new ones. Wasting years and millions of dollars. And don't think for a second that the billionaires of Moonbat Valley haven't slowed this process to a crawl as they remind people in politics where those campaign contributions come from.

Here's a fun fact. The land adjacent to the existing airport is owned by the Eccles family. The David Eccles, Marriner Eccles, Spencer Eccles family. The same Marriner Eccles that was the Federal Reserve Chairman and the one they named the FED Reserve bank building after. He was a huge supporter of Keynesian economics! The estate sold a few acres to the airport for something like 4 million bucks a few years back. FAA money. This family is old money. Maybe the airport is cursed.

The Moonbats deserve every minute of this torture. This is the government they wanted. The one they voted for. Don't come here looking for a Kleenex. Here's the story. Note the government efficiencies in the main part of the story.

Apple's Jobs Stepping Down; No Shortage of Psychopaths On The Big Mesh

I've known for quite some time that Steve Jobs has been gravely ill. I knew it because we have mutual friends who have mutual friends. Weird how small our world really is.

Last night I had the misfortune of reading a couple of online articles about Steve Jobs. There they were in the comments, all those sick, twisted, angry folks saying things like they were happy to see Jobs dying. Reminding me of just how sad humanity really is. I was going to cut and paste a few of those comments but nobody needs to read that shit. I don't want to give it life support. On one site, I got so angry that I let the sociopaths have it.

When I was a young teenager, we had this crazy football coach in Butte named Coach Patrick. The man was nuts. You could yell all kinds of things at opposing players and teams but if you ever said something like "kill them" he would literally kick you in the ass and then chew you out. He simply did not allow any homicidal talk- even figuratively. I don't know why. I do know that he was the hardest working, "winning-est" coach in that part of Montana. Coach Patrick is part of the fabric of my life. For whatever reason, no matter how angry or vengeful I have ever been, I do not wish any one in their grave. Ever. Nor do I wish that kind of collateral damage on people I do not know. The only lesson I keep from Coach Patrick has been a good one.

In my time, I probably delivered 100 death notifications and I was probably present during a couple hundred more deaths and scenes in some capacity. I've watched mothers beat on cops, wail, and scream. I've seen family members plunge themselves into depressions so bad that it killed them. I am glad that I am no longer part of that world. I might have lived without ever enduring that experience- but if I hadn't I couldn't write about it here and pass it on.

Steve Jobs is one of my heroes. In fact, he is the embodiment of the American dream. He is what is right about this country and nobody but a spiritually sick person could take delight from the imminent death of someone they don't even know and have never met. Wow. We got a long way to go. From the archives if you have the time- from January of this year:

Wednesday, August 24, 2011

Nearly Two Years Ago; From the Archives of Frankenstein Government

It's like prophecy. Worthless dollars, monopoly money, and futuristic inflation. It was Oct. 2009. Gold was trading at 1000 and making people nervous at those lofty levels.

Read this Bill Fleckenstein piece and tell me he hasn't been dead on.

* Updated Listening to the "Gold" Experts on CNBC

Gold has cratered nearly 200 dollars an oz since it's 1917 high on Monday. Silver is down 5% as well, hovering around 40 and change.

So what gives Frankie? This morning I was listening to the geniuses on CNBC's "Fast Money." Let me tell you a little secret. This is almost ALWAYS true. By the time somebody recommends a buy or sell on TV, the news is old. Useless. In fact, if you were to follow TV would almost certainly lose. Why? Because the people running their mouths have front run you. They traded ahead of their TV appearances. Told their buddies.

So today I listened to some idiots, particularly Dennis Gartman, talk about outside reversals and gold collapses. This is what really happened.

Two days ago, the Shanghai index raised margin requirements for gold traders. This shook out a significant portion of smaller, poorly capitalized speculators who were in just trying to make a quick buck.

Then yesterday, there were rumors of additional margin hikes. 

We also have options expiration on Friday. Both metals, gold and silver, have made long investors a bunch of money. The losers in that trade are the big commercial banks. Driving the price of both metals down prior to settlement- means saving a lot of money.

*Zero hedge reporting minutes ago that the CME hiked margin rates by 27% on gold and that undoubtedly their intentions were leaked. This makes perfect sense on how gold could lose over 200 bucks in two days. Fucking crooks.

It's Hard- Being An Eternal Optimist

My gawd. Fifteen months worth of political campaigning and ridiculous bullshit is upon us. In the latter category, just the other day I saw that Michelle Bachmann was promising 2 dollar gas.

She may have meant per quart.

Look, some of you claim to be pragmatic. Most of you don't have a clue what that means. Here, let me save you the trouble. Pragmatic is one of those bullshit terms that people like my ex Moonbat City Clerk always liked to use. It makes them sound well...pragmatic. The problem with using words like that is that nobody really knows what the hell they mean. Including guys like me who just finished reading the definition two minutes ago.

Now the other day I am reading my good friend Jim's blog  and they are talking about that statist Mitt Romney and a few folks are claiming that they are pragmatic which I guess- loosely translated- means that they think Romney is the only guy who can win the big BS contest. To be unpragmatic (yes, it's a word) means you are a dip shit and think Ron Paul has a chance. I am not pragmatic or unpragmatic. I simply don't care. I vote Libertarian even if Libertarian is currently out of vogue. Or unpragmatic. In fact I have no idea who I will be voting for. Not Romney.

Now here's where the "pragmatic guys" just might not be very pragmatic. And this is where my optimism takes me.

I never underestimate the ability of a dipshit like Obama to commit Presidential harakiri aka haricari. Remember Carter and that desert fiasco? I think Obama could actually turn that 38% approval rating of his into a 28% approval rating by game time. At those levels, Pee Wee Herman becomes a viable opponent. Why on God's green earth would I want to send in another statist when I could win with Rand Paul? Obama is not a formidable opponent. In fact we may have cut his political career short by electing him to the Presidency where they have term limits. Had we ignored him he might have become the Ted Kennedy of Illinois sans the late night swimming. As it stands, when he gets bounced out on his ear next year, he will just do what he enjoys doing the most. Talking about himself. Berkeley, Harvard, Pebble Beach, the usual places.  

Ok, so I'll bet all you pragmatic guys are thinking, "why are you so cocky, Frankenstein Government?" Aren't you underestimating the great incumbent Obama? What about Obama, Seal Team Six, the movie and Blu Ray? Nah....

What is the worst thing that could possibly happen? Obama could get re-elected and be saddled with one or perhaps two- chambers full of hostiles. How much damage could he do? Ok, executive orders and appointments. He is a master of recess appointments. I'll give ya that. And by the way, why would anyone vote for this imbecile knowing that he will be a lame duck with those two chambers shit-canning his statist agenda for the next four years? It may take 4 years just to get rid of all of the czars he appointed and that damned Obamacare.

I think my favorite line all week was this one. Ok, you proved you weren't a racist by voting for Obama- now what are you going to do to prove that you are not an idiot by voting for him again?

This being an optimist has been hard. Some of you guys even shake my faith sometimes. You must never fail to see the good in any situation. My friend Billy is a professional. He hates abortion. But he makes this observation. Without abortion Brian, there would be 50 million additional moonbats voting for Obama next year. Think about that. Good point Billy. Your glass is always half full- brother.

Tuesday, August 23, 2011

Frankenstein Government's Anti-TV Challenge

Well I made it four months. May to August. The satellite guy is here as I write. I gave him a few shots of Jagermeister and I think he just fell off the roof. Some gawd awful noise out back. Maybe the crack addicts next door had to flee for cover. Probably mistook the Direct TV logo on his blue shirt for a sew on cop badge.

Last week it dawned on me. Holy shit! Football season is here and all I have is PBS. As that realization hit me- the final nail in my TV coffin came yesterday as I surfed around on the intarwebs. Direct TV is giving away the NFL package. Which means that now, I can watch the best NFL team in the nation- the New Orleans Saints- any Sunday. How sweet is that?

And the Boise State Broncos anywhere they go because they switched conferences and TV carriers.

Ok, so I am a weak assed loser. I caved in like Kramer on Seinfeld. But at least I am a weak assed loser with gobs of football on TV. And none of that wussy soccer shit. Hits so vicious that mens' heads pop off. Bloody men leaving on golf carts, waving to fans as they very nearly lose consciousness from the pain. That's the American way. Football. Gawd I love football. All of that for some worthless federal reserve notes. I can't believe Direct TV is still taking them. Suckers. Let me just pay in cash. Muhahaha!

Thriving in the Matrix

Today,  the Richmond Fed dropped precipitously and home sales edged lower again. Nobody wants to buy forever declining homes with values that can't find a floor. I tried that earlier this year and I am not sure I timed it properly. Buying a house, lot and all, for 42 bucks a sqf. seemed like a good idea.

So with only two tidbits of business news, both of which were pretty terrible, the market is rallying over 200 points. Seems now the given excuse for today's big move is that fewer banks (small ones) are failing.

I'm not sure that is true. But at some point you would imagine, 4 years into this mess, the number of bad banks would start to dry up a bit. So fewer banks are cratering- just what will that magical elixir do for a worldwide mess? Nada. Pissing in the ocean. Completely irrelevant.

The only way to keep it real, and keep your mind about you at this point- is to simply ignore mainstream media news and Wall Street. They are largely irrelevant. Marginalized beyond any sense of credibility. Very powerful forces are in a tug of war with the truth...desperately trying to convince the masses that everything will be ok.

Many people are starting to wake up. The matrix is no longer some fantasy. It is real. It is an alternative reality cooked up by a bunch of like minded people that all reap power and financial benefits if the greater public is deceived. The villains in our matrix are bankers, crony capitalists, politicians, and their state owned media outfits. Some people call them The Powers That Be or TPTB.

All that is required of you to survive in this new paradigm- this matrix- is that you are aware of these forces. They are not your friends. They exist to deceive and steal from you. And the tricky part about them- like the devil- is that they have to convince you that they do not exist. That conspiracies don't exist. That things will continue and get better as they always have. That you are insane to believe any thing to the contrary because TPTB are the only credible folks. To believe anything other than what we tell you will make you a nutter. An outsider.

In reality- the opposite is true.

All you have to do is take action. Become aware. Take your money out of a big bank, put it in a credit union. Pay off all debt. Buy some gold and silver. Do precisely the opposite of what TPTB want you to do and you will thrive. Trust me. It the greatest contrarian indicator ever conceived. It works. By becoming aware of the matrix and the false reality that TPTB are trying to create- you become aware. You will begin to recognize the enemy and you will thrive.

Obama, Accomplished Bully- Now Earning Tyrant Merit Badge

This dude is no boy scout.

Obama is a special kind of sick ego maniac. Revenge driven. If you don't agree with him, he takes it personally and launches some hateful crusade. No wonder his cabinet bailed. Think that was coincidence? Rahm playing Mayor in 2nd city. Obama doesn't rule with respect, he rules using fear. Those kind of guys?? Well let's say, they are adept at forming motivated lynch mobs.

Now the head of Standard and Poor's is going to resign. Imagine that. On the heels of the USA debt downgrade. Obama's retaliatory practices, are soooo predictable that surely he can't be the smartest guy in the room. The smartest guy couldn't possibly be so fucking predictable. Could he?

Obama has canned an Inspector General for doing his job. He managed to can GM CEO Rick Wagoner in some ceremonial "I own your ass" kind of power trip. Now Obama's gonna get another guy, Sharma. From the article:

McGraw-Hill's statement did not mention of the Aug. 5 downgrade that sent shock waves through global financial markets and was sharply criticized by the Obama administration, which said the agency's analysis was fundamentally flawed. Other major rating agencies have maintained their AAA ratings on the U.S.
It also did not refer to recent reports that the Justice Department was investigating whether S&P improperly rated dozens of mortgage securities in the years leading up to the financial crisis in 2008. Those reports sent McGraw-Hill's shares tumbling last week.
The company said only that Sharma was eager to pursue other opportunities.

I hate tyrants. Black, white, purple. It makes no difference. Obama is a special kind of tyrant. He ignores the felons who line his campaign coffers and ripped off an entire country- instead he punishes the innocent people who are doing their jobs. Every one of those guys, Walpin, Wagoner, Sharma, were people who paid their dues and worked their way up. Unlike our community organizer.

Obama is a tyrant and a bully. So far, the only person that has been able to shred Obama in public has been Benjamin Netanyahu and perhaps Putin. They don't have to take any of his bullying tactics and they don't. In fact, here is how Obama reacted after Netanyahu schooled him.  Obama is the first President that we have ever had wherein I find myself consistently rooting for his adversaries. Shit. I miss Carter. Really.

Monday, August 22, 2011

What Gold Is Desperately Trying To Tell You

A little over a week ago, Venezuela's version of Obama- Hugo Chavez...said something that I don't think any bullion bankers expected. He said, "we want all of our gold back."

That's about 211 tons. They have more but that's already in the country. I'm not sure who-all-has-what of Venezuela's but that amount of gold has to make some assholes pucker. Here's why. 

There are a lot of reputable people that think bullion banks have leveraged gold, the underlying asset, at a ratio of 100-1. If that's true, bullion banks have to unwind 21,000 tons of leverage. To put that in perspective, the United States "reportedly" has about 8500 tons of gold. (No audit has taken place for 30 years) We have more than anybody in the world. Therefore, the bullion banks and I believe there are only 5 of them- have to unwind claims on a chunk of gold 2.5 times greater than all of our reserves.

Here is an article, a little over a year ago, that is absolutely dead on in predictive value. In fact, they claimed that 2000 dollar gold would be breached far faster than anyone thought possible.  There are other interesting data points that back up the things I am saying here.

So to deliver the real, actual, physical commodity you have to pay off existing claims at huge prices- find unencumbered gold- move a bunch of other gold around to satisfy claims you cannot unwind. And then remove that underlying amount of that commodity from future trading. Since Venezuela's announcement, gold has made a straight up move.

If you owned gold would you want to trade it for worthless currency? In other words, during the endgame, what would prevent a country like the U.S. from printing a boatload of fiat currency and trading it for gold prior to a dollar collapse? What gold is trying to tell you is that the world's debt levels and currencies are growing more and more valueless by the day. That the world economy is sick. That bonds yielding 2% when the inflation rate is 4%- are guaranteed losers. There is no safe haven left. The people who panic first will panic best. Those will be the people who buy a significant stake in precious metals and offset the losses and pain in other investments.

You don't make money in silver and gold. You simply preserve buying power. Unless you are completely invested in precious metals, the buying power you lose with inflated Federal Reserve Notes is recaptured with your precious metals. So we are treading water. But at least we are not losing 2% on treasuries. I have made nearly 40% on precious metals this year. I have lost God knows what to REAL inflation, lost purchasing power-zero savings rates, and taxes which keep going up.

What gold is telling you is that cash is trash. Everywhere. And for the foreseeable future. Gold cannot stop it's inverse relationship with worthless fiat currencies and debt levels gone berserk until someone, somewhere pegs a currency to an item of value. Historically that has been gold and silver. Until that happens...get ready for crazy precious metals prices and hyper-inflation. There is no gold bubble. There is a fiat currency bubble and if the FED does something really crazy like announcing QE3 at Jackson Hole later this will go bonkers. These are crazy times. Gold is your friend. It does not lie. It's just trying to tell you how sick the world economy is right now.

The Japanese Comparison

One of the blogs I follow is a very well researched blog called "Dr. Housing Bubble Blog" which is based in California.

Very often, I have explained to our readers that we are turning Japanese.... Meaning that we are following- almost precisely- in the footsteps of Japan's 1989 crash followed by two lost decades worth of stagflation. The similarities are remarkable. I have never seen anyone use charts as effectively as Dr. Housing Bubble does in this article which compares the United States melt down to the one that happened in Japan.

Sunday, August 21, 2011

Obama Is and Has Always Been- the Bankers Lap Dog

I have said it many times. The only way Obama came to be President is (A) He was willing to look the other way on all of the banking fraud that had occurred (B) He put together almost a billion in bank financed campaign contributions, waltzed into office, and promptly stated that we would look forward. His way of saying there would be no investigations, no prosecutions. No justice.

Obama is just as criminal as the criminals that installed him. Here he is trying to pressure the NY Attorney General into a deal that gets all of the banks off the hook for all of the crooked shit that they have pulled with a paltry settlement designed to get states to STFU- once again the lap dog and his administration are doing the bankers' bidding.

The corruption in this country is tangible. It is sickening.

The War Planner

I stumbled onto this blog this morning. Some very funny shit about that buffoon we have in the White House. If you enjoy bashing Obama as much as I do....the war planner is your kind of blog.

Naked Capitalism Reporting That BP's Blown Up Oil Well Is Leaking Again, BP Once Again Playing Deceptive Games

This story at "naked capitalism" pretty much captures the whole essence of BP. I could truly learn to hate that outfit. With photos for proof: