Failed Trust and Uncertainty

The recession was worse than the government thought. And now economists think that we're heading into the next recession. Businesses and consumers aren't spending because of uncertainty.

All of this news comes as a surprise to the government, every new data point is unexpected. Who knew that the economy was in a Depression? CRA legislation triggered the financial crisis. TARP, ARRA, Obamacare, Finance reform legislation were supposed to improve the economy, but instead have piled uncertainty upon uncertainty. Now almost everyone has lost faith in business and government elites

Apparently the market knew we were in uncharted territory and that is why business and consumers stopped buying. People talk to their friends and neighbors, see the empty buildings and decide that the US is in a serious financial crisis. Many believe that the media and government are lying to them about the cause, condition and solution to the crisis so they can't trust. More uncertainty piles on so they forgo purchases, even if they have the money. Eventually the cycle feeds on itself, scavenging trust and creating ever bigger piles of uncertainty until insanity arrives.

Obama, Reid, Pelosi and their marxist lunatic friends have seized upon the crisis and used it as an opportunity to hijack the government and transform the US into a failed, third-world oligarchy. Think Venezuela writ large.
So far they have been quite successful and may yet co-opt the Constitution. Witness how the Venezuelean middle class were passively destroyed as the institutions they relied on were slowly subverted by marxist cadres. I'm surprised that americans are behaving the same as Venezueleans.

So...it's the failing trust that is rightfully causing the uncertainty that is killing us. And we are dying as a people and a nation, because the economy is the lifeblood of a nation. We are bleeding out as congress treats our wounds by hacking at our extremities with machetes.

Wednesday Roundup

A federal judge appointed by Spooge Clinton blocked Arizona immigration law proving that the US is now a failed state, unable to control it's borders. The government is hell bent to bring Mexican slaves to the US and force american taxpayers to pay for their health care, education and general welfare. The oligarchs that benefit from slave labor will live like feudal lords while shielding income from taxes that the rest of us will pay to take care of their slave labor. We are so screwed.

One in five Californians say they are nuts! That estimate is way low in my estimation. I rarely met a sane person on my many business trips to the Golden State. Maybe legalizing pot in California will improve the herd's mental health OR maybe the San Andreas Fault will split the state and dump it into the Pacific Ocean from the weight of illegal immigrants. We can always hope!

This fella is overly optimistic in my estimation. The US spiraling into dissolution from debt by 2017? It could happen unexpectedly and soon. Rome debased it's currency and ran it's productive elements away, imported slaves to run it's economy then taxed those left until they just stopped caring if Rome lived or died. Many considered the European Dark Age as an improvement over the late Roman Empire. Buy guns and ammo then teach your grandkids to be Vikings. They might stand a chance.

The CBO is getting a little worried about the democrats borrowing and spending habits. Unsustainable debt?

Obama is turning on the jungle fever machine  this week on The View. There won't be a dry panty in the audience as liberal white sluts imagine themselves riding Oboner Mandingo style. Sorry girls, Obama prefers white men Lewenskying(TM) him.

Down in da hood, niggas don't want wiggas listening to their rap. We are so post-racial since Obama.

Over in Spain, Catalonia has gone all queer, all the time after banning bullfighting. I'll bet sword fighting becomes the new past time.

NYC has a Rat Park with a Rat Zoo? Who knew?

British Researchers Are Idiots

This from Reuters "Jobs, professions influence cause of death". The Medical Research Council found that male hairdressers and tailors tended to have higher instances of HIV then said "This study demonstrates that there are major differences between occupational groups in their risk of death..."

So are these "researchers"saying that being a male hairdresser or tailor causes behavior that leads to HIV? Or is it that behavior that leads to HIV infection also leads to being a male hairdresser or tailor? Are these dipshits trying to say that there is a occupational risk of HIV to male hairdressers and tailors? Yikes!

Apparently Britsh fairies will be prancing to government offices to claim occupational disability once they become HIV positive after this study. Yep. Their job caused the HIV. It couldn't possibly be the anything gone wrong in their personal lives that caused their problem. Perhaps Brits will have to pay a special tax on haircuts to cover this occupational risk. It's the only humane thing to do eh guvner.

Obamas Party While the US Suffers

Vacation, vacation then vacation some more. Don't cha wish you could vacation like these Obamas during a Depression? Bar Harbor, Chicago, Hawaii, Florida, Martha's Vinyard, the West and now the elegant Michelle is heading to a 5 star hotel in Marabella Spain. Rooms for 30 for her, a daughter and a few friends.
I wonder if the first dog, Bo, will get a separate transatlantic flight on a government  Lear jet like last vacation. All on the taxpayer's dime.
 
Then there's the golf, golf, party, golf and party some more. These negroes got the work ethic and party fever of...well...negroes. It don't matter that we're broke or that 1/4 of the population is unemployed or that 3/4 of the population can't afford to take a vacation anywhere, these insensitive Obamas are gonna party down.

The Emporer Has No Clothes

Please just stop! I can't bear the feeble threats against Iran, North Korea and the Taliban. No one believes that the US would attack them for any reason under Obama and the congress. We won't even fight the Taliban in Afghanistan. So just stop with the bullshit.

Recently, Mike Hayden, former CIA chief told congress it was "more likely that we'd attack Iran".  The USS George Washington's captain said "we will show our resolve". While Mike Mullen said that his forces were showing "slow but steady progress" against the Taliban.

Really? I see lips moving but where are the results? Has Iran stopped their nuclear program or running their mouth? Is DPRK silent and trembling in fear? Have the Taliban retreated to Pakistan? No. Obama is making a fool of our military leaders and a great mockery of the US when he orders these men to speak.

The entire history of man and warfare there has been one rule: kill the enemy until they beg you to stop (or they're all dead). You do not win wars by winning hearts and minds. Our leaders are going to get a whole lot of good American boys killed for no goddamned reason.

Either fight to win or get the hell out. In any event just cut the tough guy crap. The emporer has no clothes.

UK is Mad as a Hatter

The UK has gone mad as a hatter. Just read it. Nothing more that I can say except the authorities' response is worse than the crime itself. But what would you expect when the Crown Prince fancys himself a tampon?

Los Zetas Invade US Ranchs

According to this report, the Mexican drug gang Los Zetas have taken over a couple ranchs on the US side of the border near Laredo Texas. Local law enforcement and the Border Patrol are trying to figure out how to handle it. WTF! Is Mexico a failed state now? But more important, is the US a failed state now?

A local police official said yesterday "They're not Vikings, they're not going to invade us, it doesn't work that way." LOL. Well, so much for that theory.

The current crop of americans are a stupid people, full of arrogant assumptions about the world. California has already been overrun and conquered by Mexicans, bankrupting the place and making in uninhabitable by a civilized people. Arizona is fighting a rear-guard action but may be conquered as well. We even have Mexicans coming out the ass here in the Midwest. Beaner motels popping up everywhere.
Thank God PBS is teaching our children to speak Spanish, otherwise they'd be unable to communicate with the new owners.

Mmm, yeah americans, just keep believing that your government and business elites care about you. Close your eyes and chant, my country cares about me over and over again.

Monsters

On December 21, 1988 259 passengers were flying from London to NYC on board PAN AM flight 103 when a bomb tore through the cargo hold that ripped the aircraft in two pieces at 31,000 feet. For 47 harrowing sconds passengers struggled for their next breath until they smashed into the ground at 660 feet per second.

Stop. Hold your breath for 47 seconds and imagine being in that aircraft that was coming apart.

In 2001, Libyan Abdel Baset al-Megrahi was convicted murder in the bombing and sentenced by a Scottish court to 27 years in prison. After a little over 8 years in prison he was released on "humanitarian grounds", because of potential problems with the trial and he was allegedly "dying of cancer". He was released on August 20, 2009 with three months to live. He is still alive. Some suggest that he was released from prison so BP could access Libyan oil.

Obama lied a week ago when he said that all Americans were "surprised, disappointed and angry" to learn of Megrahi's release. He knew and approved according to a letter made public this week. Meanwhile BP has revealed that it lobbied for a prisoner release between the UK and Libya. This week it was announced that BP is planning a deep water exploration off of the Libyan coast.

Occam's razor suggests that BP and the US and UK governments conspired to release a man found guilty of the murder of 260 people to enjoy the benefits derived from petroleum. How immoral is that? The lives of 260 people and the horrific nature of their deaths is of little or no value to the monsters that run our world.

Mercifully, the victims of the Lockerbie bombing are in God's hands. They say that you can know a man by the company he keeps. Megrahi, Obama, Hayward and Cameron and their minnions have embraced satan and will suffer.

There Will Be Suffering

Britain has discovered that it cannot generate the revenue to provide national health care as Western economies spiral down to reality. The truth of the matter is that the West never could afford the health care technology that has been developed over the last couple of decades. Nor many other technologies.

I suppose we all believe that we are entitled to the best of medical care (and the best of everything) but are we really? With a world population of 6.9 billion people how do we calculate the value of an individual? Who calculates the value and what are the variables? How do we distribute the ever dwindling resources in an overpopulated world?

The truth is that we can't and won't calculate and none of us will like it if we do. Just as it was with the first humans, the smartest, strongest and aggressive will get the first choice of food, place by the fire and breeding rights. We've tried to level the playing field but the stupid, weak and timid now know what is available thanks to television and the internet. They want equal resources but can't (or won't) do the things required to obtain them. But that doesn't stop their wanting.

We are all born with the skills that Fate gives us. All we can do is make the best of them and take good counsel when it comes. Be thankful when Fortune throws us a bone and try not to do harm to ourselves. It is ridiculous to expect others to look after us. Socialism will never work as it opposes human nature.

Britain will ration health care and we will too. It has always been so and always will. Why we even trust the pandering words of a Obama, Reid or Pelosi is beyond my comprehension. But the stupid, weak and timid will believe the cruel lies. Our elites will have the best medical care available while everyone else will either pay or suffer equally rationed poor care. That is the truth.

There will be suffering.

Putin's Word

Putin says that the deported Russian spies will have a bright future in Russia. Putin is what he is, which is more than one can say about america's leaders who would dance about the issue while saying nothing and doing less. You have to admire that.
Russia always gets their people back while america can't seem to get the job done. The Taliban has been holding a US soldier for a year and just captured two more. God help them because we can't.

Anya will be Ok because Vladimir says so. I wonder if Vlad took Anya for a ride?

The Horror

Sometimes the news is just so horrifying that you wonder what the world is coming to.

10 people were crushed to death at the German Love Parade today. Nine of the ten were women. How the hell do people crush each other to death at a love parade? I mean, where's the love, man. I got caught in a stage crunch at a concert as a young man. It was a frightening experience and I never went to a festival seating event again.
I hope TechnoViking survived.

Hillary Clinton looks in horror as she views the specially prepared treat that her Vietnamese hosts had promised. Moments earlier she had been pleased when her hosts told her that she would be eating pussy soon. Then she saw that they were serving stir fry cat.

Campaign 2010 Has Started-And It Just Doesn't Matter Who Wins

The 2010 congressional election campaign is off and running. Why? Because unexpectedly the democrats have discovered the unexpected $1.5T budget deficit and are calling for spending cuts. I'm shocked at this sudden and unexpected realization by democrats that there may, and I must stress, may be a budget problem.

Since the entire democrat ponzi scheme is based upon paying off race-class groups AND all of the US tax receipts are entitlements, democrats are facing a dillemna. Which class-race group do they throw under the bus? I suspect that we'll hear a lot of talk about cutting subsidies for the wealthy and raising taxes on the rich but in the end the gravy train will keep rolling until it can't.

If the democrats cut programs, they will be cutting jobs. With an unemployment rate of about 20% you can't really afford to lose any more jobs without losing your seat in congress. So this talk of cutting spending is just talk. The most important thing that any representative or senator must do is keep HIS job. The shell game will go on.

The economy needs to generate 160,000 jobs per month just to maintain employment at some fixed percentage. We can't generate even a quarter of this number of jobs per month. So we have a base number of 32 million unemployed while we add another another 1.4 million new unemployed every year. All of these unemployed require some level of public assistance and don't generate any wealth or taxes.

It doesn't matter who we elect because we don't have any tools to restart the engine. The goose that laid the golden egg is cooked and eaten.

Presidents, Clerks and Nazis

Some presidents use tools like these to influence events and demonstrate national power and resolve. George Bush used carriers to kill barbarians who attacked America and show the world that Americans were not to be messed with.

Obama used tools like this to take advantage of crisis and utterly bankrupt the nation, demonstrating national failure and disunity. We will never know the real carnage inflicted on america in this Depression because of the lies of government workers.

Our government has turned on us. Government workers are only interested in their incomes and power over those who are not government workers. These drones produce nothing but more rules, more regulations and more government workers. They cannot find one terrorist, they cannot deter one border busting mexican, they cannot stimulate the economy, they cannot regulate predatory banksters, they cannot protect the Constitution and they cannot unambiguously win any war with the best military our men can produce. In short, our government is an epic failure.

I would vote tomorrow to disband the entire city, county, state and federal governments, fire all of the workers, burn all of the legal codes and start over again from scratch. The new governments must exclude anyone who ever served in any capacity in the government. The only exception would be the military below the rank of general.

The other day I stopped at a liquor store to buy a bag of ice. I was asked to show an ID. When I protested that I was buying non-alcoholic ice AND was almost 60 years old, the clerk matter of factly told me that a new state law required that I show ID for ANY purchase from a liquor store. When I said that the law was insane, he agreed but told me he still needed to see ID. Now I know how "good" germans put jews into the gas chambers. It was the law and they were just good clerks following the law.

Well, fuck the law, fuck the government and fuck the clerks to boot. God damned little nazis every fucking one of them. If I wanted to live in a totalitarian state I could have moved to Cuba in the 1970s. I'm just about one law away from firing the government with a pitchfork.

Voyager 1

My old friend Voyager 1 has been flying for 12,000 days and is poised to enter interstellar space in 5 years, 13 billion miles from earth. Voyager 2 reached it's 12,000 day milestone on June 28. Both will outlive the nation that launched them.

Monday Walk Around the News

A plague of mosquitos has descended on the Bruig making evening garden watering a chore. Wet and hot conditions have made a great year for farmers but not so good for backyard gardeners. But hey, I'm eating my first home grown tomato tonight.

The DOW was up slightly on Ireland sovereign debt downgrade and the collapse of the US housing industry. Another sucker's rally getting fattened for the kill I suppose.

Republicans take a beating for not extending unemployment benefits? The congress has a democrat supermajority that can pass anything. It sounds like the democrats want to score political points by torturing the unemployed THAT THEY MADE UNEMPLOYED IN THE FIRST PLACE. Go ahead Obama, borrow and print another trillion or two. It doesn't matter at this point.

Shirley Sherrod, USDA Rural Development Georgia State Director, told an NAACP audience that it was personally hard for her to help a white man. And Tea Parties are racist?

Massachusetts and other democrat strongholds want to get rid of the Electoral College and elect presidents on popular vote. This would make sure that no republican votes would ever get counted ever again. Now THAT'S democracy!

The cap on the Macondo prospect well is leaking, the seafloor is seeping hydrocarbons as methane levels rise one million times over normal. Run for your life, we're all gonna die!

The Obama drilling moratorium will cost 12000+ jobs as rigs pick up and move to friendlier places. When the moratorium become permanent, the US will lose 400,000 jobs costing the US $95B per year. Welcome to energy dependence forever and ever.
Watch the Chinese drill just outside of US territorial waters then tell Obama to stuff himself. Stupid americans.

The US is seeking a deal with Taliban goatherds who have kicked Obama's ass in Afghanistan due to his intentionally losing rules of engagement. Get our troops home now before you get any more of them murdered Obama.

Speaking of Mooslims, today Ahmadinejad told Obama "We are for negotiations, but to do so you have to sit down like a good boy". Yep. He called Obama a boy! What will the NAACP do about THAT racist comment?
Mamhoud is such a hoot.

And lest we forget, it's summer in France and "youths" are enjoying the carbeque season. Grenoble has had two nights of rioting, looting and burning by youths of unknown race and religion.

The only good news today was a photo of lovely Danielle Lineker standing in front of a GEnx jet engine at the Farnborough International Airshow. This Cymric beauty could fire that 67,000 ft/lb turbofan engine with just her cool heat alone. After Reuters displayed this photo Google recorded over a million hits on Danielle today from aircraft enthusiasts manpigs. Oink.

Seepage at the Macondo Prospect

I'm no oil field expert but something is very wrong in the Macondo prospect, AKA The Gulf Spill and any engineer with half a brain would be concerned.

The Macondo formation had a measured pressure of 11,900 psi before the well blew out. With between 2.5 and 10 billion barrels of hydrocarbons in the formation, there is no way that the formation has vented it's pressure by spilling into the Gulf. With the cap in place, the pressure at the cap is about 7000 psi. Where is the missing 5000 psi?

This afternoon an anonymous government source reported seepage in the area adjacent to the well. This is important because there are concerns that the well casing is damaged and hydrocarbons may be leaking into rock formations surrounding the well. Fissures in the rock may allow one or more leaks to develop which could make it nearly impossible to ever stop the leak.

With 12000 psi of aggressive hydrocarbons and rock continually sandblasting the seabed rock formation around the well we could see a seafloor oil blowout that could never be contained. The Gulf of Mexico could become a dilute sea of oil for generations.

July 18th Musings

Guppy over at CNBC has been squaking about the parallels between the Great Depression and Depression 2.0 (which he refers to as the "financial crisis") today said that the DOW may crash to 7500 if it can't breach 10,600. Read it all here.

I don't think the DOW can hit or, more importantly, sustain 10,600 in this economic climate. Where are the profits or even the good economic news to propel the market upward? Consumers are worried so they have put away the charge card. All of this democrat talk about letting the Bush tax cuts expire while the economy is slowing and health care reform kicks in just makes people worry. Even people who don't pay attention are aware of the huge deficits and debt that are piling up. People are starting to feel like something is very wrong with the economy.

Look for the printing presses to fire up before the election as Quantitative Easing 2.0 goes into high gear. But it won't help the DOW or the economy. The damage is done.

Elsewhere

Some commenters at BC think the democrats are about to go extinct because we are broke. The scenario goes something like this, without income to generate taxes the democrats won't be able to buy votes by paying off the race-class constituencies that put them in power so they go extinct and are replaced by a responsible party.

I'm not so sure. With half of this country reliant on government spending as their sole means of support, what will happen when the spigot runs dry? Will people just calmly accept this reality and wait to go to the polls to vote for responsible representatives? What politician will be elected on a platform of canceling social security, medicare, medicaid and furloughing 2/3 of government employees?

I think the democrats will borrow, print and spend until foreigners say no more. It will be hard for foreigners to do so because it will harm them as well. But eventually this ponzi scheme will stop because it just can't go on.

Fuel and food will be the international flash point. Many nations rely on american grain to feed their populations but in order to grow the grain, we need oil. When the dollar becomes worthless, how can we trade grain for oil? How can we trade anything with anybody when our currency has less value than toilet paper?

Suddenly nations in famine start looking at US cropland and thinking that they could plant those fields and feed their people. War starts looking like a necessity to survive. Just because nobody has ever successfully invaded this country doesn't mean it can't happen.

Meanwhile what's this country going to look like with the poor and elderly starving and dying from wont of medical care in this country. With half the population unemployed, people are going to become desperate. Large urban areas will become lawless with rioting and crime.

In six months, half our population could be dead and the cities a ruin. We could be under invasion by one, or more, coalitions  sanctioned by the UN to restore global order. Then, I suspect that the responsible party that would be selected would look a lot like Hitler or Stalin. A dictator that would suspend the Constitution to restore order. He may even cut a deal with the UN and invaders to rule what is left of america. Would it even be possible to retore the Constitution in the future?

Unfortunately we have boxed ourselves in with no way out. Rome found itself in the same trap when it couldn't expand to pay for it's vast patronage system. The elites abandoned Rome and setup smaller shops in friendlier locales of the former empire. Westerners refer to this period as the Dark Ages.

Our forebears survived the Great Depression by tightening their belts, pulling together then fighting and winning a war. I don't believe that we are made of the same stern stuff that our forebears were. And the world is a far different place. I think that the conclusion of Depression 2.0 might not be as auspicious as the conclusion of the Great Depression for our descendents.

Violence at Festival

The headline reads "Ten Wounded in 3 Shootings at Irish Music Festival" or "Shooting Breaks Out at OktoberFest". Um No! How about BlackExpo? Yeah, that's about right.

BlackExpo is supposed to be about showcasing african success in america, but tragiclly it often shows a little less. Now before ya'll get your unders in a bunch, what I'm getting at is the national shame that the democrats "Great Society" has become.

Forty five years after democrats, led by Lyndon Johnson, passed legislation to help the poor of this nation get mainstreamed into american culture we have instead birthed a new culture that leaves too many black men dead or in prison. Why? Because we provided black women with a means of supporting illegitimate children without the means to raise them to be responsible members of Anglo-Irish society.

Some will become indignant and sputter on about "what right do white people have to expect black people to behave like white people, that's racist". Really! To want black children to grow up in a stable, two parent home, get and education and get a decent job is racist?  Is it racist to deplore the violence that is too prevalent in black culture? I don't think so! Instead it is racist to let gangsta culture flourish resulting in the shootings, death and imprisonment of a substantial portion of black males. Apparently democrats don't care that black culture has become a living hell so long as it is blacks destroying blacks in the ghetto.

In fact, this problem exists in every nation that is ruled by socialist governments where black populations exist. Britain, France and the US all suffer from the cultural destruction of blacks by a nanny government that pays black women to spit out babies without men in their life on an ongoing basis. Shameful is the only word that comes to mind.

But not to worry because socialist leadership has the same plan for white and hispanic cultures in america. Our big government elites want us all to become fatherless gangstas. As I skimmed through the local newsrag today there were just 2 wedding announcements. Both were white soldiers marrying wholesome looking young women. Sadly that's typical in Bruigville these days, in a city of 46K only 20 people getting married per week. But we still have 80 births per week.

Thank God taxpayers can do the work that fathers can't. For a while anyway, until it all just falls apart.

Obama is a Liar

The president and congress are liars and tyrants according to their own words and deeds. Obama has repeatedly stated that his health care reform legislation is not a tax yet in arguments establishing the constitutionality for his health care legislation his DOJ has stated that it is a permissible tax. Which is it you lying sack of dog shit?

No Confidence

Apparently consumers don't agree with government and financial experts that the economy is slowly recovering. Consumer sentiment dropped 10 points, back to where it was last July. At the same time, currency investors are losing confidence that the dollar will hold value, considering the corruption now entrenched in the congress. The Dow crumbled yesterday wiping the last two weeks of gains out and flirting with 10k.

Confidence makes many things possible. A man will take on risk if he believes that the environment is stable, that he is getting good information and is not vulnerable to harm by those around him. Being high on the Maslow Heirarchy of Needs scale is important

Most americans now believe that they've been lied to, that corrupt government and business leaders have stolen from them and that it is now every man for himself because they don't know who to trust. There is no trust left so there is declining confidence.
 
The value of the dollar is confidence in America. When consumers tell pollsters that they won't be considering buying a home, car or major appliances it is because they are uncertain about their safety. They have less confidence.

America has been successful because of our confidence in ourselves over the past 235 years. Confidence is American Exceptionalism. We could be confident because we could have more trust in each other than the rest of the world. But we were more homogeneous then than we are now. And we had common standards of behavior and there were conseqeunces for irresponsible behavior. All of that is gone and with it both trust and confidence.

So now we have elected a government that is just as corrupt as the rest of the world and we are faltering as a nation as we become just like the rest of the world. I don't know how we turn america around this time. I think too many people want someone else to provide for their safety. They have turned to the government to provide safety even as they have lost trust in our institutions. It makes no sense whatsoever.

Trust is very difficult to restore once lost. One can forgive but not forget and will thereafter be constantly looking for the next breach of faith. The sense of belongingness is shattered and what comes after the breach in trust is but an imitation of the original. One never really trusts again.

I wish that I could offer some approach to restore trust in the country but I can't. We seemed doomed to drift ever downward, slowly, agonizingly circling the drain. The lies will become ever bigger as our institutions try in vain to spread the pain evenly. We are already cannabilizing our economy and society until either nothing is left or, perhaps, we choose a strongman to restore order. He will more likely be a Hitler or Stalin than a Reagan. He will blame others and encourage bloodletting to appease Fate.

I had hoped to save a little more money, accumulate some modest earnings to support my wife and I in our old age and get the pensions that I earned working for 50 years. The dream seems gone now. I'll work until I can't just to pay bills and taxes as my savings erode then get none of my now government administered pensions. I'll die pre-maturely in some hospital hallway because some bureaucrat will decide that I'm not worth treating unless I'm lucky and die from dysentry after eating my lawn. Pretty grim stuff ahead I'm afraid.

But this weekend I'll play with the grandboys, do some yard and garden work and show the boys how to be tough. They'll need to be tough to survive the coming troubles. Perhaps they'll be Vikings even as I become a hermit monk. At least there will be purpose in our lives.

God bless!

Thursday Tidbits

The congress has outdone itself this time with the Financial Reform bill that embeds left-wing whack jobs on corporate boards and creates more of the Community Reinvestment Act activity that caused the mortgage crisis. The bill also provides job opportunities for token negroes and left wing women from which to hector working people who actually work for a living. We are so screwed.
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Why is this rug chewer always stumbling around with a glass of wine in her hand?  I swear that the last dozen photos that I've seen of her, she always has a drink in hand. Maybe pussy tastes better with white wine.
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One million more homes will go into foreclosure this year. That's just stunning! No one will ever live in most of those homes ever again, except Mexican squatters or the occasional meth cooker. With one or two years without heat and cooling the houses will need major rehabilitation to be habitable again. Most will simply rot in place. Around these parts nobody even bothers to mow the yard or look after the places. Except the possums.
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So it looks like we go out with a whimper according to some economists. Decades of deflation eroding the value of everything: property, stocks, savings and wages. Global scale, economic entropy that spirals downward until civilization devolves into roaming gangs of barbarians. Why build anything when it's value tomorrow is less than it is today?
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The democrats intend to tax working people into poverty. When the Bush tax cuts expire next year, every working american can expect a tax increase that will transfer $1T to the government in the coming decade. Expect a hefty 4% tax from Obamacare to boot, plus higher paycheck deductions to buy healthcare.

Next up, democrat Cap-and-Tax which will increase the cost of energy, both through direct taxes on gasoline and natural gas then indirectly through tax increases on coal that will increase electric rates. The coup de grace will come in the form of a VAT of 20%. We're screwed.
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If the engine of the US economy is the consumer then it's clear that the democrats want to kill the engine and shut the whole economy down completely...forever. Suicidal? You betcha. If the congress passes all this legislation, most of us will be living like Dark Age serfs.

If I were a young man, I'd chose to be a plundering Viking: kidnapping, looting and raping my way through gated communities rather than toil in poverty for some post-american oligarch.

Camille Parker Bowles Tampon Speaks

Prince Never-To-Be-King said "People have heard the climate skeptics and attempted to listen to the kind of pseudo science they are peddling...I have endlessly been accused of peddling pseudo science, in one way or another, for most of my life - just think about the strange irony."
Chuck drops to the floor from between Cammy's legs to bemoan his poor stock position in green companies. Somebody throw that mess in the trash for God's sake.

Can You Look

The Fed ran up the surrender flag today, downgrading growth while predicting higher unemployment. Others are less optimistic. Every indicator suggests Depression 2.0.

Meanwhile 3 million people will run out of unemployment benefits in July. Yeah, million. Imagine being in their shoes.

I was reading today about a couple of late 50s unemployed professionals who have worked hard to find a job but just can't find work. Unemployment has barely kept a roof over their heads and food in their belly. Both have depleted a lifetime of savings and now they are staring at utter disaster. When the unemployment checks stop they will lose their homes to foreclosure. Neither knows where they will go. One has lost her car to repo. Both worry where they will put their remaining possessions that they have accumulated during their life. One worries about his dog, where will it go and how can he feed it?

In previous downturns, older workers were retained while the young were let go. The younger workers had more options. They could move home or with friends. Where do 60 year old homeless unemployed go? Do they move in with their grown children? A young man might live under a bridge and survive. A 60 year old wouldn't last long. Are we going to be hearing about 61 year old homeless couples living and dying under bridges?

How will americans respond to the horror of the old people, that american businesses and government have turned their back on, and left to live and die homeless, under a bridge? Will executives even look as they glide by in their Lexus on their way home for cocktails in their gated community mansion?

We are about to experience Zimbabwe right here in america. Can you look?

America Rejects Obama and his marxist Pals

Polls show that 55% americans have lost confidence in Obama. With 20 million un/under-employed, $2.7T in new debt, an economy sputtering along in Depression or deep recession, stock portfolios having lost 7% this year while losing a war against goatherds in Afghanistan, why wouldn't americans have zero confidence in Obama and his marxist pals.

One of Obama's advisers recently said "I’m unsure what President Obama really believes". That's not the problem. We all know what Obama believes from the things he says, does and more importantly the people that he selected to operate his government. Obama is a racist who believes America was an evil in the world! He is hell-bent to destroy the white majority that has run this country and redistribute America's wealth to those that he believes have been oppressed.

When a government thinks that it is smarter and better than the people it represents, it is doomed in America. Are we America or america? We are going to find out this November. I hope we are still the nation that fought for it's independence and then defended that freedom for 235 years. An America that is represented by the men and women in the VAW-116 Pump It video that I posted yesterday. Not an america that Obama and his marxist pals have been creating for 2 years.

This country is a mess right now, unemployment, debt, loss of a sense of pupose and confidence. It will not be easy or pretty for awhile, even if American voters toss the marxists out of the congress. We have dug ourselves a deep hole that we have to get out of. But first we have to get rid of those whose guidance is to keep digging. Pelosi, Reid and the marxists who supported them must be shown the door. Obama must be coralled, hog-tied and made to understand that we are Americans, not Venezualians that can be oppressed by petty tyrants.

This election is the most important election in the history of this nation. America can not endure another 2 years of this congress voting rights and freedoms into extinction.

Sun Kings-VAW-116 Pump It

Back in the USSR

Anya Kushchenko is gone. Ain't no sunshine when you're gone...
Love, Bullwinkle

Musings of Retarded Folk

Praise Allah! Iran is closer to the potential of developing nuclear bombs according to Russian President Medvedev. There is no cause for alarm because Iran wants peaceful nuclear bombs, for peace and such.

The american oppressor, Petraeus, was put in his place by Obama's national security chief John Brennan, who stated that america is not at war with any religious groups or methods. In fact, america is not at war.

In Uganda, 64 people were blown up while watching the world cup games by nameless persons that also are not at war but are peaceful, praise Allah.

Back in america, Obama's debt solution commission leaders said that, at present, federal revenue is fully consumed by three programs: Social Security, Medicare and Medicaid. They said america has a cancer eating it from within.
Erskin Bowles told governors, "We can't grow our way out of this, We could have decades of double-digit growth and not grow our way out of this enormous debt problem. We can't tax our way out. . . . The reality is we've got to do exactly what you all do every day as governors. We've got to cut spending or increase revenues or do some combination of that."

The NAACP is mad at the Tea Party because of racism because they feel that their place at the federal feed trough is threatened. White people owe blacks and that is that. So pay up crackers. And shut up.

The Fed's June report comes out Wednesday and the concensus is unicorns and rainbows...except that more panelists have lowered expectations than have raised them. Oh...and the dollar is deflating....really fast.
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Today's news is just weird. How can one evaluate all this nonsense? I can't. It just boggles the mind. I feel like I just read the musings of retarded folk.

Russian Soldiers Burn American Flag

Despite Obama eating burgers with Medvedev and exchanging spies, all is not well between our nations. This video shows Russian soldiers burning and trampling an american flag. Russian soldiers don't do anything without explicit permission from their officers and political leadership. The video clearly shows what Russian soldiers are being taught today.

Russians have been threatening to kill me my entire life. I'm almost 60 and still alive, so I'm bored by these mutt's threats. Me and the boys will drop you at 300 meters, strip your weapons and insignia then hang you from trees for the critters to feast upon. Open season with no limit, no tags and no rules. Here's what's waitin for ya'll. The finest american made 5.56 68 grain hollow point boat tail match grade bullet.

So c'mon Ivan, let's have some sporting fun. Our houses are protected by the Good Lord and a gun, you might meet em both if you show up here not welcome son.

Trust Has Failed

FT has an american economic analysis piece up today that takes some depressing comments by insiders and turns them into a cheerleading chant. As Buddy Larsen at BC said today, things are "just weird" recently.

Alan Greenspan recently said that the US economy hit an "invisible wall". Really? Invisible to who? I see this wall very clearly and apparently others do as well. Let me elaborate.

Most americans are wondering what just happened in the past couple of years. First our economy just implodes on an unimaginable scale. Did government regulators just miss that trillions of dollars were invested in unsecured financial instruments based upon bad loans? Or was something more sinister going on? Who sent McCain and Obama and how did the marxist get elected president? How does a GM go bankrupt? How does a Delphi shed all of GM's salaried pensions and turn them over to the taxpayers? Why would an elected congress ignore the majority of voters and pass legislation that they haven't read and most don't want? Why despite $1T of TARP bailout and another $1T of ARRA stimulus do we still have 20 million un/under-employed americans? How can we borrow more than the nation earns in a year and spend it all without anything to show for it? Why is the president bowing to kings, emperors and communist dictators while apologizing for everything that america has ever done? Why are the borders wide open to invasion and we must embrace the invaders?

No one seems to be able to answer any of these questions. Maybe the average american has lost confidence in the leadership of this country. Perhaps americans are thinking that they have been lied to and cheated. Maybe americans have lost faith in the whole american system and are afraid for their future. Do you think that this might be the invisible wall Alan?

The stores are empty because americans are poorer and just desperately trying to hold on to their piece of the middle class dream. They know that their pensions, savings and social security are in jeopardy and probably lost. Most americans know that they are the rich that our leaders despise and that their leaders are going to take what they have and redistribute it to the poor, who will piss it all away as they are wont to do. Americans know that they will pay more for less for their own healthcare and buy healthcare for someone that they don't even know AND who will not appreciate it. Ordinary americans know that FICA and medicare withholding are just another tax that they will not benefit from as the system is bankrupt and unsustainable.

Americans have lost confidence in leadership and institutions and will not regain confidence until something drastic changes. Even if leadership is changed, confidence in institutions will not rebound because americans will still wonder how our institutions allowed us to get where we are today. Trust has failed and thus the foundation of our society has failed.

This pathetic FT opinion piece makes a feeble attempt at cheerleading for the financial industry. It fails utterly. The summary paragraph says "The US economy is not yet in severe trouble. Rises in equity prices over the past few days have comforted optimists that confidence is returning. But the economy’s sputter over the past month indicates just how fragile the recovery is and how dependent America is on generating its own demand. And if it starts to turn down rather than simply to decelerate, policymakers turning to their arsenal will find it dangerously depleted."

So optimists are comforted. Okey-dokey. Optimists are self-comforting but rarely are able to inspire others with their feelings. Stating that the US economy is not yet in severe trouble will not send shoppers to the realtor, car lot or the mall. This statement will not inspire confidence for generating demand. The only weapons that policymakers have in their arsenal is borrow, spend then raise taxes. And lie. Dangerously depleted indeed!

We are in Depression 2.0 and the american consumer is not going to spend us out of it. When increased healthcare premiums, higher taxes on the middle class and cap-and-trade energy prices kick in next year, consumer spending and business activity will plummet. You'll start seeing more americans living like the poor souls in the photo. Or maybe the more aggressive kind that leave the government middleman out of redistribution and come to your house to personally redistribute your stuff.

The Race Card is Dead to Me

Another day, another angry young black kid commits a crime in public, police are summoned, kid acts squirrelly, cop gets his taser and fires (oops, that's the glock), bang, kid is dead, cell phone video is shot and the next thing you know the headlines scream "unarmed black child shot by white cop". No context, no cause and effect. Apparently the mean white cop walked up to a child, licking an ice cream cone, and pumped him full of lead. Never mind that Oscar got in a brawl that resulted in the police being summoned and the cop accidentally pulled his glock instead of his taser in the heat of the mayhem.

The cop was charged with murder, but was convicted of involuntary manslaughter. He'll serve some very hard time, as a cop in prison is an opportunity for revenge. Beatings, rape, not a friend to be found. His career and life are over. Sounds about right for an accident eh?

But it ain't good enough for the race activists in america. They demand the white man's blood for Oscar Grant's blood. And if they can't get that, well then they'll riot, burn stuff and loot some fine booze and appliances. There, that's better now, our bloodlust is sated for a bit, until the next outrage opportunity.

But not to worry, AG Eric Holder is going to look into the verdict. He won't miss an opportunity to always be a racist first and a lawman last. He be big on makin 'scuses for da bros cause cowardly white folk won't discuss racism. And black panthers blocking polls with truncheons who call for killin white children couldn't be racists. Dem be community activists.

Black kids shoot other black kids dead on purpose every day in america. Where's the freakin outrage over that? No riots or protests or looting. No cries of blood for blood by the state. Just more kids killing other kids for social status in the hood. And so the wheel turns...round and round....forever.

I'm sick of the hypocrisy of black activists. It's boring. The race card is dead to me.

Anya: Timeless Earth Goddess

Anya Kushchenko is back in the USSR. We're gonna miss this hot spy babe in america. She sorta looks a little like Jennifer Anniston eh? Apparently she humped her way through america's secrets and it was time to go home. At 28 years old and "kinky...wild...great in bed" she'll have a restless and breathless endless summer of love for a while longer. Eventually, she'll be a babuska with some great stories to tell. Thanks for the memories Anya, timeless mother earth goddess.

Millionaire Bolsheviks are Hypocrits and Liars

Another entertainer has been stricken from my list of those who I might listen to or watch. This time crooner Jimmy Buffet has demonstrated that he truly is wasted away in margaritaville when he recently blamed the BP oil spill on George W. Bush. Never mind that Obama took more campaign money from BP than Bush ever took from the oil industry or that Obama specifically expedited the Macondo prospect exploration. In Jimmy's besotted mind, Obama good-Bush bad.

Why do artists think that we want to know what they think? Just because you can sing well, pretend to be someone that you are not or bounce a ball doesn't mean that you're a thinker. In fact, most of the talented artists that I've known over the years are slightly retarded and can't really function in the real world. Add some alcohol or drugs to the addled mind and bloated ego and you have a train wreck of a human being.

Lindsay Lohan is a perfect example. She was cute as a child and kinda hot as a woman. The stars aligned for her and she made a career of acting. She wasn't particularly talented but she drew guys to the movies so that later they could fantasize about boning her. Then came the drugs and alcohol, followed by the carpet chewing and now we have a pathetic woman who will die young.

Jimmy needs to shut the pie hole except when singing, otherwise he will reveal that he is even more pathetic than the 64 year old hippie he pretends to be. You see, Jimmy owns two restaurant chains and a record label that pays for his island home on St. Barts. Jimmy is just another elitist who trashes decent people's names to suck up to a thug like Obama. Do ya think POR will tax the crap out of Jimmy to redistribute to "the people"? Or will Jimmy shelter his fortune in an off-shore bank like his pal Bono?

These millionaire bolsheviks are hypocrits and liars. The only thing they'll get from me is utter contempt.

We Been Tricked

POR have ruined many american futures and most don't even know it. The typical american goes to work, comes home, watches government spokemen on the MSM and thinks that the economy is slowly getting better. It's not and we're being intentionally lied to.

Pelosi,Obama and Reid have presided over the longest recession in american history, almost double the length of any previous recession. The nation is hopelessly in debt and POR just keep piling it on. These "leaders" don't even pretend to be honest anymore as they spend every penny that they can get their hands on while ordering people around like slaves.

The social security ponzi scheme has gone into the red five years ahead of schedule and our leaders won't even issue their annual report. Since FICA and Medicare tax receipts can't pay for current benefits, the government will have to borrow to make monthly payments to beneficiaries. If we can't afford current social security and medicare, how in the hell can we afford Obamacare? Passing this legislation was madness, passing this legislation in the midst of a depression is pure evil.

Then we hear that unseating democrats this fall won't change their agenda as they will pass lame duck legislation such as cap and tax, deficit reduction and union card check. The first two pieces of legislation will tax the hell out of americans while the last will give unions a stranglehold over the workforce and provide voting power to democrat candidates.

What kind of congress just states "we're not going to have a budget this year"?  We'll just deem that we have a budget then spend as we want. We'll fund teachers in defense bills, create new bureacracies in health care bills and do whatever the hell we want through 2000 page legislation that no one even reads before passage. This is no people's congress but a tyranny that rules slaves.

POR have looted the country then, out of spite, have pulled much of the foundation out from under the place. We are left with a ruin, a huge mortgage and a epic book of lies. It would be better had POR spread bubonic plague about the place to swiftly end our misery. But there's still time for them to drop some carcassses in the well before they drift off to their luxury retirement.

Trickey old B'rer Rabbit.

NUTSA

The National Aeronautics and Space Administration won't be putting men in space in a few months. No trips to the moon, Mars or even low earth orbit for this government space agency. But they will be performing their "foremost mission" which is improving muslim math and science self-esteem. WTF?

Our great-great-great grandchildren will still be paying interest on the money that crypto-muslim Obama is borrowing to make muslims feel good about themselves. Obama thinks everything is a community activist opportunity and is NUTSA at NASA.

Tuesday Tab Dump

"Setting immigration policy and enforcing immigration laws is a national responsibility," US Attorney General Eric Holder said in the statement.

Um yeah you freaking assclown. But since this racist, marxist activist won't enforce laws then states, such as Arizona, have to pass and enforce their own laws to protect American citizens from the invasion by mestizos and their drug gangs that cost every american $1117 per year.

Instead Obama and his gang sue Arizona for enforcing laws that they won't. We are ruled by thugs.

Meanwhile....

Obama and the supreme soviet borrowed another $210B in June. Yeah, that's right! In just one month. They're on track to borrow $2.5T in 2010. That will leave a mark on a few generations of americans. And what do we have to show for it? Well....nothing. It just disappeared into Obama cronies pockets.

We're living in a cartoon

The fate of Western Civilization lies in the hands of our womenfolk!

Like many others, 911 took me by surprise. I was probably more aware than most people of muslim terrorists, Al Qaeda and the historical basis of jihad but I was surprised that this war would come to America. But I wanted to understand what had gone so wrong in the world that this attack would even occur.

I went to the library and gathered geopolitical books that might shed some light on Islam and the regimes of the middle east. The revelations were useful but something else was going on. I went to the internet to learn more and soon found myself fighting the political war that raged there. Yes US troops were going to be fighting in Iraq, Afghanistan and other places but the real war was here at home.

I soon came to the conclusion that the reason that Al Qaeda attacked the US was because of the liberal culture that we exported to the rest of the world. Yeah, they could reject it but it was just as infectous there as it was here. Our culture wasn't just rocking boats, it was capsizing boats and throwing everyone in shark infested waters. Freedom baby, do your own thing, just do it! Sounds great at face value. But what about the responsibilities that come with rights? What about morality?

The US culture being projected abroad was a cult of personality; the doped up gangsta with his Glock, gold bling, Escalade, exposed underwear who was fucking every woman he encountered. In the business world it wasn't much better, global executives showing up with wads of cash, demanding that the locals do it the "American way" and utterly ignoring local culture and customs.

We projected an image of unconstrained personal power. As a Chinaman told me long ago, "Americans have too much freedom and too little sense of responsibility".  Our culture upset local social mores as their young people tried to become "American" and abandoned local sensibilities. Local adults were horrified and whispered that America was a bad influence on the young people. America became hated.

I became convinced that all of the problems that we faced could only be solved here. The James Dean "rebel-without-a-cause" male role model and the Lolita child seductress female model had to go. We had to stop telling our children they were special and giving them trophies for breathing. We needed to stop the commercials that showed success as the big house, the big car and being a star on the big screen day and night. We needed our parents and grandparents moral values that defined success and failure. To do that, we needed to reintroduce the concept of public shame.

Women are the key to this change. They have always been more powerful than they know. As a boy I learned very quickly that the approval of a woman was critical to my development as a man. Over the years I watched men move heaven and earth to win the approval of women. As I like to say, "I'd be running naked in the woods without the lifetime of work of my wife." Women need to set the standards of approval for men and stick to them.

But that doesn't mean that women become men nor that women expect men to become women. Men are dogs and neither women nor society benefits when a woman fucks any man-dog like a bitch in heat. And society can't exist if we all run about like terrified nannies worried about hurt feelings, bruises and what could happen when little Dick or Jane go outside to play.

I can't downplay the significance of women, but I can agree with exiled from Belmont Club commenter Whiskey that our culture has become far too feminized for most of us but has created a niche for the bad boy. The gangsta can live the vida loca, wet his wick whenever he wants and the women make sure that the rest of us guys clean up the mess and pay the bills. Eventually we tire of the game and go gangsta or just stop playing this losing game. Both of my grandsons endure this fate.

Race? I let the African-American and Mexican races speak for themselves. That both predominantly vote for democrats that enslave them to government handouts and make excuses for their failed lifestyles is telling. Their cultures are infestations that will destroy their host eventually. The surprise is that the host tolerates the parasite that is hollowing out Western culture. If pointing this out makes me, or Whiskey, a racist then truth is dead and I don't care.

So, this long post weaves to my point, which is, I came to Belmont Club and the internet to understand what had changed. I was surprised by what I found. It is not in my power to change, nor even influence it, because it has gone too far and I'm too old to be heard. I can only hope to influence my two grandboys but worry that I'm teaching them the old ways that have been discarded in the trash pile.
The initial promise of Belmont Club has become an echo chamber of frightened old men and women who merely gripe about what could've been but is gone forever. Whiskey says things that trouble their minds and might bring the Red Guard down on them, sullying their reputations and ruining their aging careers. After all, we must never cause hurt feelings, even if we are trying to help. Must maintain self-esteem and all.

I don't comment at BC because I don't have much to add, or I don't think my musings will be accepted or appreciated. I read Wretchard's posting, sample a few comments then move on. I comment here for the few that come to read my babbling s.

I've come full circle in my quest to understand why 911 happened. We brought it on ourselves by exporting a toxic culture. That's why "they" hate us. It wasn't just George Bush, or the violence of war. Hell, they hate us with a Kenyan-Idonesian cryto-muslim president. Russia and China aren't "hated" when they stomp the shit out of miscreants or hijack a country. It's the culture stupid.

So c'mon gals. Clean this mess up. You can do it. Let's hear you roar. I'll help. Just tell me what ya'll want me to do. The fate of Western Civilization lies in the hands of our womenfolk!

Independence Holiday Musings

There is a lot of quiet anger and distrust in this country now, more than I've ever seen in my lifetime.

Yesterday I took the day off work for another of our pre-retirement home improvement projects here at the bruig. In between work, the contractors expressed concerns about where the country was heading. One younger and one older, both distrusted leadership and thought things were getting worse. Later at my brother's house I heard similar comments by working men who normally would banter about NASCAR or holiday weekend plans.

Despite a cloudless, beautiful summer day there was a grim dreariness on the face of most citizens going about their business in Bruigville. The wife and I made a couple trips to the hardware store and we talked about the mood we saw on the faces of people we encountered. Quite odd for a pre-holiday afternoon. We also noted the lack of flags and fireworks, which usually were both in abundance the week before Independence day. Usually the fireworks are almost non-stop every evening before the 4th but there were just a few pops and bangs all week long. Something is different this year.

I've heard few references to Independence Day this year. Mostly I've heard "fireworks display" or some other vague reference to fireworks or long holiday weekend. Have we forgotten the reason for each of our national holidays? Is this holiday just the celebration of not having to work and making booms and firey lights in the sky?

My wife is an eternal optimist, always looking for the good in people and events. She sees the loving hand of God moving in all things and willingly does His work as a helping Angel on earth. I am the grim realist, having lost most of the magic of life decades ago. But even my optimistic wife is beginning to whisper that evil has fallen over the land and things are not as they should be. Both of us wonder who sent these leaders who would rule us with untalented, clumsy hands.

In ancient Ireland, the Dagda (the Good God) would smile on the land and the tuatha (the people) if the king was without blemish. Surely the Dagda is not smiling on us with the hideous leaders we have chosen to lead today. None could stand upon the Lia Fail and obtain a roar of approval by the land.

We're going to gather our family here at the bruig tonight, have a cookout and bonfire then watch the local festival fireworks from our backyard. I'll explain to the grandson why we celebrate our independence with fireworks. How a people told a tyrant that they would no longer accept his cruel rule and used fire and lead against his thugs to obtain freedom.

King George was covered with blemishes, including insanity. Our president is blemished with dishonesty, narcissism, homosexual acts and corruption. Much of our congress is blemished the same. None could stand upon the Lia Fail and hear so much as a peep. Many of the citizens of this land crave dependence on these disfigured leaders. Others wish for independence from the blemished tyrants and their cruel rule. Round and round the wheel turns. What was old becomes new.

I aim to raise grandsons that can stand unblemished before the Dagda, roar to announce their presence in the land then have the Good God smile upon them and the land. A grim, dreary life is not a life worth living for any son of Mil.

RIP Whiskey

Over at Belmont Club, commenter Whiskey was asked to stop commenting because his views on women and race were deemed to be borderline hate speech. This is a sad development for an otherwise interesting discussion place on the interwebs. This country has become a place where ideas cannot be expressed freely without fear of being cast out, which is one of the reasons why we can't solve any of the deep problems facing us. We are more interested in feelings than thoughts and disproportionately lash out at any deviation from existing memes. The first amendment is effectively dead. Next?

21st Century Great Depression is Here

The mask is off and no matter how the government talking heads spin it, we're in the 21st century Great Depression.  Unemployment up, home sales plunging and manufacturing slowing, there just ain't no good news. Obama's Summer Recovery died 10 days after birth.

Tyler Durden says it better than me "Another big leg down into the recognition that i) the recession was really a depression all along and ii) we are smack back in it. The ISM Manufacturing index came at 56.2 on expectations of 59, previous was 59.7. And the stunner - the prices paid index came in at 57 on expectations of 70, with a previous read of 77.5. The crash in margins will be surreal and companies will have no choice but to raise prices. And just so there are no mistakes that the Great Depression 2.0 is here, pending homes sales plunged a massive 30% on expectations of -14.2, and a previous read of 6%. This was the biggest MoM drop on record. Deflation is here, as is a full blown economic contraction, coupled with the complete pull out of the US consumer, who, absent government subsidies, will contain purchases solely to the iPad. Ben Bernanke has no choice but to print money now, or it is game over."

DOW 7000 or 8700? I really don't know where the bottom is but it's pretty clear that we're gonna find it soon.