All Together Now

Some think that Merkel and Sarkozy are preparing to go right around the EU treaty to allow the ECB to buy sovereign bonds. The ECB is prohibited from funding government debt. But why let law get in the way of a crisis that is too good to let go to waste? If EU leaders can aggregate all power to Brussels then their will is done.

The US is onboard with this plan. The Fed quietly moved a record $88B last week to "other outflows" on it's balance sheet. Where is this "other"? IMF for Euro coverage?

We're all together now, the debt boulder is chained to governments (people) on both sides of the Atlantic. When the EU goes down, americans will be right behind. Don't ever forget who put that chain on you.

Euro on Death Watch

Italian 6 month loan interest rates were 6.5% last week. Two year interest rates went to 7.8%. Unsustainable by any standards. Italy is too big to rescue from default by the ECB or even the IMF. When Italy defaults the Euro will collapse, banks will collapse and society may well collapse. No one knows how bad it will get or what will happen.

The British are preparing for a Euro collapse, including "riots and social unrest". The Telegraph said "Some economists believe that at worst, the outright collapse of the euro could reduce GDP in its member-states by up to half and trigger mass unemployment.
Analysts at UBS, an investment bank earlier this year warned that the most extreme consequences of a break-up include risks to basic property rights and the threat of civil disorder."

This blow to the global economy won't leave the US economy intact. Buckle up. 2012 will be bumpy.

Messages

Justin Rollins died in Iraq. His dog, Hero,was brought to america. ABC 20/20 visited the Rollins on a cloudy day to film the story when a supernatural beam of light focused on Hero. This is the same effect I witnessed when my mother died, a high pitched tone and a short, single beam of light in the northwest sky. God allows messages to be sent. I'm just sure of it.

Don't Want This Night To End

The Euro is on death watch after the failure of the recent German bund sale. The world just registered a vote of no confidence in the failed civilization known as Europe. Investors fled to the dollar for temporary safety until next crisis comes here. And it will. The failure of the supercommittee, the coming broach of the temporary debt ceiling, the declining GDP growth will provide no safety when Europe falls deeper into depression. There is no safety.

Growing up in the 50s and 60s I saw a lot of what we would now call poverty. Not the helpless sort of poverty that we see in modern american ghettos but just low standard of living. Few big, new houses, one television in the house, one car in the drive was typical.  Then we all thought we were wealthy and went head-over-heels in debt to live the good life. The high standard of living that we all deserved. Even the impoverished, jobless deserved a 52 inch LCD TV, a Cadillac and a G4 cell phone with a data plan. Ridiculous!

Then we got the DOW 12K based not upon wealth but upon debt. The DOW would be maybe 6600 if it were based on real wealth. Wages have tracked a DOW 6600 and so has real wealth. Now that we are coming to realize the truth that this debt will never be repaid, the wealth that supposedly backed it is collapsing. Real US GDP is probably closer to $8T than $15T on reset.

But most people don't pay attention and the rest have dreams. So we continue to live the fantasy, the lie that we're all wealthy. Even though our salary and our paycheck-to-paycheck existence tells us otherwise. We don't want this night to end.

Tags: I Don't Want This Night to End, Luke Bryan, Luke Bryan Videos

China Trouble

Spengler is sharp! China has challenges. Trust, demographics, corruption. But you and me won't care. We'll be rotted meat.

The finger

Obama is a fucktard. When international anchor babes start giving you the finger, you're done.

Mohammed El-Erian is terrified. He's frightened that there's a 50-50 chance of recession and that we're right where we were coming out of the 2007 financial collapse. As he should be. The dumbasses (or evil bastards) in charge of the economy couldn't run a goddamned convenience store.

Tatiana is my hero. Let's salute all our leaders in this manner. They all deserve the finger. Fucktards all.

Crisis to Crisis

Supercommittee wasn't. But again, who thought they might cut expenses or make a deal on taxes? Meanwhile the eurotards are busy kicking the can down the road to apocalypse. Spain elected a conservative government but it's a little late for that. Recession is roaring our way. Or deeper Depression, whatever you want to call it.

When sequester cuts come we're liable to see bleeding unlike america has ever seen before. We're not the same people we were in the 30s.

Obama saw no American Exceptionalism. Next the world gets to see an america that can't act as global policeman. When defense cuts kick in, cutting $454B the US military will draw down forces and cut weapon systems. Oh, we'll still have the most powerful military on earth but it will be more automated with far fewer expensive humans. We see how that works with the automated, high tech CIA.

Ultimately the only thing that keeps the US on top is the miserable condition of the rest of the world's economy. China may one day be on top, but top of what? A rat hole. Absent freedom and belief in a deity the Chinese are doomed to live as slaves to a state that couldn't care less about them. Russia, India, Brazil, Europe? Dying crapholes.

The US will live from crisis to crisis.

Now we know

The military is denouncing Pfarrer's account of the SEAL take down of Osama bin Laden. They're going with the Obama story that the SEALS just shot him in the head as he stood there helplessly. That's the american way now. Piss Obama off and jack-booted thugs will bust into your bedroom and shoot you in the head. No american exceptionalism here. Just cold-blooded revenge like Qaddafi received. Now we know for sure.

Ominous

Ominous! When honorable firms call it quits because government has become organized crime, we're finished.

Thunderdome

Tomorrow should be interesting. OWS is planning anti-social mayhem although the most extreme terrorist was taken into custody. Another OWS protester took a shot at the white house and was taken into custody today. But Buckwheat Obama still loves his ringworm and scabby infested Maoists. He must have plans for them next November.

Europe is sliding ever so slowly into economic disaster. Willem Buiter had some scary shit to say today. The DOW fell back below 12k again today on panicky comments from pundits. Oil prices are absurd. $110 bbl in 2012 and $118bbl in 2013. Based upon what? Global growth? Perhaps it is to be the new reserve currency in the Thunderdome.

Note to Readers

It's so odd seeing what readers come to the Bruig to see. Obama Gun Ban, Normal Distribution Curve, Jennifer Anniston eating bananas...oh my. The Googlebot leads them here by scouting the Bruig every day. Take Sarah Palin 's ass for instance. I don't have anything on Sarah's ass. No stories, no photos, no nothing. But the Googlebot sends folks here for her ass. Weird! Sarah ain't selling her ass, and it's not what she's known for, but people come to see it.

So I'm disseminating knowledge with the help of the Googlebot. Students come to get my normal distribution curve, patriots come for understanding about Obama's Stalinist politics but others come for visual aids for titillation.

I'm just venting my frustrations with the help of the ever-present Googlebot. A few of you come for fellowship... but most are here to get stuff. Oftentimes stuff that I wouldn't provide if I knew what they were going to do with it. I appreciate the few regulars who come for fellowship. Thank you for reading. I hope my rantings amuse and illuminate. We'll go down this path a while longer, until I falter, fail and fall. And I will...eventually we all fall. But not today, not now.

Modern civilization sucks

After losing my job in automotive semiconductors three years ago I thought I'd found work that would take me to retirement in energy storage cleantech. The company had good science, government funding and deep connections in automotive, heavy transport, military and grid energy storage. But European partners fell on their faces and destroyed our automotive based business model. So we're restructuring. Right now funding is Ok and leadership has a new business model and customers to lead us into the future. But it's scary.

The chaos and carnage in the modern workplace is more than anyone should have to bear. But especially us old guys. We should be able to give our best years of work in peace without worrying if we're going to have a job tomorrow. My grandfathers and father didn't have to live in terror of losing their job every day.

The world has just gotten too big and disconnected for our good. Counting on someone in another county, let alone another country, to give a flying crap about you or your job is fantasy. It's all about greed now. No one gives a shit about anyone else. Not even the pricks who live next door.

Many Penn State fans are instructive. They don't care if their neighbor's sons get fucked in the ass so long as Penn State wins football games. Sound like the Taliban in Waziristan? And these are your fine neighbors living amongst you. Modern civilization sucks.

Everything is winding down.

Panetta has played his Desperation Card to stop defense cuts if the Supercommittee can't cut the budget. He will fail. Americans aren't serious people any more. Why? Anyone who lets spoiled young adults run around shitting in parks is not a serious person.

A nation that let's it's manufacturing base move overseas, won't harvest energy and let's it's youth rot away can't afford a reliable military or defense. Serious people will have their way.

The first snow fell today. Tonight we will see the first frost of the season. Everything is winding down.

All Gone

After pushing the global financial crisis around the world for the last three years and building an epic house of cards for two decades it looks like the whole thing may well blow up in our faces. Everything was a lie every day. The businesses, the houses, the cars, the educations but mostly the pretend wealth that funded it all was just a lie.

Greece and Italy are finished. There just isn't enough wealth to prop either up. As banks try they will fail and push more into failure. Who knows how bad it could get? Just too many lies that have gone on for far too long. Who do you trust? Who hasn't lied to you?

I did my job, I did what I was asked to do by my leaders for the last 36 years. But they all lied to me about everything. Now everything is wrecked. In hindsight, I should have shot them in the head when they first started sounding nuts. But I trusted them. Now it's all gone.

Osama's Real Death

Chuck Pfarrer has a vastly different account of the takedown of Osama bin Laden than reported by senior government leadership. Pfarrer describes a combat operation that culminates in 90 seconds with Osama diving across a bed for a weapon then being shot in the chest and head in rapid order in the final seconds. This was not an execution.

This scenario matches my expectations of the US military. It's too bad that our government can't be honest and forthcoming about this operation. But they lie about everything. So SEALS get slandered as murderers.

Deflation

Shilling thinks that deflation is already here. Financial assets, tangible assets, commodities, wages and currencies have deflated. Only government and goods and services remain. Bernanke and the global banking system have failed. Of course they did, everything was a lie all along.

Shilling also says housing has lost 43% of it's value AND unemployment is really 16.2%. In other words...ruin on a national level...for at least a decade. Maybe forever if the OWS crowd gets their way and promotes a powerful central government.

Those who think that you can have a global middle class are nuts. Oh you might have one, but it's not going to look anything like a 1950-1980 american middle class. More like Mexican lower middle class or worse. And with 7 billion humans on the planet, there's going to be al ot of suffering.

Easy

Tags: Easy Featuring Natasha Bedingfield, Rascal Flatts, Rascal Flatts Videos

Rascal Flats and Natasha Bedingfield perform "Easy". A very interesting duet. Country music and British Pop meet for some unknown reason...but with good effect. Natasha steals the song with her classy vocals. I love Natasha's expressions in the video. She is so nonchalant and real as our Cinderella.

November Comes

Fed is trapped so no QE3. The Greeks have rebelled and all the October DOW gains are gone. We'll be damn lucky to hold DOW 11K as this rout plays out. Who knows? MF Global bankruptcy, Greek rebellion and powerless central banks? We may see Armageddon.

Samhuin decorations down and stowed. Check. Two thirds of my leaf fall in compost. Check. Evening campfire with the grandson. Check. It was a damn good day for an old man.

Now if my work can stay out of bankruptcy. No customers or income until 2Q2012. It's touch and go until then. And rumors are flying. Not a thing I can do about it though. I'm just along for the ride with 271 weeks left to work.