Friday, August 6, 2010

Insult to injury...

Greetings good citizen,

At last glance the stock market was headed for (another) steep sell-off. This means little to anyone who isn’t retired or living off of ‘fixed income’.

No, what’s disturbing is the factors behind this sell-off, the long denied (but ongoing) contraction of the economy that was ‘supposedly’ in ‘recovery’.

Tell me good citizen, what do you make of this bullshit?

Where the hell are the ‘green shoots’ (now over two years old) when employers pull crap like this?

More Workers Face Pay Cuts, Not Furloughs

Talk about ‘blowing smoke up your ass’, these cocksuckers are throwing people out of jobs just to keep their ‘bottom lines’ looking healthy.

We have already passed the point where there is nobody left to cut. They can’t get rid of more headcount without seriously impacting ‘deliverables’ and you know what I’ve been saying about ‘supply lines’…

No deliverables, no income, no income no paychecks, no paychecks, no purchases…you know where this is headed.

Understand good citizen, the objective here is to maintain the ‘illusion’ of normalcy…everything is just fine (as long as you don’t start putting one and one together…)

Credit ‘standards’ have been blown out the window. We live in a time when nobody is ‘creditworthy’, which is to say nothing about how risky borrowing has become.

Which is to belabor the obvious, our former ‘operating model’ no longer works. There are too many sellers and almost zero ‘qualified’ buyers.

As most of you are well aware, there hasn’t been any increase in overall commercial activity. The ‘profits’ the majors keep reporting are very much like the profits banks keep posting, ‘miracles in modern accounting’.

Back in the day (days that will soon return) performing this type of ‘miracle’ would get you thrown in prison and often considerably worse (like being entombed alive within a bridge abutment/building foundation.)

How long can you claim to be making money solely by spending less?

This isn’t the kind of strategy that builds strong social foundations but today’s financial wizards are nothing if not incompetent.

The deliberate mismanagement of society is deeply disturbing across the board. It takes an exceptionally sick individual (and even sicker followers) to even contemplate genocide on the scale this will lead to.

How ironic is it that the only rational explanation for this level of depravity is religion?

These sick bastards honestly think they are doing ‘god’s work’.

That’s something that should keep most of us awake at night…

Thanks for letting me inside your head,

Gegner

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