As you may have noticed the (who gives a fuck) markets recovered 150 points to close down fifty rather than the full 200 points they were off earlier.
Understand good citizen they closed down fifty on the decidely feeble release from the ‘strategic oil reserves’ and a piss poor employment report.
Which is to say the ‘who knows what they indicate markets’ climbed 150 points on absolutely hellacious data!
WTF!
As I mentioned yesterday, Saab being unable to meet its payroll obligations was totally ‘off radar’ in the US Business press. You can be sure the resulting bankruptcy filing will make headlines for…30 seconds or so.
Why so brief?
Now we’re back to the old ‘if the mushrooms were going to pop in fifteen minutes, would they tell us?’
They don’t run stories showing the failure of capitalism because too many of us already fear capitalism is on its last legs.
While this SHOULD BE reason to celebrate, we have nothing with which to replace capitalism with. (We should qualify that with “nothing that is acceptable to the ‘status quo.’” There are dozens of hare-brained schemes to choose from and most of them serve as nothing more than an example of the developer’s profound ignorance of economics!)
Which would be more accurately manifested as your own, er, ‘less than adequate’ understanding of matters economic…which is how we came to be sitting where we are in the first place.
A Simple Plan replaces the fuckaree that is curently collapsing around our ears with a safer, more controlable system.
A system that starts, includes and ends with YOU!
Understand good citizen, your ‘participation’ in the current system is ‘optional’ and reliant upon YOU making yourself USEFUL to somebody that doesn’t give a fuck about your well-being!
In fact, if we were to shine a spotlight on what is ‘wrong’ with the globalized economy Where Have All the Good Jobs Gone? this article would spell out the disastrous policies of the ‘more for me’ crowd.
From the beginning of the 1980s, the trend of rationalization, which is characterized by plant closings, tended to jettison the jobs of unionized blue-collar workers. And from the beginning of the 1990s, marketization, which brought the end of the one-company-career norm, has placed the job security of middle-aged and older white-collar workers in jeopardy. Finally, from the 2000s, globalization, which drove the offshoring of jobs, left all types of members of the US labor force — even those with advanced educational credentials and substantial work experience — vulnerable to displacement.
Most of us trace back the destruction of our civilization to the Reagan administration.
The fact that the rape of our nation has gone unchallenged for so many decades says much about the ‘duplicitous nature’ of our so-called ‘leaders’.
But I digress…I’m more than a little worked up about yesterday’s bizarre turn of events.
It doesn’t help matters to have articles like this one turning up almost ‘on cue’…
Budget Talks Near Collapse as G.O.P. Leader Quits
The breakdown was set off by the surprise decision of Representative Eric Cantor of Virginia, the House majority leader and one of two Republicans participating in sessions led by Vice President Joseph R. Biden Jr., to quit the negotiations.
This week’s talks were considered to be crucial as the Aug. 2 deadline for an increase in federal borrowing authority nears. [snip]
“As it stands, the Democrats continue to insist that any deal must include tax increases,” Mr. Cantor said in a statement. “There is not support in the House for a tax increase, and I don’t believe now is the time to raise taxes in light of our current economic situation. Regardless of the progress that has been made, the tax issue must be resolved before discussions can continue.”
My readers won’t be ‘shocked’ by the news that the government has been ‘brought to its knees’ by Republican obstructionism.
As far as these turds are concerned, it’s a ‘win-win’.
The article goes on to explain that Rep Cantor ‘quit’ so he wouldn’t have to listen to ‘logic’ (that his constituents pay him well to ignore.)
You see, numbnuts thinks we can only reduce spending, raising revenue is out of the question.
This is what you get when you let the corporate owned media elect morons to public office!
The ballot box only works in conjunction with a ‘free press’. I don’t need to explain to you that a ‘for profit’ press isn’t by any stretch of the imagination, ‘free’.
It only stands to reason that the same thing applies to a population held hostage by a ‘surplus’ workforce.
Um, again I am ‘slouching’ in the posting dept. Had the day from hell yesterday (with everybody else’s troubles superceding my own priorities) followed by by my son crashing my equipment and losing the (nearly completed) document on me for the second time in a row!
Anyway, this time I was able to find the ‘recovered document’ mostly intact and proceed from there.
So, where were we? The (now enormous) surplus labor force.
Rather than admit the problem the lying liars continue to camouflage the crisis by.
In it’s own myopic way the article highlights one of the other stunning facts of the ‘jobless recovery’.
If you click through to the article you might notice that ALL of the people profiled are YOUNG.
Yes, some of them are in their thirties but guess what chief, despite what the media tells you, the hardest hit segment of the workforce is pushing retirement age!
The ‘kids’ are, as we can see, fed up with long hours and low pay…
Still, is job-juggling really sustainable, particularly when the next stage of life hits and there may be a mortgage and children?
Ms. McCarty doesn’t think so. She is looking for an end to her 80-hour weeks and meager paychecks. “I don’t want to be 30 and working a bunch of small jobs so I can pay my bills,” she said.
What the article doesn’t ask is where is this leading?
The article really doesn’t want you going there. You will find out where this is headed all too soon as the ‘artificial’ energy crisis hits and and civilization literally collapses, killing off large swaths of the ‘surplus population’.
We are just months away from this cataclysmic event.
The ‘end’ of the Mayan calendar is just a coincidence, a handy albeit convenient excuse.
Worse, it will probably be all over but the shouting by Christmas 2012.
The extent of the carnage depends on the stupidty of the people.
Keep your head and you’ll come out on the other side relatively unscathed (IF you have highly honed survival skills or are fortunate enough to join up with those who do.)
Your primary mission is to survive, your secondary mission is to remain ‘free’, which is to point out that the ‘easy path’ carries a very hefty price.
Better late than never,
Gegner
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