Friday, August 17, 2012


Greetings good citizen,

As should surprise no one, news of the train wreck that is the Eurozone remains sparse and guarded…while conditions on the ground deteriorate into chaos (not Anarchy!)

Um, the Stupidity Markets have traded sideways most of the week, unable to justify further upwards movement but unwilling to reflect the crumbling global economy.

Remember good citizen, stocks are what make rich people rich!

For what it’s worth, here’s Friday’s top business headlines:
U.S. Reliance on Saudi Oil Heads Back Up

Imports of oil from the kingdom have grown by more than 20 percent, leaving the United States vulnerable to tensions in the Persian Gulf.

Wait a minute Slim, don’t we get the ‘bulk’ of our fossil fuels from Canada and Venezuela? Mining the ‘Tar Sands’ has boosted, er, ‘domestic’ oil production by a half a million barrels per day.

So what’s this horse-pucky about? Is this another ‘red flag’ being waved by the war-mongers in the Pentagon?

Or are we simply expressing our ‘concern’ for the ‘well-being’ of our allies?

Give it a fucking rest, will ya?

Blood for oil is only a ‘good idea’ if it’s not your blood.

The next headline appears to be murkier than usual:
Treasury Changes Fannie and Freddie Bailout Deal

The government is changing the terms of its bailout agreement with Fannie Mae and Freddie Mac in a way that will shrink the holdings of the two mortgage giants more quickly and will require payment to the government of all quarterly profits the companies earn.

Hmmn, that last line is a puzzler, isn’t it? What kind of ‘quarterly profits’ are we talking about if the bailout is ‘ongoing’?

Left to our imaginations is how a hybrid-public/private corporation makes a profit by guaranteeing mortgages?

The whole process just doesn’t compute yet here we are.

How frigging sick is it good citizen that BOTH of these entities EXIST to SHIELD banks from the ‘liability’ of lending to the ‘less than creditworthy’ consumers? (a situation of their own making?)

And how many BILLIONS has the government forked over to keep these two ‘charitable organizations’ operating?

And there you have it, good citizen. The strength of the public, supposedly ‘backing up’ our (failed) banking system (at the public’s expense!)

Speaking of ‘failed banking systems’:
Euro Watch
Merkel Backs European Central Bank

Angela Merkel, the German chancellor, supported conditional support for Spain and Italy, but a Finnish official suggested that euro zone leaders were preparing for the worst.

Talk about ‘mixed signals’, what the hell are we supposed to make of those two conflicting messsages?

Um, does anyone give a fuck what Angie supports? And it also stands to reason that the other Euro-zone leaders are ‘preparing for the worst’…even when that means getting out of Dodge before the rush because there isn’t anything else they can do once the currency ‘collapses’.

By now it has been stated by hundreds of sources, mathematically, there is NO WAY OUT OF THIS CRISIS VIA CAPITALISM!

And if you don’t have A REPLACEMENT FOR CAPITALISM, IN PLACE, before they hit the reset button, they are only ‘postponing the inevitable’.

I get a kick out of these assholes who say there’s a way to ‘protect yourself’ from the coming collapse because you KNOW they’re full of shit!

Owning gold is inviting death or at the very least robbed AND swindled (if you’re EXTREMELY LUCKY.)

IF you want a chance at ‘protecting yourself’ you need a small stockpile of ‘trade goods’, common commodities that other people would be willing to swap you something you need for.

The more common, the safer.

Whiskey (nips of all kinds) beer and cigarettes will all be high value trade items.

Nips without seals will be considerably tougher to move due to the high levels of fraud that exist now…but later fraud will be punishable by death so it will become less prevalent.

Speaking of fraud:
Wall Street Opens Mostly Flat
By THE ASSOCIATED PRESS 41 minutes ago

It appeared in early trading that investors were still digesting a mixed bag of earnings from retailers.

Um, save those who cater to the >One Percent, NO Retailers are earning profits. The rise in ‘aggregate’ retail sales is due to the recent spike in energy prices…and DOES NOT signify a ‘resurgent consumer’.

NOBODY is MAKING more money so nobody is spending it…it really is that simple.

Which is a little misleading. The >One Percent CONTINUE to increase their share of the global economy as they consolidate their ownership of the global markets.

Which does YOU ‘the consumer’ ZERO good.

Having only one source makes you, by default, a ‘captive audience.’

Now the relentless pursuit of profits means the only way to increase shareowner value is to 'adulterate' the product.

So how long will it be before you’re being sold pet food that is mostly rat poison?

In a captive market NOTHING stands in between a capitalist and his profits, not even dead customers.

Thanks for letting me inside your head,


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