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Greetings good citizen,

Looks like today’s top story is yet another slap in the face to intelligence of the public.

How much of this tripe are you expected to swallow?

Dow Average Surpasses Record High as Market Opens
By PETER EAVIS 39 minutes ago

Since a low point in March 2009, the Dow Jones industrial average has more than doubled, stunning even the most seasoned stock market watchers.

Economically speaking, the past five years have been a train wreck in slo-motion for the 99% while the >One Percent has waxed ever richer, largely due to their control of ‘paper wealth’.

The higher the Dow goes, the poorer YOU get!

The curious part is YOU aren’t expected to notice the connection here. You see the shares in your IRA/401k rising and you cheer up…until you realize you’re ‘running in place’.

Actually you continue to fall behind because the rise in share price only partly compensates for the fall in purchasing power YOU’RE being ‘hammered’ with.
(THEY have a lot more shares so they’re making up for the ‘shortage’ with ‘volume’.)

Did I mention that the >One Percent has declared ‘Open Season’ on peasants?

We have long ago determined that the stock market is utterly divorced from anything to do with the economy; yet our corporate owned media still uses it as ‘barometer’ of economic health.

And ‘Once upon a time’ it used to be.

But how do you make sense of the Dow’s record high in a job market plagued by record unemployment?

The ONLY answers are FUNNY MONEY and/or COOKED BOOKS!

(Probably a combination thereof.)

Which begs the question of how long can our civilization survive these levels of dishonesty?

We’re back to the old sod about the stock market remaining irrational longer than you can remain solvent. (BECAUSE all MONEY is FUNNY!)

Perhaps now would be a good time to address this distressing charge I keep pointing to.

Why bother working if money is largely ‘meaningless’?

And that would be to take away the ‘wrong message’ from my very true insistence that (all) money IS ‘funny’.

Money only works for the individual. Society itself doesn’t ‘need’ it. (In fact it has proven quite harmful in the, er, ‘wrong hands’.)

We all know that money or ‘representative wealth’ can be manipulated. This is especially true under legal systems that are purposefully designed NOT to prevent this.

Sure we have laws AGAINST ‘counterfeiting’ but we have a very poor definition of what is or isn’t ‘counterfeit’.

Today’s top headline is a classic example of ‘counterfeiting’ but we don’t have a mechanism under which to prosecute this kind of ‘manipulation’ of the money supply.

Raising share prices arbitrarily is NOT illegal…although it SHOULD BE.

UNDERSTAND there is no basis in reality for the Dow (now largely comprised of financial sector stocks) to be at the highest level in history.

Can you say, “Stick ‘em up!” good citizen?

Because you now NEED to earn more to obtain the same level of purchasing power you had before the Stock Market robbed you. Money the already too rich to spend it didn’t need in the first place.

So why are they taking it?

What answer do you arrive at good citizen?

Are you think along the lines of how they intend to flush as much of the surplus population down the toilet BEFORE it rises up and demands its fair share?

You really don’t need to look too far for a motive, the old ones work just fine.

Oddly, the old ones have become ‘preventative maintenance’ at this stage in the game.

The ‘relatively well-armed’ US civilian population is the ONLY factor keeping our new oligarchs in check.

If not for an armed citizenry, I’d be in a gulag right now…

Thanks for letting me inside your head,

Gegner

Self-Defense...

Greetings good citizen,

Does anyone else find it curious that these clowns understand economics (some of the time) but do things they know will hurt (what’s left of) the economy anyway?

Let’s start with our top story from today’s NY Times:

Recovery in U.S. Is Lifting Profits, but Not Adding Jobs
By NELSON D. SCHWARTZ

Experts estimate so-called budget sequestration could cost the country about 700,000 jobs, but Wall Street doesn’t expect the cuts to substantially alter corporate profits or threaten stock markets.

.7 percent of the much-modified workforce will lose their income source but this WON’T affect the ‘bottom line’ of US based corporations?

Which is to point out that 700k is in fact a much smaller percentage of ‘working aged citizens’ but the workforce isn’t measured ‘rationally’ considering the bizarre idea of if you don’t have a job you don’t count skews the whole picture…

Is Wall Street ‘right’ about this assessment?

Sadly yes. Your job was exported and you were made ‘redundant’ to the new global economy. The individual they gave your job to ‘replaced’ you as a customer as well…making you totally superfluous.

The only reason there hasn’t been blood in the streets is because our ‘globalization is good’ cheerleaders haven’t been telling YOU the whole story.

They concentrate on the ‘lower prices’ part of the story (won through lower wages/benefits) as a ‘win-win’ situation.

The part where you lose is the few hundred million competitors who (completely) took YOUR place via the heavily manipulated ‘funny money market’ (which is about to collapse!)

In this respect it is more than a little amazing to see the corporate owned media laying this fact out in a way that shows everyone what capitalism has done!

How else can the US workforce lose such a large percentage of its workforce and not affect profits an iota?

This is where the rubber meets the road good citizen, If you have never considered yourself as ‘surplus’ before…it’s time to LOOK AGAIN!

Did I not point out that the policies of the past three decades point directly towards an effort to kill off as much of the 'surplus population' as possible?

Headlines like today’s TOP STORY should leave you with NO DOUBT who the cannon is pointed at…

It points at YOU!

If you aren’t a bona-fide member of the >One Percent, you’re toast.

Like things weren’t desperate enough, it gets more interesting:

Chinese Stocks Fall on Steps to Curb Property Prices
By DAVID BARBOZA 5:13 AM ET

China’s cabinet, or State Council, said home sellers would soon pay a 20 percent capital gains tax.

You don’t suppose Chinese equity prices are being ‘propped up’ by a ‘real estate bubble’ do you?

What do you suppose is going to happen when that little episode plays itself out?

Can you say ‘cascading systemic collapse’?

I knew you could!

For our last installment of ‘belaboring the obvious’ (seems to be the day for it.):

As Hacking Against U.S. Rises, Experts Try to Pin Down Motive
By NICOLE PERLROTH, DAVID E. SANGER and MICHAEL S. SCHMIDT

Motives for a cyberattack, which could range from industrial spying to disabling the power grid, remain obscure.

Given what we have already discussed, especially the part where it becomes obvious that YOU are being played for a patsy however you slice it, are YOU ‘mystified’ as to why ‘the capitalists’ are under heavy attack from the cyber-warriors?

I’d say it was ‘self-defense’.

The curious part of this unforeseen development is just how far will they let it go?

You know they’ve been looking for an ‘escape hatch’ for quite some time…could this be it?

Get out of dodge under the cover of a crippling (and likely self-inflicted) cyber attack?

We all know today’s capitalist/opportunists are a little light in the honesty department so I’d opine that it wouldn’t ‘surprise’ me.

But the corporate owned media is repeatedly astonished by such mundane occurrences as sunrise.

Thanks for letting me inside your head,

Gegner

Deficit

Greetings good citizen,

Naturally the rhetoric behind these mysterious ‘budget cuts’ appears to be as ill-informed as the rest of us are.

Is what’s happening now the end result of not reading what you’re being forced to vote upon?

Common ‘trick’ in modern politics…funny how one of the ‘advantages of democracy' was its alleged ‘deliberateness’, that everything was discussed and debated BEFORE it was put to a vote.

But (like many Republican budget appropriation bills) they get slipped into other, unrelated legislation and voted into law…’unwittingly’.

And that SHOULD BE illegal…but under our current system of ‘anything goes justice’, it is not.

So we are faced with (apparently) ‘indiscriminate’ cuts across social welfare programs…(gee, wonder WHO would have done THAT?) while the civilian branches of the military (that provide oversight) are bearing the brunt of cuts to the Pentagon’s budget.

Once again it looks like the Conservo-Whackos have been (as they will undoubtedly claim later) 'framed perfectly' for this crime against civilization.

We all know it’s those commie, (code) pinko, One Percent lovin’ LIBERALS that want to slash social security and throw poor, defenseless old people out in the streets!

Sure…

Liberal isn’t quite right…it’s those never met a tax cut they didn’t like LIBERTARIANS that ‘sneak’ stuff into other legislation so it can get passed into law unread and undebated.

In fact, the Libbies are so unpopular they can’t get a candidate elected beyond the state level.

And this ‘underhandedness’ is the reason why.

Their ideas (that even their rank and file are ignorant of) are so radical as to border on criminal.

You’d never voluntarily live under Libertarian rule but the cannibal capitalists (who already own everything) think it would be ‘fun’.

That’s why our bought and paid for justice system ignores ‘irregularities’ like unread legislation being slipped in with legitimate business and getting passed ‘en masse’.

Again our much-criticized corporate owned media has ignored this issue completely because their corporate masters want it this way.

The evidence that our government has been hijacked continues to mount while the vaunted ‘4th Estate’ remains mute.

Even more bizarre is how if you read this fact on the Internet, it automatically becomes a conspiracy!

Only the paper you pay two bits for tells you ‘the truth’ (as our corporate masters see it…reality be…oh well.)

And somehow this is NOT a ‘conspiracy’…

Let’s set aside the fact that nobody knows/can explain where these ‘budget cuts’ come from (although we can guess fairly accurately.)

And turn our attention to ‘the deficit’ (that the Republicans have quintupled since Reagan took office.) [And somehow this escapes being a conspiracy too…curious, don’t you think?]

If we start from the basis that ALL MONEY IS FUNNY and compound that with the fact that MOTHER NATURE DOESN’T HAVE A CASH REGISTER we have to ask the obvious question ‘WHAT DEFICIT?’

Actually no such thing exists…it is ‘faulty accounting’ driven by capitalist economics but the ‘conservo-whackos’ like to pretend it matters!

How unfortunate is it that this whole charade is a power trip made worse by extreme mis-management?

Even more disturbing is how this entire ‘conspiracy’ to push our current civilization off of a cliff can be chalked up to ‘Social Darwinism’ by the very ones who have been marked for extinction!

Even more ironic is how they’ve marked themselves (although in most cases their parents did it for them.)

Naturally I’m hoping for a public debate…how sad is it good citizen that my chances of success are roughly equal with Bradley Manning’s chances of being acquitted (despite not having committed a crime.)

Once again I end a piece with the admonition ‘what happens next is up to YOU!

Thanks for letting me inside your head,

Gegner

Sequester

Greetings good citizen,

How fitting to say, ‘another week down the drain?’

Which is what it will look like to the survivors of our collapsed civilization.

Did they really need to flush everything down the drain?

And the answer is yes; (if they wanted to escape prosecution then they ‘had to do it’.)

While it is unlikely that the collapse will be traced back to this particular incident (The actual ‘trigger’ is forty years in the past…far too late to stop or change course.) This ‘budget madness’ (brought on largely by political psychosis) will be viewed as one of the shoves that knocked civilization over the edge.

Note how the media is still ‘pretending’ that there are two parties. It makes you wonder whom they think they’re fooling? The half dozen or so Republican ‘true believers’ perhaps?

Today’s headline reads:

TOP NEWS
As Cuts Arrive, Parties Pledge to Call Off the Budget Wars
By MICHAEL D. SHEAR and JONATHAN WEISMAN

As a deal to break a budget impasse failed to emerge on Friday, both the president and his Republican adversaries said they would not carry the fight over the cuts into the coming effort to finance the government.

Since ‘neither party’ (and it’s become impossible to tell one from the other as they are both the lapdogs of the ‘One Percent’) blocked the dreaded ‘sequester’ the only logical conclusion to be reached is the One Percent WANTED the draconian budget cuts.

(Less money the government needs translates directly into more in THEIR pockets, right?)

How long do you think it will be before they (the One- Percent) abandons the pretense and starts issuing ‘royal decrees’?

I suspect it won’t be too much longer as the psychosis deepens with each passing day.

We can only assume the beatings will continue until moral improves…

One of the factors ignored by the corporate owned media (and they know its there) is what the ‘sudden discharge’ of hundreds of thousands of soldiers is going to do to the job market.

Only a tiny portion of these guys have ‘civilian jobs’ to return to. If it weren’t for the military they’d be unemployed too!

What do you suppose their sudden return (en masse) to civilian life is going to do to an already staggering job market?

Because that’s what the ‘sequester’ is going to do. It will slash the military budget and the generals aren’t going to take it in the shorts… so this leaves?

Now, veteran-hiring preference will put yet another obstacle to an already reeling over 50 crowd, desperate to save what they’ve spent their whole lives building.

But what the heck, the over fifty crowd has proven to be both passive and complacent, unwilling to ‘rock the boat’ even to save themselves…(or their kids) from oblivion.

Because in a cosmic karmic kick in the pants, the kids who are throwing their parents on the scrap heap today will see the same thing happen to them in the not too distant future.

Where does this stop?

When the safety net gives way…which actually means it is unlikely that karmic retribution will be visited upon the blind children of the privileged.

While civilization has taken some incredible punishment recently it doesn’t mean it will tolerate abuse indefinitely.

Eventually the switch will flip and the words on everybody’s lips will be ‘death to the tyrants!’

(Because we are ‘herd animals’ after all, despite Republican rhetoric to the contrary. The ‘rugged individual’ is a [downright dangerous] myth perpetuated by the ‘more for me’ crowd.)

The interesting thought experiment here is you WILL NOT FIND ANYONE who professes to ‘love capitalism’ after it causes the collapse of society.

It will make you wonder why, if everyone hated it so much, did they put up with it all of their lives?

Should you be impertinent enough to ask, you won’t get an answer, at least not a straight one out of the average sheeple.

Instead you’ll hear what you hear today, the ancient ‘bad advice’ about going along to get along.

Evil flourishes whenever honest people do nothing and that’s the ‘net yield’ of the go along to get along rubric.

Unquestioned is the fact that no one will (openly) oppose the destruction of our civilization.

Those elected to ‘uphold the law’ have failed utterly and deserve what’s coming to them.

I suspect it is more than just my opinion that our politicians won’t be judged kindly by those they have rendered destitute…

Thanks for letting me inside your head,

Gegner

Impasse

Greetings good citizen,

The Kabuki dance that passes for our government is being presented to convince you that the BAD (non-existent) LIBERALS are responsible for the ‘automatic austerity’ that somehow found its way into law.

Naturally, to that end, we have this headline:

Boehner Halts Talks on Cuts; G.O.P. Cheers
By ASHLEY PARKER

Speaker John A. Boehner seems to have decided that he may have more to lose by negotiation over the impending spending cuts than letting them happen.

Just to provide a clear starting point you must be aware that the ONLY reason the Republicans have retained control of one branch of Congress is to provide the ‘illusion of conflict’.

The voters of this nation aren’t that stupid…but they are powerless, thanks to the mis-steps of the founders.

Conservative rhetoric aside, we all KNOW who is responsible for the economic devastation being visited upon us.

The conservo-whackos keep pointing to the liberals (who no longer exist) claiming they are responsible for policies that passed during conservative administrations!

Why is there A SINGLE conservative in government today? Because the electoral process is rigged!

Hanging chads and all…(like we need to go there.)

The >One Percent tells their very willing puppets what to do and they do it.

Is this eventually going to get those puppets lynched? Undoubtedly! But that day has yet to come.

I remind you good citizen that the only people who need secrecy are people who are up to no good as we see in this headline from today’s front page:

Soldier Admits Providing Files to WikiLeaks
By CHARLIE SAVAGE

Pfc. Bradley Manning confessed in open court to providing vast archives of military and diplomatic files to the antisecrecy group WikiLeaks.

Even more tragic than his arrest is the track record of the current administration towards ‘whistle blowers’.

And naturally, the, er, suspension of the young Pfc.’s rights makes the whole situation reek of justice being steam-rolled.

But that’s the funny thing about coups…they don’t give a fig about justice! They exist to PROTECT THE GUILTY!

Once you start doing that your whole justice system falls apart.

World’s largest inmate population…broken justice system, guess what? They’re related!

Record income inequality and a corrupt banking sector…related again!

You don’t have to look very far to find links that stretch right down to the local level.

The ‘rot’ goes right to the core!

Here you sit, waiting for the other shoe to drop.

Miraculously things haven’t come unraveled (yet) but tick-tock good citizen, that old clock just keeps ticking off the seconds to zero (and you know it's going to happen soon because nothing is being done to head it off.)

(Ironically, acting to prevent derailment will be the most likely cause of one!)

Hmmn…maybe that’s what’s behind the latest Republican strategy!

Hanging in the balance here good citizen are school systems across the nation.

However, this situation is not unprecedented, across the south school systems closed during the (former) Great Depression due to ‘lack of funds’.

Given our inevitable conversion to a Banana Republic, this will be viewed as ‘no big loss’.

Thanks to ‘financial manipulation’ we have already been rendered ‘uncompetitive’ by those (union busting) conservative ‘haters of freedom’!

You either cut the schools or you cut fire and police…and you know the only reason Fire and Police protection exist is to protect the >One Percent…

YOUR tax dollars at work…protecting those who oppress you!

Same as it ever was.

So…what do we do about our ‘runaway government’?

Short answer, replace it.

Thanks for letting me inside your head,

Gegner

Shadows

Greetings good citizen,

It’s one thing for me to repeat (ad nauseum) that our civilization is on the verge of collapse and quite another to present the evidence that proves it.

Thus it is my pleasure to present to you the ever popular Shadow Stats!

No. 505: January CPI, Real Retail Sales and Earnings, Existing Home Sales, Subscription required February 21st, 2013
• Real Earnings Fall Year-to-Year • January Year-to-Year Inflation: 1.6% (CPI-U), 1.5% (CPI-W), 9.2% (ShadowStats)
• Aside from Not Measuring Constant-Standard-of-Living Inflation, The Chained-CPI Is Too Unstable for Setting Cost-of-Living Adjustments
• Outlooks Unchanged for Ongoing Economic and System-Liquidity Crises and for Inflation Crisis to Develop in Year Ahead More ...

Yes good citizen, while all of the picky pundits continue to insist the problem will be ‘deflation’ and not hyper-inflation, the central banks of the world are running the presses in ‘hyper-drive’.

WHEN (not if) the global supply chain shuts down we will instantly be faced with ‘too much money chasing too few goods’…typically notable by the frantic ‘bidding up’ of prices…also known as ‘hyper-inflation’.

No. 504: January 2013 Housing Starts, PPI and PPI and CPI Revisions Subscription required February 20th, 2013
• January 2013 Housing Starts 61% Below High of January 2006
• Annualized January PPI Headline Inflation of 2.5% Was 7.1%, Before Seasonal-Adjustment Muting
• *Revised Seasonally-Adjusted Inflation Data Suggestive of Instabilities in Monthly Headline Reporting More ...

Inflation is still in ‘runaway mode’ while the government continues too ‘cook the books’ (just like they do with the unemployment numbers.)

*Note Mr. William’s subtle nod at the accountant’s difficulties keeping the data, er, ‘credible’.

No. 503: January 2013 Industrial Production
Subscription required February 15th, 2013
• Annual Production Growth in January Slowed to Pre-Recession Levels
• Monthly Production Decline Was In the Context of Continued Volatile and Unstable Reporting
• Production Benchmark Revision in March Should Show Weaker Activity Than Previously Estimated More ...

‘Pre-recession levels’…so how’s that recovery (that nobody but the pundits and the financial sector has been able to see) coming?

You know as well as I good citizen that there is no recovery. There isn’t going to be one. The plunge stopped (temporarily) to let the economy ‘adjust’ to the new normal. Then it will plunge again.

In this case the ‘it’ in question is the economy and the global one if you want to be more specific.

No. 502: January 2013 Retail Sales
Subscription required February 13th, 2013
• Retail Sales Continued to Stagnate, Reflecting Intensifying Structural Liquidity Issues for the Consumer More ...

A single (harrowing) bullet point but what does it point to, eh, good citizen?

Anyone? (Bueller) Anyone?

(and the geeky kid in the back says,) “It’s pointing to the failure of capitalism!”

Does the teacher hand the kid an ‘attaboy’ or detention?

What would YOU do?

No. 501: December 2012 and Annual Trade Balance, Consumer Credit Subscription required February 8th, 2013
• Little Changed for the Year, 2012 U.S. Merchandise Trade Deficit Still Reflected [the] Cumulative Loss of 6.6 Million Jobs
• December Trade Reporting Suggested Upside Contribution to First Revision of Fourth-Quarter GDP
• New ShadowStats Graph of Consumer Credit Outstanding More ...

Not that there was much of a ‘choice’ (The whole system is designed to provide an ‘illusion of participation’) but where was this data during the run up to the election?

Or were conservo-whackos worried that bad jobs numbers would bite THEM in the backside…because we all KNOW who is responsible for destroying the economy.

No. 500: SPECIAL COMMENTARY U.S. Government GAAP-Based 2012 Financial Data
February 5th, 2013
• GAAP-Based Federal Budget Deficit Hit Record $6.6 Trillion in 2012
• Five-Year Average Annual Shortfall at $5.2 Trillion
• With U.S. Facing Mortal, Long-Range Solvency Issues, Hyperinflation Remains a Virtual Certainty More ...

I don’t know what to tell you good citizen, there is obvious fraud in the markets and impending collapse in the supply chain, both of which spells disaster for our species.

What needs to be understood up front is both are the result of mis-management…to the degree of criminal negligence.

There is profit in crisis and the capitalists intend to inflict the ‘long emergency’ upon the rest of us.

This WILL lead to civil unrest and revolt.

DUMP CAPITALISM NOW!

Thanks for letting me inside your head,

Gegner.

Hell in a Bucket

Greetings good citizen,

Nothing is more poignant than the daily headlines for driving home the point that our civilization is scroomed!

We need look no further than the top story in the business section for proof:

DealBook
Obama’s Nominee for S.E.C. Tries to Allay Skepticism
By BEN PROTESS

Mary Jo White, President Obama’s choice to lead the agency, is telling Congress she can avoid conflicts of interest despite her Wall Street clients.

I’m not kicking the poor woman in the shins but who do you place in a sensitive position like that who ISN’T an ‘insider’?

My ‘problem’ with this choice is not the chosen but the chooser, who has proven to be Wall Street’s boy from day one.

We have already witnessed some well qualified appointees resign in frustration…and if this woman has integrity it is likely she too will go the way of her predecessors.

But it gets better:

The budget cuts scheduled to start taking effect on Friday would affect all facets of the federal budget, including aviation and military spending.
Austerity Kills Government Jobs as Cuts to Budgets Loom
By BINYAMIN APPELBAUM

The federal government is cutting back at a pace exceeded in the last half-century only by the military demobilizations after the Vietnam War and the cold war.

Graphic: Austerity Is Here

Um, that last headline is a bit deceptive considering the government has been spending at an ‘unprecedented clip’ since this whole ‘War on Terra’ thing got started.

How ironic is it that if they were serious about reducing ‘terrorism’ in the world they’d make their most promising progress by slashing their own budget?

Not only has the invasion of Iraq and Afghanistan lasted TWICE AS LONG as WWII but it has also been TWICE AS COSTLY!

Yet you don’t hear the conservo-whackos screaming to cut the Pentagon’s budget, do ya?

No, instead we get headlines like this:

Durable Goods Orders Drop as Aircraft Demand Falls
By THE ASSOCIATED PRESS 47 minutes ago

A sharp drop in demand for commercial aircraft caused overall durable goods orders to drop 5.2 percent last month, but orders for core capital goods like machinery, equipment and software rose 6.3 percent.

How ironic is it that the same sort of ‘phenomenon' accounts for the recent ‘surge’ in home prices (after years of flat lining.)

When the whole economy is deader than a door nail, a 5% reduction in orders for commercial aircraft really spanks you in the bottom (line that is.)

Housing prices are up ‘relative to what they were last year’ (and not 6 years ago when things were booming.

It may be ‘the biggest increase’ SINCE then but what are they really saying?

I saw some twit last night proclaim that if they could keep up the pace the current ‘inventory’ would be ‘sold out’ in just 4 months.

What a crock! Guess who’s buying all of the houses?

Why it’s our old pal Flipper, (betting he’s finally going to find renters at long last!)

Guess what?

Flipper is…WRONG AGAIN!

And like the last ‘bubble’, Flipper is going to ‘walk away’ when the renters fail to materialize.

But our next headline shines a light on the current state of economic affairs:

DealBook
Regulators Block Ryanair’s Latest Attempt to Buy Aer Lingus
By JAMES KANTER 19 minutes ago

As the European Commission blocked the attempt by Ryanair for competitive reasons, the Irish carrier reiterated that it would appeal the decision in court.

In a ‘saturated market place’ the most you can do to boost the bottom line is ‘buy market share’ (by buying our the ‘competition’…then sticking it to the customers!)

Turning down this merger is the right thing to do…however, it isn’t over yet.

If you can’t soak the public you can always take the sure route of soaking the government:

EADS Profit Soars 19 Percent
By NICOLA CLARK 7:28 AM ET

The company says it made about $1.56 billion in 2012 thanks to commercial aircraft sales, even though its military segment struggled amid budget troubles in the United States and Europe.

What’s the old saying, ‘war is good business.’

Wrecking stuff then getting paid to rebuild it…can’t beat that racket.

It’s a ‘self-reinforcing circle’.

Better shake a leg here, we’ve still got a lot of ground to cover.

Fed Defends Stimulus in Testimony to Senate
By BINYAMIN APPELBAUM

Ben S. Bernanke told senators that the central bank saw its campaign as necessary and effective, reassuring them that its benefits outweighed any risks.

Economix Blog: Does Bernanke Have the Best Inflation Record? | By Unemployment, Not So Good
Home Sales and Bernanke Calm Market

How does Helicopter Ben justify bailing out the world’s financial system (to the tune of 22, we don’t have ‘em, trillion) to a financially incompetent legislative body?

If there were a half a brain between the 500 plus of ‘em, they’d know the system was bankrupt without even asking ‘the Bernank’…

The only reason the home sales are calming the market is because they (the corporate owned media) believes the average citizen is too stupid to figure out there is no ‘recovery’ in the housing market (nor will there ever be!)

And again we are expected to be shocked by this latest revelation:

News Analysis
Italian Deadlock Rekindles Anxiety About Euro Zone
By LIZ ALDERMAN and JACK EWING

The apparent political gridlock signaled by its elections raises new fears that the euro crisis may be far from over.

European Markets Dip Amid Uncertainty
Italian Parties Maneuver After Electoral Split

Does ANYONE truly believe the Euro-zone crisis is over, seriously?

Then we have this ‘gem’:

Officials have recommended that nuclear plants like Nine Mile Point in New York install new safety equipment.
Post-Fukushima, Arguments for Nuclear Safety Bog Down
By ERIC LIPTON and MATTHEW L. WALD

A dispute is developing between the nuclear industry and regulators, and among the regulators themselves, about the necessity of more safeguards at power plants.

Graphic: Tasks Remain for the American Nuclear Industry

Let’s ‘cut to the chase’…the only ‘safe’ nuke is a cold one…but if you shut down the nukes without first installing adequate renewables the entire grid would shut down in less than a day.

Better to let the candle remain lit than to curse the darkness.

And finally:

DealBook
Wall Street Pay Rises, for Those Who Still Have a Job
By SUSANNE CRAIG 6:39 AM ET

The average cash bonus for people employed in New York City in the financial industry rose by roughly 9 percent, to $121,900, in 2012, the New York State comptroller said.

U.S. Banks in 2012 Posted Highest Profits Since 2006,

The Litany of Woe was quite detailed today, a rather good ‘capture’ if I must say so myself.

Thanks for letting me inside your head,

Gegner