Shit is blowing up, bitches. You know, to be honest, I always kinda accepted that this would happen eventually. Like I’ve said, I typically side with Austrian economics, rather than Keynesian, and have always scoffed at the idea of throwing good money after bad. Only recently, maybe as of the last 18 months really, did I fully recognize the severity of the situation that the U.S. found itself in just a few years ago. I don’t think most people truly understand the outcome of failure, had nothing been done to remedy the situation. Economic failure would have only beget the series of events that would have unfolded. I don’t want to describe them as everyone has probably read a doomsday scenario or two. However, if you do understand the contrast of the two outcomes, first doing nothing or second doing something, then you realize why the decisions were made: WE HAD TO.
We had to try to prevent the collapse of first world countries, due to financial risktaking going awry.
But now where do we find ourselves? Still in a heap of trouble, thanks to career politicians, corporate interests and the devolution of society that is now witness to the masses not simply unable to understand what’s going on around them, but actually not fucking caring.
Over in Asia we have China eating everyone else’s power pie slices, since they like three things more than anything else: Saving, Working and Educating. (As noted in a previous blog, “The tail that wags the dog that wags the tail”) I’d move to China, seriously, except I can only eat so much boneless bbq spare ribs with pork fried rice lunch specials.
In Europe we have idiocy of a collection of varieties. We have Italian idiocy, Greek idiocy, German idiocy, etc. I guess Greece doesn’t really feel culpable for having a major hand in current events, despite the growth of their debt to >200% GDP. WHAT THE FUCK? Here’s an idea: Those crafty swiss can sell a gagillion francs of debt with their negative yields and then buy Greece. It’s a wonderful idea, really. Then the Swiss can ski and shit in the winter and island hop in the summer.
And here in the U.S. we have Barama cockblocking Bernanke, Repubs cockblocking Dems, Teaparty cockblocking Repubs and them all circle jerking while cockblocking the citizens. It’s now a frontpage C.N.N. storyline because Barama is going to raise $1B for his campaign. WHY DOES HE NEED $1B FOR A FUCKING CAMPAIGN? Because the people are so stupid, so uninvolved, so impressionable, that $1B can literally buy you a seat in the white house. Meanwhile, once this Barama gets in, he immediately pushes through thousands of pages of new legislation and baramacare while also trying to fix the job market. Does this barama not realize that when you contort, bend and literally make a maze of rules and regulations, you might deter companies from hiring? He wanted to leave his mark on the Presidency so bad, that he had to usher in baramacare with such horrible timing so as to literally prevent the country from caring, since the primary concern of citizens now is our highspeed rail pass to fucking failure. Well, he certainly left his mark…FAIL.
Who knows what this market is going to do this week. We could be down 100 S&P as quickly as we can recover it. There is no elevator down and stairs up anymore, since the market likes to sashay between collapse and spaceshuttle launching ascents. I’m >60% cash and I own some gold and silver ETF’s, so I’m going to enjoy watching the funds of Paulson, Tilson and others blow the fuck up. At some point, we’ll be oversold enough and the market will snap back so fast it will break your neck.
That said, I’ve got tons of thoughts that I’d love to put into words this month, on subjects ranging from: Why it’s bad that pro athletes earn what they do, Why professional politicians disgust me and how incentives can go wrong, Why our tax system needs to be scrapped, etc. etc. So be on the lookout, I’d love to create some good discussion among intelligent people. (Thus, no unintelligent people allowed)
Good luck this week.
If you enjoy the content at iBankCoin, please follow us on Twitter
Nice Chivo,
Looking forward to reading and commenting on some of those future posts as many of those subjects are ones I love to debate as well.
Well done sir, even with the ickey imagery.
“And here in the U.S. we have Barama cockblocking Bernanke, Repubs cockblocking Dems, Teaparty cockblocking Repubs and them all circle jerking while cockblocking the citizens.”
Good stuff!
Does anyone else find it ironic that politicians of all ilk say we don’t have enough money to do this or that? But when campaign time comes around they have NO problem raising huge amounts of cash. This is not a recent phenomenon either. It’s been going on for ages.
good stuff. enjoy your writing. sad to say though but Im excited to see jupiter’s response. angry dude, but hilarious.
I love rich professional athletes.
They are a robust source of funding, are generally too stupid to tell the difference between a good idea and a bad one, and aren’t to be pittied if you accidentally blow up your fund and level their accounts to zero.
LOL