Peter The Hermit -- Handling life in the Age Of Malevolence

 Financial Crisis
Unprecedented political events put our petty personal problems in perspective. Only health problems can come close to being more detrimental to each of us than America's new government has the potential to be.
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Attention losers, whiners, takers, & complainers:  Most of you deserve what you are getting & did not deserve what you have lost.

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Obama Is A Deranged Control Freak
BO operates fascistically. But he is not a fascist. He is not a Marxist, socialist, or Communist.
Obama is not an ideologue.
BO uses ideologies as tools to control people. Obama is a control freak.
Serfdom
For several decades American labor unions and independent workers have complained that their jobs were being exported to nations whose labor forces worked for lower wages.
American labor now rejoices because auto companies and other manufacturing will remain at least temporarily -- and some may return -- to US soil. American workers will have their jobs on the assembly lines and in light and heavy industries.
American labor fails to recognize that many workers are now employed by either foreign-owned companies or the US government. Corporate profits will be exported to foreign owned corporations or appropriated by the US Treasury. Profits will no longer be re-invested directly into the US economy.
American labor also fails to recognize that it continues to compete with foreign labor for wages and jobs. When American labor's foreign owner-employers decide to export these jobs, they are not likely to return.
Paraphrasing Hayek, there is a road to serfdom and American labor has earned its role as serf.
Worst Of The Worst
Why is America filled with so many psychologically warped, crooked, and philosophically inept politicians?
Because America is the Land Of Opportunity. Anyone who has any real skill chooses to be earn success through honest, productive work and has confidence in his abilities. He gets a real job.
Understanding
Quicksand is everywhere.
When the lid is removed, inhibitions vanish. Natural instincts prevail.
Young Pathetic Barry lacked the intellect to comprehend and understand.
The Obvious
Americans no longer need to see Obama's college grades in order to judge his worthiness. We now have living proof.
Imagine that you had been been put in charge of the most successful nation, society, economy, and culture in history. What would you do?
You would strive to ensure that its foundation, basic principles, and fundamental values were maintained and strengthened.
Obama has announced that he will change America. How stupid is that?
TO: Timmy Giethner, the man who connived to not pay pennies on his personal income taxes:
In an immoral society there is no value in moral suasion.
Timmy, forget about trying to influence Americans. Your lack of morals makes you impotent in this context also.
All Americans Are Warren Buffets
...But most are too stupid to realize it.
Americans are born owning 100% of all the stock in themselves. It is free. We pay nothing for it. It is guaranteed by the US Constitution and the Bill of Rights. And we are free to accomplish all that we can and we are free to fail.

The Fed's Beige Book
This most-watched-for tome is often touted as being a very recent compilation of important judgments and opinions from serious economists and erudite thinkers from within the hallowed walls of the twelve Federal Reserve Branch Banks and some nearby laboratories.
In actuality, Bloomberg News reports that the Fed's Beige Book is:
"The Beige Book's regional anecdotes are gathered through hundreds of telephone calls, news clippings and personal contact by the staff of the 12 Fed banks, whose districts cover all 50 U.S. states. The anecdotes are designed to supplement quantitative forecasts of the Board of Governors staff."
It appears -- very plausibly -- that the Fed's Beige Book is merely more talk coupled with chatter smattered with anecdotes... likely talked-up between all those silly people driving SUVs while endlessly talking on their cell phones between slugs of bottled water.
And you thought they were making plans for lunch.
A man does what he can and endures what he must until he can end the test.
Their Tiresome Journey Appears Complete
Thoreau was off target:  Many go through life in quiet deprivation.
What have they won?
Two Questions
1.)  How does it feel to lose, America?
2.)  How does it feel to lose America?
Return To Primitivization
From BO -- the effeminate version of a male -- to MO -- the bared & buff-armed, masculinized version of a female -- the entire Obama phenomenon has been, remains, and will eventually be perceived as the culmination of the lost gender identify equalization and transposition.
All the while civilized individuals continued working to make progress by creating, inventing, and discovering. Civilization turned its back and thereby allowed itself to be mugged by the primitive.
And now primitives rule the civilized.
Why Are These People Celebrating?
Because they knew first-hand...
Bravery is doing a dangerous thing without thinking about it.
Courage is knowing the immense risk and doing it anyway.
Divisive
Obama arrogantly believes that he can divide Americans, paving his way to an operational takeover including his domestic militia, socialism, and fascism.
Obama fails to understand the American people because he is not culturally an American. He fails to understand the American psychology and Americans' need to live free enjoying our inalienable individual rights.
Obama will fail implementing his primary objectives of changing America into a socialist state and dismantling capitalism. Instead, he will push Americans into uniting against him.
Were We Destined To Do This To Ourselves?
"Tocqueville considered the tendency of democracy to degenerate into either the tyranny of the majority or what he called soft despotism, a sovereign power that "extends its arms over the entire society; it covers the surface of society with a network of small, complicated, minute, and uniform rules... it does not tyrannize, it hinders, it represses, it enervates, it extinguishes, it stupefies, and finally it reduces each nation to being nothing more than a flock of timid and industrious animals, of which the government is the shepherd."

Democracy In America, Book IV, Chapter 6

Fortunate
I count my good fortune and opportunities every day. That is why I am so busy.
From Where He Comes
The answer is in. After centuries of theoretical discussion, debate, writing, and analysis. The answer has been demonstrated through live tests on living humans in nations around the world. The answer has been repeated in complexity and simplicity. The correct answer is clear.
Make no mistaken interpretation of Obama. So... change?
I feel so bad....
Several times each minute I feel an uncontrollable need to exhale CO2.
And several times each minute I feel an uncontrollable need to inhale O2.
I hope I don't get hauled away to the Camp For Uncontrollable Organisms. ...Although I would be in better company than in many American cities today.
As GM Goes, So Goes America
Today the axiom must be restated for accuracy. It now accurately is, "What harms GM, harms America".
Americans stand on the sidelines as their jobs and their precious auto industry is being hijacked.
Petism
Ah ha...! That explains it. Definitively.
What former Attorney General Edwin Meese remembers most about Ronald Reagan.
"I think I remember most the fact that he was always cheerful and optimistic. You couldn't have had a friendlier person to work for. He always was considerate of others and was just a magnificent human being."
Imagine what people will say about BO.
BO In The White House
He doesn't know what his job is so he will do a staffer's job instead.
Having BO in the White House is like the weather.
On Running & Marathons
Wow!  Such a large crowd of derriere orifices.
More bothersome than the sweat generated is the concept of so many people wasting so much time preparing for, executing the event, and oscillating afterwards, telling and retelling stories in grand detail inside Starbucks over the next months about just how they tripped, caught up to, passed, and gloriously finished the event.
So much self-importance and pseudo achievement likely overwhelms their pea brains.
Obama's Connection To Chavez
It flows directly through Chicago.
Lost Forever?
Have Americans permanently lost their appreciation for cool cars? No, not trucks, SUVs, or econoboxes.
Have Americans permanently lost their appreciation for women who are feminine? No, not buffed-up, hard-edged, females who speak with little girl nasalized voices.
Have Americans permanently lost their appreciation for men who are mature males. No, not skinny, weenie-voiced boys who are over twenty-years old, but act like they are 12.
If the answer to any one of these questions is yes, America is lost never to be found. And each and every American of both genders is out of luck. Americans will never know what they have lost and are missing.
"When men yield up the privilege of thinking, the last shadow of liberty quits the horizon."
Thomas Paine

...and the meek weak shall inherit engulf the earth.
Everything Has Already Been Said
Plato, Locke, Aquinas, Hume, Burke, Cicero, Machiavelli, Spinoza, Bastiat, Confucius, Hobbes, Descartes, Adam Smith, von Mises, Mill, Locke, Hegel, Aristotle, Hayek, Kant, Rousseau, Luther, and many others have spoken.
Some spoke eloquently, some less eloquently, but each espoused wisdom that, if applied to all human being's psychology, economics, and lifestyles, could cure all ills. Curing all ills could release people's mental, physical, and other resources leaving them free to create, be happy, and not annoy, disrupt and control others.
Everything that ever needed to be identified, defined, analyzed, explained, and re-explained has already been so and totally machinated. Enough already!  All that is best and worst, correct and wrong, economically productive and economically fails has been covered!
Now all human beings, as well as those creatures lumped in and referred to as human beings must choose their side. Then, after everyone has chosen his position, each must separate into widely-dispersed geographic locations and go on about their lives as they have chosen. They must each and every one leave all other groups of people alone to go about their lives.
Many reading this will choose North America, Europe, and the Middle East. Other people may choose South America, Africa, Asia and the Asian subcontinent. Some deserve to be relegated to the bottom of the Pacific Ocean... and even that is too good for them.
OK, on the count of 3, everyone shift to his chosen region...  and stop meddling with other people... -- 3.

The totalitarian nihilism of fascist and communist statism is re-approaching.
Wisdom Known
These people know about you. They knew long before today's useless idiots came to power.
OpportunityLand
America is such a Fantastic Grand Land Of Opportunity that she makes becoming successful appear easy -- almost an entitlement.
Many Americans today blame anything other than themselves for preventing their success.
Someday these dunces may realize that even under BO's Communism, fascism, and massive redistribution plan, it continues to be their own shortcomings that keep them unsuccessful and average at best.
But no. Most people will continue to blame anything other than themselves for their lack of success and ease of failure.
More American Failure
Microsoft is another GM.
Microsoft manifests the same arrogance and complacency, and produces poor quality products.
GM became infamous for re-labeling its cheap, poorly-built cars under its premier brand names. For example, GM re-labeled its Chevrolet Vega calling it a Cadillac Cimarron. Both cars were junk and failed in the consumer market place. The Cadillac name was corrupted.
Microsoft will soon re-label its failed Vista operating system under the name Windows 7.
Sharing
For a society's standard of living to increase, invention and discovery must be ongoing. There must be a continuous stream of new inventors and discoverers to enhance and build upon the inventions and discoveries of their predecessors.
How much denigration over how many decades should the most-capable accept?
Please Explain
The New York Times reports a frequent opinion of Judge Sotomayor. When speaking at the annual Judge Mario G. Olmos Law and Cultural Diversity Lecture at the University of California, Berkeley, she said, "I would hope that a wise Latina woman with the richness of her experiences would more often than not reach a better conclusion than a white male who hasn’t lived that life".
A society is built upon the sum total of all its people's decisions.
A wise man rarely over estimates himself.
A wise man never ever over estimates others.
PTH
I wonder why Americans no longer wonder.
I wonder if Americans are dead.
PTH, You Know What
~~~~~~~~~~~~~~~~~~~~~~~
I wonder why. I wonder why.
I wonder why I wonder.
I wonder why I wonder why.
I wonder why I wonder!
Richard P. Feynman, Physicist
The Force Is With The Militia
BO has allowed only 6% of his several-hundred-billion dollar, so-called stimulus package to be spent.
Obviously BO privately knows capitalism -- that is, hard working American capitalists -- will be the force that actually lifts the economy from its near-depression depth.
So what will BO order the remaining hundreds-of-billions of dollars be spent on? The answer is that he will apply it to the building of his domestic militia force. That is the force he alluded to during his campaign. He stated it should be as strong as the US military, but handle domestic affairs.
At some point -- perhaps after the 2010 election and several additional months of non-recovery, BO will order the establishment of his domestic federal militia. It will hire many of his still-unemployed, young followers, thereby giving many their best-ever paying jobs. And so much fun today's juveniles have never had. They can whack anyone anytime. They will be clothed in BO sunrise logo uniforms and handed equipment to maintain order.
Billy club anyone?
Remake America?
Americans will need to answer the 200-year-old question.
Unprecedented interference and manipulation of the US financial system, General Motors, and Chrysler demonstrates that BO is not wasting time with socialism or Communism. BO is moving directly to fascism.
1974
Sears Tower was opened for business in 1974. It was planned to be the international corporate headquarters for Sears, the world's largest retailer.
In 1974 Sears Tower was the world's tallest building.
Sears is a metaphor for the United States of America. The relatively small Sears collapsed quicker than the massive USA. This story provides the parallels to allow the reader to chart the US' inevitable path over the next several years.
The fate of the United States of America is traveling along a similar trajectory of failure.
Rebukes are easy from our betters,
From men of quality and letters;
But when low dunces will affront,
What man alive can stand the brunt?

Jonathan Swift, 1667-1745
A Quiz For You

Name a group whose members too often cannot live by rules, regulations, procedures, laws, and principled guidelines.

Hint: It is the same group whose members too often commit crimes, use violence, lie, cheat, steal, and deceive.

Prize: To know the answer is to prevent mistakes.

The totalitarian nihilism of fascist and communist statism is approaching.

Why It Does Matter To You
"In Germany, they came first for the Communists, And I didn’t speak up because I wasn’t a Communist;
And then they came for the trade unionists, And I didn’t speak up because I wasn’t a trade unionist;
And then they came for the Jews, And I didn’t speak up because I wasn’t a Jew;
And then . . . they came for me . . . And by that time there was no one left to speak up."

Considering the other side of economics, the real world where consumers buy stuff, speculators have inordinately driven some commodity prices upward beyond speculative reasonableness. They are piling in excessively over too long a period. Are they hedging in the true meaning of hedging? They are likely to pay for over-speculating some day during a NASDAQ-type collapse where prices drop incrementally and, in practical terms, never recover in anyone's lifetime.
Vulnerable markets include real estate, oil, many stocks, and corn. The equilibrium adjustment (return to normalcy) we are currently witnessing in financial stocks is typical and part of this equilibrium quest.
 
President Reagan's Disservice
President Reagan's grandest disservice was his orchestration of the fall of the evil empire, the USSR in 1989.
Today, people who became only somewhat conscious since the Berlin Wall's fall in 1989, remain utterly self-involved & uncaring. They believe the world is a naturally beautiful and free place.
Today's juveniles (anyone born since around 1970) will learn through pain and financial abuse that megalomaniacal, evil, dictatorial, demagogues arise from within liberty, usurp rights, and create the next evil empire.
The next evil empire will be more empowered and much more difficult to extinguish than were Stalin's or Hitler's. And we have no Reagan or Churchill in sight to save us from our ignorance.
Why Is He Bowing?
American military personnel will die to keep our flag from touching the ground.
This abysmal excuse for an American has managed to shame himself and embarrass America before the world beyond anything heretofore seen.
Where Have The Men Gone?
Many businessmen have experienced cash shortfalls and operating difficulties. Those men worthy of managing businesses find creative ways to maneuver their company out of financial and operating difficulties. Even owners of service businesses can successfully maneuver, avoid bankruptcy, and grow their company into prosperity. General Motors celebrated its 100th anniversary in September, 2008.
Men starting with William C. Durant, GM's founder, overcame bigger problems than those facing GM today.
Arrogance
Arrogant people believe they are potent on a scale they contrive and fool themselves into believing is natural, universally-applicable and absolute.
Arrogance is a leading indicator of failure.
Competitive Currency Valuations
The global financial crisis was caused by one group of people who did, and continue doing one thing: That group consists of the unworthy Americans who have stopped paying their mortgages, equity lines, student loans, credit cards, and other financial obligations.  Learn more.
Are you capable of understanding why your income will eventually decrease just as those for Wall Street employees you despise?
Because you don't deserve so much money either.
Driving
Many Americans have now been trained to run lights & stop signs and tailgate. The nastiest, more juvenile, and envious aggressively work to goad a street confrontation.
You Won
That is correct. You won. Your side defeated the other side. Your side is now in charge. It is in charge because the other side will with integrity abide by the rules of good sportsmanship.
Your leader is empowered to restructure the nation that allowed you.... No, the nation, The USA, whose integrity, fair-mindedness, laws, cherishing of liberty and the rights of the individual -- that's YOU -- empowered your side's win.
Your leader will change the economic, social, cultural fabric and systems that governed your nation. Your leader will change the nation in ways that ensure it will be impossible for it to ever regain its respect for you, the individual and your rights.
How did you get so very lost, needy, and alone that he could make you perceive him as a god-like creature? You support and worship this creature as if he were god-like. Why? To what end? For what gain? What good do you foresee for yourself?
Do you worship and allow him his power in order to become a recipient of the free gifts your god-like image has promised? But how can he give those free gifts to you? He possesses nothing except what he takes from others who work to earn that which he plans to take and promises to give to you. He must redistribute from those who earn to you using powers that he will eventually turn against you.
Are you beginning to understand? When might you begin to understand? In order for your god-like image to give to you he must change the nation that guaranteed your individual rights and your freedom to earn your own fruits legitimately? He must restructure America.
Others like this god-like image you perceive have tried similar restructurings. Others like you have surrendered their rights to those they perceived as god-like. Each and every of these efforts failed. They failed, but not before millions like you were trampled by the change they, like you, lusted for.
Your side won. But your side will lose. We all will lose.
How long might you support the god-like creature whom you worshipped for his voice and ethereal phrases? How long will you follow this false god who daily demonstrates that he is lost?
He is more lost than you.
Satan Personified
Anyone who works to destroy the United States of America is evil. A man entrusted to lead the United States of America who works to dismantle capitalism and individual rights is evil.
Several banks and AIG & many pension funds & more are illiquid and broken beyond being patched and covered by the US government... or even an international consortium.
If the BO administration really wanted to stimulate the economy and fortify the financial structure, it would do the obvious and proven thing. It would provide a 50% tax cut across the board for business and individuals.
Perhaps the newly-re-revised AIG bailout will include trading CDSs on CME. It is one of the next steps to slimming down the magnitude of the toxicity. But are they actually aiming to reduce toxicity?
Instead, the BO administration is implementing its plan for social engineering and redistribution from any remaining successful businesses and individuals to unworthy and unsuccessful individuals.
BO is making a major crisis irretrievably catastrophic by not developing a comprehensive plan that encompasses all financial institutions NOW!
BO and his Alinskyite minions are ensuring that capitalism collapses. They provide additional depressing shoves over the cliff daily with unending negative talk.
The US Constitution guarantees individual rights for all. BO should be impeached for violating his oath of office. That oath includes commitment to protect and defend the US Constitution.
The administering of his oath was botched live and then redone in the Oval Office apparently with no video recording! What are Americans accepting? What have Americans lost? Will they ever realize?
Broken, Over, Done, Finished. The End.
Those who are under 50 years of age must read the history of markets to learn about the days when markets fluctuated based upon fundamentals and technicals.
In October, 2007, we experienced the final, last, and harshest death scream of the Reagan bull market. Now we know exactly when it was born and how long that bull lived: Born: August, 1982 - Died: October, 2007.
No, really Warren?
Berkshire Hathaway's Chairman Warren Buffett announced that the company experienced its worst year ever in 2008. Its per-share book value declined 9.6%.
So... let's see. It's hard to make money in a down market? Yes. Now people may learn that it's easier to profit in an up market such as America's capitalistic boom following WWII, especially when it was given a massive boost by President Ronald Reagan's policies which caused the 25-year-long Reagan bull market of 1982-2007.
Perhaps even Warren Buffett will be less god-like during the coming depression.
The entire culture has turned into one filthy school yard filled with bullies, weenies, and jerks. The time to stand up & punch 'em out is approaching more rapidly each day.
It's Not Simply A Bear Market
It's the fleeing of capital from a socialist government & all markets under its control. This bear market was provoked and is being fed by socialism.
Searching For The Bottom
The only way to play today's abnormal markets is to accept them as the current normal, play them accordingly, and wait to lose. Each buy was a reasonable bottom-fishing response. Each resulted in losses, or at best, minimal short-term trading profits. This exercise demonstrates that the quest for a bottom is a dangerous and unnecessary unknown. It is always unknowable. Deadly consequences are wrought upon those who know they know.
Is This The Bottom?
Following 1929's stock market collapse, RCA stock declined from over 500 to under 5 within a few years. It did not return to 500 -- ever.
Impossible
The Constitution of the United States guarantees each individual's right to a free life, liberty, and the pursuit of happiness by any means he may choose that does not interfere or detract from the same rights of all other citizens. It is not conceptually, legally, morally, or ethically possible....
Restructuring Boomers
Boomers are the most entitlement-based generation ever and just don't stay spooked very long. This could be the beginnings of a permanent decline. America may have already had its day in the sun.
Objective
Evaluate all strategic and tactical legislation, propaganda, and operating & personnel reorganization by BO as having been cautiously and meticulously planned to serve his long-term objective.
His objective is to turn the US into a wealth redistribution machine. The successful will be required to support the unworthy.
It matters less whether a man is born smart or dumb. What matters more is that he acquires the ability to act wisely.
Why
Mean-spirited resentment joined with anger, envy, and jealousy motivate most people much of the time.
5th Amendment
There is no need for the 5th amendment these days. No one uses -- or needs it.
The liars, cheats, & thieves simply get sworn in & proceed to lie. Why not? God? Personal integrity? Quest for the truth? Self respect?
Any?
When -- if ever -- the global depression begins to end, global credit lock-ups unlock, the US & other major economies cease their downward spiral and start growing ever so slowly...
will there be any arrogant, ignorant, overly-empowered, know-it-all, narcissistic, self-involved, under-educated juveniles left standing?
Political Office
Why do many Americans prefer stealing to win rather than achieving to win?
Do not they know that to steal makes a win invalid?
Thank You, USA
On January 31, 2009, the Iraqi people voted in their second free election since the USA-led liberation of all 26 million Iraqi people freed them from the sadistic, deadly, dictatorial Saddam Hussein regime.
Surely millions of Iraqi people want to say, "Thank you, USA, for sacrificing your finest military men and women and allowing the division of your people into the wise and the unwise".
Self Defeat
In an ongoing, repetitious, unending stream, nearly all major economic indicators point to a continuing decline in available jobs, manufacturing activity, the housing market, investment and asset valuations. Prices for cars and homes are declining, but there is little credit available, so purchases are difficult and less likely than is required for economic growth.
Until investors believe they may invest with a reasonable opportunity to make a profit, they will not invest. Until confidence returns to markets, credit will remain in tight supply.
Open Display
During his inauguration celebration which was in actuality celebration of the United States' inauguration of its 44th president, Obama failed to appear at the Salute to Heroes Inaugural Ball. Obama is the first president to skip the ball since its inception in 1953.
Method 1959
"We can't expect the Americans to jump from capitalism to Communism, but we can assist their elected leaders in giving Americans small doses of socialism until they suddenly awake to find they have Communism."
 -- Soviet Leader Nikita Khrushchev, 1959
Pied Piper Econ 101
On January 20, 2009, several bank stocks declined over 20%. The following day it was reported that CEOs of some of those institutions had bought stock in their own institutions.
Listen to the sweet investment flutes being played just for you.
Confidence
As of January, 2009, US bank assets are approximately $12.2 trillion. That is about $1.1 trillion more than in August, 2008.
Who says the liquidity lock is just a matter of liquidity? It is a matter of confidence.
Confidence will never be engendered in a faltering economy being threatened with socialism as the cure.
Capitalism is demoralized. It will remain demoralized until a force provides apparent opportunity to gain that offsets the risk to invest.
Imagine the executive orders coming our way. Never mind. You can't.
Playwright Edward Albee said, "You gotta have swine to show you where the truffles are".

Icarus & His Adoratrons
The years 2009 and beyond are shaping up with much the same silliness, gallows humor, ignorant masses, adept scam & Ponzi artists that were present in the 1920s & 1930s. Recall the pole sitters, wing-walkers, stunt fliers, record breakers, daredevils, and that economy on its own trajectory out of control.
The additional prop today is an incompetent, mesmerizing, narcissist charlatan, exponentially beyond his Peter Principle level, self-involved in daily exercising, managing each bite of food, posing to flocks of fawning adoratrons, while exhibiting a frail masculinity, bewildered in inadequacy, weak in image, unable to comprehend what to do beyond follow the dogma of his communist training, therein reacting to his life-long hatreds and sociopath forces.
Did you ever wonder why America's enemies hate Republicans but love Democrats?

Assets Valuations
Even the best performing & highest quality assets, from real estate, stocks, bonds & more, are liable to be sold by people who need to raise cash.
No asset valuation is secure.
One chin replaces another chin. All else will remain the same. Yahoo's CEO chain.

In: Carol Bartz
Out: Sue Decker
The Answer

Question:  Why are there so many nasty, raunchy, messy, sloppy, poorly groomed and dressed people everywhere?
Juvenile
Obama is fighting  with the US government (Really?) insisting that he be allowed to continue using his Blackberry. The Blackberry is a product of capitalistic ventures. It is not a product of socialistic ventures or of places such as Russia or Kenya.
Why We Are Doomed
BO is not an analytical thinker. He guarantees America economic failure & military weakening.
Hurry Up Mess Up
Many of today's insecure, inexperienced, pathetic, meek weaklings hurry, hurry, never pause, never contemplate alternatives, just keep moving, often missing opportunities & efficiencies.  BO is in a hurry.

Destruction
Damage to the financial system is quantifiable. Damage to the workplace is identifiable. Damage to the female psyche, self-confidence, self-image is difficult to quantify. It is seen driving, walking, shopping, in restaurants, and as the female population attempts to raise their children,
interact with their spouses, and just try to exist while effectively multitasking & oscillating into oblivion.   Read about the victims.
Yes, we did produce a near-perfect republic. But will they keep it? Or will they, in the enjoyment of plenty, lose the memory of freedom? Material abundance without character is the path of destruction.
Thomas Jefferson

Concepts Are Tough For Morons
Morons stand around, oil oozes up between their toes, and Western technology pumps it into tankers to fuel development elsewhere.
Morons will never comprehend that they contributed very little to global development. They may now be seen to be what they are. BO's imminent arrival, Israeli self-defense, Russia's threatening Eastern Europe & around Cuba, terrorist outbursts, Venezuelan unrest, & more, yet oil continues its downward trend.
The concept of unintended consequences is lost on each and every moron who gets the notion that he can rule the world.
What government stimulus looks like....
Illinois's BO Wins
The Bush administration handed Illinois' BO five year's worth of progress toward the nationalization -- socialization, that is -- of the US economy.
Illinois' BO, could not have accomplished in his first term all that has been done for him by the Bush administration and the socialism-promoting US Congress.
Correction:  The US Congress is not socialist, per se. It does not have the intellect to think in ideological terms. Today's US Congress is composed of ill-educated, unthinking, confused, petty lawyers who have been overly empowered by the illiterate electorates they represent.
Each American, natural-born and immigrant alike, should comprehend and acknowledge that all that he and she is, all that they possess, all that they ever hope to achieve, has been and will be made possible by all that is provided at little cost to each by the free, democratic, and capitalistic system of the United States of America.
American style liberty and capitalism provide prosperity for all who work. The American Dream must be preserved and cherished.
Wise Americans who understand this refuse to be confused or dissuaded by falsifiers of the American Dream. Wise Americans will not abdicate control of America to an un-American, socialist regime of desperation and failure.
Click the grey bar if you feel sad for the United States of America.
You are anonymous.


And you who fail to see the need to click the grey bar deserve the dreck you will receive.
Their Over-reach Will Save Us
In 1977, there was the Community Reinvestment Act. Then came FNM, FRE, GNM, ACORN, Dodd, Frank, Pelosi, Reid. Now Obama, a far-reaching community organizer.
They caused the global financial meltdown.
Several other nations are on the rise supported by more workers working for lower wages. And each of these nations uses the same technologies as the US.
The US is slowly recovering using those same technologies.
However, the US will not recover as well as several other nations, including China, India, & ...
Other nations whose populations are more disciplined, more accepting of less comfort, more willing to work hard for less remuneration, will rise further and farther along the new road of progress than today's US is capable of traveling.
Americans are too self-involved, arrogant, narcissistic, complacent, and now they wait for government to lift them out of this economic downturn. We are all victims and -- of course -- we feel very, very good about that. So we simply sit down, whine, and wait to be saved by our government. Our government is planning to use socialism to save us. Socialism has never saved anyone but the top dog socialists who keep themselves in power through the force of evil.
Up & Down
In the final tally, the Madoff loss will be larger than the original estimate of $50 billion.
In the final tally, the value of all ABSs, MBSs, CDOs, synthetic CDOs, CDSs, plus all other unknowable contrivances and derivatives will be worth less than $0.05 on the dollar.
These computer-engineered & generated contrivances will be near-worthless and marketable only in a junk market of junk.
 
Beyond Infinite Arrogance
Ford Motor paid off $9.9 billion of its debt using creative thinking. Ford management realized that its debt would destroy the company.
GM (led by a Rick Wagoner) could have accomplished this also. But no. He (GM under failed leadership) chose to take free money from Satan. Now Satan owns GM.
People will never learn that there is no such entity possible as "free money". Axiomatically, free money cannot exist.
It is not a potential construct within reality. It may be contrived only in the human mind. But to gain life the mind that conceives it must stop considering it.
We Not Rich Like Y'all
Turn on your computer's speakers and listen to an American speaking English.
Click here.
1974
Sears Tower was opened for business in 1974. It was planned to be the international corporate headquarters for Sears, the world's largest retailer.
In 1974 Sears Tower was the world's tallest building.
Sears is a metaphor for the United States of America. The relatively small Sears collapsed quicker than the massive USA. This story provides the parallels to allow the reader to chart the US' inevitable path over the next several years.
The fate of the United States of America is traveling along a similar trajectory of failure.
The US Constitution Is Going To War
The Founding Fathers knew tyranny from history and from living under it. They devised the US Constitution to ensure that as long as Americans stand up to defend their rights and use the US Constitution to aggressively defend themselves, they will be assured of their liberty and rights.
Americans inherited a defense mechanism: The US Constitution.
The time has come to stand up & defend our rights and liberty.
The financial meltdown initiated in 1978 by Congressional market & cultural meddling is resulting in the grandest toilet flush in history! Down the drain they are sending each other.
The AIG bonus super-tax is just one more force pushing the handle. Government incompetence has surpassed itself. It believed BO empowered it to infinite ends. Through arrogance & ignorance, BO & his minions are exposing themselves.
When markets recover their equilibrium, opportunities will abound in a free capitalistic market.
It's Not Greed...

...that is bad. It is the methods a few people use to acquire more than their honest share of the wealth that is (potentially) bad.

The real problem in our society is that there are too many people not willing to work toward their own goals and raise themselves up. Too many are willing to lie back and accept handouts or easy rewards for not working to earn the amount they have come to demand as rightfully theirs.
BO's senior advisor David Axelrod announced that they intend to make sure that "Gordon Gecko & his greed are dead".
Greed causes growth and prosperity. Socialism is evil and causes pain. Which should die?
Excerpted from a 1777 ship-board letter of the 20-year-old Lafayette to his wife while en route to America to join the rebel cause.
"The welfare of America is intimately bound up with the happiness of humanity. She is going to become a cherished and safe refuge of virtue, of good character, of tolerance, of equality and a peaceful liberty."
Capital Markets Understand
Why would capital markets participate in a radical restructuring of the society that afforded them the chance to prosper? Why would they be accessories to free-market homicide?
BO Can Not Learn His Lines
On March 3, 2009, amidst stock markets that have declined roughly 50% over the last 1-1/3 year, meaning stock investors have lost over $2 trillion, BO alluded to the "profit and earnings ratio". Then BO had the gall to tell people now is the time to buy stocks.
BO is so uninformed & uneducated about capitalism & markets that he fails to understand a key relationship. Investors know about P/E, the price-earnings ratio. BO is so arrogantly unconcerned and stupid that he cannot retain information from his handlers' briefings.
BO is operating just as Mrs. Bill Ayers, the 1960s' leader of the terrorist Weather Underground Bernardine Dohrn, identified in 2007 as their plan: "We want to dismantle capitalism. That evil thing."
The one-worlders are grouping. They believe know their time has come.
America's Test
The US has reached a tipping point. US industry cannot be forced by unions, by Congress, by cultural do-gooders to hire under-qualified workers for irrelevant reasons.
Only the most qualified workers should be hired.
Only the company-determined number of workers should be hired.
When the workload decreases, workers must be laid off and their pay should go to zero.
America is a failing nation.
My Life For My Country
How many of you would die for the nation that has provided for all that you are, now have, will ever have, or will ever become?
It is difficult to believe, but there actually are some genuinely fine men of the highest character from the State of Illinois. They are genuine Americans. Not creatures of the world.
It is time for sane people to get relaxed, satisfied, & happy again like good old-fashioned Americans. Buy a cool car, have a cigarette & eat a cheeseburger. It really isn't soothing or fun to drink bottled water while talking on a cell phone while driving. And how about trying to articulate thoughts -- if any should pop up -- without using so much stupid, goddamn filthy language.
Do-gooder Meddling
If meddlers had not sent an expedition to Africa in quest of Africans to insert into Harvard, this creature would not have been created.
Cowards Speak
Eric Holder, the black man appointed US Attorney General by the black President BO, announced that America is a "nation of cowards". Holder stated that we must each and all talk about race.
Competitive Currency Devaluations
Mind Strike. Finally.
Going out on strike is antithetical to people who have and use minds. Enough is enough... sometimes. Today's global financial stoppage is a strike of the minds.
Impotent
While speaking of limits he demands be imposed on executive pay in the private sector, Obama defined his notion of what a high salary might be. He then stated about high salaries: "...and that is something I will not tolerate as president".
BO may never learn that the Alinsky method's constant and frequent negative messaging will not be tolerated by the majority of Americans.
Socialists
Socialists fail to factor in the demoralization of work ethic that they weigh upon productive workers.
Socialists fail to see that socialism can survive only when floating in a sea of free-market capitalism. Pure socialism rots and sinks when made to stand on its own.
Sterilization
The plan is to remove the confidence and optimism that has always provided Americans' intrinsic motivation to struggle, work, and succeed.
That is why BO repeats daily that all things are bad and it will take years to recover. Obama wants America's economy to fail. He wants Americans to surrender.
BO -- managed by William Ayers & Alinsky -- believes that eventually Americans will surrender all power and rights, succumbing to socialism with them in charge.
Dumb. Simply Dumb.
Imagine that you were entrusted to run history's most successful experiment in liberty and opportunity. What would you do? You would promote all that has made that nation successful.
Obama is using his privileged position to dismantle capitalism, disrupt opportunity, and destroy the inventiveness and security of the American people.
It is no wonder BO would not release his college and law school transcripts. He is displaying how dumb he really is.
Not A Leader
Obama is not capable of being a leader. He is a standard, run-of-the-mill, ordinary and simple, demanding demagogue.
Even from the most potent position in history, he is capable of only instinctively demanding.
Stinks Like BO
January, 2009, was the worst on record for the Dow Jones Industrial Average & the S&P 500.
The DJIA lost 8.8% and the S&P 500 lost 8.6% in the month.
Grace Not
Obama should not abuse his implicit prestige nor diminish his potential stature by continuing in juvenile insecurity.
Graciousness is meaningful in life -- and in politics. BO is validating that there is a caliber hierarchy in America. And he is demonstrating from where he comes.
Eulogy
Diminutive
Rebukes are easy from our betters,
From men of quality and letters;
But when low dunces will affront,
What man alive can stand the brunt?
Jonathan Swift, 1667-1745
Why It Matters To You
This is the stuff of confidence-destruction. It will lead to the financial markets' continuing decline. Investors only invest when they trust the systems that they are investing in.
Read about BO's choice to run the US Treasury.
How long before BO forces Ben Bernanke out of his Federal Reserve position?
The Pentagon said on Tuesday that 61 former detainees from its military prison camp at Guantanamo Bay, Cuba, appear to have returned to terrorism since their release from custody.
January, 2009, marks the start of the third down-leg of the Obama bear market. It will be years long.
Now, more than in 1968, the whole world is watching because it is financially involved.
Sunshine
Once Congressional Democrats see President Bush leave, they have little need for BO. They will more readily support "President Pelosi". They will accomplish little. They will fight amongst themselves. Conscious Americans will begin to realize that BO is effeminate, weak, and has accomplished little beyond fooling a majority of them.
They All Lost

Did you serve in the US military? Did you serve in peacetime or go to war to preserve liberty in the US or another nation?
Did your father, grandfather, uncle, cousins go to war to preserve liberty in the US or another nation?
Did they believe they won? Did they believe they had helped stave off communism or some other form of tyranny or demagogue?
If so, the ascension of Obama to the presidency negates their sacrifice. As of January 20, 2009, the US has lost the Cold War and every other war it waged to defend liberty, personal rights, and capitalism.
Was anyone attending the BO inauguration celebrating America's accomplishment, opportunity, liberty, history, security, Constitution & Bill of Rights?
Too many Americans fail to understand that without the US Constitution, the Bill of Rights, and legal system, few Americans could prosper, live in safety, and expect to be better off tomorrow for having worked earnestly today.
Ours is a time when a man's concern for principles displays his character.
Do you remember the stock market of 1974?
Day after day the market persisted.
Alarm!
On January 6, 2009, Obama made an announcement. He was not simply trying to warn, be prescient, or demonstrate his intellect -- nor that of his sycophant advisors.  Read why BO is simply carrying out his instructions.
Bill Ayers Is A Strategic Genius With Foresight & Patience Who Chose To Work Underground
Bill Ayers, using his mind, George Soros, using his money, harmonize to control their pet puppet, Barack Obama.
Cicero identified why today, everywhere we look, we see only juveniles:
"To know nothing of what happened before you were born is to remain ever a child."
We learn and know little about the good people in this world. We know much about the worst people because the worst stand up stridently demanding that we follow them.
End
We live in dangerous times wherein he will proceed with arrogant impunity. He will make serious mistakes, deny responsibility, and attempt distractive cover-up.
He will be brought up on impeachment charges for violating his oath to defend and protect the US Constitution and American people.

Beyond
Beyond Constitutionalism:  When the Constitution is interpreted, twisted, and changed in ways that deprive individuals of God-given rights and liberty, there can be only one action due.
Beyond Patriotism:  When patriotism represents only a lingering memory, when there is no present spirit of decency and pride, when the people no longer strive for unification, when there is perversion of the legal system that had protected the people's rights, liberty, morals, ethics, and economic philosophy, there can be only one action due.
Beyond Leadership:  When the esteemed leadership does not embody the imperfect attempt at perfection with moral, ethical, religious, and economic philosophy building for productive ends, there can be only one action due.
Beyond:  When God-fearing, law-abiding, ethical, moral, freedom-loving, capitalists must subvert their methods, supplicate, and resist just to hold even, there can be only one action due.
Resist or sink in quicksand.

The Death Of Production

Losing
Obamaniacs are losing what they never understood they had.
Those Americans who understood and truly appreciated freedom, liberty, and opportunities they had will miss what they are losing.
Why is it that the ignorant fools of this existence seem to gain by taking from the generous, educated, thinking few?
Deep, Dirty Sea
Consider where the nation has devolved to over the last 40 years and the inept, unqualified leadership that infests the US Congress' House and Senate chambers, the executive branch, and much of the judicial branch where the Supreme Court holds onto Constitutional ideals by a one or two vote margin.
The USA will either pull itself out of this nadir or sink to new depths over the next years.
It is disgusting to observe. It is frustrating to witness our once-great nation decay further. However, it is now so very, very, very malevolent and corrupted with filth and incompetence that it can only improve or it will pass into irrelevance.
Why Buy?

...Anything other than great sports cars, greasy cheeseburgers, and quality clothing, that is. OK, also books... but only if you are wise enough to evaluate wisdom hard-won over centuries.
Fire Sales
The fire sales are starting. AIG is attempting to sell its boiler maintenance and insurance division to a Belgium company for something more than $700 million. It purchased this division in 2000 for $1.2 billion. But today AIG needs money desperately.
Companies needing capital will be selling operating divisions. The sales will be at bargain prices. The buyers will be any company willing to buy... just as in Palm Beach, Florida's pawn shops. Sellers will include many US companies, as well as companies in other nations that are bust because they bought into the unrealistic interest game known as CDOs, etc. Potential sellers reside in nations in nations in Europe, Asia, and parts of the Middle East.
Ownership of industrial, real estate, and financial assets will shift across all borders... from once-wealthy hands to newly-wealthy hands. Over the coming years, major pieces of AIG and many other companies will be dispersed around the world.
The juveniles that rioted in Seattle a decade ago upsetting one of the first globalization conferences have lost their fight against globalization.
The US sub-prime debacle will be seen someday as having accelerated economic globalization.
 
World Currency For Our Coming One World
Central banks in the US, Europe, Britain & Japan announced an agreement that can provide $287 billion in liquidity to the US Fed. It would be in the form of currency swaps. This is an extension of agreements made between other nations in 2008.
This makes each of these currencies the same as each other of these currencies. If A=B, & C=D, now A=D... & C,... & others through a mechanical click. The One World is congealing with a life-sustaining mechanism: its very own one-world currency... expandable whenever....
A Control Freak Is In Charge
You have never worked for a boss, been married to a spouse, or been subjected to anyone who had more power over you than does Obama.
It's all about his need to control you versus your right to control yourself.
The Cure Has Been Discovered
The Disease:  That pernicious, cruel gap between the rich and the poor.
Extensive, non-government funded research has finally isolated the cure.
The Cure:  Poor people need to get work, perform well, and they will prosper according to their ability.
Why
The successful achievers whose money is taken and  redistributed to the less-worthy & unsuccessful, lose initiative & become demoralized.
The less-worthy & unsuccessful to whom successful achievers' money is handed by government, rarely become encouraged & motivated to achieve.
This proves that losers are losers and achievers are achievers.
Yet, despite this simple logic and empirical proof, the socialists and Communists never appear to understand. That is because they need to control --redistribution is their means.
Socialists and Communists are not working to improve people's lives. They work to control people's lives.
Who Am I?
This is scary because most people do not recognize within just a few lines who this describes.
It is more scary because when most people are told who it is, they fail to comprehend how utterly evil and despicable he was.
It is less scary because America's version has now arrived, is fully exposing himself, and can be resisted using the US Constitution, decency, logic, and all that has always been good and great in America.
For all the facts, America is destined to repeat history.
Relax
ACORN has been hired to assist Obama & Emanuel with the 2010 census.
Relax and say good-bye to your America.
Rally? Not Really.
Not Sustainable.
After asset valuations have been beaten down for roughly a year why not -- and how could there not be -- a dead-cat bounce, especially after several exhausting months of the realities of socialism and malevolent, inept leadership in America? Many people still have faith in capitalism!
Anyone risking assets within this bounce deserves the win he may receive more than the loss he may get.
There is not yet a reward for those who, over the last year and longer, had faith and bought on the way down. Many of those who attempted to catch the falling knife carry losses of 60%, 80%, 90% & more.
BO's marketer Axelrod & front man Emanuel apparently instructed C, BAC, & JPM head bankers -- who are now under government obligation -- to talk up their banks' operating profitability. Interspersed amongst these were Larry Summers & Ben Bernanke. Each spoke positively.
The media was alerted to cover their talks live and to replay them repeatedly.
A stock market rally was born. It is an invoked relief rally. It will not endure.
When C reached $0.97 & other financials had been beaten down to multi-decade lows, gamblers came in long & short covering was ignited.
The important fundamentals that ended the bull market & started the bear market remain. New factors have been added. The USA has a socialist, Lenin-style Communist leading a willing socialistic House & Senate. There are no effective checks, balances, or controls on their power. Senators & Representatives are composing legislation regarding regulation and market issues they do not understand, yet that are being designed to serve special interest groups. Housing, varieties of derivatives, currency balancing and employment problems remain serious and dynamic. The US financial industry is literally on life-support accepting trillions of dollars to simply remain viable and semi-functioning. The US administration finally realized after months of loud, negative talk, just how truly desperate situations are. It has only temporarily muted it Alinsky-style talk.
The US president has one objective: "...To dismantle capitalism... that evil thing".
NOTE: These banks' operating divisions now proclaimed profitable have been profitable all along. These banks' bottom line profitability was lost in mid-2008 when mark-to-market accounting created losses in derivative & mortgage operations that overwhelmed other divisions' profits. At that point these banks' bottom lines showed losses. Today, after hundreds of billions of dollars of TARP funds and mortgage account shifting, much derivative toxicity and mortgage loss has been netted over, thereby reducing magnitude and bottom line visibility.
Depression
Emotional Depression is denoted by malaise, lack of optimism, omnipresent sadness, and lack of enjoyment.
Economic Depression is denoted by each of the foregoing manifest in the economic realm operating with an ongoing lack of meaningful work and job satisfaction, unenthusiastic consumerism, and a dire outlook as far as can be anticipated.
Systemic Depression is encountered, engulfs everyone's psychology, & saps optimism. Earners feel impotent against the state that steals its earnings. Handout recipients feel demoralized knowing they are not earning, only taking.
Too many Americans are not paying their obligations. Some are paying others' obligations. Some use drugs, alcohol, & medicate their relief passing their lives away without paying obligations.
Many Americans are a sorry mess of self-inflicted tragedy & ignorant arrogance.
Adolph Hitler
"The best way to take control over a people and control them utterly is to take a little of their freedom at a time, to erode rights by a thousand tiny and almost imperceptible reductions. In this way the people will not see those rights and freedoms being removed until they are past the point at which these changes cannot be reversed."
Not An American
BO is unquestionably a very keen observer of his environment. He observes, evaluates potential problems, and devises solutions.
BO is an actor, a chameleon, a charlatan. His skills in these roles are superb.
Just Because
Just because BO is black, it doesn't mean he is wonderful.
Just because John McCain is white, it doesn't mean he is stupid.
Obama is a post turtle!
When you see a turtle on top of a fencepost, you know: 1.) He doesn't know how he got there, & 2.) He doesn't know what to do.
You have to wonder what the morons that put him up there were thinking!
Few people realize that their strongest ally against life's difficulties is their own strong character.
How fortunate for them since most have weak characters. It is no wonder that most achieve little blame others, and are so nasty.
HEY, it is better to be successful & wealthy than to be a dope taking US gumment handouts stolen from successful people who would have invested money paid in taxes, thereby creating real jobs for those taking gumment handouts to work & earn instead of taking & remaining stupid.
Quicksand
No rule, regulation, law, or contract will stand un-dirtied in the Age of BO.
The New York Stock Exchange always prided itself on maintaining the highest standards for all its listed companies.
The NYSE asked regulators for permission to suspend its $1 rule. No longer will companies be de-listed if their stock falls below $1. The limit was $5 in the before-time.
And you will sign a contract with whom?
Major US banks will be nationalized.
It will occur overnight in a sneaky, specious, nasty manner. It will reflect BO's nasty, resentful psychology.
A Wrong Corrected After Two-hundred-thirty Years
Patrick Henry announced, "Give me liberty or give me death".
Americans should refuse to give our adversaries such option. Americans must demand, "Give me the liberty guaranteed me by God and Constitution, or I will fight to regain my liberty in permanence".
Trust Precedes Confidence
A person who contracts with a lender to borrow money to purchase a home is a debtor. Wanna do a deal?
Progress
Unintended consequences cause 100% of all failures.
Our Times
There good reasons to be concerned. There are no good reasons to be stupid.
BO Is Not Wise Nor Smart
BO fooled enough of his people using vagaries, appealing to squishy feelings, petty emotions, & class envy.
He will slay himself out of ignorance, arrogance, and intractable stubbornness.
F. A. Hayek
Hayek labeled a belief in socialism as the "fatal conceit". That is, the idea that "man is able to shape the world around him according to his wishes".
Broken, Over, Done, Finished, Complete
Those who are under 50 years of age must read the history of markets to learn about the days when markets fluctuated based upon fundamentals and technicals.
In October, 2007, we experienced the final, last, and harshest death scream of the Reagan bull market. Now we know exactly when it was born and how long that bull lived: Born: August, 1982 - Died: October, 2007.
Glory In 2009 America Redefined
"Give me your tired, your poor,
Your huddled masses yearning to breathe free,
The wretched refuse of your teeming shore."
There is a revised promise in 2009's America for the New Americans of 2009.
Inevitable
A culture that could anoint an Elvis, even in the realm of entertainment, was inevitably heading toward someday becoming mesmerized by a messianic, charlatan claiming superiority and suitability as its president.
Today's culture failed to comprehend that messianic charlatans provoke emotions, but are incapable of providing substantive leadership.
The Price Will Be More Right
As prices fall, a potential buyer needs less money to buy a given asset. That means that by doing nothing more than staying healthy and accumulating cash, a buyer is earning money.
Because this buyer will need less money in order to buy, he is getting wealthier on an absolute basis.
Who.
It is often said that the voters get the leaders and government they deserve. Have we become so childish, so selfish and self-absorbed as a people, that we will haplessly -- no, make that joyfully -- embrace politicians who are equally as selfish and self-absorbed? Are we as a people so morally bankrupt that we casually accept the Machiavellian dictum that to be a leader "you must be a great liar and a hypocrite"?  --  Janice Crouse

Straight

How & Why The World Went Bust
This Ponzi scheme impacts everyone. It started failing in 2006. It stopped working & the derivative flow slowed and began its downward cascade in 2007. The downward cascade accelerated in 2008, when housing valuations declined, there were few takers remaining for cheap housing money, and those who had taken the cheap housing money began defaulting in large numbers.
Regarding BO's presidency:  After a person attains something illegitimately, he may only use it from within illegitimacy.
FDR, LBJ, BO
Not one of these self-styled saviors was able or will be able to use socialism to any good ends.
Judicial Watch
The self-styled corruption fighter in Washington, said of Hillary Clinton...
Update

The old saw, "Beggars can't be choosers", needs updating.
The 2009 updated version sings forth, "Beggars are entitled to their entitlements".
And if the beggars are not satisfied with the handouts they receive, they should moan and whine louder to their elected care-takers who will then tax the builders and producers & further deprive everyone of his rights under the guise of entitlements for the unworthy."
Purpose Anyone?
Most people have no purpose of consequence. They never have and never will.
Do most people ever consider how utterly useless they are?
Most people simply use products & services.
Remember
Only two defining forces have ever offered to die for you: Jesus Christ and the American Soldier.

Anonymous
Pathetic
Many people fail to perceive that to work & earn & satisfying their obligations feels better than deceiving, taking handouts, and ignoring obligations.
In fact, it often feels more rewarding to meet an obligation than to play your favorite stupid, trivial, inane, time-wasting computer game. Really!
BO's over-reach proves that he has failed to learn the ramifications of the Peter Principle.
Rebukes are easy from our betters,
From men of quality and letters;
But when low dunces will affront,
What man alive can stand the brunt?
Jonathan Swift, 1667-1745
Madame Chiang Kai-Shek said:
"Every clique is a refuge for incompetence. It fosters corruption and disloyalty, it begets cowardice, and consequently is a burden upon and a drawback to the progress of the country. Its instincts and actions are those of the pack."
Why
The primary reason why the global financial meltdown is not near approaching its recovery phase, nor reaching its bottom, is that excessive risk is being assumed by institutions such as BAC, JPM, & WFC.
These institutions are racing with impunity to each become "too big to fail", thereby guaranteeing additional bailout by the Federal Reserve Bank.
And the US Federal Reserve Bank's risky weakening is denoted by its balance sheet, portions of which it will not disclose publicly.
...About that additional $2 trillion?
It's The Unemployment, Stupid
What statistic, guideline, benchmark, tally, concept remains to be breached before the silly little girlie headline-writers start calling our time the "Second Great Depression"?
How high will unemployment go?
Hey, um, you know, whatever they like want to, you know, um, say.
On January 1, 2009, Slovakia became the 16th country to adopt the euro.
Integration across economies, discard of the old, hegemony of the new, psychological comfort & safety continue to spread & evolve in the midst of the global financial crisis that originated in, and was caused by the US within the dollar regime.
How long until...?
Justice For One
Placing JFK
Ours Is An Age Of Cruelty
It is everywhere. It has infiltrated into the workplace, familial relationships, business, and politics. Actually politics is everywhere and that is the cruelty that is everywhere.
Many people invest much effort conniving over methods to inflict pain upon others.
And that is a key ingredient in today's financial breakdown. Everyone is untrusting of everyone.
From the petty bullies to the new not-petty bully, Obama.
We are nearing the point where everyone will inflict pain upon others with flailing, uncaring audacity until a numb chaos is welcomed.
Apparent For Over Thirty Years
There will come a day when even the United States of America has no more to give.
The day will arrive when the United States of America has no more than even today's vastly overly-empowered unworthy, self-entitled takers can take.
There will come a time when there is no more remaining to take, steal, or demand.
Now we know the exact date.
You may denounce, vilify, shout, and flail your arms in frenzied disdain at living and dead white European males, but who designed, built, and continually improves Western Civilization?
And when others demanded and were ceded control, what happened?
Yes, they dirtied and ruined whatever they were handed.
Let us hope that America can recover from its effeminate, nihilistic, weakened condition.
The Relativistic Global Economy
The weaker the US economy becomes, the more diminished will be its government's ability to tax its successful working people.
Underground

Be not ashamed to be very afraid of what is being planned for you.
Where are we going and why am I in this handbasket?

Illinois was not always the lowest point within the United States of America.
You Take Care Of You -- I Take Care Of Me
If only today's do-gooders would stop meddling with individuals and society! Leave us alone! I may or may not survive, but I will take the opportunity to be independent, learn, apply myself, and win or lose on my own. What I earn or lose will be my responsibility. If I fail, I will try something else. If I succeed, I will be so proud... and maybe somewhat wealthy.
I was raised by caring people who lived the American dream and learned the American culture. My family came to America, observed and learned to do mostly right and to not do much wrong. These people worked to enlighten me into following that theme. They provided more than adequately for me, but withheld when my demands involved rational excess or more than I had earned or deserved. My family ensured my personal comfort and safety, but I was free to go out and get into trouble.
Years passed. I applied myself and some of what I learned. I made mistakes, yet somehow accomplished some things.
What if my family had not taught and cared for me? In that case, it would have been nice for a few strangers to make a day fun now and then. However, even kind, generous strangers could only have provided limited comfort and pleasures. They could have provided and made a day more fun, but they likely could not have engulfed me adequately to ensure that I desired to get educated, remain safe, and learn right from wrong.
I would have been an unfortunate child and might not have survived or might have developed into an unproductive person. Life would have required me to make impacting decisions early and I might have made many wrong choices.
That is how we learn and shape ourselves into what we are when we die. We either use our available resources all through our lives to become a productive person or we fail. But we are our own keepers. We are each subject from birth to the survival laws of nature. We either survive each day or fail.
Help, support, aid, little pleasures handed to us make our days nicer but do not make our lives better.
It is nice that some people choose to make other peoples' days nicer. But only long-term teaching does well for recipients and society.
Once upon a time there were men of character and care.

"I am only one, but still I am one. I cannot do everything, but still I can do something; and because I cannot do everything I will not refuse to do the something I can do."

Edward Everett Hale, 1822-1909, Author of "The Man Without A Country"
Did you ever know a poor person who hired someone?
America’s failures and challenges run close parallels to the decline of leading world economic powers of history -- especially the British and Dutch. Disreputable politics, global overreach, excessive debt, and unworthy leadership signal that the United States is crumbling not only as a global superpower but also as a prosperous people of character.
Illinois's BO Is Now America's BO
The most corrupt, most despicable, most unworthy, most malignant, most sinister, most evil miscreants reside in -- before moving to Washington -- the one-time Land of Lincoln.
Today this one-time industrial crossroad and center of commerce is accurately referred to as the Land of Stinkin'. The internecine, pestilential, poisonous organisms operating within derive power from the black hole machine known as Crook County.
And... your choice, Illinois' BO, has yet to even move into the White House. BO's scheming cabal, continues to plot, plan, fester, infest, mature, and metastasize from Chicago, the root of tomorrow's scatological malignancy gone national.
If there are still 2.5 million people employed in this country after Obama finishes destroying the economy, will he claim that these are the 2.5 million jobs he "saved" and take all of the credit?
An asset valuation correction is a period wherein assets are marked-to-market. Asset valuations get subjected to market forces making them adjust to near-real current valuations. Over-shooting often provides opportunities.

Approaching 1930 (2009). Good Bye America.

When a disreputable-from-father-to-son US Congressman openly calls for the ouster of the head of a major corporation, the end is in sight. When a president-elect sanctions rogue striker' demands as "absolutely right", the end is in sight.
Only what remains free will ever be free.

Approaching 1931-1940. Hello Road-gang Work.

Pres-elect BO promises creation of millions of jobs repairing infrastructure, cleaning the environment, and enhancing building energy efficiencies. Your hands will get somewhat more calloused than when you sat working on a computer keyboard for higher wages & much longer lunches.
Soldiering in WWIII will look more attractive than minimum wage laboring in the New America.

Please name one country wherein people live or lived happier with more wealth & opportunity than in the USA.
Dow-n
How much longer will the one-time fastidious and trustworthy custodians of the Dow indices keep GM in the Dow Jones Industrial Average?
Manipulating the Dow has become a difficult endeavor even for today's manipulators. Propping up the DJIA in this market is difficult. They recently replaced AIG with KFT, anticipating that Warren Buffet's investment aura will provide credibility and keep KFT's price up.
Difficult is not going to become any less difficult as the US slips deeper into recession. And once the recession's indicators breach territory that is defined by economists as "depression", it will be more difficult.
Fear not for the Dow. Fear for the economy. Manipulators as effective as we have everywhere these days are very good at manipulating something as poorly understood as a stock index -- or any index... or as easily manipulated as US voters.
Irrational Apathy
Posted on PeterTheHermit.com in mid-2007.
The 2007 real estate, credit, interest rate, asset valuation problems are far, far, far from over... weekend absorptions of banks and lending institutions illustrate that anything may happen at anytime anywhere.
Batten down all hatches.
Irrational apathy has replaced the expert's phrase.  That so-called expert, Greenspan, allowed and held rates too low for too long in a culture of arrogance.
So, just in time for the presidential election....
People we know will be out of work.
The Most Infamous Event In Recent Memory
No Excuse
I freely admit to being devastated by what I believe to be the worst thing to happen to all of us since 1933. I have felt discomfiting emotions since the most-unworthy won the presidential election. You may disagree with me and think me a fool and know that the impact upon me is not logical and out of proportion to what the circumstances warrant. Judged by what I know and see, I know my concerns are warranted.
No Apology
It is not the end of the Reagan bull market with its multifarious opportunities nor the start of this most-unworthy man's bear market that saps my optimism and joy of living. It is the assault upon all that I have always known to exist and that always would exist. It is his assault upon the US Constitution along with his underground, insidious, specious efforts that will be perpetrated upon our nation over the next years. It is the surely impotent, yet maddening efforts of this most-unworthy, soon-to-be pres 44 to undermine and terminate the most perfect imperfect nation in history, that are so reprehensible and egregious.
No Work
All that any president need do is preside over the Constitutional conduct of the United States of America and leave us alone to do or not do as we choose -- and accomplish as we choose to accomplish or fail trying. Instead this pretender-to-substantive-worthiness charlatan will be undermining capitalism, diminishing personal rights, and encroaching upon our liberty.
The potential damage and expected attempt to dismantle the US and many of its institutions is deplorable.
Slipping
There are macro forces coming into confluence that will weaken and diminish the United States of America to an extent not imaginable by the mass of today's under-educated, uncaring Americans. There are destructive external forces. There are destructive internal forces. Many of the internal forces are working to diminish the US even to their own detriment.
The US is slipping downward on an absolute scale and on a relative scale in the world hierarchy.
The US Congress has rarely been so misguided, so embodied with incompetence, so destructively divisive.
The Office Of The President Of The United States Of America has not been as weak as it will soon become... that is, not since the later decades of the 19th century.
Undecided
I just can't decide who to vote for. President of the USA is an important job.
Should I vote for the guy who has openly spoken about how inadequate and misguided the US Constitution is regarding equality, who espouses socialism, wants to redistribute successful capitalists' earnings to those who are unable to succeed, who does not admire capitalism, who ignores requests to respect the US Constitution by not providing proof that he was born in the US, refuses to submit more than a one-page medical report, refuses to present any college records or transcripts, who has associated with admitted domestic terrorists who bombed several buildings including the US Capitol and killed people, admits to having spent over 20 years being mentored by a racist, America-hating reverend in church weekly, admits to being mentored by a self-proclaimed pedophile and member of the Communist Party USA, falsely inflated his job position at U of Chicago from lecturer to professor, who has never held a substantial job, whose work has been as a community organizer on Chicago's poor, black south side, and has rarely taken a substantive position on a meaningful issue and voted his conscience from his legislative seat?
Or, should I vote for a tested and experienced man of proven courage, character, and integrity who respects and honors the USA, has years of active and involved experience in the US Senate, has often joined with political opponents to achieve better legislation for his country, will be steadfast against our enemies while working to promote trade and economic gains with our allies, and will promote plans to make the US energy-independent?
If am able to determine which man would be best for the US, could someone please help me get up and out and take me to vote?
Communist Party USA Is Rejoicing.
Read the story.

Consider
Great Britain has been in decline and very much less than great for over a century, yet it is a relatively pleasant and safe place to live even today. This implies that the USA will not change over night or over our lifetimes.
If the worst happens to the USA, only today's obamaniacs and their children -- if they are capable of reproducing -- will still be alive to suffer under the evils of socialism, communism, and whatever else they vote to do to themselves.
Your Rights Are Dissolving
President Bush locked up several hundred terrorists and did not provide them with US Constitutional rights. Bush was accused of unfairly restricting terrorists' rights even though none were US citizens.
President Bush kept America attack-free for seven years. President Bush was called every nasty epithet imaginable.
Obama's nomination for Attorney General, Eric Holder, is an outspoken advocate for restricting all Americans' US Constitutionally-guaranteed rights, including the right to free speech.
You juveniles swooned and went giddy for Obama. Now you uneducated, uncaring nut cases will learn what genuine restrictions, controls, and restraints really mean. Your parents failed to train you. Your next president will succeed. You will feel the discomfort in your juvenile Internet activities, school, sports, and personal interactions.
Obama's cabinet nominee for Secretary of Health and Human Services, Tom Daschle, said that soon America will look like a socialist European country.
You juveniles are so self-absorbed and narcissistic that you will think Obama likes you and is taking care of you. Actually he is more mentally deranged than you:  He truly wants to control and inflict pain upon masses of people.
Buyer's remorse anyone? Not yet? Just wait.
Dreck
In 2007, Bernardine Dohrn -- AKA, Mrs. William Ayers, stated in her typically mal-formed, sputtered phrasing, that she wanted to dismantle the evil system known as capitalism.
In 2009, she will have her opportunity.
Yes, her name is spelled correctly. Her father wanted a baby boy. When this lovely baby girl arrived, he named her Bernard, but gave in to convention and appended "ine. Obama's grandfather also wanted a baby girl. He, demonstrating less concern for his daughter, Obama's mother, simply named his lovely baby girl Stanley. These two families had something in common.
A Riddle

What is the the substantive difference between Madoff & Obama?

Madoff ran a Ponzi scheme. Obama is running a Ponzi scheme.

Neither adds value to his enterprise.
Madoff is victim of the market. Market force is more potent than any individual in the long run. He could not outwit it nor escape.

No one, regardless of how empowered even politically, can ultimately escape the desire of the market that he inserts himself into.

Everything has a cost. Nothing is free.

Madoff's face & demeanor prove that. He is just 70 years old.

He built a very successful organization.

Then he demonstrated his inability to win over time.

Then he demonstrated his lack of courage.

Then he demonstrated his lack of character.

All who lack courage & character will lose over time.
With so much money being lost every day, soon the only money left in the world will be the fresh, crisp, new money printed by the US Federal Reserve Bank.
Too bad it will not be worth the paper it's printed on.
Today there is an underlying lack of confidence in the world's newly chosen leader. But it was a sweet selection game.

Americans are beginning to subliminally perceive and become fearful that there is no leadership, no strength, no positively-principled force within their newly chosen leader.
Sincere Apologies
In the past I have lectured on various topics in dogmatic terms. Some less intelligent and very drekie people have disliked and even disapproved. Some weenies were unable understand intelligent thought and do not have any ability to learn or think. Some of those idiots became upset.
If you were one of these morons, please accept my sincerest apologies.
From now on I will only post cultural or educational content. These may include old monuments, nature and other interesting topics.
With full and appropriate respect for these morons I have found a picture of the Pont Neuf Bridge in Paris. It is the oldest bridge in Paris, took 26 years to build, and was completed in 1604.  Please click here to see the historic bridge.

Deplorable & Despicable
My prediction on November 6, 2008: Obama will demand that his inauguration be moved up to December... near Christmas. He needs Jesus Christ, as an enforcing symbolism. BO's image is already losing brand gusto and his band of non-productive takers are expecting their first payments to arrive in January.
Let the lawlessness and breaking of tradition accelerate. Discard the old. In with the mandates.
And... about that old US Constitution thing... well, few Americans care anyway.

Trash Of Any Odor Is Still Trash
They want, they take... or, at least demand.
I was incorrect: I misread the character of the characters involved. President Bush abdicated. His final act of uncaring cowardice was not anticipated -- but should have been. He failed to utilize his last months in office to take charge of the economic lack of confidence, assemble a team of competent leaders, assign them the task of developing a plan, and initiate the implementation of that plan. Bush's massive failure was in his last three months -- BEFORE OBAMA'S ACADEMICIANS COME IN AND DEMONSTRATE as JFK's intellectuals demonstrated in the early 1960s their complete lack of understanding of real-world operations and systems.
Obama cares not for tradition, rules, procedures, nor much else other than his daily exercise and his aggrandizement.
Obama & his thugs simply walked in and Bush abdicated. The media driveled along. Americans followed demonstrating that they are ignorant, uncaring weaklings being led to slaughter by the charlatan they deserve.
Bush is already reminiscing in public about what he will miss & he wants his legacy to be. He and his wife say they will miss the White House staff, especially the cook. Bush wants to be remembered as the man who liberated the Iraqi people. Bush continues to be blind to the fact that 21st century Iraq is not 1944 France. He liberated few other than Saddam Hussein.
Bush's last act -- abdication with total release of power -- is DESPICABLE. He permitted Obama's premature empowerment, thereby paving the way for his over-empowerment upon inauguration. It this final act that identifies Bush and defines his legacy. Bush was an adolescent; he has become a juvenile.

It's official: Men really are the weaker sex.

It is not your imagination.
 It is not only the USA's pres-elect. It has not been caused by the attempted intimidation of all those homely, unkempt, nasty women.
It's not your misperception of all those weenies you see shopping, walking around, driving angry, and those weenies you have to work with.
It is chemically-induced... just as friends of Peter T. Hermit learned decades ago.
Pearl Who?
FDR characterized it as, "December 7, 1941, a day that will live in infamy".
But today Americans ask, "Who was Pearl?"
Was she another of Bill Clinton's interns... or one of John Kennedy's?
Nihilists demand that nothing can be believed. Should we believe them?

We should tell them to shave (both men & women), bathe, and put on clean clothes.
Redistribution
What's this? This charlatan is already anointing using the fruit of redistribution from donors. Soon he will have your fruit to redistribute.
This is different -- but no better than -- the Clintons' trailer park drek. Bill would only give this gaud to a Monica, never his little Hillary, the I-don't-stay-home-baking-cookies creature.
Michelle Obama -- the World's Most-Wise Mom Ever, the First Woman to learn the secrets of child rearing... and the uncrowned First "Lady" -- will receive this $30,000 thanks ring from the man who fooled enough of the people enough of the time. It is ostensibly a reward for her support during the campaign. The ring is made of rhodium, the world's most expensive metal & is encrusted with diamonds. It is being made by Italian designer Giovanni Bosco for delivery before the inauguration.
Italian designer Giovanni Bosco counts a select list of VIPS's and celebrities as his clients. He now can include a messianic charlatan and the only woman in the world to know how to raise children. I cannot wait to hear her lectures on child rearing. How did she get so very wise?
Giovanni Bosco's spokesman said: "It is our top of the range piece and made from rhodium and encrusted with diamonds... Our agent in the United States was asked by Mr Barack Obama about the ring because he wants it as a thank you gift for his wife Michelle for her support the last two years. We have a select number of clients both in the United States, Europe, Russia and the Middle East and our prices as a result reflect the wealth of our customers." Each day it becomes more apparent just how Obama plans to spend the fruit of your labor following further redistribution from you, the simpleton proletariat and bourgeois.
It is not only Obama who does business with this designer. Other successful redistributors of wealth also purchase his lovely artifacts. Where is my nearest Woolworth's?
NOTE: Obama continues to request donations from his fans. Go to his Internet site for links to contribute again and again and again.
Why
The reason why a majority of women voted for Obama is closely related to the failings of their self-absorbed, narcissistic existences.
Many women live lives under the thumb of some version of a dictating bully. Possibly their fathers, possibly their husbands, possibly their bosses, and likely some combination of each of these keep women feeling controlled. Still other women are controlled by some unknown man who they dream of but never find.
These women saw Obama demand to be made president of the US, the most powerful position in the world.
Women then said to themselves, "I'll put him in that job so that he can rule over these other nasty men who have overly-controlled me for too much of my life".
These angry, misguided women failed to realize that they can relatively easily extricate themselves from any controlling man and the subservience in their personal lives if they truly wanted to. But, in most cases, that would require more effort than they are willing to expend.
These women also failed to realize the long-term, detrimental impacts of empowering this other bully named Obama.
Their husbands, fathers, and bosses were and are simple nasty petty bullies. However, Obama is a mean, megalomaniacal bully who is now empowered and will be difficult to extricate from all of our lives.
Preparing For President BO
$8.560,000,000,000 is the total amount of bailout money guaranteed by the US government as of November 25, 2008.
So that even a member of the US electorate might comprehend it, that is $8.56 trillion.
The Bush administration started buying -- nationalizing, that is -- American industry and financial institutions. President BO would, if he had had a proper upbringing, send a thank you note to President Bush for initiating the nationalization process before BO even moved into the White House.

The Results Are In
We flunked. We received an "F". Our "F" doesn't stand for "Fail".
It stands for "Fool". We were fools and we -- a majority of us counting the ACORN voters -- were played for the fools we have become.
On January 20, 2009, we will hand over the grandest experiment in freedom and capitalism ever conceived by man. We will hand it over to a socialist, racist, inexperienced, arrogant charlatan who will immediately re-empower the Clinton political machine and attempt to give it an overt socialist spin.
Enjoy your "F". It will not feel as good as promised.
Obama recently promised to create -- or save -- 2.5 million jobs by 2011. He fails -- as all communists fail -- to understand that the government cannot create good jobs. The government can only create lower-level, make-work jobs.
Does Obama expect those 52,000 workers laid off during November by Citigroup to rebuild roads and bridges? Obama's 1934-style WPA jobs will not pay those spoiled ex-Citigroup employees what they know they deserve.
So, all you obamaniacs, enjoy your new job working on the roads and bridges.
You deserve exactly what you will get. But Michelle will continue to enjoy her Iranian caviar as all communist leaders do.
Deflating Capitalism
Socialism only appears to function when it is buoyed up in a sea of capitalism. Socialism must be constantly nourished by the fruits of capitalism.
Remove capitalism and socialism's appearance of viability is removed. It shrivels into a cruel, evil dogma that can only be sustained by force.
Too Much Area & Extraordinary Mass
Markets were afraid. They were afraid of the ravages of socialism. Prior to October 6, 2008, and performing forcefully before, markets anticipated the realization of their fear.
Market fear has caused all chart patterns to break down. There is no number too strange. Any asset may reach any valuation at any time. There is no indicator of selling abatement.
Asset valuation charts display curves that have precipitously declined. Curves have collapsed and continued to fall through any line-of-support contrivance imaginable.
Future P/E ratios are indeterminate for the market, an industry, a specific asset.
Projected earnings, E, contrived for an asset or asset class is indeterminate. Therefore, no price, P, can be estimated or guessed... nor calculated.
Area is a two-dimensional item. Mass is a three-dimensional item. The area under today's asset valuation curves denotes an extraordinary overhanging mass within areas defined over relatively short periods. Far too many weak hands accepted risks that most will not tolerate over the long-run. Therefore, rallies will fail as weak hands sell into an upward trending, but feeble strength. Note GM's intraday moves on November 20.
Only a fool would attempt to catch today's falling knives. There can be no heroes. It is not heroic to buy today, wait an indeterminable period, and then reap a reward or a loss.
Yes, we did produce a near-perfect republic. But will they keep it? Or will they, in the enjoyment of plenty, lose the memory of freedom? Material abundance without character is the path of destruction.
Thomas Jefferson
Rebukes are easy from our betters,
From men of quality and letters;
But when low dunces will affront,
What man alive can stand the brunt?
Jonathan Swift, 1667-1745

Obviously
If GM has one ounce of William Durant's spirit left in its gut, it will say NO to this socialist government's loan and instead file for bankruptcy. It can then choose to survive on its own with no socialist government bureaucrats on its board, work through new realistic agreements with the UAW, dealers, and suppliers, and stop the recently started nationalization of American industry.

If GM really has any Durant spirit remaining, it will use its last several billion dollars to buy itself and become a private corporation issuing long-term warrants to current shareholders.

Americans must always remain free!       

For over 50 years government has supported union demands that GM, Ford, and Chrysler raise wages, increase benefits, and pay laid-off workers generous salaries and benefits.   GM's vehicle quality has vastly improved over the last decade. Its vehicles' prices have become competitive with foreign manufacturers. There are near-ongoing price-cutting sales at GM dealerships.
For over 40 years government has mandated that US-based automakers research, develop, and install changes to meet government-specifications for a wide range of areas including gas mileage, safety, anti-pollution, appearance, and performance.   GM is manufacturing and selling vehicles very well around the world. GM remains the world's largest producer and competing very well in most nations. GM is on track to become much more than another Toyota in the global marketplace. GM's major shortfall market is the US.
As a result, UAW workers are among the highest paid in the world. The high labor costs forced GM, Ford, and Chrysler to raise prices charged to their customers. But in order to pay their workers and meet government mandated changes, US automakers were forced to cut the quality and performance of their vehicles. If they did not, US-based manufacturers would have had to raise prices and could not compete with foreign manufacturers.   America's car buyers can check out GM's vehicles before buying or soon live in an America which provides even fewer manufactured products to other nations. Americans will have no choice but to buy from foreign-owned car manufacturers who do not employ union workers and simply pay fair wages, instead of the union's inflated wages and benefit packages. Unions will no longer exist as a meaningful national force.
Foreign manufacturers generally do not operate with union employees. Instead they hire non-UAW employees and therefore pay lower salaries and provide limited benefits. Also, foreign manufacturers receive tax cuts and subsidies from federal, state, and local governments in order to lure them into building plants and hire residents of their states and cities.   Either the government and unions allow GM to pay those same fair wages and benefits now or foreign-based car manufacturers will become a powerful oligopoly like GM-Ford-Chrysler once were. When that happens Toyota, Honda and the others will raise vehicle prices and cut quality in order to meet US government research mandates and specifications for gas mileage, safety, anti-pollution, and other contrivances.
There Is No More To Take From GM:

Today Americans and GM workers and management have only two choices: GM goes into bankruptcy or every employee in upper management and on the lines take meaningful pay cuts. The union can choose to demand and continue to lose members as workers leave a defunct GM and go to work for Toyota, Honda, and other foreign-based manufacturers.

   But at that point the American consumer will not be able to buy from the then-defunct GM, Ford, and Chrysler. Instead, foreign-based car manufacturers will have a monopoly and control Americans' buying choices and American employees' wages and benefits.
Look around. Where are you?
Pause. You are located where you are. Are you in the United States of America?
Think. Centuries ago there possibly were native Indians on the spot of land you are now occupying.
Consider. Those native Americans were more free than you are. Their ancestors were more free than you are. Your forefathers who came to America seeking freedom of religion, economic freedom and opportunity were more free than you are today sitting on your spot of land.
Comprehend. If you start a business, if you work for a living, if you collect interest and capital gains, if you make any amount of money more than mere subsistence, you are paying a growing portion of your earned income. You are controlled by more rules and regulations. You have more restrictions than any previous generation or tribe that ever existed on your piece of land. The fruit of your work is siphoned from you by your ever-more intrusive government in the form of taxes, fees, licenses, certifications, and more.
Tea party, anyone? Oh, never mind. Boston is in Massachusetts. Larger involuntary forfeitures are planned for you. Over the next years your freedoms, the options available to your business or employer, and your earned income will shrink. To balance that shrinkage, our new Uncle Sam will reduce what he spends to maintain your security, while increasing what he hands over to those unable to get up in the morning, go to work, and live honorable lives.
You probably couldn't sell your land to the native Americans today. They know they have a better deal on their reservations.
Deflation To Each According To His Stupidity
Americans failed during the 2008 campaign. They failed to understand that they could not elect a socialist from the south side of Chicago with no experience beyond community organizing and expect stock markets, real estate, financial assets, jobs and businesses to thrive... or even survive. They failed to comprehend that they were voting themselves into unemployment and deflation.
In their ignorance, emotionalized giddiness, and juvenile hysteria, Americans voted for a pied piper to lead them into socialism. Each voter was somehow made to believe -- no, feel -- that he would lose nothing. Only those way-too-wealthy and way-too-successful people would have their assets taken. Americans failed to realize that asset deflation would hit everyone's home and asset valuations. Since Americans have lost their understanding of hiring experienced, proven, successful people having integrity, they voted for the affirmative action candidate.
Now all Americans are receiving the asset deflation they voted for. Each and every American -- not just those too-wealthy Americans -- is losing asset valuations in today's Obama deflation, a newly-coined economic term that shall live in infamy.
Obama has promulgated a variation of Marx's concept, "From each according to his ability, to each according to his need". Obama's legacy is forming: "Deflation to each according to his stupidity, to only a few according to their skills".
Additionally, soon Americans will witness in-fighting, dishonesty, specious behavior, and destructive incompetence that will surpass that of the Clinton era.
Be Thankful For The Few Remaining Beautiful, Lady-like Women
Not all women's minds are engineered with the balanced ability to compromise & understand. So, like any other obstruction along the road of life, we have to learn how to steer around them.

Operation Head-Start
The inept, lazy, seemingly unconcerned Bush administration has accomplished a most difficult task just in time to hand the nation over to President BO's socialists.
Bush and Paulson, along with the ignorant-of-ramifications Federal Reserve, initiated nationalization of the US financial industry. Their tool is the ill-conceived $700 billion bailout bill that acquires ownership in financial institutions. Then, just weeks after that Operation Head-start, they began expanding their nationalization process to include industrial corporations and opened the nationalization door to other industries.
Bush, passively, in ignorance and displaying unconcern along with his minions have handed the incoming socialists their head-start. It usually requires demagogues and dictators years to achieve what BO's administration will walk into thanks to the Bush administration.
Hugo Chavez could learn much from his arch-enemy George Bush.
Soon you will not have George W. Bush to demean, disparage, and swear at. You will someday wish you did.

Global financial markets are leading quantified indicators. Since 11/4 -- a Day Of Infamy -- these quantifications are showing no disposition to relent their downtrends. Qualification indicators of social, cultural, ethical values and individual integrity will accelerate their present downtrends.

Judging by Obama's selections for advisors, potential appointees, and his premature leaks of secret and private information, we have returned to the deceit-filled, lying, deplorable acts of the Clinton years -- only in mean-spirited chocolate instead of dirty vanilla.

As the media unrelentingly announces that everything Obama does is historic, only his being the first of his race is historic in the positive sense. Little else he will do will be historic. Rather, he will provide repetitious implementations of Marx, Lenin and Mao's failed concepts forced upon a gullible, under-educated, insecure populace.

One Rule
Two factors control the broad, intermediate trend of financial markets.
1.)  Interest rates:  As rates -- and the perception of their direction -- rise, markets decline.
2.)  Taxes:  As rates -- and the perception of their direction -- rise, markets decline.
The Democrats have stated that if they gain power -- especially the US presidency -- tax rates will rise.  The Federal Reserve Bank has stated that it is vigilant and operating with a bias toward controlling inflation by raising rates to stave off inflationary trends.
It is not wise to buy financial assets when interest rates and tax rates are poised to rise. It can be wise to sell holdings and go short.
One rule to avoid losing money:  Do not go long when interest & tax rates are rising.
A Special Note To Complicit Jews
Make no noise, do not dare complain, and never even consider whining when you and yours are led away to the next Holocaust.
The next Holocaust may not leave any of your offspring alive to build monuments to you.  And that is good, since you will not deserve any monuments to anything about you other than to your non-analytical and stubborn nature.
Attention All Americans

Here is the connection: 1, 2, 3. Read it slowly & you may get it.

1.) William Ayers stopped using bombs; 2.) He hired Barack Obama; 3.) He now has orchestrated a political takeover of the USA.

Wake up, Americans. You have lost your country.
Announcement       Announcement       Announcement
Beyond Financial Assets
Capital markets around the world are dropping in reaction to the impending tax increases and capital redistribution in the new USA. Capitalists around the world are pulling their money out in anticipation of socialism's takeover of the global capitalistic engine: The USA. Capitalists everywhere understand that socialism destroys capitalism and its markets.
The socialism-motivated America Asset Deflation blossomed on Monday, October 6, when markets clearly envisioned a return to the failed policies of the early 1930s.
Doubt this? The major stock price deflation extended beyond financials & intensely spread into all industries. That demonstrates and confirms the Asset Deflationary Phase.
What appears a crisis in today's economy is be routine in a socialist economy.
If socialism were to win, over the following trading days you will witness the largest fleeing withdrawal of capital in all market history.
Stocks are declining and will continue downward for the foreseeable future.
As always, in all nations and all economic systems, stocks decline on the prospect of increased taxes and socialist takeover.
The day has arrived when the United States has no more to give. The USA has given all she had that might be extracted. There is no more that even the overly-empowered unworthy will be able to take from her.
The potential takers are too low class to perceive that the America they steal is a less wealthy America because of their decades of taking. But America's weakened condition matters not.
They dirty and depreciate everything everywhere they go anyway. Check out the houses they abandon if you doubt this.
This time it really is different!  Really!
This time the US, always the world's engine, driver, and primary passenger of capitalism is rotting within and on the brink of converting to socialism.
This drek could go on for years.
RCA stock dropped from 524 to 4 between 1929 and 1932.
GM could go bankrupt and need years to exit. It could be nationalized with stock holders' equity drawn to zero.
Name any nation where most people enjoy a high standard of living, whether qualified or not, can find a good job, receive near-free educations, have reasonably affordable housing, can start any business, have access to luxuries from cars to foods, and have a steady supply of consumer staples from toothpaste to toilet paper.

ONLY in America does that exist. It is due to the Constitution, free-enterprise capitalism, & guaranteed individual rights.
Answer your question yourself; elevate your thinking.
View the economy from a higher plane.
You are smart.
You will see major opportunities.
On Opportunities:
How many times have you thought, "If only I had bought that stock, that property, that house"?
Today's correction is answer to our prayers. Prices for quality assets are declining. Someday quality assets may be purchased at years-ago prices.
You will have opportunities in the future.  These days you are conserving your cash and preparing to acquire bargains so that when the correction ends -- or you guess that it is ending -- you will be buying depressed high quality assets. You will purchase primarily high quality because your buy decisions may be early and you may have to ride valuations down further thereby holding them longer than you expected to or would want to.
On Today's Correction:
Now that you are thinking on a higher plane than politicians and other losers, you can see clearly. You can relax in your new vision. You can see that after you understand people, their frailties, and their frequent inability to meet commitments, it is fruitless to place blame on factions. That activity wastes your resources.
Do not misunderstand me. The causes of today's financial problems must be identified. The individuals should be punished. The groups such as ACORN should be broken by jailing their leadership for sedition, intimidation, fraud, and extortion. This work is not your responsibility. Your responsibility is to observe, learn enough to avoid those people and situations, and identify opportunities for your future.
Once we see clearly from the top view, we should expend our resources searching for opportunities to short or go long in whatever asset classes we are cleverest in maneuvering.
On Bubbles & Corrections:
Capitalism is the most high-potential activity ever devised by man. Its objects may be simple, such as buying and selling candy (that may or may not be simple), or complex such as buying and selling real estate (that may or may not be simpler than candy). Capitalism is rarely simple or easy to operate successfully within over the long-term while also being honest and ethical.
That is why so many people choose socialism over capitalism. Socialism appears simple and its proponents make it seem that anyone -- actually everyone if you can believe that drek -- can be successful by doing nothing.
There was no one group or faction that caused the real estate bubble of the last decades. It required a confluence of forces just as anything big and meaningful does. The bubble got out control when government forces were coerced by greedy forces including Countrywide's founder and ACORN. They took advantage of the government-distorted system to make money and build power.
They are bad, culpable, and need severe punishment. They need to be examples for other potential violators of capitalism and its markets.
Bubbles and corrections are very, very good forces. These good forces should never be fought. Instead they should be studied, learned, calculated, and acted upon in concert with their natural directions.
Capitalism offers its greatest opportunities when outside forces manipulate it into bubbles and force it to make corrections. Bubbles and corrections are only large aberrations from a market's natural upward or downward trend. Bubbles and corrections occurring in supply, price, and demand go to extreme. A bubble will over-shoot; a correction will over-shoot. After some over-shooting, there will always be a strong force that causes a return to normalcy. After all, most forces want to be at equilibrium. Equilibrium is the confluence of forces wherein most forces are most comfortable at a given point in time.
Some Markets Appear Local:
We operate from where we are. At best we try to operate very smartly by assimilating all sorts of related data. We are rarely operationally so smart as to understand the total market, its impact upon our market partition, nor our asset slice within the market.
There are areas in the nation where ACORN has never sent a worker to extort form a bank, sign a document for a moron, or threatened a bank loan officer. However its impact came from the federal level and thereby impacted real estate laws and regulations in every state. How many questions on each state's real estate licensing examination had to do with Fair Housing and related requirements? Too many, of course.
ACORN's impact has infiltrated from the top down to all real estate participants for decades. Construction guys, brokers, buyers, sellers, renters, speculators, investors, bankers, financing businesses, major investment banking institutions, and derivative players around the world practiced their hands in the markets. As real estate obligations morphed into financial derivatives, were packaged and sold and resold around the world, real estate became monetized into a popular game-like activity. For a long period everyone made money.
Greed was good. It allowed the US government to create Fannie, legislators received cheap mortgages, Fannie's executives stole hundreds-of-millions of dollars, ACORN extorted, both worthy and unworthy people came to own a home and its associated debt instrument.
When one or more of the fundamental building blocks of a market become disproportionately outsized, a bubble is built, speculation increases, greed becomes nasty -- "greedy" -- and eventually the bubble, as all bubbles always do, bursts. And the last guy holding the inflated asset screams and whines and cries.
Today's America is filled with genuine losers. In response to the mass of genuine losers, there has grown an industry of demagogue crowd pleasers. These are people who have little more than the gift of gab and some superficial comforting aspect -- sometimes as superficial as skin color -- that appeals to and soothes the loser crowd. These charlatans gather, or rather community organize, the masses of losers into a cohesive groups of losers who willingly follow they know not where and care less. They are easily pacified. In numbers is power. Sometimes that power can be turned into votes.
Some markets appear local, but are impacted by peripheral and direct forces that are not given adequate credence by local market participants.
Opportunities:
Whatever market aspect a wise and paused person operates in, there are times when corrections provide incredible opportunities. Even if most opportunities are missed, even when money has been lost, even when assets are purchased no where near the bottom, money can be made.
The over-powering rule of all organisms is that the fittest stand the better chance to survive. The crooked stand the better chance to reap the largest financial reward at the heavy cost of ethical decay and self-respect. But those people never spend any money to buy mirrors so how they look is of no importance. They can always rent a sycophant to adore them. And sometimes they collect enough to run for public office. Don't worry, when they over-reach, they lose.
"Socialism is the philosophy of failure, the creed of ignorance, and the gospel of envy."

--  Winston Churchill
The Referendum That Will Judge The American People's Character
War is an ugly thing, but it is not the ugliest of things; the decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth war is much worse. A man who has nothing for which he is willing to fight, nothing he cares about more than his own personal safety, is a miserable creature who has no chance of being free, unless made and kept so by better men than himself.
John Stuart Mill, 1806-1873
Do the American people understand all that they have inherited so easily? Do the American people care about America... or themselves? If they care for both, how could they have chosen a socialist to be their president? If they care only for themselves, how could they have chosen a socialist to be their president?
Where will you be employed after capitalism has been murdered?
LEH... The One-time Lehman Brothers
September 15, 2008 -- LEH filed for bankruptcy. It has debt of $613 billion and assets of $639 billion.
LEH has shut down after 158 years. It survived the railroad bankruptcies of the late 1800s. It survived the 1930's Great Depression.
LEH was killed by uncontrolled, juvenile cowboy traders who wildly traded contrived derivatives of derivatives of derivatives mislabeled financial instruments that they passed along in hot-potato-style to the next Greatest Fool who believed that he would find a next Greatest Fool somewhere across the global economy who could be talked into buying these implicitly worthy debt obligations.
Home owner debt obligations -- often varying greatly in underlying elemental quality -- were bundled into packages. These packages were given the seemingly innocuous label "derivative". These derivatives were virtually deconstructed into obfuscatory tranche arrays. These packaged derivatives -- and derivatives of these derivatives -- were then sold by tranche, tranche groups, as well as, in total to customers around the world. Many of these packaged derivatives carried an implicit worthiness because they were being sold by reputable investment banking names. Some of these no longer exist: LEH, BSC. Others are fading and being absorbed into surviving larger banking organizations.
The final straw that broke the computerized Ponzi scheme of derived derivatives was the myriad of so-called home owners whom were given loans and mortgages that they did not qualify for on paper nor on any moral or ethical level of responsibility. Worry not about them for they will return to "buy" their next home whining about unfairness and racism.
In the end, this debacle proves that home ownership is NOT a right. It is no more a right than is possession of the Office Of The President Of The United States Of America.
Attention All Spoiled, Whining, Complaining Juveniles:  Demanding something -- whether a mortgage, a job in a company, or the US presidency -- does not qualify you for that position.
The US is just about out of Equal Opportunity jobs for the unworthy. Are there any worthy people remaining anywhere?
NOTE: To you who are so willing to hand the US Presidency off to a socialist and unworthy person -- who if he were white would be nothing more than another socialist radical on the fringe:  You may have had LEH in your retirement account. It is today worthless.
BEWARE -- Societies as arrogant as the USA have failed and fallen into disarray under socialism:
Are you educated well enough to have heard of the USSR, East Germany, North Korea, several South American banana republics, and many African tribal nations? Why does communism work in Asian cultures???
"War is an ugly thing, but it is not the ugliest of things; the decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth war is much worse. A man who has nothing for which he is willing to fight, nothing he cares about more than his own personal safety, is a miserable creature who has no chance of being free, unless made and kept so by better men than himself."

John Stuart Mill, 1806-1873
A Question

Why does socialism appeal to so many regardless of much empirical evidence of its many failures over generations?

Concise. Precise. Accurate

Because some people fear the unpredictability inherent in capitalism and are seeking what they think will provide them with more security.  The fact that it has been a proven failure does not discourage them because they take the "This time it is different" approach to life.
The USA was founded & built by Heroes, Optimists, & Doers.

Successful Americans do not appreciate -- nor want -- their leaders to be fear-mongering socialists, pessimists, takers, or liars... and certainly not the combination of all of these traits.
Getting It... Finally... But Continuing To Observe & Learn
Today, after observing how tens-of-millions of Americans are actively choosing to appoint an insufferable phony, vain, self-aggrandizing, pretentious, ignorant, egocentric, entitlement-focused, nasty, vindictive, selfish snob as their ultimate leader who will implement a proven painful, deplorable, self-destructive system --Socialism -- upon them, I finally get it.
Finally. After oh so many years... After oh so much talk... After oh so many attempts after attempt to reason and assemble my team... After oh so much contemplation... After oh so much confidence in you... After oh so much attempt to reason with you.
Finally, even I get it.
It was not ever about me. It was always about you all, the others whom I failed to believe would actually choose to be so much less than you could become. How could you, whom I had bumped into amidst the random chaos of daily existence while questing for coworkers, actually choose to live your lives to anything but the fullest? How might you choose to not make yourselves into your best, to not be the most productive, to not attain more, but, especially, to not meet your voluntary commitments???
Because. Just because. Simply because!
Because they passively chose to be less than they could have been. They chose to not apply themselves to achieve more. They chose to settle for being less than they might have easily become by simply trying.
Today I finally get it. If only these losers had simply identified themselves as themselves and disabused me of my mistaken application of my higher goals upon them. If only they had identified -- perhaps by wearing a large badge that even I might comprehend -- their chosen preference to not achieve all that their parents had wanted them to achieve. But did their parents actually want more for their children? Likely not.
I now know... and finally even understand. I thank you, each and every one of you under-achievers who are totally successful at achieving only what you passively chose to achieve.
I regret wasting time -- mine & yours -- attempting to arouse the impossible in you.
 
We Are Rotting
Suggestions on executive pay did not sit well with auto company executives during their ask-for-money congressional testimony.
Only Chrysler CEO Bob Nardelli said he would accept a salary of $1 per year as a condition of the loans. That's what Lee Iacocca took decades ago to help Chrysler secure a $1.5 billion loan rescue.
General Motors' CEO Rick Wagoner said he had no position on the idea today, but replied that he had taken a 50 percent salary cut earlier and lost most of the value of thousands of shares of GM stock he has purchased over the years.
Ford Motor's CEO Alan Mulally said he was, "OK where I am." Bloomberg Financial has estimated his compensation at $21 million a year.
~~~~~~~~~~~~~~~~~~~~~~~
This congressional testimony illustrates that our current situation is more critical and goes far beyond anyone's favorite car, GM, or GM's survival. This is about a sick, lost, and rotting United States of America.
Never should we allow such arrogant, uncaring, proven incompetence to borrow money to continue in their ways. These executives failed to manage properly. They allowed their industry to slide into this crisis condition. The global financial crisis is only a convenient excuse for them.
The USA is facing its most serious crisis since 1860. Our Congress is a disgrace, our corporate leadership has failed, and we are witnessing the nationalization of our industries. Imagine what will be happening after January 20, 2009.
If America still contains genuine Americans, a leader will emerge to lead us in the right direction.
Please God, bless America... once again.

An A & An F
Federal Reserve Bank Chairman Ben Bernanke has studied and become an expert on the Great Depression of the 1930s.
He has been doing a great job fighting that Great Depression.
As generals often do in war, Bernanke is fighting the last Great Depression.
However, while attempting to stave off further crisis, Bernanke apparently failed to factor in changed and additional elements existing in today's global financial debacle that were not existent during the 1930s.
These additional factors include derivatives, derivatives of derivatives, multi-tranched securitized instruments, MBSs and CDOs, each dynamically created in the virtual world inside computers. These artifacts were intended to obfuscate, and thereby disguise the underlying contrivances being sold as financial instruments. These computer-generated missiles were given legitimacy by the now-exposed specious participation of the ratings agencies.
Today's Ponzi scheme made purchase of these derivative contrivances by uninformed buyers feasible since they appeared to be good investments. Buyers having various experience and backgrounds were fooled into using pseudo-insurance policies under the guise of credit default swaps, CDSs.
Thorough analysis of today's debacle using predictive market equations must consider impacts of the new psychology. These analyses must factor in the psychology of the Spoiled & Entitled Generation.
As so often happens in these periods, Bernanke the academic-type earned an "A" for theory, but an "F" for his on-the-job performance. Some intestinal fortitude would certainly come in handy even for an "F" post-graduate operating in the real world.

Would You Care To Wake Up Now?

The MSM failed to report on or display any images of America's enemies celebrating, dancing in the streets, and shooting guns into the air following our president's win on 11/4.

Why didn't the MSM show us? Are the media afraid to show us how excited our enemies are now that we are being weakened in leadership and in military prowess?
Observed
BO was seen walking up the stairway into his airplane. He walked slowly, was hunched over, and was talking on his cell. He looked just like any other excessively micro-managing executive who is unable to walk and not talk on his cell phone at the same time. They can't stop trying to impress their underlings.
From whom is he receiving advice? Is he being instructed on which fork to use when he arrives for lunch?
He may never learn that having so much power, he does not impress people by constantly talking on his phone... or Blackberry. If he understood power, he would know that to be on the phone so often is diminishing.
Oh... remember the good old Bill Clinton trailer park trash days. Will the US presidency ever rise up to that high a level again?
Proving The USA Was The World's Engine... Of Confidence
October 27, 2008:  Piling on to the broadening collapse that gained momentum October 6, 2008, global financial markets are continuing to shrug off rallies and implode despite currency manipulations, interest rate cuts, capital infusions, and statements of confidence by the G7, IMF, Federal Reserve, and government leaders including those from the Middle East, Asia, Latin America, and industrialized nations of the West.
Certainly no one should wonder why, nor expect anything short of a continued sell-off, as long as the shadow of Barack Obama socialism looms. Around the world delusional, envious non-investing people hoping they might destroy the USA in an insular manner are wishing for the promotion of communist Obama to its highest position. Let us pray these short-sighted, angry, unthinking fools' dreamy nightmare fails to reach fruition. Markets are falling because capitalist investors are removing capital ahead of Obama socialism.
Spoiled, angry, panicky, non-globally-oriented amateurs unable to comprehend market vectors control OPEC and financial institutions. Capitalism requires confidence and is fragile.
Only Karl Marx, William Ayers & Barack Obama are celebrating these days.
October 31 UPDATE:  This week the S&P500 had its largest gain since 1974. This demonstrates the across the board collapse that started on the first Monday in October has at least temporarily reversed. This reverse coincides with tightening of the presidential polls. Financial markets around the world are sensing a possible McCain victory. Global financial markets know that their fastest cure comes from a healthy US economy and that is likely under McCain. Markets know Obama brings socialism, higher taxes, reduced investment, and a broad and long global recession.
November 6, 2008 UPDATE:  Since the November 4 election results confirmed that a socialist will be raising taxes, increasing government size and control, and that the radical left will dismantling US capitalism, capital markets across the world have re-entered their down-trends. Each day across the world of previously-civilized and productive capitalism, markets are declining on average 2% to over 8% each day.
November 18, 2008 UPDATE:  Major indices continue to hit new multi-year lows since the November 4 election results confirmed that a socialist will be raising taxes, increasing government size and control, and that the radical left will dismantling US capitalism, capital markets across the world have re-entered their down-trends. Each day across the world of previously-productive and civilized capitalism, markets are declining on average 1% to over 6% each day.
Today there is no good reason to own stock in capitalist corporations. This is because corporate earnings tax rates will increase, most corporations' business prospects will decrease, and the tax rate paid by investors on dividends and capital gains will increase. Moreover, to buy a stock amidst this long-term down-trend all most certainly guarantees a direct erosion of the capital used to make the purchase.
Therefore there is no end in sight to the current stock markets' down-trend.
Any fear of recession is dwarfed by thoughts of economic depression. To steer through financial and real estate markets these days, we must view the world a using rational, experience-rich, historic perspective. Today's prognosis is one of unlimited global business decline. This global decline will continue because global capitalism's engine -- The USA -- is being disabled by Obama's socialism, tax increases, and productivity-inhibiting policies. He and his policies inhibit personal productivity, motivation, and the positive spirit Americans have always embodied.

Victims
We are all victims. Damn! It doesn't feel good... this being a victim crap.
We are victims of the United States of America's centuries of success leading to unbounded prosperity being freely handed down to each of us. We acquired our comforts so easily that we failed to appreciate them.
Now many of us victims -- soon to be laughed at by our new slave owners -- appear prepared to toss the USA into the hands of socialists, communists, racists, and revolutionaries.
Perhaps in a generation or two, Americans may re-acquire their liberty, individual rights, and prosperity.

Financial Warfare: 5G Is Near
On September 22, at the end of primary trading in oil, the price spiked a record amount, around $22 per barrel.  A few days later the NASDAQ reported that it had reversed several large block trades in GOOG and a few other company's stock.  The orders came in within 2 to 3 minutes before the end of normal trading.  Those orders took GOOG stock from a several point gain to around a 40 point loss.
As for the oil spike from the lower $80s to over $103, I have heard no explanation... not even the often-used roll over of contract nonsense.  The NASDAQ said the stock orders came through "unusual channels".  NASDAQ reversed those trades thereby correcting the closes.
The Internet, people's fear, lack of understanding socialism and history, and spoiled expectations for nothing but increased real estate and financial asset valuations since the realization of Reaganomics and the first market explosion in August, 1982, have set us up for severe failures.
We are extremely vulnerable to a financial attack that would dwarf October's correction.  This is more than tax loss selling, preparation for increased capital gains tax, or simple fear of changes.
The juveniles -- both man-boys and nasty women -- who populate the under 40-year-old group are in for serious set backs.
Absolute Final Confirmation
President Reagan has moved on to a cleaner, more peaceful existence. However, today's political and market activities completely confirm Reaganomics as being the tool to elevate all people who choose to work and improve a nation's standard of living.
The election of an inadequate person could reverse all that President Ronald Reagan worked to change.
Stock and credit markets are today reacting to the promised dismantling of Reaganomics.
That is clear. That is as clear as any market activity might ever be, that is.
Serious financial problems have been visible for over one year. Each crisis has been and continues to be handled either by bank and investment house mergers and absorptions, Federal Reserve intervention, capital infusion from sovereign funds of oil and trade-enriched nations, moving CDSs to open exchange trading, and other clever capitalistic mechanisms yet to engineered.
In a normal period, stock and credit markets would recognize that problems are being resolved. Then, as markets always do because participants want to make profits, markets would be reversing the decline of the last year and trending upward by now.
The fact that stock markets have not started trending upward after a year of decline when all signs are that every nation from the US to Iceland have guaranteed almost everything to be secure in one way or another, demonstrates that markets are reacting to another force. That force is perceived to be poisonous, potent and negative.
That poisonous, potent, negative force is the promise of increased taxation, implementation of socialism, and restriction of liberty, decreased business opportunity due to increased taxation, each with diminution of individual rights if the wrong person were to be elected.
Markets are declining in anticipation of the dismantling of Reaganomics.
Therefore, the major bull market that started in August, 1982, around a year-and-one-half into President Reagan's first term is ending today. It is being undone.
The entire world owes the widespread trade and manufacturing booming successes that have raised billions of people from China to Poland and nearly everywhere else to capitalism. Capitalism was freed and restrictions were minimized by President Ronald Reagan.
Considering the juvenile, narcissistic, self-involved, poorly-educated electorate that is allowed to vote in the US, it is easily observed why it welcomes a person having little experience and devoid of substance and experience to control their destiny. People today seemingly only want to exercise, eat their veggies, worry about global warming, and prevent others from freely enjoying their lives.
A question remains:  When might today's voters select a person so lacking in experience to be their doctor, lawyer, accountant, resolve global warming, invent the next technological breakthrough, design their new hybrid vehicle, provide investment advice, guard against foreign and internal threats, and decide which veggies are most healthful?
As some of us have proclaimed for over five years, the correction that started in 2000, never reached fruition. It failed to provide the full cleansing that genuine corrections must provide. When corrections fail to correct they are followed by even grander bubble phases.

The failure to squelch the bubble in 2000, permitted a birth of the next bubble. That bubble enveloped non-tech stocks, real estate, commodities, and those newly-contrived derivatives that helped fuel the next bubble phase.

Today's correction needs to correct excesses. If this correction fails in its primary mission, it will fuel another bubble phase that will then correct with an even greater correction.

A full, widespread, cleansing will come to pass eventually. They always have.
Financial Institutional Failure:  The Process
Today's financial problems originated with the misconception that basic laws of economics can be violated by politicians intent upon redistributing wealth from those who earn it to those who are not able to earn enough to justify their reaping rewards as if they had earned it. And those politicians -- using the powers we, the voters, gave them -- dictate how much of our money we may keep... and how much we must pass along to those minorities earning less than they want. This debacle did not start on Wall Street. It was born in Congress, in the Carter administration, and, when it started to fail, it was given new life during the early years of the Clinton administration.
Most taxpayer are justifiably disgusted with the US government's $700 billion wall street bailout package. The root causes of this unseemly solution are buried in the Carter years with enactment of its Community Reinvestment Act in 1977, and were continued with enthusiasm by the Clinton administration, Representative Barney Frank, Senator Chris Dodd, Chuck Schumer, other Democrat lawmakers and -- most especially -- by groups like ACORN. As mortgages and loans to the unworthy became less attainable ACORN lobbied these same legislators and other Democrats in Congress to expand the implicit government guarantees provided by Fannie Mae and Freddie Mac.
ACORN's leadership strong-armed its Washington lawmakers into forcing banks and mortgage lenders to lend mortgage money to financially unqualified minorities and others who everyone knew would never continue to pay their mortgage payments over time. Because these lender institutions were forced to lend to unqualified home buyers, they did what any business would do under similar circumstances:  They found a way to sell off those likely bad loans to other investors.
Since no one in their right mind would buy a package of bad loans, the only way to sell them to investors was to mix them in with good loans and sell pre-packaged goodies that had both good and bad in them. Thus was invented specialized derivatives. These loan derivatives are the CDOs and other instruments that today have no value to the marketplace, are therefore causing huge bank writedowns, and in turn, bank defaults.
Fannie Mae and Freddie Mac using its implicit government guarantee, purchased packages of bad and good mortgages known as Mortgage Backed Securities, MBSs. Banks also packaged bad and good mortgages into other forms known as Collateralized Debt Obligations, CDOs. These huge debt obligations were then resold to Wall Street investment banking houses, including Lehman, Bear Stearns, Goldman Sachs, and others, as well as investors around the world. Once the financial house of cards began to fail, banks refused to do business with other banks and investment banking institutions. That refusal shut down and locked up the short-term interbank credit and lending markets. It is today these final purchasers -- those left holding the bag of derivatives -- that are having to writedown and write off tens-of-billions of dollars of debt.
Hence the government (taxpayers) has to step in to fill the holes caused by Democrat government do-gooders who told banks to lend to minorities no matter what their credit qualifications.
Handing out housing loans and mortgages to financially-unqualified minorities that did not make good economic sense might have made you feel good during boom times. How does it feel today? How does it feel after your stock portfolio where you carefully placed your "buy-and-hold-sure-thing investments" has decreased significantly in value... and in many cases investments have become more worthless than those mortgage holders?
Money can be used to buy stuff. Tomorrow more stuff... and nicer stuff!

Commodities are raw materials, not financial instruments alone.
The commodity bubble has burst and continues to deflate. This was a relatively immediate, quickly-inflated bubble so it may re-inflate -- but only partially. Commodities that are deflating include soft, grains, industrial metals, precious metals, and energy. All commodities are supplied by many nations. Even though many are critical and cannot be replaced by others, pricing of these commodities will return to supply-demand based levels. All commodity bubbles going back to 1953 have returned to supply-demand equilibrium pricing.
Housing provides comfort and safety for those deserving it, not high-returns alone.
The housing bubble has burst and continues to deflate. This was a multi-generational bubble and therefore ingrained a psychology into tens-of-millions of Americans with now unrealizable expectations. The housing bubble was also a long-inflating bubble. It was engineered and promoted by artificial and non-economic forces. Those forces include laws promulgated by the US Congress starting with the Community Reinvestment Act of 1977 and given further illegitimate potency and false market release by inclusion of Fannie Mae. Moreover, banking regulations were decisively impacted, mandated the near-ignoring of credit worthiness, and emphasized the minority status of unworthy people in order to provide loans and mortgages at teaser, then ever-escalating rates.

Those long-inflating forces were given further appearance of legitimacy by financial institutions' use of derivatives, CDSs, CDOs, multi-traunching, and deceptive packaging, often disguising their contents to sell these products around the world to buyers enticed by promises of high interest returns and implicit too-big-to-fail psychologies of the underlying contents and promoting institutions.
Everyone has lost money and many will lose more.

Billions -- actually trillions -- of dollars have been lost by nearly all entities involved in finance, including banks, brokers, funds, holders of assets, both individual and professional. Near all forms of assets have declined in value, including contrived financial instruments and tangible assets.

Assets of nearly all types are continuing to decline in value. They will stop declining in value when they stop declining in value.

Housing is declining in cost. Land is declining in cost. Commodities are declining in cost. Financial assets are declining in cost. Durable goods are declining in cost. Relative valuations are beginning to increase.
Positive contra forces are at work.

Technology is improving the capabilities, quality, and durability of durable goods. Today's cars are significantly better than yesterday's cars. Tomorrow's cars will be better in all respects than today's cars. Therefore the cost per value increment received by the purchaser will be greater tomorrow than today. A dollar will buy more car value tomorrow than it can today.
Money is increasingly able to purchase more value; there will be more money in circulation.

A dollar will potentially acquire products having more value, higher quality, and greater efficiencies tomorrow than it can today.
However a byproduct of repairing the financial system will be an increase in the amount of money in circulation. That is inflationary. Therefore it will be necessary to balance for each purchase the deflated price involved in a potential asset purchase versus its price inflated monetary factors.

A wise person with a moderate or long-term horizon outlook will today collect dollars for future deployment into top quality assets at lower costs. Unimaginable bargains will become available for those holding cash. A wise person will not dilly-dally