STOCKS FINISH BEST QUARTER SINCE TECH "BUBBLE"...

Could a more fitting title for an article on the CNBS website ever be found? I  think not unless the author included the words "delusional" "dysfunctional" or perhaps "insane"

For the 3d time in a decade the criminal cartel from lower Manhattan who pull the levers of the economy and set the policy for the nation, have inflated the expectations, perceptions, fantasies, hopes and electronic bank accounts of a whole nation of gullible foolhardy sheeple once again set up for disappointment and destitution.

No one can argue the fact that the Russell 2000 is at highs not seen since the peak before the fall in 2007 but to view this milestone in isolation would be to perceive reality with ones head firmly planted in a sunless orifice. Consider then and now...

In 2000, as in 2007 real estate was hitting its stride. Trailers in California were selling for a million dollars, books were flying off shelves about how to flip property, maids and burger flippers were buying $600,000 Mc Mansions with nothing down and hundreds of millions of dollars were being extracted via home equity loans to be spent into the economy on every trinket, bangle and bob China could crank out of some effluent emitting factory. The English language was being modified with new words defining how all the old metrics were obsolete..."new paradigm" "new economy" etc...all extolling how the business cycle had been repealed and how boundless prosperity was to be had by all via a mouse click and a google ad. How did that work out?

What is even more striking is the differences between then and now. As we hit new highs in the equity markets, the underlying economy of the entire planet couldn't be in greater opposition. Absent then were the following..

43 MILLION ON FOOD STAMPS

RAMPING INFLATION

RAMPING OIL PRICES

3 WARS

MID EAST IN TURMOIL

RISING RATES

NO BUDGET

14 TRILLION DEBT BREACH

1.5 TRILLION YEARLY DEFICITS

DOUBLE DIGIT UNEMPLOYMENT

3 NUCLEAR REACTORS IN MELTDOWN

NATIONS IN DEFAULT

CURRENCY WARS

PLUNGING DOLLAR

FRAUD ON MASSIVE SCALE

HOUSING HITTING NEW LOWS

MONEY PRINTING ON EPIC SCALE

RECORD FOOD PRICES

BANKRUPT SOCIAL PROGRAMS

100S OF FAILING MUNICIPALITIES

BANKRUPT STATES

INVERTED YIELD CURVES IN PIIGS

FRAUD BANK ACCOUNTING

RECORD FORECLOSURES

TSUNAMI

PLUNGING CONSUMER CONFIDENCE

RECORD DEBT

TERRORISM

SHRINKING CORPORATE MARGINS

How do you suppose this latest and greatest "bubble" will work itself out?

People are stupid! They are myopic, shallow, self serving historical delinquents. They are gullible and easily led, deceived and duped. "A sucker is born every minute" and you CAN fool all of the people all of the time.

People, particularly fat fuck Americans, are "feel good" creatures. They are decadent and conceited, easily conned into having everything they want when they want it via every buy now pay later scheme ever devised. They have no self respect, honor, discipline or self worth and define themselves by the images beamed to them over their glowing blue tv screens believing they are less than dog shit unless they have the newest and biggest pieces of crap pumped out by the surreal spokespeople for the predatory capitalist corporations who control everything.

Do any of you ever consider what the financial engineers of this rock in space are trying to do?

I'll tell you...

They are trying to preserve and re-animate the corpse of an un-sustainable perverted system that has as its mission statement the financial slavery of everything and everyone that exists now and into the future. Banks exist with a singular mission statement...their business model...their only reason for being...to get as many as possible in as much debt as possible for as long as possible at as high a cost as possible. This is bankings only reason for being and their singular objective. Corporate America exists to sell you as much as possible regardless of what it is, no matter what cost it extracts on the planet, at as high a cost as possible regardless of its need or utility, life span or practicality, function or form, or its long term impact on the welfare of the earth or the people who populate it. Politicians exist solely to be re-elected to maintain their illusions of power and prestige. This nation hasn't had a statesman since Kennedy who they took out because he threatened the agenda of the corporate elite. Dumbed down voters think that their voice matters on election day when in fact no choices exist at all given that the party of two has candidates hand picked by banks and corporate entities. Squealing fat ass voters champion the shill who promises the most time and time again only to be dismayed that all promises go unfulfilled by the elected whose allegiance from day one lied with his corporate sponsors and puppet masters.

Nice system eh?

Well, let me tell you something....America is done for. It is a lie and always has been from the day the Pilgirms landed and stole the natives seed corn. Nothing has changed, nothing will change except the tipping point when the last lie is told, the last sheep has been conned, the last uptick in the Dow is registered....and it all goes over the fucking cliff.

I'd scream for you all to wake up!! but it would matter not...best let sleeping sheep lie.

CASINO MENTALITY...

You will be hard pressed to find someone who hates the establishment more than I do. I hold nothing but contempt for politics, religion, consumerism, commercialism, corporatism, capitalism, all "isms", suburbia, "growth" and the whole notion of the progress of mankind being measured by global GDP and the raw tonnage of coal, oil, shipping, landfills and the weight of the average American. I hate it all. I loathe it, I despise it, I vilify it and I do so not out of some queer personal pathology but because it is perverted, corrupt, irrational, immoral, decadent and an overt theft, against my will, of my sons future. Fuck with me if you want but fuck with my sons....

I think the tipping point came when I heard the term "asset class" applied to food stuffs by none other than the revered "investor" Jim Rogers. Rogers made a name for himself in the "investment" world by forming the first hedge fund, breaking the bank of England with buddy George Soros, and becoming a billionaire before he turned 40. Having a billion dollars is obviously not enough as Rogers appears regularly on the propaganda tv networks discussing his latest ideas on how to turn a billion into several billion. One of his top picks was long rice. He correctly sees the massive production of fiat money flooding world markets, the loss of rice farming land in many geographies, the burst in human population and all the other dynamics that will produce shortages, ramping prices and starving people on a global scale. What's not to like? Adding your weight to global starvation prospects in a speculators paradise and filling your coffers while swaths of humanity exhaust theirs is what its all about!!

Enter the casino!!

This isn't an exclusive "big boys" club anymore! Oh no, you too, no matter how tiny your brokerage account can be part of this once in a lifetime "investment" and load up on your favorite ETF that specializes in agricultural commodities. You can even act like a "big dog" and lever up with options on them or go full speculator and get yourself a futures account to lay down bets on rice going full parabolic! Isn't that what "investing" is all about? Just think about it...you turn on the boob tube and see the nightly news reporting on food riots in some shit hole 3d world country and you know instantly that your account is fatter than the day before! You can squeeze your fat ass into your new Lexus SUV and burn a few gallons of hydrocarbons rolling to the mall to pick up an even bigger big screen to watch all the suffering on!! Isn't America a great town?

The fun doesn't stop here!!

With all this new "wealth" created in the cradle of liberty and the land of opportunity...other "investors" are now flush with newly printed cash too. You can move on with the "houses" money to "invest" in weekly options, derivative bets on Irelands insolvency, some "Build America bonds" or even stick your neck out and bet against the US treasury market and the eventual default and insolvency of your own country!! Fuck yeah! You can speculate in oil and hope your winnings outpace the price of gas you're helping to drive higher, load up on natural gas fracking companies that poison the groundwater, a little Arch coal who's busy pushing the top of a new mountain in coal friendly Kentucky or some cookie cutter home builder who's on the upswing as the housing market "recovers" to its old glory of paving over with lawn and asphalt a couple of million acres per year!! It is all right there now at your fingertips! The casino never sleeps. You can bet in premarket, post market, overnight market, electronic market or be a lazy fuck and "trade" during market. You can "flip", "scalp" "swing" "hedge" "arbitrage" or swing for the fences...it's all good in "investment" land! You can fire up 6 flat screens and do all this at once throwing in some fx trades for good measure to capture the interventions of some central bank in Asia! Fuck! You can even buy or build your own little algorithm which while not co-located on the floor of the exchange, gives you an edge over the other pitiful little pick pockets who might try to short your rice long and deprive you of your hard earned profits.

It is all sick!!

It is dysfunctional, diseased, perverted, pervasive and no one gives a shit. There is no morality, no ethics, no sense of fairness or justice. It doesn't matter who lives or dies, what consequences unfold, who gets hurt or how any of it affects the future. Money equals morality now. And it is all about the now. Eat the fucking seed corn for tomorrow you may die is the mentality of everyone from the political realm to the "investing" realm. There is no such thing as enough, whether it be money, power, wars, corruption, perversion, calories consumed or Lindsay Lohans binge drinking barf fests. Fuck the future, fuck your neighbor, fuck some poor slob in Asia, fuck your country...and don't forget to fuck yourself!

PS...I think there is an Iapp for fucking yourself.

DID DENNINGER HAVE A STROKE?

I refer you here...http://market-ticker.org/akcs-www?post=183130  Now, while one of the mission statements of the "Bee Hive" is to ride herd on the hypocrisy of Denninger and offer truth to his lies, I certainly don't wish the man ill...but damn! He looks like he had a stroke. Ok, ok...that's not the point of this post...just had to use my stinger when the opportunity arose. Ha! Point of fact, I do agree with his mini analysis in this clip. The problem though isn't the validity of this perception, the problem is that Karl, like so many others, never ever analyze the problem back to its root cause. He like so many other "experts" are great at dissecting the obvious but blind in getting to the core of problem that causes all the symptoms they expound upon. There is a root cause to our financial situation. It is not acknowledged, not considered, ignored and avoided, and it ensures that there will be no fix now, later or ever. The following is a brief essay I posted on his site some months ago (pre banishment)...it deal with the nature of money in a credit driven fractional reserve world...it is the fundamental problem with everything. Have a read, post some comments and or questions and if there is any misunderstandings, I'll clear them up..

Karl, you are a brilliant man on all manner of subjects. Very few possess your ability to rationally and logically perceive what is and think through the consequences, cause and effects, origins, destinations and choices involved in very complicated systems financial and not. I think however that you fail to grasp the full nature of our modern money system, what money is, how it works and why it is fundamentaly flawed and as such destined to fail. In all your critiques you always hold out some measure of hope that things can be "fixed" within the blueprint of the current system. That the purging of fraud, the "normalization" of interest rates, the bankruptcy of the inefficient will somehow restore "balance" and allow life to merrily dance along with prosperity for all. I submit that you are missing or omitting some fundamental truths that render your hope for change from within futile and destined for disappointment.

1. You have made the point numerous times that there is an inequality in "zirp" that denies and deprives savers of a means to make a living off of their savings. While I completely agree that "zirp" is a perverted ploy to socialize losses and steals from the masses, I disagree with your premise that savers could ever make a living off interest income and at the same time have a sustainable economy to provide that status. One mans interest income is another mans interest liability. It is a net zero in the general sense in that the rewards of the saver are the costs of the borrower. If everyone were a saver there could be no borrowers, If everyone were a borrower then there could be no savers. It is not a win/win scenario. The idea that "normalized" interest rates would somehow be a benefit to the economy by providing income to savers denies the other side of the coin where borrowers are less well off because of their liability to the savers who lent them their money.

2. I don't think that you would disagree that we live under a credit based system. Credit is money and money is debt. All money is called into being by debt. Without debt there would be no money at all. I think even the most Ben Stein of economists understand this. Why then is the obvious flaw in the system so universally dismissed, ignored or blissfully unknown? If all money is debt then all increases in money supply equals an increase in debt. For a saver to receive interest income there has to be an increase in money supply to provide it. The interest therefore has to be called into being and since all money is called into being via debt, total debt in the system is the sum of the interest due the saver plus the interest on the newly created money to pay that original interest. It is a compounding function. The interest has to be created by new debt which in turn has to be created by more debt which in turn....endlessly like a passbook savings account in reverse. Compound functions of which you are well versed are unsustainable by nature and our system of money is no different than a colony of bacteria in a petri dish expanding at a compound rate until the growth medium is exhausted. You cannot compound grow debt as the system demands and therefore the notion of a system of wealth creation via savings and the receiving of interest is flawed.

3."Growth" is more than a buzzword it is the underlying premise of the system. All forces herald it as good and desireable and all policy is designed to enable it. But "growth' too is a compound function. GDP is not measured from some baseline number drawn from the past, it is a percentage on top of a previous percentage. It is exponential in nature and like the bacteria/petri dish example is impossible to maintain both in the physical sense and the monetary sense. Leaving aside the physical elements of natural resource depletion and environmental destruction and sticking to the monetary element..."growth" requires expansion of the money supply. It is an absolute hand in glove relationship. An expansion of the money supply in a credit based system requires a compounding rate of debt assumption/creation and since that too is a compound function, it is impossible to sustain. Parabolic curves do not exist in nature. They are self defeating and impossible as is any hope of changing a few cogs in the money system machine and expecting it to function against a flawed basic design.

I think it is admirable what you do in standing up against fraud and abuse and manipulation. Those are noble pursuits in their own right. But to have faith and hope that a flawed system can be re-animated by some form of reset is really an endorsement of the proven boom/bust folly that has been endemic to the system for hundreds of years with each cycle becoming progressively greater in intensity. There are billions of stars in the galaxy but we talk in terms of trillions now with incredible indifference to the scale of it all. Where it once took millions then billions then hundreds of billions to re-animate the corpse of the fundamentally flawed system...now it takes trillions and tens of trillions. Proof once more of the compounding destructive nature of a money as debt system that cannot possible be resurrected.

All the kings horses and all the kings men will never put this Humpty Dumpty system of money back together again. We need a complete overhaul and a non usury system devoid of credit as money. There is no other way and all the analysis of what is wrong now is really quite pointless when the blueprint is unworkable.

MIRACLE BEES...66 OUT OF 8 MILLION...

One of the things that has always struck me dumbfound about the human mind is its incredible ability to  hold two entirely different and contradictory thoughts or philosophies simultaneously within the confines of the same head. The psychological term for this phenomenon is "cognitive dissonance"...


Marian Keech was the leader of a UFO cult in the 1950s. She claimed to get messages from  extraterrestrials, known as The Guardians, through automatic writing. Like the Heaven's Gate folks forty years later, Keech and her followers, known as The Seekers or The Brotherhood of the Seven Rays, were waiting to be picked up by flying saucers. In Keech's prophecy, her group of eleven was to be saved just before the earth was to be destroyed by a massive flood on December 21, 1954. When it became evident that there would be no flood and the Guardians weren't stopping by to pick them up, Keech became elated. She said she'd just received a telepathic message from the Guardians saying that her group of believers had spread so much light with their unflagging faith that God had spared the world from the cataclysm (Levine 2003: 206).

More important, the Seekers didn't abandon her. Most became more devoted after the failed prophecy. (Only two left the cult when the world didn't end.) "Most disciples not only stayed but, having made that decision, were now even more convinced than before that Keech had been right all along....Being wrong turned them into true believers (ibid.)." Some people will go to bizarre lengths to avoid inconsistency between their cherished beliefs and the facts. But why do people interpret the same evidence in contrary ways? 

For a more current example of "cognitive dissonance" one need look no further than the Tickerforum hosted by Karl Denninger at www.tickerforum.org.   Chief "bottle washer" Karl Denninger has offered up a couple of prime examples proving that intelligence is no barrier to psychological delusion. I invite you to visit his site, read his ramblings and then consider the following...

Cognitive dissonance requires that two contradictory thoughts or philosophies co-exist within the confines of ones thoughts. Since the thoughts are contradictory, it stands to follow that one of them must be rational and the other irrational. In Karls case, the rational mind is obvious on a regular and continuing basis. He is an excellent forensic financial analyst who clearly and articulately documents economic doings with substantial evidence in the form of charts and graphs, documentation, logical deduction, statistics, disclosures and black letter law. It is rare, at least so far as economic issues are concerned, that he offers up opinion without the backing of substantial evidence supporting his conclusions and prognostications.

Such cannot be said for his personal philosophy...

Karl is a "Christian" or more specifically, a Catholic which while technically "Christian" stands quite unique amongst the multitude of denominations under that broad umbrella of "believers". On "Ash Wednesday" Karl proudly posted his "mark" (a broad thumbprint of some holy substance) smudged upon his forehead and posted comments about his "Mass" attendance and some "spiritual" babble. Herein lies the "Queen bees" open and obvious, proudly proclaimed "cognitive dissonance" and the similar "cognitive dissonance" of his hive of followers.

On the one hand you have a man with a following who insists upon fact based deduction, black letter law, hard statistical evidence and logical deductive reasoning in all things economic and financial, and on the other, you have a man given to ritual, idolatry, symbolism, myth, superstition, the supernatural, the invisible, "faith", "belief" without evidence, and an entire spiritual realm entirely unsupported by fact or rational thought. Karl does not "believe" the books of Bank of America but he believes in Satan, Hell, sin, confession, saints, heaven, virgin birth, virgin ascension, angels, priests, the pope, prayer and the entire doctrine of Catholicism which you have to swear to in order to be part of the genuflecting clan.

I'm sure Karl is aware of a place call Lourdes where it is said (and believed by millions) that the "Virgin Mary" appeared to a young child with some important message to be passed along to all of humanity. Putting aside the obvious ridiculousness of such a happening, an even more ridiculous parade of delusion goes on even to this day. Over 8 million people have pilgrimaged to Lourdes. Pushed, pulled, wheeled, dragged and on their own power they make the journey from every corner of the earth in search of blessing and miracle from the holy water that flows from the side of a hill in that most revered place. The Catholic church has "documented" 66 answered "official" miracles and a few more "probable" miracles where the desperate pleadings of the ill and crippled were granted. 66 out of 8,000,000. If Bank of America said that they had forged 66 mortgage documents out of 8 million how statistically relevant would that be on the entire mortgage market? Cognitive dissonance. The insistence on fact and evidence co-existing with blind irrational unsupported myth.

Being a good and faithful Catholic, I'm sure too that Karl is a believer in the mystical Catholic doctrine of the Virgin Mary ascension into heaven upon her death. Being the diligent analyst that he is I'm sure he is aware that no where in the Bible is there even the vaguest reference to the death of Mary let alone her miraculous levitation act into the heavens. Fact of the matter is, a Pope some years back, had a vision in his head that saw a virginal fly- by and with papal decree and an official proclamation  and statement, made the imaginary vision, without a shred of evidence even from the good book...Catholic fact.

Cognitive dissonance.

Denninger is a study in conflicting contradictory thinking. His cognitive dissonance extends beyond his "faith" to his everyday life. In his head he holds nothing but contempt for the criminal financial markets, brokers, banks, governments, agencies etc but publishes an ongoing running stream of "trading" activities that sees him shoulder to shoulder with the very crooks he rails against doing his best to pick their pockets before they pick his. He rails against government controlling the dealings of men but begs them to use their rules and laws to handcuff the crooks. He condemns the environmental destruction ongoing in China but carries a sign reading "drill baby drill" even as oil laps the shore outside his suburban castle in Niceville Florida. He insists upon fact based analysis of government budgets, projections, assumptions etc but spends hours compiling charts and graphs with bands and lines, wiggles and "fibs", dojis and clouds "guessing" at the outcome of bets wagered in the crooked casino in a manner that assures an outcome no different than the "Brotherhood of the seven rays" waiting for the ufos to pick them up before the world gets flooded.

Cognitive dissonance.

Why would you believe a mans opinion who can't even sort out his own beliefs and separate what is real from what is make believe?

We'll explore "belief" in depth in future entries as well as "delusion" "reason" "religion" "the appeal of authority" and the ever mystifying contradictions of the human psyche in all its weird and wonderful ways as it applies to life, politics, decision making, ethics, morals and "god" knows what else I'll come up with!

Cheers!

PRAYING BEES...

In the 18th century N.E. Primer appeared the following prayer...

"Now I lay me down to sleep
I pray the Lord my soul to keep
If I should die before I wake
I pray the Lord my soul to take."

I wrote an essay on Denningers "Ticker Forum" a week or so before I was banned. There was a guy who was seeking prayers for his son who was sick in the hospital with a serious life threatening issue. He had asked the "ticker bees" to pray for his son, that the doctors would find solutions and he asked for "Gods" will to be done.

My essay was about the nature of prayer and in particular the mass delusion that gripped the "ticker bees" as they uniformly put up little emotocons of little faces and folded hands all saying "prayers" and occasionally a few supportive words to the anxious dad.

Make no mistake, my sympathies and heart were one with this man. I faced the prospect of a lost child twice myself. I know only too well the inexplicable pain and angst of sitting bedside not knowing if my child was going to be with me the next day or not. I had and have great compassion for this grieving father, I've been there done that.

What I wrote about was the swarm of "ticker bees" delusional attempts to persuade "God", the false hope offered with deity bargaining, the reliance on the supernatural non-sense of invoking "the almighty" and the entire contradictory premise of divine intercession. In short, despite the opposition to the "timing" of my piece, I wrote the truth.

You see, the "truth" does not holiday until convenient. The "truth" does not sulk or hide away until the masses deem it appropriate. The "truth's" time is always now, regardless of circumstance. "Truth" doesn't stand in line behind "feel good". "Truth" is not unkind or kind, sympathetic or callous. sensitive or insensitive, it just is. "Truth" stands alone at the front of the line, all the time, every time and respecting and honoring its standing is a far more noble position for a rational man to take than cutting in line with platitudes and non-sensical well wishes of delusional, prayerful hope.

My young son had a cat many years ago now. In the morning I would let him outside for a clock setting 15 minutes where he would do his cat thing and return to the slider meowing to be let back in. One morning 20 minutes passed with no Tabby at the glass. I knew instinctively what had happened, coyotes got him. I put on boots and grabbed a flashlight to see if my worst fears had been realized. By the bushes was a tuft of hair and by the big pine another and further towards the woods yet one more...

The young one came downstairs as the sun broke the horizon. First thing he did as he was in the habit of doing was to look for his cat...my game face was on, time for the first father/son talk about the facts of life.

Tears flowed and sobs fell as I told him the story of what must have happened. I showed him the hair and gave him some comfort that his cat did not suffer. I explained to him that he was dead, had been killed by wild coyotes as was coyote nature to do, and that it was no ones fault. I said that he would not be coming back, that he would return to the earth after we buried him and that I would miss him too.

We buried the tufts of hair at the edge of the lawn where it met the woods later that day. We did not pray but said some kind words about what a good cat friend he had been. There was no lie told by me of cat heaven, gone home to the clouds to be with "god", kitty re-incarnation, or any other mythological bullshit. I told him that all things die, that no one knows what happens after that, that grieving loss was good, the memories are precious and that we were grateful for the time we had with this furry little creature. And that was that.

If "gods" will was at work in having two coyotes make a wish with my sons pet cat and causing grief to a 7 year old then he is a sick son of a bitch of a "god" If "praying" for a different outcome was of any use then "god" doesn't have much of a will if it can be changed by request. If he was a bad cat in his cat soul then he probably went to Hell and if a good cat who accepted the Lord and savior just before two sets of canines split him it half then I guess he went to kitty heaven. Either way the omniscient omnipotent "gods" will was done and my or my 7 year old sons pleadings wouldn't have mattered anyway.

I don't do irrational. I don't do deals with a "god" I don't do delusional for the sake of feel good and I have never lied to a child about the realities of life.

That evening we put some flowers on the grave and talked a bit about some funny memories when his cat would get hopped up eating catnip from my garden and flop around all crazy and shit. We took a ride and stopped for an ice cream, fed the birds at the town pond and considered getting another cat. I was ok with the whole day and so was my son. He laughed all the way home while I acted out his cat rolling stupid on the lawn with a belly full of catnip.

I told him the truth, he didn't need to ask a "god" to change his will or cede to his. He cried, he laughed, he accepted...more than I can say for most adults.

THE ELECTRIC BEEHIVE..A POEM FOR DENNINGER

RAY DEE O ACTIVITY

MAKING E LEC TRIS CITY

THE WASTE IT LASTS ETERNITY

BUT IT ROASTS MY COFFEE NICE E LEE

I DON'T CARE WHO LIVES OR DIES

I'VE GOT SIX SCREENS TO TRADE STOCKS BY

A BIG SCREEN TELE AND FAST WIFI

AN ELECTRIC BLOG WHERE I CAN LIE

I CARE LESS IF THEY MINE THE COAL

DRILL BABY DRILL TILL I GROW OLD

THERE'S NO GLOBULL WARMING IT'S ALL GETTING COLD

I'M SELF MAXIMIZING IF I MAY BE SO BOLD

I LIVE IN NICEVILLE YOU'RE IN IRVINE

YOU SAY ENOUGH I SAY MINE BABY MINE

YOU LIVE OFF FOOD STAMPS I'M DRINKING WINE

YOUR TUNA'S FULL OF MERCURY BUT MY FISH'S FINE

DO AS I SAY BEES NOT WHAT I DO

THE FIB RETRACEMENT MAKES MY FACE TURN BLUE

I DON'T CARE ABOUT THAT GLOWIN GOO

I'M GOING SHORT JAPAN BEFORE YOU DO TOO

MY WAY OF LIFE IS HYPOCRICY

I CURSE THE SINNERS BUT TRADE FERVENTLY

I GO TO CHURCH SUNDAY MOST RELIGIOUSLY

AND PRAY FOR MORE REACTORS TO ELECTRIFY ME

TO THE BEES...

Funny watching the few obsessed photofans speculate about who I am and what I'm all about...quite the study!

To set the record straight...

I started this blog to offer truth to the Denninger lies

I may post frequently or not at all and really have no long term plans to develop a blog with a following

I post for fun on Yahoo under the username Pudshaft

I have no other IDs there.

DENNINGERS DELUSION OF MORE...

Fuck you and your 6 neon blue trading screens, 2 big screens, your servers, your electric coffee bean roaster, your Chevy Suburban and the boat it pull Fuck you!!

You red neck self absorbed self maximizing son of a bitch living in niceville spewing your non-stop drivel about the economics of more and blathering to the chumps that worship you about the virtues of ever more power generation to keep you bathed in perpetual electrons...fuck you!!

500 mountains do not exist so that 1 trillion tons of coal can be burned. A nation lies in ruins as nuclear isotopes rain down on hapless victims...but oh no you miserable myopic prick!! More power!! You need 12 screens if is suits your fancy and every human on earth needs his own monogramed personal coffee bean roaster!! Screw doing without!!! More power!! After all, your right to ruin the world superceeds my right to see trees and stars...fuck you a hundred gigiwatts worth!!

And shove your fucking know it all bullshit where you don't have a lightbulb shining!!

From 3/15/2011-3/3/2010 total output of a 252 square foot solar thermal
array used for heat and DHW (no heat dump) totaled 64,519,000 BTU's as
measured by a NIST calibrated BTU meter located at 1001 Energy Drive,
Taos, New Mexico.

64,519,000 BTU's =18,909,437.2 watts

The Fukushima Daiichi reactor #3 output is 760 MW (the one with a
confirmed breach of the containment structure in Japan)

Figuring the reactor runs 24 hours at 377 days the total output is;

6,876,480,000,000 watts

To produce the same amount of energy that the Fukushima Daiichi reactor
#3 produces with solar thermal systems of the same capacity as the one
at 1001 Energy Drive, approximately 363,653 systems would be needed.
To build a 760MW nuclear facility costs about $3.5 billion in raw costs
and does not include decommissioning costs. Decommissioning cost
estimate is the same as to build the plant and is based on everything
during the life cycle of the plant going according to plan.

Total cost of 760MW nuclear plant is $7Billion commissioning and
decommissioning.

It is estimated that Ukraine spends about 10% of GNP for the aftermath
of Chernobyl.

363,653 solar heat and hot water systems costs based on a cost of
$22,000 each (lower costs than present and lower cost probable at this
volume)


Total installed cost for equivalent energy from solar thermal systems is
approximately $8 Billion with no radiation danger.

Not a bad deal is it?

Fact sheet calculations from an visionary in alternative energy

DENNINGERS CAPITALIST LIES....

In his most recent ticker tripe, Denninger rallied to the defense of capitalism and conveniently lied and distorted the historical record much to the delight of the drone bees who gleefully lap up all his red neck spew.

While I do agree with him about the nature of failure in a capitalistic system and the historic fraud that has corrupted whatever redeeming qualities capitalism had, he is completely fraudulent himself in his portrait of American capitalism.

Far from being a land of opportunity, America has an unbroken history of exploitation leading to wealth in the hands of the few at the expense of the many. The very first act of our Pligrim forefathers was to steal the Wampanoags seed corn from a beach not far from where I live. For the next 400 years American capitalism staked its claim by systematically displacing millions of natives, stealing their land, ravaging the fur trade, slaughtering the buffalo, hydraulic mining hillsides, clear cutting forests, poisoning rivers and lakes, filling marshes, paving farmland and enslaving people of color to work their fields.

American capitalists built sweat shops, discriminated against women, had child labor, unsafe mines, mills and factories. American capitalists crashed markets, cornered markets, created monopolies, company stores, factory town ghettos and vast armies of imported labor to sweat and die building industrialist railroads and other self serving projects.

American capitalists created Manifest Destiny which gave a green light and the blessing of a delusional god to wage wars with Spain, Mexico,the Middle East, S E Asia, Central and South America and every indigenous tribe that resided here for 10,000 years.

Denninger is a fawkin fraud, a liar, a distorter of the truth.

He feeds his bee hive drones half truths and selective facts for the sole purpose of rationalizing his self serving agenda and red neck lifestyle.

The historical facts support the exploitive nature of his vaunted American capitalism and do nothing to champion some ideal that we as decent rational human beings should embrace.

STARVE THE TICKER!!