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all the old metrics were obsolete..."new paradigm" "new economy" etc...all extolling how the business cycle had been repealed and how boundless prosperity was to be had by all via a mouse click and a google ad.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 OIL PRICES
MID EAST IN TURMOIL
14 TRILLION DEBT BREACH
1.5 TRILLION YEARLY DEFICITS
DOUBLE DIGIT UNEMPLOYMENT
3 NUCLEAR REACTORS IN MELTDOWN
NATIONS IN DEFAULT
FRAUD ON MASSIVE SCALE
HOUSING HITTING NEW LOWS
MONEY PRINTING ON EPIC SCALE
RECORD FOOD PRICES
BANKRUPT SOCIAL PROGRAMS
100S OF FAILING MUNICIPALITIES
INVERTED YIELD CURVES IN PIIGS
FRAUD BANK ACCOUNTING
PLUNGING CONSUMER CONFIDENCE
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.