Well it's Friday my readers so you know it's time for the Crap -Up! Time to wallow in the mire and muck, and get you up to speed on the State of our Union...In a word FUBAR (fucked up beyond all repair)! Anyway, I have been watching with great interest the stock market situation and that is the main topic of discussion in this session...The bottom is about to fall out! I don't know if you are familiar with that loud mouth stock analyst Cramer, well anyway earlier in the week he went off on this big rant about the stock market and people defaulting on all of these home loans, talking about how the market is in so much trouble...He was actually foaming at the mouth after his tirade and I was like okay partner I believe you the stock market is about to crash and it's going to be like 1929 and blah blah blah...I happened to be up and I saw his ass today on the Today Show (the worst piece of crap journalism outfit since Faux) and this Cramer guy was on again and he is on some "whole 'notha shit" now...I guess he got the memo from the "GOP Spinmasters" and has done a complete 180...Now it's, "awww I know I sounded the alarm but I was wrong" and "these are just bumps in the road and the economy is solid" bullshit...Just like the Shrub said the other day when the Dow dropped 100+ points a couple of days ago...Well it gained that back the following day only to drop 300+ points the day after that! I continued to watch him (that Kramer asshole) and I stopped listening to what he was saying but started watching his body language and it was of a man completely defeated...He tried to muster up some of that loudmouthed analysis he does but it was just that made up! He had a hard time with the lies...NBC (Nothing But Caucasians) then had some silly stock analyst girl on after or before Cramer and it was so very obvious that her report was a bunch of crap from the door...She was supposed to be comparing the market indicators that led to the crash in '98 and to try to trivialize the real impact of what she was saying she started with jokes trying to compare what ever drivel she was saying with Matt Lauer's hair...WTF?!
So that you guy's realize the importance I will really break down the stock market situation...Actually it is just like that Cramer guy said it was going to be last week...More people than ever before are losing homes as banks jack the mortgage rates up on "soft" loans and variable rate home loans...You know the ones I am talking about that a lot of you folks reading might have taken advantage of also...Where you can get a 400k home for$100 a month or something insane like that...Well that "credit bubble" is about to bust in a big major way and it is not going to be pretty it is going to make '98 look like a day at the park...More like the '87 recession...No more like the Great Depression...But I am an alarmist or am I?!
There are four major indicators that they have compared to this market and the market crash in '98...One is the fact that the stock market is at record highs volume wise...The second is the gas was high and rising...Thirdly, stocks are worthless as many junk bonds have flooded the market and the fourth is the dollar is worthless! Now the Togay show's little stock analysis person had all these indicators in a chart and it was four for four and at the bottom she had the results from all of those indicators, in the 98 column all those indicators resulted in a crash and on the now column she had ???? as if to say she can't see that the conditions are prime for the bottom falling out! She was actually saying that since this is a global market bullshit that the virtually nonexistent dollar is not a problem...Ummmmm, miss noise lady you might want to think that through again...The problem with her little rosey scenario is the Big Red Chinese Machine that is funding the Occupation Of Iraqnam! If the US makes any moves to fix the dollar and deflate the yuan (Chinas equivalent to the dollar) they are going to start calling in their massive loans...From The AllSpinZone:
Economic Concerns Grow: China Threatens Dollar
Unfortunately, the free trade approach has led to speculation that corporate influence convinced the Bush administration to disregard the plight of U.S. laborers. Clearly, the shifting global economy will continue to present difficult choices for the United States. Of more concern is the prospect that current U.S. policies have already allowed China to achieve a favorable position which may leave us with limited options and even less ability to force corrective measures and actions.
In a growing sign that the U.S. economy is vulnerable, China has hinted that it could liquidate its huge holding of U.S issued bonds if the United States enacts sanctions intended to impact the strength of the Chinese currency…the yuan.
In recent years, China has reportedly amassed over $900 billion of U.S. bonds…a sum large enough to impact the U.S. economy if they suddenly elected to sell large portions of their holdings. MORE!
We are talking about 900 BILLION dollars! That would completely wipe this country out! Not just impact our economy like those idiots are saying to lull you to sleep...
I found some video of that idiot Kramer at msnbc (most sucky noise broadcrapping corporate fascist scumbags of Amerikkka Company) or something like that...
Aug. 10: CNBC's Jim Cramer talks with TODAY's Matt Lauer about the stocks tumble, saying comparisons with 1987 are mistaken. Black Monday!
I like the part where he admits he sounded the alarm then says, "Now that I am saying this it must mean something"! Yeah it does Cramer and that is you are full of shit and got orders from you corporate masters to STFU and report what we tell you to! He made references to people leaving homes in numbers not seen since the 1930's...When the Great Depression happened and America didn't get back on it's feet until the 1950's and FDR and the New Deal! Which if you have been paying any attention has been all but destroyed by the BCS (Bush Crime Syndicate Scumbags)...Now the traditional fix is for the Fed to inject huge sums of money in the banking system...Which in turns just increases the debt...The Fed is not giving money away but is in fact loaning the money to banks already burdened by the high interest rates to be added to by the influx of cash...Since people are afraid of losing money through defaults they are less apt to loan and the money sits in the bank not making money...Then bank a can't pay bank b who owes bank c who has to pay back the Fed...Which is neither federal nor beneficial to helping to fix the problems...They are the cause of this kind of economic manipulation...It was Fed manipulation back in the 20's and 80's and it is the same thing now...Remember the Federal Reserve is a PRIVATE corporation that has no congressional oversight that prints money for the government and loans it the the government at prime that THEY set! The Federal reserve is illegal and immoral and needs to be abolished, but that will never happen because those same bankers that own the Fed rule the world but that is conspiracy theory 101...Here is some more Cramer footage from Crooks & Liars with Cramer on The Colbert Report...
CNBC’s high-energy economic analyst Jim Cramer sits down with Stephen to discuss the collapsing housing market and what it means for millions of Americans who were lured by low teaser rates a few years back when the market was hot, and are now at risk of losing their homes due to skyrocketing interest rates.
For video of Cramer’s latest on-air meltdown, see here. This guy sure does add some excitement to the usually boring market analysis.
Make sure you watch the clip of him losing it like I mentioned above! It's classic! Then on the Today show he switches up and starts telling us how good the market is and it just "bumps"...Yeah Cramer on your head!
This was hilarious in my opinion until I thought about all the bobble heads that might think it's true and you really got to be on something to think that WE as Mr and Mrs working America are gaining anything from the BCS economic policies...If you are not in the top 5% and I am talking about upper management with profit sharing and high end corporate revenue stocks and hedge fund holders who are probably making obscene profits from the defense industry! YOU are suffering and are going to suffer when the housing market bubble finally bursts and the debt ceiling collapses...Remember everyone, DON'T LISTEN TO THEM! Follow the trends it's all there and it's not pretty at all...Not too mention it is WORLD WIDE! From Crooks:
Great…just in time for my trip to Europe…
GuardianUK: (h/t Gregory)
Central banks on both sides of the Atlantic pumped billions into the financial system to calm nerves over an impending credit crunch today - but their actions only served to heighten alarm, prompting a fresh plunge in global share prices.
The European Central Bank injected an emergency €95bn (£64.5bn) into the markets in its first intervention since the turmoil triggered by the 9/11 terrorist attacks on New York and Washington DC in 2001.In America, the Federal Reserve added $24bn (£12bn) in temporary reserves to the US banking system to shore up liquidity and bring down short-term interest rates, while the Bank of Canada mounted a similar operation.
The moves, however, seemed to fuel a sense of crisis over defaults in America’s mortgage lending industry which are causing a ripple effect through the banking industry as much of the debt is bundled up and sold on.
On Wall Street, blue chip shares suffered their worst day for four months as the Dow Jones Industrial Average plummeted by 387 points to 13,270. Stock prices swung wildly and trading volumes hit an all-time record with 2.8bn shares changing hands. Of the Dow’s 30 component stocks, 29 ended the day lower.
So all that global economy bullshit that the noise propagandist's are spewing including that Cramer fool, is not registering with the rest of the world...They are watching the indicators and not listening to the bullshit of the BCS! Neither should you...However, you should know most of this stuff already! You have empty savings accounts and checking accounts that barely keep the minimum balance. I know I am not the only one that has to make a choice between eating and paying the electric bills or or the internet bill or cable to enjoy our little solitude we have left plugged into the Matrix...I know I am not the one to have to take any service job I can find to make ends meet...I know I am not the only one in fact, that is just about everyone that has to go bust there ass everyday taking orders from someone else...Unless you are the sole owner of a business you are taking orders from someone else like all the Major Corporations are beholden to the stock holders...For six years the Shrub has cooked the books and tried every Voodoo economic spell he could think of, or rather the rest of the cabal could think because we know he not real good at thinking, to prop up the ailing, broken, about to collapse smoke & mirrors economy...
Okay moving on, what other events caught my attention in Bizarro World...Hmmmmmm, maybe the impending Armageddon in Pakistan when the Radicals get control of the bombs if Musharraf doesn't get his shit together and for real Musharraf is going to go with the radicals in his country over the US to save his own ass and then it's Sub Sahara Nuclear Nightmare time, with Pakistan and India locked in a death match of stupidity...However, there were other pressing issues such as the flip-flop of Ford...Not the car company but the little confused newly elected DLC president Harold Ford...Seem Harold has forgotten he is a democrat although he was rethug lite to begin with in the partisanly stupid state of Tennessee the one that made a mockery of the 2000 election by rigging the vote to show that Gore lost his home state...PUHLEASE!
DLC Chairman Harold Ford makes an appearance on FOXNews’ Hannity & Colmes to prove that he is the cutting edge…of Republican politics.
Sean Hannity points out that the Democratic presidential contenders attended YearlyKos but not the DLC convention, which obviously means they’d rather pander to us DFHs. Ford kindly gives us a little advice:
I would have gone to Daily Kos and told them, I think they’re wrong the way you go about practicing your politics. If you’re serious about winning the war and bringing the country together, get another message and another set of tactics…
Uh, no. See, Harold, there’s a reason no one showed up to your convention and worship of the centrism altar: it doesn’t work. WE get candidates elected, Harold. Not you. Look it up.
I used to like lil Harold when he and Frist was playing the dozens back around election time...You remember the ads with the white girl talking about how much Harold loves the ladies and all the racial overtones, but now Harold done lost his damn mind and is pandering to the middle...The problem with guys like Ford is he is only looking out for Harold Ford and his job and whatever "soft" power he thinks he has as DLC chairman...This is why there is no middle ground in this country because everyone in the DLC is pandering to the 26%'ers! But lets move on...This next piece has got to be one of the saddest displays of a grown man towards another grown man since that lawyer "trick shot dick" shot in the face apologized to him on national TV for I guess making him shoot him in the face! After the Shrubs news conference yesterday where he played off questions about the Tillman case, Tweety did his best suck up, performance in literally months...The part that made me gag is when Tweety actually had the nerve to say this...“I thought in listening to the president, I was listening to one of the great neo-conservative minds,” gushed Matthews...Great Neo-Conservative Minds? That is a complete oxymoron and misnomer...Neo-Clown minds is more like it! The neo-clowns work off the "Noble Lie" of Strauss and that is the only thing great about herr Shrubs mind...He has got that "Lying Thing" down pat! Think Progress has the video, I couldn't watch the whole three minutes I almost gagged twice, maybe you can get through it:
In A Three Minute Monologue, Matthews Gushes Over Bush’s ‘Great Neo-Conservative Mind’
Immediately following President Bush’s press conference today, MSNBC’s Chris Matthews spent three unbroken minutes fawning over the president’s “powerful rendition” of his “philosophy” without uttering a single critical word. “I thought in listening to the president, I was listening to one of the great neoconservative minds,” gushed Matthews.
Calling Bush “powerful” on three separate occasions, Matthews marveled at the president’s defense of his foreign policy:
We were given a rare opportunity to hear the real philosophy of this administration with regard to the war in Iraq. A powerful rendition by the president of why we’re there. When he talked about the fact that we can support emerging democracies in the Middle East, and that’s the only way we can prevent future 9/11’s, you’re getting to the heart of why this administration is fighting that war in Iraq.
“This president is ready to fight like a rock through the rest of his term,” Matthews proclaimed. “He made it clear that he’s going to fight as long as it takes to develop a democracy in Iraq. There’s not going to be any change come September.” Watch it:
Bush’s comments today, which contained at least one untrue assertion, were nothing more than a rehashing of his tired old rhetoric. Yet somehow, Matthews, who is labeled a liberal by partisan conservatives, only saw it through rose-colored glasses.
Matthews’ monologue is unsurprising, however, given his long record of hero worship for Bush and his supposedly “powerful” presidency:
– “We’re proud of our president. Americans love having a guy as president, a guy who has a little swagger, who’s physical.” [5/1/03]
– “Sometimes it glimmers with this man, our president, that kind of sunny nobility.” [10/25/05]
– “I like him. Everybody sort of likes the president, except for the real whack-jobs, maybe on the left.” [11/28/05]
– “A little bit of Lincoln there, I think,” referring to Bush finally admitting that telling Iraqi insurgents to “bring it on” in 2003 “sent the wrong signal to people.” [5/25/06]
Totally disgusting...You see the look on Shrubs face as if to say, "how dare you keep bringing that shit up"! You would think Matthews was talking about a girlfriend or something...I guess that fits with his whole "aqua-velva man scenario he attributed to that actor and idiot Thompson...I feel dirty now after talking about that...YUCK! BRB I need a quick shower!
Okay who is next? Oh yeah The Most Evilest One is warmongering again going as far as suggesting air strikes on Iran...From ThinkProgress:
Cheney advocating confrontation with Iran.
Oh boy 4 More Wars! Death and destruction...Go GOP GO! Ratchet up the tension! Strike up the Fear! i am so sick of hearing this tune?!? I know you are too...Make sure you get to the March next month and let the BCS know too! The BCS has got to be stopped before we all end up in a thermonuclear Mid East Nightmare! But wait there is more insanity in the GOP...From Crooks & Liars:
Yes folks—as 9/11 approaches, expect more and more of these odious op-eds to be written.
Funny how he fails to point out that America was unified until we were lied to repeatedly by this administration which used charlatans as witnesses. And all the war hawks in our media propped up as much terror as they could articulate so that the country feared a nuclear attack by Saddam more than life itself and we just had no choice but to invade a country that never attacked us. The right wing blogs try to perpetuate this fear every chance they get and like Malkin, they get upset when a bridge collapses in Minesota and the government quickly rules out terrorism….And so it goes…
America’s fabric is pulling apart like a cheap sweater.
What would sew us back together?
Another 9/11 attack.
The Golden Gate Bridge. Mount Rushmore. Chicago’s Wrigley Field. The Philadelphia subway system. The U.S. is a target-rich environment for al Qaeda.
Is there any doubt they are planning to hit us again?
If it is to be, then let it be. It will take another attack on the homeland to quell the chattering of chipmunks and to restore America’s righteous rage and singular purpose to prevail. MORE!
This is the dumbest shit I ever heard and this is the norm for the 26%'ers! Insanity! It will only get worse as we get closer to 911...I hope this time we can get them to re-open that investigation on this anniversary of that False Flag incident! Think Reich Stag Fire in Germany! Shock and Awe baaaybee!
I got one more for ya and we can file this under the Racist Repressed Homosexual-Hypocritical Rethugliclan Losers file...I don't know if you remember hearing about the rethug who got busted by an undercover cop for offering him $20 for him to do a Monica on him in a public bathroom? Noooo? Okay let me tell ya about it...Well there is this scumbag who is Saint McCains campaign chair in Florida and a Florida lawmaker, who had just wrote a law banning the same nasty shit he was attempting to do to the undercover cop...HOW IRONIC?! Anyway Crooks has the video of Jon Stewart and crew ripping him up about his lame ass excuse for doing what he did...didn't hear that either? His excuse was from Crooks & Liars:
“This was a pretty stocky black guy, and there was nothing but other black guys around in the park,” said Allen, according to this article in the Orlando Sentinel. Allen went on to say he was afraid of becoming a “statistic.”
OK, let me get this straight. Allen was in a public park, late at night. For some reason, he’s afraid of black people. As a result of this irrational fear, he wanders into a bathroom, where he offers another man $20 to perform oral sex.
In other words, Allen thought he might be attacked by some “stocky” black men, and this is his first instinct? Josh added, “I guess this raises the question of whether if you thought you were about to get mugged by a group of stocky black guys, your first plan of escape would be to try to give one of them a blowjob.”
I bullshit you not!
Our buddy Scarce caught this CNN coverage of Florida Rep. Bob Allen’s arrest…
Unbelievable!! There are more of them out there and THEY ARE IN POWER! Amerikkka ya better wake up...But here is that Stewart clip...
First Mark Foley, then Ted Haggard, now Florida lawmaker (and St. McCain state campaign manager) Bob Allen has been snagged in a gay prostitution scandal. What’s more, just like Foley, Allen authored legislation that would ban the very same lewd and lascivious public acts in which he was caught red-handed. I think it’s time to call it quits, Johnny. After learning that Allen blamed a fear of dark people for his $20 offer, Jon Oliver comes up with some better (and more clever) excuses.
Well I guess I could go on for hours more but even my brain needs time to digest the Crap I just wrote and my brain is starting to smoke...So as usual let me know what I missed, got wrong or you need clarification on...Have a great weekend in spite of them...You still have some freedom within the Matrix...Enjoy it while it lasts!
Ohhhh and all football fans go ahead and sign up for My yahoo pro football pick'em pool...Here is the information you need:
Dusty's Pro Pick 'Em
The Group Id is: (ID# 19980)
The Password is: wordpass
Okay that's it for me for real! I think there is a pre-season game on tonight...Check your local listings...lol!
When The Bottom Falls Out!
The New Defenders Of The Dollar!
Black Friday's Coming Again!
To An economy Near You!