The U.S. Empire is Under Big Mac Attack

Next week marks twelve years since the launch of Bush's Full Retard "war on terra", brought to you by Faux News. The attack on Afghanistan of course came directly after 9/11 - an event itself which was a direct result of Bush Senior leaving boots on the ground in Saudia Arabia, after the first Gulf War. In the Idiocracy one bad decision always leads to the next worse decision. No surprise, twelve years and untold trillions later and by all accounts "terra" is still not dead. Worse yet, it looks as though the Taliban and Al Qaeda have lost all fear for soft and decadent Western nations locked in Mortal Kombat with their own knife and fork...

Peak Capital: Time Is Running Out on the Idiocracy

Today the U.N. released yet another climate report, this time indicating with 95% certainty that human beings are responsible for accelerating climate change. No shit. Thanks for sharing. Here I thought that injecting 80 million barrels of oil into the atmosphere every single day for decades was making the planet better - beach front property all around. Hopefully by the time we are all standing in 5 feet of water we can get to that all important 100% consensus.

Either way, the Idiocracy better grow up ASAP or face self-inflicted annihilation...

Exceptional Corruption

You know your best days are behind you when...

No Excuses This Time

I interrupt this blog post to announce that the end of the world has arrived (no, not because of Facebook going parabolic - well that too). "Dr. Doom" (Nouriel Roubini), after being bearish for four years straight, has now decided he is "optimistic on stocks". Apparently, money printing only becomes a good idea after it's been used for four years straight. Who knew?

Disposable Humanity

Sadly there is sick irony that the President's speech on the five year anniversary of the financial crisis was interrupted by a domestic terrorist act occurring in the background. 

The speech itself was mostly specious bullshit of course as he recounted how a "a lot of progress has been made" in the past five years. But then I almost shit a brick when he admitted that the recession had actually made economic conditions worse for the middle class. Surprisingly he never admitted spending $100k per household to only make things worse...

Exceptional Hubris

In addition to being a totally ephemeral economic model , the predominant feature of a ponzi scheme is that it is premised on a massive lie. Given the magnitude of the globalized ponzi economy, we are therefore living through the largest lie in human history without any meaningful comparison. Which begs the question, how did so many people buy in to such a profoundly immoral fabrication?

In A Real Economy: Supply is Demand

In a healthy and sustainable economy, supply equals demand. Therefore it's very ironic that Keynesian (Demand-Side) policies have failed for the very similar same reasons that Supply-Side policies have failed i.e. they both create a totally unsustainable imbalance between supply and demand...

A Totally Unsustainable Way of Life. Ending Badly.

As annoying as it may be, I feel obligated to constantly reiterate the fact that the consumption-oriented lifestyle, enjoyed by all developed nations, is an artifact of the past. It's in sudden death double overtime. The ongoing transfers of income that are now necessary to keep the profligate developed-nation ponzi borrowers on life support, are all coming from poor nations via recurring trade deficits. We will continue borrowing from the poor nations, until such time as they realize that they will never get their money back and/or the markets collapse, whichever comes first...

Minsky's Moment

I am watching the stock market tick ever higher while at the same time watching the cost of money aka. interest rates tick ever higher. Something is going to break.

The Minsky Moment arrives when the marginal borrower is no longer able to refinance their debts, setting up a chain reaction of higher interest rates and defaults across all marginal borrowers...

Pile Drive This Fucker Into the Ground

The stagnation in culture and intellectualism has now become overwhelmingly stifling for anyone who can fog a fucking mirror. From the infotainment news outlets featuring over-confident bullshit artists blathering incessantly, to the infantile entertainment media already massively debased, yet always reaching to that next lower rung on the common denominator scale - there is nothing worth reading, nothing worth seeing, nothing worth contemplating. Until such time as the current ponzi economic model with its overriding mandate to assimilate, gets obliterated, we can assume that we will continue to be buried alive by junk culture and junk information...And as long as the "news media" is overrun with bloated man-boys spewing self-serving cynical denialism to an ever-eager audience, then the vector for this shit show will be hard down  - straight into the ground, and then some...

The Worst Job Market In 35 Years

Ponzi Capitalism Continues Its Relentless War on the U.S. Economy
The August jobs report was just released. It shows an increase of 169,000 jobs versus the consensus estimate of 180,000. The unemployment rate dropped to 7.3% from 7.4%. The true unemployment rate aka. the labor participation rate is the worst in 35 years at 63.2% and has been going down relentlessly for 13 years straight.

S&P Futures up 8 points...

Unholy War: The Only Kind

Someone told me today that religious people live longer, have lower blood pressure, and are overall happier than the general population. I have no difficulty believing that, since those are the same benefits you get from meditation. The subtle difference then between religion and meditation is that meditation hasn't caused the death and suffering of hundreds of millions of people...

The CEO Country Club

Lenovo, now the largest PC company in the world, shows (again) why it's wiping the floor with American rivals...

There But For the Grace of God, Go I

We are being led into the abyss by history's largest parade of arrogant jackasses. They never stop to question their own assumptions because that would require them to examine their dubious role in the entire globalized pyramid scheme...