Oil has just gone over 75.00 barrel gold is at a record high of approx. 1079.00 an ounce and now I read that Wall Street is hoping for the dollar to collapse because of the way they buy and leverage Commodities!

The dollars value keeps sinking and the government thinks this is a good thing as more countries will buy or goods because they’ll be cheaper which in turn should put people back to work as factory orders go up the companies will have to hire more employees to fill those orders. Of course wages for those new workers will go down because with the dollar being worth less the profit margins will be less, what we get paid won’t go anywhere as far as it used to because just getting to work will cost us more. The dollar has to be worth less as we just seem too keep printing more and more, oh wait Fed chairman  Bernanke said we won’t keep printing money for ever, I’m bad sorry.

It soon will be just like the German Depression and we’ll all have to fill the trunks of our cars with cash just to buy gas to get to work with, in their old depression people would fill wheel barrels with money to buy soup and bread.

I wonder where the line starts? If people aren’t working as I’ve said many, many times there will be no economic recovery, unemployed people do not buy big ticket items like homes and cars, appliances, or do much remodeling to existing homes.

Supposedly the banks are now all making big killer profits from the money that the government loaned them to stay afloat and help loan money to businesses but I’ve seen little evidence that they are loaning anything, because they are sitting on the money and collecting interest! They might need that money as more home loans are defaulted on and trust me there will be a lot more, before this is all over.

Here is the next thing I see coming as the 8,000.00 tax credit for new home buyers expires at the end of November, I believe sometime early next year as it becomes clear that people can’t afford to buy homes that the government will give new home buyers the required down payments instead of a tax credit, you will of course have to pay it back at probably about 3% over a 10 to 15 year period, because right now no one has the down payment. I think that there is still no recovery and if you believe there is let’s look at it this way, we are being told there are 15 million people with out jobs, yet in the same breath they are claiming that unemployment nationally is right at 10%. I say this is bull shit there are a little over 300 million people in our great country, just simple math tells me it’s more like 30 million people out of work!!! Every one of us knows people that are out of work and I’m betting it’s more then just one out of every 10 people you know, that’s either people you know or neighbors etc.

So who doe’s this leave to start buying things to turn our economy around?                               

Ever since they started telling us back in the Vietnam War days partial truths they’ve used it against us to make things not so bleak and dreary. Back then we would hear that American forces killed 270 Viet Cong while we only suffered losses of 3, even then I used to think if that’s the case the war will be over soon because the North won’t have any people left to fight with!

There is no easy fix to the shit storm that George Bush left us with, but I know we can’t keep printing more money like nothing is happening and not have dire consequences to go with it.

When I was reading on the internet that the 2010 model Cadillac CTS was being revamped, as I have since its inception thought that as smaller luxury cars go it was extremely cute. I knew that they were going to redesign it but seeing as it was one of GM’s better selling cars, my thought had been so you’re going to mess with a good thing when you seemingly can’t sell much in the way of cars. But having grown up around the big three auto makers my whole life I also thought yeah this is not a surprise.

Always wondering where the conspiracy is once I read the article things started to bother me even more. In a time when gas mileage has gotten to be a very, very prevalent thing there going to be producing some with a 550 horse power rating, and the they’ve also changed the interior so that the back seat has considerable more leg room as the seat will sit farther back then the current model. This is where I started wondering as too the why’s. It seems that the bigger faster motor and the new backseat arrangement are being done for a specific reason. GM did this revamp for the Chinese car buyer, more to the point for the newly rich Chinese that now find themselves very well off indeed, it seems that they like being chauffeur driven and the new back seat arrangement allows them to feel more like they’re in a luxury car and the added horsepower gives it more status among upwardly mobile young buyers.

This isn’t the part that bothered me, the part that bothers me is the fact that the revamping was being done while we the people gave General Motors a loan of approximately 50 billion dollars to stay in business!

My question is this did the ....U.S..... government get any pressure from the Chinese to keep General Motors afloat? They are after all our largest trading partner they have continued to buy ....U.S..... treasury bands while pretty much no one else wanted them lately to me it just kind of smelled like a rat!!! A very large one at that. I was all for saving our big three auto makers, don’t get me wrong there as they employ a vast amount of workers, but we used to call this collusion if I’m indeed right. Oh well just a thought I had yesterday and decided I’d share it this morning.

On a different note congratulations to President Obama on winning his noble prize this morning, lot’s of Americans don’t like him but it seems everywhere else in the world does.

Ok forget this crap lets say I’m Saudi Arabia and because the world floats on the American dollar, but the last few years I as a government or better yet the House of Saudi I have lost countless billions or even trillions of dollars because of the United States, and I wanted to change the way the world does business I might start a rumor that I was looking to change the way currency works around the world, next I would say to the world that’s a very, very foolish rumor someone has set out there, and I would then deny the rumor as having no merit what so ever. I already know that both the Russians and the Chinese would like it if the world economies were based on their currencies but I also know that neither of them singularly have the clout to pull that off, but if I wanted them to know that I too was now somewhat worried about my U.S. dollars being based on an economy that lately has been printing money as fast as they can make it, and I know that at this point all my American dollars aren’t worth anywhere near the paper it’s printed on well, I might want out of that deal.

If I started that rumor and then flatly refused to admit I started it, now I would have all the other countries of the world coming to my House to talk and put forth proposals and I can remain totally innocent of all allegations while I hear from everyone who wants to sit at my table. Yes I know that this might cause me a very great loss of my fortune as I have so much invested in America but my investments are pretty much worthless at this point anyway, all of my real estate holdings continue to devalue, as does all the useless paper so really at this point how much do I stand to lose?

I see that you have not reigned in Wall Street who stole billions of my dollars, and you still allow them to fuck me over even more, and I and the rest of the world know that this global economic collapse was caused by YOU tell me again why should I continue to back you’re piece of shit country?  

I just looked and at 7:30 this morning it was at 49,999, It may sound kind of funny but I remember when it hit 2,000 views for some reason I found it very odd indeed that anyone out there could or would be interested in what I might have to say, or what I might be doing. Over the past few years I have written many varied and assorted stories, articles etc. and the only thing I can say with great certainty is that my stories with anything sexual in them seem to generate the most views by far. I can write a story like that and maybe have 1,000 views in as little as half a day, and years ago it wasn’t always about what I wanted to write or felt like writing as much as it was to get views, in the last year or so I write less as the state of our economy seems to piss me off a little, but what I’ve learned from it all is that I will write about what I want and not give a shit about the blog count, yes I still like the fact that people read them, but now it’s more about what I’d like to have them read.

So this morning the government released it last jobs report and of course to me it was no surprise as the monthly number climbed to 562,000 people last their job last week, yes indeed things are getting better, the market did what it should do upon receiving this news and dropped about 72 points in the first 20 minutes or so, but as I’ve said many, many times what should concern Wall Street and what does are 2 different things as of  approx. 8:00 this morning it’s now down only 34, this news’s to the street should have sent the Street into a spin, but as I keep telling you, it never seems to really matter as they march to a different beat, the street had expected a decline in jobs of somewhere around 471,000 not 562,000, almost 100,000 more but we can just shrug that off along with anything else we don’t like.

She’d gone and cut her hair very short a few weeks ago, at first he didn’t like it at all, but he would have to admit as they were leaving all he could think about was getting her sweet ass home and between the sheets, yes the dirty possibilities had sprung forth from his mind the last few moments she was sitting in the chair at the salon, the thought of being pissed off at her for cutting so much off would some what hide the excited feeling’s he was having with all the new idea’s that came leaping from his mind. AS she got too the front desk, he paid and she asked, what do you think of it? He said rather curtly not much, maybe it will grow on me, and the stylist said I’m sorry you don’t like it he grumbled something and walked out, even though he paid for it and gave the woman a very healthy tip, hoping not to give away his excitement. Yes he was indeed an asshole, god sometimes he loved the way you had to play the game.

As they were getting in the car she said, so you don’t like it? His somewhat slow response was maybe I just have to get used to it, we’ll see, he knew he was lying if he could get away with it he’d have ripped her clothes off right here in the Starbucks parking lot and world be damned as he wanted her legs wrapped around him right now in the worst way, he didn’t care who saw them, he do it with the windows open and tell people going in the store see what a triple snicker mocha will do for you!

Instead she said we have to go to the store so I can get hair color remover and try and get the last of the red out of my hair and go blonde. Once again he feigned shock, but inside his cock now seemed to almost leap out of his shorts all on it’s own, drive slowly to the store he thought as his hard-on was bulging beyond belief, at first he thought maybe she’s just toying with me, but no she had continued talking about what it would take too try and get the red out. He now knew it would be awhile before he got to take her as he wanted to she had more plans, damned hair color, damned her, he just wanted her now. Two or three times as they were walking through the store he was glad he was the one pushing the cart, trying too hide the thing in his pants from customers, of course he didn’t really care as often women would look a little startled, but his mind was going a thousand miles per hour about all the things he was going to do with her in just this day alone forget about next week tomorrow…

Who knows maybe I’ll have to write more about this?

So a year ago the bottom had just fallen out of the market, AIG was fixed to crash and burn, and unless you missed it is still burning, Merrill Lynch was getting ready to file for Bankruptcy, unemployment was starting to hit record numbers, George Bush was still in office and finally agreeing that a few things might be wrong with the economy, You couldn’t buy a house because you couldn’t find a loan anywhere!

So today when I read that home sales are up 5%from this time last year I have to laugh and think Yes the economy is really kicking ass. When the stock market goes up 100 points based on there being fewer layoffs this week then last year, I’m … well almost thrilled, when they say that nation wide unemployment is at less then 10% and the market goes up another few hundred points again I’m almost happy, but as usual Wall Street is comparing how things were this week versus a week ago last year, it tells me we are still very deep in the shitter as things at this time last year couldn’t have gotten much worse!!! So really what the analysts have been doing lately is just putting the same old shine, on an unpolished turd! Then hoping that we all will continue to buy their bullshit and bullshit it is. We all know now that home prices were so over inflated I had been saying for years if it continued my kids would never get to own a home, well now they can but they either cant find a job or don’t make enough money to even think about getting a loan!

The home loans that people are getting generally are for short sale homes, and even they are risky at this time because home prices in most areas of the country are still going down. But hey we are selling more homes now then a year ago so that’s got to bee good news for Wall Street. We pump in about 3 trillion dollars to help prop up the economy, well ok, we gave it to the car companies and a bunch of banks and insurance companies, but where is the stimulus that they were talking about just a few months back? About 90% of the U.S. Economy runs on the small businesses but they can’t get loans because most states that have received their shares of the stimulus money need it for themselves. As far as borrowing money from a bank goes it the same old thing, yes we have money but you can’t have any because you need some and that tells us you are not worthy of having it.

Last fall after a summer of paying 4.29 a gallon for gas we as consumers got a break for about 3-4 months we found ourselves paying about 2.00 a gallon, it was short lived but for a few months it felt good, it was as I recall about the only good thing that happened. However it didn’t last long as once again Wall Street speculators weren’t profiting from the low price so they decided to drive it back up, there has been no shortage of gas except that’s what they’d like you too think, so for about 4 straight months here in the Reno area it has stayed at 2.80 a gallon, yet I read that nationally it’s around 2.50. I do remember OPEC last year saying they would be happy if they could get 75.00 a barrel, so why don’t we have Wall Street leverage it for us.

If you’ve noticed like I do everything now indicator wise goes back to this time last year, well this time last year everything sucked big time but if we are to follow the stock market we are all way better off now then we were.

I’ve got some smoke and some mirrors, want to see me pull a rabbit out of my hat? Opps I don’t have a hat a had to eat that after the unemployment ran out, it’s not bad with gravy though.

after the opening bell!!! This is Let’s go ape shit and have the stock market go up 125 points in under an hour and a half one of the apparent problems going on in the financial world at the moment, it takes damn little to make the market rise, because they’ve gotten used to shitty news fueling the increases so when any kind of news comes along, even if it isn’t all that relevant the stock market has major days and even major weeks, as has been witnessed on and off again for the last few months. Do I think the market is due for some great re- adjusting oh hell yes. The market was way over valued before all the economic crap started and continues to inch its way back up the ladder with out any real force driving it. Unemployment layoffs were down to half a million the week before hurray the recession is over and let’s have the market rise 300 points for the week. We used 2 million extra barrels of oil lets get oil up to 75.00 per barrel where we can speculate and make even more money off of shear nonsense. Hey new housing starts were only down by 3% last month housing appears to be making a miraculous recovery, lets have the market go up another week because this is really good news. We only had 50,000 people less last collecting unemployment benefits that must mean they’ve gone back to work, lets raise the market 80 points a day for 2 more days. Man we are doing swell aren’t we?

The government started talking about putting a new system of checks and balances on Wall Street, but so far nothing doe’s no one out in the real world ever stop long enough to wonder how long this shell game can continue screwing real people out of their money, certainly no one seems to care anyway!.

There used to be an upper class a middle class and the lower class, soon it will be the haves and the haves not. The republican way of determining who shall have is if you are one of them, over the last ten years there has been an enormous slide of the haves and have nots.

If people are not working they are not applying for loans to buy houses or car or anything else for that matter. No work no buying power, no buying power no economic recovery, it is the little people the power the buying and at the moment none of us can afford to buy. I used to be happy when the market went up it meant that we as a country were doing the prosperity thing really good. Not any more the market at this moment has no bearing on what is going on with the nation as a whole.

Be very, very careful as to where you are putting any money that you have key holed away at this time, it isn’t safe!!!

The Stock market keeps going up for no apparent reason, people start to want to believe that things economy wise are getting better, anymore all I see is us once again being lied too! Unemployment numbers have been going down now for a few months, but not by much, wait maybe it’s because once you’ve exhausted your unemployment benefits you are no longer counted amongst the unemployed. Some how Wall Street and the government cease to acknowledge that you even still exist, even though you know that life is even tougher now then it was!

They have been telling us for months that home sales have been on the rise yet this morning home sales for last month fell almost 3%, it doesn’t sound like much but when they see a 1/10 of a recent as a rise and reason for the stock market to go ape shit for a few weeks at a time you have to understand that things are far from getting better. The stock market has been steadily going up for months but with little or no numbers to back it up, I say smoke and mirrors it’s the same type of sham they played on us as little as a year ago, and of course we are to believe them.

Here’s what I know, and how I tend to look at things, are the people I know doing better now then they were lets say as little as 6 months ago? No!!! The unemployment rate has only gone down because lots of those people no longer qualify to receive it. Home prices around here and most parts of the country are still declining, which as I see it is a good thing because there was little or no way that 2 years ago anyone could afford to buy, or pay for a home. A simple fact of nature is that until people have jobs, good jobs they will not be able to buy homes they say that as many as 13 million people may be out of work, but that doesn’t include people that are now working at a job part time or have simple fallen off the grid and there are lots of them. We had one of our favorite realtors tell us awhile back not to worry too much as she believed home prices would stay low for a very long time because of the glut of repossessed and short sale homes on the market would last for years, I have said all along I don’t expect home values to start going up until 2013 at least, until what’s coming next year and the year after are off the market, which means people will have to have good jobs so that they qualify to buy a home.

I mentioned in one of my blogs about 6 -8 months ago that if the government wanted to throw good money away maybe the 8,000.00 tax credit to help some people afford to buy a house should have been an out and out down payment loan, through Freddie or Fannie people that qualified would be making payments directly to the government and not to some un-listening bank. We might not have such a glut of home with no one in them. Home ownership was always a point of pride there seems to be no pride in that respect any more as you now have people telling you that they paid less for their house then they really did, just to not look so dumb!

The governments cash for clunkers program was a big success but now what? I heard they now have a program that’s somewhat similar but for appliances, only people that still own their homes might be doing that, and they have to be energy efficient.

People are still short to forget that President Obama is not the cause of all of our problems, he simple inherited them from the Bush Whitehouse….

More tomorrow!!

                       AAH they say this is some of the bizarre Craigslist

I didn’t write any of this but maybe wish I had, but for some reason thought this morning maybe I should share. Joe