Recession or Correction

I have a headache from listening to the pseudo experts on squawk box polluting the airwaves with their version of whats wrong with the economy and even worst their version of how to fix it.

Here is whats wrong with the economy, nothing. The economy was hyper inflated by years of mismanagement by Greenspan who thought that the way to eternal growth was low interest rates. The fly in the ointment was/is that eternal growth is another way of saying eternal inflation.

Eternal inflation would be OK if all sections of the “economy” eternally inflated in parallel fashion but thanks to incompetent fools like the puppeteers who where pulling Mr Bushes strings the eternal inflation like a bad tide failed to rise all ships.

If there is something wrong with the present US economy it is that a large percentage of the people who make up the US economy can’t afford to live in the economy of which they are part.

The economy (I am not talking about Wall Street) realizing this is correction to accommodate all parts of itself.

Wall Street is not interested in the ideals of correction, they are only interested in getting the casino reopened.

And as for Obama, it is my humble opinion that he is one of the worst presidents ever to grace the oval office. He could have been great, he had good intentions, he had majorities everywhere, he had the good will of the world, but it appears he lacked large ones in a big way. Now we must live with the incompetence of a president who tried to be conciliatory in the face of a perfect storm.

But this aside someone should tell Squawk Box that Obama is only the problem in that he is willing to listen to their nonsense instead of going with his own instincts. He did not create the out of balance economy rather he inherited it from their boy, who incidentally took a full eight years to turn the largest budget surplus in the history of budget surpluses into the mess Obama is making such a mess of cleaning up.

The economy isn’t broken, it doesn’t need to be fixed, it needs to be left alone to go where it wants, and where it wants to go is to a place where its totality is interacting in a balanced fashion.

It is nice to make some money but as the great sage once said the only good business is win win business. Wall Street has no interest in win win, with them it’s winner take all. Someone needs to let them in on the secret that the immense distortion between winners and losers is threatening to capsize the ship.

Recessions, depressions and corrections are merely symptoms of an out of balance economy. I am not saying that the rich shouldn’t be rich, nor am I saying that the poor shouldn’t be poor. I am merely making the point that the economy consists of all its parts and if it only rains on certain trees the forest dies.

Jobs the Economy and Taxes

I don’t know if you have noticed this or not but this economy couldn’t be better if you just happen to have access to cash. Every where you look something is on sale, construction workers are starving and willing to work for next to nothing just to keep their heads above water and if you need a house or two just call your local reo realtor and arrange to make a killing off someone else’s misery. Bad economy, really, are you kidding me.

Jobs the Economy and Taxes-Jobs

The jobs numbers are dire, well this really is true if your source of income happen to be one of the statistics that fall into the dire category. If on the other hand you are doing good then the “dire” jobs numbers are actually an asset to you.

You have the cash, you can buy and spend where you want, and the cash strapped are lining up waiting to serve and discounts are deep.

Jobs the Economy and Taxes-The Economy

From the perspective of capital there is nothing like a good recession to put the proletariat firmly in their place which is lodged firmly at the bottom of the financial pyramid.

A few more months/years of this and the minimum wage will seem like something to aspire to.

Here we are bemoaning the state of the economy, do you actually believe that the same weeping and gnashing of teeth is going on in the corporate boardrooms. I can hear Walmart’s CEO right now and believe me he couldn’t be happier with the economy and the jobless numbers.

After all the more unemployment there is, the larger the job-pool willing to work for peanuts. Time was when you paid peanuts you got monkeys, now you get a grateful bachelor of something or other from some unknown state university out west.

The American dream is being slaughtered and butchered right in front of out eyes and we are too afraid of our masters to do anything but nod in fake compliance.

Jobs the Economy and Taxes-Taxes

This whole debate on taxes really amuses me. Do you actually believe that the wealthy care what the tax rate is or how it applies to them. Your fearless elected official might really want you to believe that there will be tax parity but like every other word out of his/her mouth it is spiel uttered to deceive.

Remember the old adage;  it’s not what I say, it’s what I do.

Here’s the deal only stupid rich people pay taxes, in fact every rich person with half a brain pays their accountant more than they pay the IRS.

All this rhetoric re taxes is to make the non rich feel happy to get fleeced weekly/monthly by the IRS who promptly send your taxes to the fed to pay for the interest on the governments borrowings.

Oh!! and by the way just in case you didn’t know, the fed is a privately held body owned by the worlds riches people. Yes you guessed it you are working your backside off to pay taxes/tithe the super rich.

What a great world, what a great economy— if you happen to be rich.

God Bless the Recession is the war cry of the rich.

Free Enterprise System

Someone needs to tell the free enterprise system that there is no such thing as a free enterprise system.

OK so here are a few free enterprise home truths:

Free = free = no regulation for any party involved in the enterprise that is being referred to a free.

Enterprise = undertaking/plan/business/project.

System= a regularly interacting or interdependent group of items forming a unified whole (miriam webster) it is interesting that the term “business system” in not contained within the files of Merriam Webster so according to the dictionary does not exist.

Free Enterprise System-What is IT.

So a free enterprise system should be an interaction between interdependent groups in undertakings without any regulation.

In reality the free enterprise system in the eyes of capitalism is a coming together of interdependent groups in undertakings in a highly regulated atmosphere where the regulation is in disportionate favour of capital.

So when the expert on Squawk Box talks of regulation he is talking of regulation of capital which capital sees as a really bad thing as it limits its ability to legally fleece the highly regulated ordinary joe.

Within the “”"”free enterprise system”"”"” regulation is the name of the game, however if you are a bank or big corporation the trick is to ensure that it is your customers who are regulated while you remain regulation free and are permitted to do as you please.

Most homeowners are struggling under high interest mortgage rates even though much lower rates are available. The reason for this is because their credit scores do not allow them to avail of the low rates.

Funny but all the banks have refinanced their debt at close to zero percent. Judging by the bailout of the banks which only excaped a fate worse than Lehman Bros through a government enforced public bailout the banks should have really low FICO socore.

A bail out by the way by the very public who are now paying above market interest rates to the very banks that they bailed out.

Zero regulation for banks, FICO scores for regular people. This is a perfect example of the free enterprise system at work.

Go Figure!!!!!!!

Double Dips and Double Dips

An old snake oil salesman told me once that there is more then one way to skin a cat and blood and gut aside you don’t get to be  a successful snake oil salesman if you don’t know many ways to skin cats. By the way for the grey matter challenged amongst you the cat in this reference is you and the skin is your money.

Taking this sales guru speak one step further a travelling salesman told me once and I quote: “Seeing is believing, trouble is most people believe what they want and then go ahead and see it “!!

Now we come to the science of double dip which is only exact when it relates to ice cream. However to get a grasp of double dip as it relates to economies we must understand a few simple realities.

There are/is more than one version of the economy:

• There is the economy which we live in in real time, the now economy.
• There is the economy according to wall street which lags the now economy and in reality mirrors the now economy in a past life. The wall street economy is the pretend economy formulated to assist snake oil salesmen skin people who think they are investors alive.

Within the now economy there is only what is. Because of this there is no double dip possibility. To have a double dip you first need to dip then rise then dip again. You can however have a perception malfunction which seeing what it wants creates a perceived rise/fall evect which could be termed a double dip illusion or more appropriately a double dip delusion.

In reality double dips can only happen in the pretend economy (which is perception based) which dips because the real/now economy slows down but then rises on made up hype and then when the cats realize that they have been fed a staple diet of garbage stats designed to relieve them of their skin pull back the market falls the gains are lost and hey presto double dip.

In the wild west most snake oil salesmen where either run out of town or strung up. But snake oil salesmen are a resourceful bunch and whats more they have no appetite for the treatment dished out to them in the wild west so they enlisted the help of vermin names lobbyists to ensure that the law would be on their side when they went about their business of swindling greedy people who choose to believe what they want despite the evidence to the contrary. Imagine a fish who knew that the worm held a hook still choosing to believe that dinner had been served.

So the snake oil salesmen taking the traveling salesman’s advice to heart devised their plan to take over the world and set up shop in NY NY somewhere on wall street and the rest is history.

This history will tell that wall street invented a pretend economy and by the verbal alchemy of speaking reality into existence succeeded in convincing the masses to believe what they wanted, which is exactly the same as getting a fish to swallow a worm knowing that it contained a hook.

Now that the now/real economy was relegated to irrelevant and the wall street pretend economy was coronated absolute monarch, the snake oil salesmen where free to speak reality into existence and people being people insisted on believing what they want the strange fantasy phenomenon “double dip” became a very real financial entity in the never never land of finance.

And the snake oil salesmen lived happily ever after.

You don’t want to know what happened to the cats.

What are Rules

Rules or laws come in two distinct varieties which could be described simply as incontravenable and contravenable. There are laws that can be broken easily like ignoring a do not walk on grass sign and laws that cannot be broken like you must breathe oxygen to live. It is not possible to live without breathing whereas it is possible to walk on the grass if you don’t mind annoying the person who put the sign in place.

Within the confines of this limited article we will look at breakable laws and leave the unbreakable ones to the Gods to ponder, after al they chose to create them for some reason or other.

Breaking the Rules

There is no rule anywhere except in the head of the conditioned that states you should work for Walmart for $7.50 per hour without benefits or vacation. Yet so many thousands of members of the greatest species ever known to inhabit the universe choose to do just this.

There are no rhino’s or monkeys who choose to work for Walmart, only the alpha species chooses to do this voluntarily. So the question must be asked; why would so many superbly equipped assassins choose to ignore their God given gifts and work for a corporation under conditions that equate to slavery without benefits or vacation time.

The answer is rules or laws. Rules/laws are created to limit the options available to the most adaptable species that ever existed in the known universe. By the mere imposition of  law, a God given right is disallowed. If the sign says 35 mph then 40 mph is against the law even though the car and road are quite capable of 120mph. Most people deludedly believe that laws are there to be obeyed and in this belief limit their opportunities to live abundantly.

It is interesting to note that the walmarts of this world choose to ignore law or find a way around compliance and in this non compliance prosper. This alone should be proof positive that law has disastrous consequences for those who for whatever reason choose to comply.

Most laws however are not enacted with public safety in mind. In fact most laws are not enacted with the public in mind. Most laws are created and enacted with a small group of very rich people in mind.

Careful observation will reveal that while the vast majority of people obey the law, the small group who the law was enacted to benefit actually treat the laws with contempt by totally ignoring their existence. After all we all know that taxes are for the little people.

Oh! yes there are sanctions for breaking the laws if you are foolish enough to get caught and even more foolish not to be rich enough to be able to afford better legal counsel than the State.

Here’s the thing, if breaking a law nets you $1000.00 and the sanction (fine) for breaking this law is $500.00 then logically we should break this law at every given opportunity, and this I would contend is exactly what the wealthy had in mind when they sent their lobbyists to bribed our noble elected officials to enact the legislation in the first place, and the chances are that the rich guy actually paid his attorney to write the bill in the first place.

So the successful rich guy gets to get what he wants by treating the rules as a tool to be manipulated as required while the rest of us get to sit on a couch sipping Prozac from a straw while being drip fed brain numbing reality TV designed and scripted to ensure that the vast hordes remain compliant in their role as resource.

Live by Your Rules

The only real possibility for success within society is to forget about the rules you or God didn’t create and choose a set of rules to live by that have your benefit and good as a core principle.

One should live by what I choose to call the white shark rule. The white shark rule simply states that if you must swim with white shark make sure that you are in a cage with a nuclear spear gun or two handy.

The reality of white shark is that they are harmless to you unless you put yourself into harms way. Knowing the capabilities of man the one in danger is the white shark.

So when you are in the presence of white shark don’t exceed speed limits or rob banks with guns, etc. Simply keep your feet firmly planted on solid ground and do what you want. The shark is only dangerous when you are stupid enough to enter his world unprepared.

There are No Rules

In reality there are no rules with the exception of this one law. If you are not consuming you are being consumed, if you are not alive you are dead. Everything else is up for grabs and is dependant on your stomach for risk.

You can shoot, steal and/or kill any time you choose if you are willing to meet the price, that is our core ability as the top of the food chain alpha species.

Taking the recent US administration into consideration the price of doing what you want whenever you want however you want to anyone you want is relevant and in direction proportion to power you hold over them.

As the Chinese philosopher is reputed to have said and I quote: You can have what you can take, you can keep what you can hold. Now there is a rule if ever I saw one.

How to Fix the Economy

Is there an elephant in the room or better yet in the economy?

It is 21 months since Lehman Brothers failed emitting shock waves that rocked the economies of the world to their very core, the housing market collapsed, foreclosure became an everyday ordinary event, the money supply dried up and jobless figures soared upwards.

Countless commentators babble on about the reasons and legislators formulate countless bills to ensure that the events of September 2008 will never occur again.

And I just woke up and a question keeps rattling around in my head. What exactly was/is the problem? What exactly caused the economic collapse that we are now suffering through?

Ask anyone you know what caused the economic collapse and you will get as many answers as people asked. The truth is that no one knows what caused the economy to collapse. One day everything was fine, the banks where lending, jobs where available, houses prices where high, confidence was abundant and the next day Mount Vesuvius erupted on wall Street and the rest is like Lehman Brothers is as they say history.

So what exactly happened to bring about the economic meltdown was it really sub prime lending or is that way too simple a hook to hang the blame on.

Is it possible that the problem is the system itself?

Is it possible that a natural function of our financial system is meltdown?

Is it really possible that most people are supposed to lose their shirt every ten to fifteen years so that the aristocracy of the finalcal universe can harvest what sowed?

The large pink elephant in your living room that won’t go away is there because you want to believe any old junk that suits you and deny the realities that are jumping screaming right before your eyes.

It’s the economy stupid.

So the banks are too big to fail and George Bush speaks reality into existence.

Imagine just for a moment what would happen if all the banks and Wall Street vanished right now. Everyone would still be breathing oxygen, everyone who didn’t from panic that is. And if everyone decided to go on as before everything would go on as before with the exception of financial institutions.

The government who prints the money could control it and dish it out as it saw fit. I mean who do we need banks in the first place? Oh! You don’t know. We need banks because rich people need somewhere safe to store their cash and because banks are a great way of enslaving the vast hordes under mountains of debt.

The system didn’t fail in September 2008; it did exactly what it is supposed to do. The system isn’t broken it is operating at optimum performance. This is as good as it gets.

The 10% unemployment rate for the nation when examined closely holds an almost 40% blue collar factor. This recession like all recessions is a poor mans recession. It’s the Status Quo baby. Poor people are supposed to be poor and rich folk are supposed to get richer at their expense. And man is this system working just exactly as it was meant to work.

The elephant in the room is there to tell you that you are one stupid mother. The elephant in the room is there to tell you that the system isn’t broken and doesn’t need fixing. The elephant in the room is there to tell you that all the kings’ horses and all the kings’ men are telling you what you need to hear to keep you from waking up to the realities of capitalism.

Before you burst a blood vessel, no I am not a commie; however I have been known to look at the world without the blindfold of sacred cows that the masses wear.

Socialism is supposed to be a societal system with people as it basis. I say “supposed” because socialism in practice has turned out to be nothing more than oppressive monarchy. This is not socialisms fault this is merely opportunistic men at work. All law in a socialist society should be formulated for the protection of people.

Capitalism is a societal system with money as its basis. All law in a capitalistic society is formulated for the protection of money.

Within a capitalistic society people are viewed as a resource for the creation of wealth.

However there is a need to keep the unruly masses under control while they are worked to the bone for the good of their betters, so they are fed garbage like liberty, morality, religion and patriotism.

There is nothing like a conscience to control a man.

There is nothing like conditioning to control a conscience.

There is nothing like money to control conditioning.

So your homework for tonight is to turn off the TV, radio and any other source of garbage that is telling you what your betters want you to believe and examine the evidence that the elephant has assembled for your perusal.

Of course you could decide that it is easier to do nothing and bitch.

The Electorate of Massachusetts bamboozled by Republican slight of tongue and lulled to sleep by Democratic lethargy went to the polls and elected Scott Brown to represent them in the US Senate seat formelry help by the venerable Ted Kennedy who incidentally has by now turned 4,337 times in his grave.

Scott navigated his way to the Senate masquerading as a man of the people in his working man barn coat and pick up truck boasting 200K miles. Not to mention the fact that he was a male model of sorts and you know how star struck we all are so it wasn’t really a fair fight to match him up against a failed litigator who had mellowed to senility as Attorney General of the People’s Republic.

Anyway to cut a long story short Scott of the people has done an incredible hulk on us and metamorphosed into Scott of the Street, Wall Street that is.

Turns out that rather than represent the puritans of the commonwealth as he was elected to, he has decided to go with the smell of money and represent the robber barons of Wall Street, yes the very thieves who where rewarded for their crimes against America with tarp money instead of the federal detention centers they so richly deserved.

Scott you are a cad, you lied your way to Washington and now that you are there you fully intend to do what all your cronies do, line you pockets against the oncoming financial famine you and the likes of you have set the American people up for.

They say the people get the government that they deserve but that was a long time ago. These days we get the government that the media tells us we need.

But then again if it was up to you would you choose to side with some stiff “masshole” just because he voted for you or Goldman Sachs with all their lovely money.

Looks like the British are still up to their old habits. One Rodney Morgan and his family informed the Ritz Carlton in Naples Florida that they did not wish to be served or have to deal with:

• Blacks
• People of Color
• People with foreign accents.

When will these people ever get it. They are not special, Britannia doe not rule the waves, they won the war because America and Russia won it for them.

I wonder would Mr. Morgan take exception to a Black man saving his life if he was drowning.

The reality of our sad world is that every dangerous issue we now face was brought about by colonization. The British Empire was at the forefront of this systematic rape and plunder of the resources and people of the non white world.

Every single American soldier who lost his/her life in the Gulf and Afghanistan campaigns can thank England for the mess they left the middle east in when they decided they could make more money plundering the assets of those countries by withdrawing their troops, installing a puppet leader and letting their corporate dogs loose to do the plundering for them.

The first gulf war started because Saddam Hussein invaded Kuwait which was and is a minnow state set up by the British to reward a loyal puppet. Saddam merely wanted to reunite his country and if that was wrong then the US civil war fought to keep the Union together was also wrong.

For 800 hundred years the superior British have sat on Ireland. Prior to the famine of the 1840′s there where close to 12 million residents in Ireland. Today over 150 years later despite the high birthrate of the catholic Irish the population, the island’s population is in the 5 million range.

It should be remembered that the famine that struck Ireland in the 1840′s only affected the potato crop. Nothing else was affected yet over one million Irish died from starvation because all other food was taken from the country by our English masters.

So here we are in 2010 and the racist Mr Morgan still does not want to have blacks, coloureds or foreign accents in his almighty British presence.

Shame on him and shame on the Ritz organization for attempting to honour his racial prejudices.

How can America ever claim to be the home of the free and the land of the brave when prejudice like that of Mr Morgan is accepted by premier name brand organizations like the Ritz merely for money.

The statement without commitment nothing is possible includes the reverse statement that everything that is present in your existence right now is the result of a commitment your have made. In reality you have committed to be as you are now.

If you are as you are now and there is something missing from your life like love or money or a relationship you might say hey I never committed to be poor or lonely.

The truth is that though you didn’t commit to be poor or lonely you did commit to live in a way that had a side effect or symptom like poverty or loneliness.

The reality of existence on the human level is that you cannot commit to be rich or fall in love. Love and money are symptoms of conditions or states.

You could commit to becoming president and in achieving this goal wealth would be a side effect or symptom.

Most people who have no money will make statements like I have to make some money, they will think for hours and days of making money. This is a futile waste of grey matter because ythey are focusing on a symptom and not on the condition that causes the symptom.

For example there is a condition existing in my left knee which causes it to become swollen and inflamed and very painful. These symptoms are easily remedied by taking some anti inflammatory medication. However as soon as I stop taking the anti inflammatory the swelling and pain comes back. I have remedied a symptom but not the cause which is the condition.

Money and the contentment which come from a good relationship are symptoms of conditions. It is not possible to commit to a symptom. It is possible to commit to a condition.

Remember commitment is tantamount to jumping off a cliff. Once you jump there is no way back. Once you commit there is no way back. If there is a way back you have not committed.

So if you would like to change some of the symptoms currently occurring in your life look to the condition that is causing them and commit to replacing this condition with a condition that will have the symptoms you desire.

You are as you are because you have chosen at a deep committed level within your being to be as you are. You are not poor or wealthy or lonely or successful you are merely experiencing the symptoms of your chosen conditions.

Your life is a symptom of your commitments.

Tomorrow today will be yesterday.