Interesting Times

But wait, we are a consumer economy.

It is simply unknowable how things will play out. But it can be stated that, in the absence of an outside threat, the American economy cannot keep itself afloat without outside sources of funding. So the spark may be an external change such as China or the Middle East dumping the dollar. Perhaps it will be the collapse of a Hispanic economy and a flood of refugees. Or maybe the American welfare state will simply run its course, causing the government to lose the ability to borrow money and collapsing the currency.

What happens then? It depends where you live. As agriculture is inherently stable, generating a tangible product, agricultural communities will be OK. The Grapes of Wrath is evidence that Anglos are, in fact, capable of helping on farms.

Cities are inherently unstable, more so with the advent of multiculturalism. The introduction of hunger to cities will set off a wave of ethnically-charged violence, similar to prison society but without the guards.

Cities are surrounded by suburbs, populated by productive Citizens with the resources and discipline to defend themselves. In a societal break-down, expect suburban communities to institute martial law and erect barriers to prevent the movement of looters from the cities into their neighborhoods. This will effectively contain and inflame urban chaos. Urban populations allowed to pass through the suburbs to the exurbs and country would not be well received.

And the system will come to equilibrium once again. People will die and lose their freedoms, just as has been done countless times before.

And then the American outlook brightens. Stripped of political baggage and having something called a new instinct for SURVIVAL running through our veins, whatever form our leadership will take will have options.

America is blessed to have four key resources:

1. 400 years of liquid energy in the form of oil shale.
2. Excess farmland.
3. Military hardware.
4. Millions and millions of good old Americans.

That’s all we need. It really doesn’t matter whether or not we pass this terrible bailout plan. All paths lead to the same place.

This is a fictional blog.

One Liberal's Legacy

Kaput.

His original independent label Charisma records had become absorbed into a major, and his success had attracted some "advisors" who were more than ready to relieve Julian of his income: "Control over your career is so important. How can you express yourself when other people are trying to do it for you?"

So Lennon quit. He spent the next few years living the life he had previously been denied during his punishing schedule. Relaxing in his lakeside house in Northern Italy.Cooking, Photography, Sailing, Travelling. Accumulating antiques, rifling through flea markets. Anything that didn't involve the dreaded 'm'-word.

During this time Julian even considered other career options: "I needed to think about a life outside the industry. I've always been interested in architecture, interior design, photography and cooking, but in the end I started playing again because of my love of music - and I didn't want to walk away from it all with the last four albums as My legacy!"

John Lennon

Ah, people asking questions, lost in confusion
Well I tell them there’s no problem, only solutions
Well they shake their heads and they look at me as if I’ve lost my mind
I tell them there’s no hurry
I'm just sitting here doing time

I’m just sitting here watching the wheels go round and round
I really love to watch them roll
No longer riding on the merry-go-round
I just had to let it go

I used to sing that song in a lounge. I meant it at the time.

Lennon’s circulatory system was ruptured by four 38-caliber hollow point bullets, entering through the back. He lost 80% of his blood and died. Mark Chapman pulled the trigger, he was a Beatles fan. Chapman was denied bail for the fifth time last month.

Indications of Late Term Democracy

1. There Was Not One Question on Illegal Immigration

Illegal immigration will bankrupt our form of government. It is not because Hispanics are bad people; they are not. It is because they have an average IQ of 87, approximately one standard deviation lower than indigenous Americans. The societies they have set up in Guatemala and Honduras reflect the aggregate capabilities of their populations. Wages in these countries are $3/day.

Hispanic immigration has benefited business and ethnocentric interest groups, but is unsustainable, as Hispanic families, on average, cost the taxpayer money. It is estimated that low-skill households cost the taxpayers $25,000 per family, per year.

The fact that we are unable to discuss the impacts of illegal immigration in a Presidential debate is an indication.

2. Both Candidates Agree to Bail Out the Banks

It is true that the banks are victims of political correctness, but nonetheless they went along with the plan and deserve to get creamed. There is a valid argument that not writing a $700 billion check could cause an economic collapse. I don’t know if the President’s argument is made in good faith or if it is made on behalf of his Wall Street friends.

The bad indication is that, outside of some southern Senators, there is consensus on the bailout. In a healthy democracy, legislators would be fighting over a transfer of $700 billion (plus) to a bunch of bankers.

As this transfer would only delay things, cause inflation, and make the day of reckoning worse, Brick Oven advocates “collapse here, collapse now” for weak banks. We also advocate preparedness for the Citizen. This includes food security, financial security, and physical security.
…
Economic recessions are a natural human cycle. When a system is put in place to prevent recessions, depressions become the natural human cycle. Throw in universal suffrage, and bankruptcy is the result. This is what we are witnessing.

Here’s an idea, let’s let Iraq oil bail out the Wall Street banks. It can also reimburse the American taxpayer, while we’re at it. To interesting times.

Food

Tonight I made chicken soup with a $0.99/lb chicken ($3.50), some rice, and $1.50 worth of vegetables. It will feed us tomorrow too and was very good and healthy. The picture is of a bowl of yummy mashed potatoes. I grew them myself. If my family was on food stamps, I think we’d get $36/day.

I’m keeping my eye on that squirrel. Just for practice. And I can dig clams.

Children's Author

I did not know that before ‘The Blogs Are Out of Control’ Sheila became the FDIC Chairman, she wrote children’s books. Wow. Upon reflection, that probably makes it easier for her to make statements like she is still doing today:

“Given the change in economic conditions, we need to weight the more recent data more heavily,'' Bair says. “You also need a good dose of common sense.''
…
“We do have a handful with some significant challenges,'' she says. “Overall, banks are quite safe and sound.''

FDIC May Need $150 Billion Bailout .

What is a Credit Default Swap?

‘Take back, your insurance, cause baby nothin’, is guaranteed.’
-Tom Petty

Credit Default Swaps (CDSs) appear to me to be insurance policies that banks issued to each other. The only problem is that, while insurance companies are regulated and have to have a certain level of reserves, CDSs are issued by banks in an unregulated environment. And it seems there is nothing to back them up.

Read this link if you want to become uneasy.

$681 trillion is a lot of money.