dow will bottom at 7500-hover-santa claus to 9000 in december-then bounce at obama’s inauguration to 11000

humans- ya have to love em don’t ya? hope springs eternal and confidence always returns eventually. gonna be a rough few months though. better stock up on Jack Daniels, toilet paper, bottled water and cigarettes if you smoke. (useful to trade if you don’t) bullets, gunpowder, shell casings, protein bars and firewood. time to hunker. if you know how to smoke meat that could be useful too.

how do i know these numbers? no training. don’t even know much about the market. just a feeling that bears get. keep your fingers crossed and hope for the best kids. and remember as red/green says “we’re all in this together.”

on 6-26-08 i predicted the dow would drop to 7500 this year in my post entitled BIG MONEY TALKS. looks like it will happen soon. what do i win? pie in the face most likely.

“Mr Risk” Secretary of Treasury

 

Henry Paulson wants US to give him and his friends almost 1 trillion dollars to bail out his old company Goldman-Sachs and other friends on wall street. who is Henry Paulson?

  • graduated from Harvard 1970
  • worked in Nixon administration for Erlichman 1972-1973
  • worked for Goldman-Sachs from 1974 to 2006
  • CEO of Goldman-Sachs from 1998-2006 where he gained nickname “Mr Risk”
  • appointed treasury secretary by George Bush July 3, 2006.
  • in 2004 took home 30 million in bonuses
  • in 2005 took home 37 million in bonuses
  • estimated net worth 700 million

Henry Paulson does not care about the future of this country or it’s citizens. he cares about his wealth and the wealth of his friends. if you are trying to rid a field of weeds, you do not lift the irrigation headgate and flood it with water. you let it wither and die- then you burn it in the fall to get rid of the seeds. Henry Paulson and his friends are the weeds which infest our country. we need to let them wither and die. only then, can new growth occur.

small things done well. another reason i love my life

photo courtesy Nathan WIlson  front yard farming

sometimes when i reflect on the numerous huge things that need fixing in this country i become a little overwhelmed and since i am at core a bear of very little brain my intellect starts burning rubber and i have to think small again. there is a site called collective source which i have stumbled upon. it is possible to make small changes and do some good in this world.

Chinese eye Hawaii; Arab Emirates have dibs on Rhode Island and Alaska

filed under Bear News Syndicate. Washington DC.

Sheriffs closed down the US treasury today and evicted officials after China and The United Arab Emirates forced the bankruptcy sale of all collateral pledged and owed by the United States Of America for failure to make their payments. It is rumored that the Statue of Liberty and Ellis Island will be turned into a relaxing spa for Saudi Royalty and their families. as of press time no word yet on the fate of Nebraska as it appears that no interest was shown in the state by any of the creditors although rumors run rampant that Warren Buffet may buy it for the new President, John McCain who said that he always enjoyed visiting Omaha and that the new United State of America will pay it’s bills as soon as the new mastercard arrives in the mail. It should be noted that McCain won the election by default after Obama resigned because Bush would not leave the White House willingly. Obama stated  “I just can’t fight the evil anymore.”

Oh No! Hummer Bummer

Yesterday GM announced that it Might drop production of the humvee. Ya Think! Jees at 8 miles to the gallon it only costs 30 dollars to drive for one hour on the freeway. Better trade in those Ford Expeditions soon too. I understand that scrap iron is netting about 2.5 cents on the pound right now. or you could use the Humvee for storage until the Chinese arrive to bid on the upcoming USA bankruptcy auction.Let’s see. two and a half cents times sixty five hundred pounds for the average humvee fully loaded – $162.50 should cover it. Can you take a check? I should go into the repo business. the owner’s will be throwing the keys at me…………..sweet. Hey buddy can you spare a Humvee?

Fulcrum

everything still works

and that amazes

considering the birth

of swings and death poets

has dug up enough oil

beneath the Antarctic

to serve roast succulent

penguins for years

Cleaning up the place

the age of hysteria is upon us. Now that the greatest generation has almost completely passed away we panic because we remember that they warned us about being too complacent. We were too comfortable and too spoiled to listen. the bill is past due and payable and the laws of physics will collect.

we can blame the politicians that we elect; we can blame the corporations that we support, but in the end the blame lies with us. we cannot retire this debt any more than we can stop the grass from growing by mowing the lawn. Global warming has begun and round and round she goes- where she stops nobody knows. the laws of entropy and reaction must ensue.

Smug middle class starting to feel it

As gas prices rise toward a predicted four dollars per gallon this summer and once-staid investment icons plummet in value or go bankrupt, even the smart ones who did not participate in bad mortgages or sucker for too much credit card debt are finally beginning to feel the pinch and they are squealing about it. Milk is above four dollars a gallon. Flour and other grains are tripling in price. Food in the supermarkets is costing almost 22% more in just one year.

This smug middle class are the same people who followed the example of the rich in pointing fingers at the majority of us who where less cautious and they delight in telling us we deserve the suffering that will soon befall us. The truth is, the majority of America’s middle and marginal middle class suckered for buying more on credit and the rich encouraged it to keep the train on the track. But now that the freight cars have come uncoupled from the dead engine of our economy, the cars are rolling downhill with no brakes from the steep mountain pass of false prosperity. The impact will be crushing in every charity and non-profit organization that serves as a flimsy landing net for the hungry, out of work, medically underinsured and unprepared among us.

The poorest have endured the worst already and the richest will be slightly inconvenienced, but the roar of outrage that will surely emanate from the middle class has not even begun to manifest itself.Here is hoping that when the outcry comes it serves to build a positive response by steering us in the direction of self-sufficient and reasoned resource development, rather than the usual fear-driven frenzy to find more finite resources to devour. 35 years of making the same mistakes over and over again is enough. In 1973, America had a wake up call when the gas shortage jolted us all momentarily into reality. Many bright minds briefly looked into the possibility of developing alternative energy sources but, when gas became cheap and abundant again, most of those plans were put on hold. Now America faces a crisis so overwhelming that it threatens to destroy our economy and our way of life.

The Reagan-inspired dinosaur-brained policies of buying military power on credit and basing energy policies on enriching oil corporations and cartels have nearly bankrupted this country. The time for change was 35 years ago. Now, we have to play some serious catchup to even compete with most of the developing nations of the world. We cannot rely on some politician to get elected to make the changes that will be necessary to turn this around. We must all contribute to an outcry so loud that every institution responsible for this mess is shaken to it’s foundation. If middle class and marginal middle class Americans still have the gumption to unite, we can rebuild the engine and recouple the cars and start the long climb back to prosperity. We can no longer allow the rich to divide and lead us into what appears to be a new depression combined with inflation. This malady commonly affects many undeveloped and underdeveloped nations on a regular basis. They must beg for credit to feed their people.  It appears that 35 years of bumbling greed driven policies may have succeeded in finally driving America into a fate dangerously similar.

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