Delaying The Inevitable As We Creep Closer To the Edge

. Anything fundamental can be thrown out with the bathwater.

To put it all in a nutshell let’s look at the must read 50 Mind Blowing Facts About America That Our Founding Fathers Never Would Have Believed. This one puts a lot of small (really large) facts on one place and will make you cringe.  A few of my favorites from the post:

#6 Americans now owe more than $849 billion on student loans, which is more than the total amount that Americans owe on their credit cards.

#11 Having one out of every eight Americans enrolled in the food stamp program is now considered “the new normal” and Americans continue to drop into poverty in astounding numbers.

#22 The Florida State Department of Juvenile Justice has announced that it will begin using cutting edge analysis software to predict crime by young delinquents and will place “potential offenders” in prevention and education programs. (this appears to be a trend now)

#27 Today, Americans are losing their homes in staggering numbers.  One out of every seven mortgages was delinquent or in foreclosure during the first quarter of 2010. (count the houses on your street and do the math)

#42 If the U.S. government was forced to use GAAP accounting principles (like all publicly-traded corporations must), the annual U.S. government budget deficit would be somewhere in the neighborhood of four to five trillion dollars.
 
That is enough for now. Kinda depressing if you ask me. That may be why I have been a little slack in posting some of the post market stuff. If is beginning to get to me the closer we get to the edge. Delaying the inevitable is all they are doing. Failure to accept reality and to correct crony capitalism is simply becoming a joke at this point. Bottom line (broken record here) is that it is all so out of control and so broken that all they can do is try and hang on cause either way it crashes miserably. There is no recovery. There is no double dip. It never ended and when it happens you’ll know. We’ll all feel it, see it, experience it and live it. Listening to CNBS spew their venom all morning is enough to make you sick. Money managers DON’T GET PAID unless you are invested, so they preach the promise of never ending appreciation and the fear that you will NEVER make your retirement goal if you leave the markets that are having this TEMPORARY blip that is an anomaly cause there will be no double dip on the never ending trip of 9.6% per year annual returns.

GL out there and thanks for the support!