We're Gonna Open Up A Can Of Woop Ass On You!

Another week….another extend and pretend. Trot out the Fed speakers. Trot out the BLM bartender jobs numbers. Trot out the same old experts on CNBS to prop up the Stock buy back ponzi. To talk down Buffet’s dump of IBM shares. IBM and great company that’s losing Revenue for the past 10 years. But thanks to free money can borrow to buy back its OWN shares to inflate its EPS numbers. Even Buffet could see the handwriting on this one. 

This week TSLA crapped on its typical quarterly cash burn, but it was spun as a win. Apple looks like its dead money from the law of large numbers and no foreseeable innovations, but its green. Watta week! I think we can see how the malinvestment is playing out. As long as the dollar is king, it won’t change. Does anyone think that King Dollar is not going to be given punch in the mouth? 

Live in the past, but realize the future is not the past. Remember the mantra in 2007. We don’t see any housing bubble. We don’t see any impact on the economy. We don’t see any recession coming. We don’t see the stock market as overvalued. We don’t think their is any risk to our banking system. Surely you remember those repeated public proclamations given by our Financial leaders and Fed Speakers. Do you hear the same today? 

What I have to just laugh at is that NOW they refer to those years as “The Financial Crisis”. Even though during the entire period of time…..right up until September 15, 2008 they told us there was NO  risk at all of a crisis. Even while most of 2008 was marked by one crisis after another until the final flush of Lehman. But now there is no risk of a crisis but ONLY a recovery from THE Crisis that we were told WHEN it was actually occurring that we were NOT in a crisis.  I’m not confused. Are you confused?  I think we’re good. I think this is a recovery. At least its a recovery for a few million parasites on Fed spending on our West Coast and in NYC. That just might change as this ponzi gets its wake up call.

Now on a good note. Enjoy the ponzi and enjoy the time you were given on the back of your children and grand children. Take the time to tell them why you were exceptional and how you spent their future. Tell them why they should go into debt for a lifetime to get a degree so that a robot can replace them. Explain it all. It’ll make you a legend with your family. Don’t buy silver and don’t buy gold because the Fed told you so. Believe them. They don’t lie. How could they ever have seen it coming? How could Ben Bernanke NEVER have seen it coming?  It wasn’t his fault. It was YOURS! It wasn’t his.