Life in the Nest

Greetings Folks, this past week has been very interesting. The only conclusion I can draw is that we live in a kookoos nest.

Bank Failure Friday claims its victims.

Reuters:
U.S. regulators close seven small banks

We are up to 64 this year.

Washington Post:
Bankruptcy Filings up 33 Percent

Bloomberg:
Foreclosure Filings in U.S. Reach Record 1.5 Million

Everyday its very strange for me to see the de-coupling of reality with what are generally accepted as "markers" of our economy. For example the stock market recently breached 9,000. This in no way reflects whats really going on anymore.

LA Times:
Despair flows as fields go dry and unemployment rises

Charlotte Observer:
Jobless benefits run out in record numbers

In my opinion this tossing around recession vs depression is all semantics. The fact of the matter being that this situation we have/are backing ourselves into has no real practical solutions. Except possibly raising taxes somewhere between 70-90% and creating a socialist state. This seems to be the path we are on. I'm hard pressed to see many other "official" solutions. The debt we are creating is extravagantly huge, even with taxes at 70% on everyone, we will be hard pressed to even make payments on the interest. Forget everything else. So remember the Federal (private) Reserve owns us, and our children's children now. They want us in debt, for them it is more leverage on us.

The guesstimate on our debt here:

Crisis Tally Made Easy: On the Road Towards $23.7 Trillion!

So what does our lord protector Ben Bernanke have to say?

CNBC:
Fed Chairman Sees Possibility Of 'Jobless' Recovery

A jobless recovery eh? So now you may chuckle sardonically. We know what this means...Some one is getting shafted, wait everyone is getting shafted...unless your a banker, or a bankers pet. I hope we can all enjoy some more jobless recovery.

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On The Lighter Side:

California Passed a Budget, which means...we are selling a kidney to buy some more hooch. Its a great idea.




A new phenomenon has been noticed recently.

Wired Science:
Glowing Clouds Appear Across America’s Night Skies

Safe to say, I feel this phenomenon has nothing to do with what we call "global warming". However they are quite beautiful.

Be safe out there.

Prov.
1:19
So are the ways of every one that is greedy of gain; which taketh away the life of the owners thereof.

With Love,

Joshua F.