Wednesday, July 1, 2009

Mark twain said it best

Mark Twain is credited with warning that “no man’s life, liberty or property is safe while the legislature is in session.” This could explain the way Americans feel with the new cap and trade legislation, the bank bailout, the shovel ready stimulus bill, the omibus (federal spending bill) mortgage bailouts, the first stimulus bill, national health care and almost anything that congress has done over the last three years. WTF that was just off the top of my head. Better put on the boots cause the shit is getting thick. The government continues to balloon the balance sheet of the United States Treasury. How will this end? I don't know but we will soon see. Pres Obama will soon have all of this laying at his feet. Will see if he can pass legislation when 2 to 3 million more Americans lose there jobs. His foreign policy is in shambles. Domestic agenda is little more than mild fascism (if you question this go to my 1st post and see if you disagree then). I hope to GOD that it gets better but I only see two possible outcomes. The first is the debasement of the Dollar through the printing of money. The second is the default of all debt of the federal government starting with the default of states. The answer is the probably a little of both. States are getting close to default on debt which will implode the Muni bond market, probably taking down to the corporate bond market. The FED has already started the printing presses. I think that deflation that will keep going for a little while because of the massive collapse of the of all debt and equity market and then quickly turn to massive inflation. It is coming soon so get the four g's guns, GOD, gold and grocery's.