Hilarious morning

This morning I spent some minutes roaming through newspapers and news station online since I always get to giggle a little. This morning was no exception. Starting with BBC - the very first headline I notice was about this pink and fluffy Hog Flu that apparently is “Unstoppable!”. Before my laughs even had ended I stumbled across the next cutie: “Climate change is shrinking sheep!”. Yes, apparently driving cars makes sheep in Scotland smaller in size and we all know how important it is with decent sized sheep.

Going over to the Swedish paper Expressen I noticed that well over half of the news had been stolen (as usual) from other news agencies. Most of the über-journalist’s work as overpaid translators just translating news stories straight from another paper/radio/TV (or whatever) hardly doing any work at all except lifting 10 donuts a day and drinking coffee. In this paper we can also watch “The sweaty arm-pit song”, we can learn whether or not we are sex-crazy maniacs, we read about naked cyclists and people having problems in bed (serious sex fixation in this paper).

My next stop was LA Times that is filled with goodies today. California is completely bankrupt and as usual when politicians are facing utter defeat they turn to that funny Guttenberg invention. In true Zimbabwe style the Governator and his lackeys fired up a pair of printing presses and began rolling out nearly 29,000 IOUs totaling more than $53 million, most of them destined for residents around the state still awaiting income tax refunds. Recipients also include some businesses, pensioners, health clinics, college students and many others who get checks from the state. This is among the most hilarius things I have ever read and I had to go back to hit several times. Michael Jackson and his Gold Coffin – back to the IOU’s. Anti-smoking drugs can make you crazy – back to the IOU’s. US Unemployment rates higher than expected – back to the IOU’s. All the time giggling like a little school girl.

On my journey around the world I kept laughing at more companies going down, trade continuing its fall while stupid morons keep inflating the stock-market bubble thanks to the trillions of fiat money (with that freshly smell of newsprint) they have got from the central bank and malevolent governments. The funniest bit though is signs/comments and plans from several countries that the bail-outs and stimulus’s so far aren’t enough. There is more to come. According to sources at the White House; the Obamination is already planning his next move and there are rapports about both China and other states in Asia and the pacific doing the same. This is fantastic and I cannot wait for more trillions of dollars, pounds or whatnot to flow into the market. Everyone together now; 1,2,3; Hyperinflation!! The scenario unfolding now is the stuff nightmares are made off and it’s absolutely brilliant entertainment.

By the way, I bought popcorn yesterday. Commodities like popcorn will be scarce in the near future so I’m stacking up. Cannot watch this headless chicken race towards the abyss without it.

Defaulting is increasing? No way.., really?

Despite dire economic realities, plummeting world trade and constantly increasing unemployment; real-estate prices are still going up. Of course this scenario is mainly thanks to the lunatics at the central banks keeping interest rates artificially low so people keep borrowing money they should not have to buy things they in reality cannot afford. While the depression keeps rolling on like an unstoppable juggernaut the collective debt in Sweden keeps growing. But even maddening shopping sprees need to come to an end sooner or later. Now it is reported that the defaulting levels have reached the record of Kr62,2 Billion which is an increase of 10% since last years already high levels. Some geniuses have figured out that; “people who went shopping on credit during the good times are now having problems paying back”. Oh, really? And the Sun rise from the east? A hot plate might burn you?

Since several of Sweden’s newspapers are writing this today, why cannot these toadies figure out the next steps in this hilarious soap?

Let’s connect the dots:
Deep recession (depression) --> Artificial very low interest rates (+billions of newly printed money) --> high borrowing rate --> higher prices --> Depression continues --> inflation sky-rockets --> higher unemployment --> More billions being printed and thrown into the system --> defaulting levels increasing --> inflation reach Weimar proportions --> Much higher interest rates (and higher unemployment) --> defaulting levels increasing --> people get wheel-barrows to buy a loaf of bread --> Dollar collapsing --> civil unrest --> Funny little men comes to power --> nuclear holocaust --> the cockroach inherits the earth

So while most of you monkeys are swallowing the smelly substance the enemy class are feeding us I’m trying to convince my friends and relatives to sell houses/apartments and get rid off everything that might hold capital for the long run. If possible get rid of debts and have no money or value whatsoever kept in banks or financial institutes. If you have stocks; sell! If you have government bonds; sell! And if you own real-estate; sell, sell sell! Most economists that have about the same opinion as me do think that Gold, Chinese commodities, the Japanese Yen or similar items might worth an investment, I’m not so sure. Gold yes, Silver probably. Antiqvities maybe. Most other things come with a high risk and I would avoid it.

Is there no way out of this? Of course there is, it is a very easy one at that. Governments, agencies and everything public need only to do one thing and everything would be fine. The only thing politicians, bureaucrats, central banks and everything else own by, driven by or highly dependent on the state needs to do is; Get the hell out of the way.

What's left 10 years from now?