Also known as the I’m going to the dentist this afternoon and after that I’ll be doing some shopping link round up. But make no mistake friends, despite the assertions by angry man-child Rahm Emanuel that he and the Marxist Messiah “saved the economy” a financial TEOTWAWKI is coming and it’s coming sooner rather than later. Add to that social and political upheaval and what seems to be a wave of natural disasters that seem to be building and the world as you know it is quickly slipping away:
GM global sales fell by 22% in the this year. Let’s hope they really aren’t “too big to fail.”
California’s budget plan which was hailed yesterday is falling apart today. The sticking point for Republicans is the release of prisoners, for unions it’s the continuation of three unpaid furlough days a month for government workers and larger cities are balking at the fact the budget requires them to give up their money to the state and in essence save the state by making the state’s deficit theirs.
Alaska has passed a bill declaring it’s sovereignty and limiting the power of the federal government to dictate policy within it’s borders. Governor Palin has signed the bill into law, and she is one of only two governors to have done so even though about a dozen states have drafted similar measures. Thirty six other states are working on similar measures right now.
At least half a million people have exhausted their unemployment benefits, and another million and a half are expected to by the end of the year. I’m sure there’s a “green shoot” in their somewhere. If nothing else it’s probably a good time to start haunting the garage sales/pawn shops for some good deals.
Gary Shilling is predicting a Market crash, and the S&P hitting 600 by the year’s end.
Despite record profits Wells Fargo is losing investors, which may foreshadow an shift in attitudes toward investing that will devastate out traditional markets and signal a change in how people spend their investment money. Commodities and goods are where your money should be.
Why did the White house delay it’s budget release anyway?
Governments around the world worried about this Fall’s Swine Flu outbreak. Panicky governments are never a good thing.
Riot police in Texas needed to physically separate Black Separatists and White Supremacists during an anti-government protest. Surprise! The Islamist affiliated New Black Panther Party were involved. Both groups have been becoming more active in the last few months and both are using what seems to have been a non-racial motivated murder to start trouble. Here’s video:
[youtube]http://www.youtube.com/watch?v=HNMf8_XNHxE[/youtube]
A man was arrested in Berkeley when police found bomb making materials in his apartment.
More evidence of a second ice age coming-Thirty one states have recorded record low temperatures. 256 records were set or tied internationally. The New York Times has admitted we will be entering a “chilly period.”
New York City is under siege-by rabid raccoons.
And that’s not the half of it! I’m stocking up on food, toilet paper and ammunition today (in other words I’m going to Costco and then maybe Wal-Mart) and I would suggest you do the same.