Confidence, Man

Consumer confidence. Like sex, it’s what sells. Give the consumer enough confidence in the future to go out and spend it now. It’s what passes these days for an economy. A consumer economy. Not to be confused with a producer economy. One with actual production. Not consumption. Another word for consumption is cancer. Ever wonder why one out of three people here in ‘Merica are dying of cancer? Maybe “it’s the economy, stupid.” It might just be the stupid economy.

Half of the economy seems to be men whose job it is to build up the consumer’s confidence. That and to measure this same confidence and quantify it. In this I include advertisers, public relations experts and associated spin masters, news organizations (spin, again), wire services, and the culture camp. A whole industry or two devoted to forming, acquiring, and getting the word out about the great recovery. We are all going to be rich. You can have confidence of that all the way to the bank. (Please, they need it)

In a financial news interview the other day the guest let slip the fact the fastest growing section of the recent jobs report was for those who have given up looking for work. He said it was up to 90 million workers. Don’t ask me but in a country of 300+ million people 90 million sounds like a lot more than the 5% they are claiming are out of work because those 5% are at least still willing to go out and look for a job. I don’t know, maybe there’s enough government cheese that 1/3 of America doesn’t even need a job anymore. I hear that since Alabama was elected back in ’08 getting food has been a snap!




Rent from my hands. To the lords of the land. Second half rent is paid. I only wish there was some way to earn it back. We’re not getting it from the grain markets. Or any markets for that matter. Any markets that matter. Even scrap iron is half what it was. China was going to make us all rich.

Until we all realized that they were only printing money, not creating wealth. Quite the opposite of wealth really. Printing money is like writing a loan. A loan isn’t wealth. It’s debt. The poor communist slaves thought they were going to get to eat a pork chop. Now it turns out that China has reduced their hog herd by an amount equal to or greater than every hog in America. The united states of America that is. I wonder …….

Are they getting ready for the Muslim masses now harassing Europe? Don’t need any pork for them, they won’t eat it. And China has more than enough room. Population control (killing people) has been China’s forte’ since Chairman Mao started the slaughter back when Japan stepped down from the disgusting job. China’s even built the boxes that Muslims won’t be able to think outside of.

There are reports that China currently has 50 full sized cities that have recently been built with no one living in them. Supposedly back in the 1920’s Indonesia did something similar. According to a book I read 100% of Indonesia’s industry that was built up during the 1920’s was excess supply. Not needed by anybody in the world. Financed by borrowed money. Indonesia’s empty cities sat empty for many years. During which the entire world devolved into a depression. Great. Here we go again.

I was reading about this little known fact of history back in the 1990’s when east Asia had done it again. Anybody remember hearing about the Asian contagion that was running rampant back in the 1990’s? George Sorros supposedly made a killing shorting the Baht, Indonesia’s currency. Along with every currency that caught the contagion. Then he targeted Russia. Too bad they didn’t outlaw short selling like China has. I’ll bet that ends well.

Folks thought China was about the only major stock market that wasn’t totally manipulated. Now they are being manipulated massively by the party apparatchiks. You can’t even talk badly about the massive market losses in China now without being disappeared. So much for real price discovery. They’re as spun as the rest now. Spun dry. Out of liquidity. Rigged. Just another brick in the air. Being thrown at capitalism. Or what passes for it these days.

Casino capitalism, whadaya bet …….