Archive - Jul 18, 2011 - Blog entry

On all fronts, this debt story feels like the swirling motion is starting.

Washington's Blog is pleased to announce some useful widgets, created by OilPrice

Are the evil space aliens all just members of an even greater majority and thus our collective mental institution is simply planet Earth? If this is the case, then Earth’s so-called leadership are simply Warden’s assigned to keep the inmate population so distracted and disorientated that we never become self aware long enough to organize a resistance and jump the fence.

All we ever asked was for the banks and their attorneys to FOLLOW THE LAW. No free houses, no windfalls for the homeowner, no debt forgiveness. JUST FOLLOW THE LAW... Because once we lose that, we lose society as we know it...

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However, one thing is clear: we are fast approaching the REAL Crisis. And there’s no shortage of Black Swans to hit either. The Euro problem isn't going away. In fact, it's now spread from Greece to Italy and Portugal... the latter county now being officially rated as "junk. Meanwhile, China is experiencing a liquidity Crisis on par with the Lehman-collapse. In fact, a recent bond auction there failed to sell EVEN HALF of the bonds offered (there's not enough capital available).

I remember the days of yore when the Wall Street Journal was a daily ritual of mine for business and financial news. Then some reptile bought the paper and turned it into a serious waste of money complete with gossip columns and an annoying subscription pay wall to boot.

Looks like Mr. Market is up to its old tricks of hurting the most participants.

Our government wouldn't LIE to us, would it?

I know you may think I am crazy, and I am, but it is looking more and moron like this may be the only way to settle it...

Legal analysis carried out by the California Public Employees’ Retirement System (CalPERS) has ruled that pension promises made to current and retired members are a “vested right” and protected under State and federal laws...

To allay their concerns, the council took out a controversial clause, which said that any violation of the law would void a foreclosure sale...

First of all, Money McBags has to apologize for this column’s lack of timeliness but ever since he has gone to....

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