Friday, September 24, 2010

Grave Concerns -Misters Drip & Drop - 6:01 News

Grave concerns overshadow the land. These concerns are varied and effect different groups; some effect a few groups, some many groups and some effect all. An industry has been born to explain the origins of the concerns, but many believe that they began with a scream in the grocery store.
Others look to the incompetence, unbridled careerism and greed for money and power found in the government. Central to this view is the role played, or more exactly not played by the SEC. Subscribers to this view see the swearing in of Cox by The Oily One as a case in point.

The results to this approach to government oversight were the numerous auditing of Madoff and other financial gangsters that found nothing. To date no SEC employees have paid any consequences and they continue as before (pictured below).


Many question the ever grim unfolding of economic news and seek to find something they can believe in and thereby commence spending freely.Unfortunately what is actually happening remains hotly disputed. Is this a recession, a double headed recession, the tip of a depression or a realignment of The American way of life is the subject of The 6:01 News.

Through our tribulating trials the government has maintained a high profile by way an unceasing flow of self congratulatory media events and initiatives. One such initative is discussed below and many fear we can expect more of the same from the public servants we now serve.

The signs of recovery are as omnipresent as Elvis and ET sightings and prove to be as difficult to verify. These recovery sightings do provide a few days respite from the gloom currently affecting Wall Street and make possible some action at the trading tables. Still some are profiting in this climate and we saved the big banks by making it possible for them to abandon banking in favor of clipping FED coupons and engaging in day trading


The announcements of profitability are most commonly accompanied with announcement of lay offs. Many companies who are becoming more productive and profitable have discovered they need a lot fewer workers than previously thought. In other words these jobs are going boys and they won't be coming back.

Worries about the stability of fiat currency have risen as it becomes more clear that a nation with 25 million unemployed and underemployed and 40+ million poor has only one way to pay it's huge debts and for the most expensive government in the world, namely print money. This is reflected in the 1300 dollar per oz of gold. Misters Drip & Drop discuss the problems associated with unrestricted money printing.

This once proud population copes in new and inventive ways. .

Some seek a conservative bargain.

Questions of where to find work haunt millions.

How to restart the economy while not admitting it is broken has bedeviled such devils as The Oily One and his successors. Misters Drip & Drop discuss a possible impossible way to get things moving.

Yes we have saved the banks that count or at least can be counted on at election time and we may never have to save them again now that they have forsake loaning money and restrict themselves to clipping FED coupons and day trading.


It is impossible to ignore the concerns that have arisen about the new player on Wall Street

Ah the public purse!

But how will we know when we are on the upswing?