You know those deadbeats who haven’t made a mortgage payment in over a year? Obama wants to take your tax dollars and let these scumbags refinance their underwater mortgage at 4%. He’d like to do it through your backdoor by having Fannie Mae and Freddie Mac take on another $70 billion of losses. These two wonderfully run organizations have already lost $130 billion of your tax dollars, so what’s another $70 billion.
This is how a socialist views the world. I have been making my monthly mortgage payments faithfully for 16 years. It doesn’t matter whether the value of the house is lower or higher than the mortgage. I have a financial obligation and I honor it. There are millions of deadbeats who have lived far above their means, took on too much debt, and never saved for a rainy day. Now they are living in homes for one or two years without making the legally required mortgage payment. Obama feels their pain. His solution is to take my tax dollars and help the deadbeat out.
People make bad decisions every day. There are consequences to bad decisions, just as there are benefits to good decisions. Obama wants to reward the people who made bad decisions at the expense of the people who made good decisions. This is just another form of warped Keynesian thinking. These blithering idiots believe that the reduction in mortgage payments will boost the economy. Absolutely ridiculous!!! These morons haven’t been making any mortgage payments. They were already spending that freed up cash on iPhones and HDTVs.
What kind of country have we become? People who can’t or won’t make their mortgage payments need to be booted out on their fat asses. It’s time for them to rent or live in their mother’s basement. The housing market needs to be cleared of the massive oversupply through price discovery. At a low enough price, someone who had been renting and saving their money will be able to afford one of the houses. At the right price, every house will sell. The banks need to write-off their bad mortgages. If that pushes them into bankruptcy, so be it. An orderly liquidation of their assets has been precedent for a couple hundred years.
Don’t let Obama screw you again.
The regulator who could block mortgage refi plan
FHFA chief could derail effort, experts say
By Ronald D. Orol and Greg Robb, MarketWatch
WASHINGTON (MarketWatch) — A possible White House effort to kick-start the moribund housing market, and create a major backdoor stimulus to boost consumer spending, may be undercut by the regulator for government-seized housing giants Fannie Mae and Freddie Mac.
An idea that outsiders have said the White House is considering would allow for the refinancing of millions of underwater mortgages backed by the U.S. government. President Barack Obama is due to give a major speech after Labor Day outlining ideas to boost employment and help the economy.
Mortgage refinancing could jump-start economy
Glenn Hubbard, dean of the School of Business at Columbia University, tells MarketWatch’s Greg Robb that if mortgage owners could refinance their loans it would be the equivalent of a $70 billion tax break.
Millions of homeowners who owe significantly more than their homes are worth currently can’t refinance, but could be permitted to use such a program to refinance to current low mortgage interest rates, which are currently just north of 4%. See story on mortgage rates.
Glenn Hubbard, a former top economic advisor to President George W. Bush, said he presented such a refi plan to the White House. According to Hubbard, an estimated 37 million borrowers could save $84 billion a year, a large chunk of which would be injected into the economy.
However, for the White House to propose such an approach it would need the Federal Housing Finance Agency, an independent regulator which oversees Fannie Mae and Freddie Mac, to implement it.
That may be difficult, regulatory onlookers say, because FHFA’s acting chief Edward DeMarco has sought to limit costs of the two firms to taxpayers and that such a program would likely hike taxpayer expenditures. DeMarco became acting head of the agency in 2009 and has had worked at the agency and its predecessor since 2006 during the Bush administration. Fannie and Freddie own roughly $1.4 trillion in mortgages and mortgage-backed securities, as of June, according to the agency.
“DeMarco might not want to do it so, the question is, can the White House require him and FHFA to do it?” asked Michael Stegman, director of policy and housing at the The John D. and Catherine T. MacArthur Foundation.
“If [DeMarco] sees that the program would result in losing money and reducing revenues, he may say we’re better off where we are and not go through this.”
Analysts contend that the plan would result in a significant reduction in revenue for Fannie and Freddie, though backers say the lower interest rate will also result in some savings for Fannie and Freddie, from lower default rates and fewer foreclosures. Already the two firms have cost taxpayers some $130 billion. Read about how a plan to kick-start housing wins Jackson Hole nod
FHFA and the White House declined to comment for this article. However, DeMarco has said repeatedly that his focus is to ensure the regulator can preserve Fannie and Freddie’s assets and limit costs to taxpayers.
“We are preserving and conserving the assets principally for taxpayers so that they may realize the greatest possible return from these assets,” DeMarco said in a speech in May.
Donald Lamson, a former Office of the Comptroller of the Currency official and an attorney with Shearman & Sterling LLP, said it is possible that a White House call for such a program could create tension between the administration and the FHFA.
“There are plenty of times when an administration tells an administrative agency to do something and it doesn’t happen because the agency doesn’t want to,” Lamson said.
He added that any complications the White House has in having FHFA implement such an approach puts a spotlight on the administration’s failure to have an Obama-nominated and Senate-confirmed director of the agency.
The White House’s nominee to head the FHFA, North Carolina’s banking commissioner Joseph Smith, withdrew his candidacy after Senate Republicans expressed opposition.
Bob Davis, vice president at the American Bankers Association, also said DeMarco will have trouble with such a proposal.
“His job under the law is to be a conservator. I think he’s got to stay true to that. He runs an independent agency,” Davis said.
Capitol Hill complications
Without FHFA support, the only other route for Obama would be with legislation on Capitol Hill, something that most observers see as unlikely.
Lamson said Republican lawmakers on Capitol Hill would likely call hearings, which would focus on the question of authority.
The program would likely also extend to mortgage backed securities, which Fannie and Freddie guarantee. The private holders of these securities would experience meaningful losses of billions of dollars and Republicans may raise concerns that investors would be discouraged from investing in the sector as a result.
“I would be scheduling hearings asking, ‘what is going on here ?’” said Lamson. “Depending on the outlines of the proposal, they could ask what authority does the Obama administration have to employ the program and possibly break mortgage bondholder contracts?”
He added that it is unclear whether such a program would be beneficial politically for Obama.
“When you are parsing through all of this, there are winners and losers. Whenever you get into a reallocation of financial assets people will howl one way or another,” Lamson said. “From a political perspective lets say 10% of the population ‘wins’ but there are other people who live down the street who will be furious.”
Lamson added that there could be unintended consequences with some borrowers seeking to have their properties re-appraised in hopes of qualifying for the program and receiving the benefit.
jmarz says:
Bailing out the reckless at the expense of the prudent is immoral and uneconomical. In the most recent Ron Paul interview with Chris Wallace, Ron Paul said it best when he replied to Wallace’s comment on his beliefs and policies being unconventional. Look how far off track our country has gone. Following the Constitution, supporting a balanced budget, and enforcing the free markets and sound money are all considered unconventional by Americans. Unbelievable. What kind of message are we sending Americans and how will we restore the perception of conventional among brainwashed Americans? MSM and the majority of zombies in our country are blinded by their own ignorance. Instead of studying and listening to the people and policies that have been proven correct, we continue to explore flawed policies. Until the Constitution is considered conventional again by Americans, we are doomed.
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31st August 2011 at 11:57 am
Centerfield says:
Hubbard must die. DeMarco is the unsung hero here…the verbial little Dutch boy with his finger in the dyke.
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31st August 2011 at 12:01 pm
Administrator says:
THE COST CUTTER EXTRAORDINAIRE:
Obama says will push for new infrastructure plans
By Greg Robb
WASHINGTON (MarketWatch) — President Barack Obama on Wednesday said he wanted to have a “serious conversation” with Congress next month about funding key infrastructure projects. “It is unacceptable when countries like China are building high-speed rail networks and gleaming new airports while more than a million construction workers who could be doing the same thing are unemployed right here in America,” Obama said in short remarks in the Rose Garden. Obama said he has asked federal agencies to indentify key projects that have already been funded and could be speeded-up. Obama also called on Congress to extend a measure that funds highway construction projects by means of an existing tax on gasoline. That measure could expire at the end of September without Congressional action. A similar measure to fund airport construction also needs to be extended.
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31st August 2011 at 12:10 pm
Stucky says:
Jim, I thought you were not against strategic default? Please clarify … and forgive me if I’m incorrect.
From the article ——- “Millions of homeowners who owe significantly more than their homes are worth currently can’t refinance, but could be permitted to use such a program to refinance …”
So, wait a minute … they plan on financing UNDERWATER properties?????
Bull-fucking-shit. I don’t make predictions often but ……. it will NEVER happen. Here’s why.
All these government mortgage bailout programs do NOT DICTATE to the lender mortgage underwriting guidelines. They are all voluntary. All of ‘em.
Remember HAMP (Home Afforable Modification Program)? It was touted to help nine million homeowners. A law was passed! How many has it helped? I’ve seen ranges from 300,000 to 600,000. (Not sure why nobody can give a definitive number.) At any rate, it has failed miserably. And that’s because it’s ALL voluntary participation by the lender. Not only that, but the qualification guidelines imposed by the banks to actually get a modification … well, it’s tougher than getting an actual mortgage.
Of course Nazi Obama could impose anything he wants. But, realistically, I have a hard time envisioning under what circumstances the Feds can force a lender to underwrite underwater mortgages.
All of these bullshit mortgage programs are, I believe, are just for show.
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31st August 2011 at 12:32 pm
Administrator says:
Stuck
If a deadbeat doesn’t pay their mortgage, they lose the house and the bank writes-off the loan. Simple. It’s a legal contract. The law dictates what should happen.
The banks and home occupiers are disregarding the law because it will force both to accept the consequences of their actions.
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31st August 2011 at 12:50 pm
AWD says:
Somewhat related. S&P does it again:
S&P Rates Subprime Mortgages Higher Than U.S.
Standard & Poor’s is giving a higher rating to securities backed by subprime home loans, the same type of investments that led to the worst financial crisis since the Great Depression, than it assigns the U.S. government.
S&P is poised to provide AAA grades to 59 percent of Springleaf Mortgage Loan Trust 2011-1, a set of bonds tied to $497 million lent to homeowners with below-average credit scores and almost no equity in their properties. New York-based S&P stripped the U.S. of its top rank on Aug. 5, saying Washington politics were making the country less creditworthy.
http://finance.yahoo.com/news/SampP-Rates-Subprime-bloomberg-1790233405.html?x=0&sec=topStories&pos=4&asset=&ccode=
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31st August 2011 at 1:07 pm
AWD says:
Don’t believe the bullshit. This back-door stimulus isn’t designed to help deadbeat homeowners. It’s designed to help the banks and financial industry. Obama is using your tax dollars for this program, and in turn, is getting tens of millions in campaign contributions. To restate, your tax dollars spent for him to gain campaign funds. Read on:
“Bundlers are people with friends in high places who, after bumping against personal contribution limits, turn to those friends, associates, and, well, anyone who’s willing to give, and deliver the checks to the candidate in one big “bundle.”
Even though these donors direct more money to the candidates than anyone else, disclosure can be spotty, candidates generally release bundlers by ranges of fundraising, indicated in this chart with the “max” and “min” columns, and with the top ranges being simply “$500,000 or more.”
“Together, 244 elites are directing at least $34,950,000 for Obama’s re-election efforts — money that has gone into the coffers of his campaign as well as the Democratic National Committee..”
Top economic sectors of Obama bundlers:
Finance: $11.8 million
Law lobby: $6.9 million
Misc. business: $5.2 million
Top Industries of Obama Bundlers, amount, and number of bundlers:
Securities & Investment $7,200,000 44
Lawyers/Law Firms $6,100,000 54
Business Services $3,900,000 22
Real Estate $2,300,000 15
TV/Movies/Music $2,100,000 10
Financial firms, banks, securities and investment companies are the largest contributors to Obama, followed closely by lawyers. They own our President, and he will stop at nothing to kiss their ass. So, when you hear about Obama’s concern for destitute, deadbeat homeowners, remember who his master’s are, the banks that are going to get all the “backdoor stimulus.” Don’t be fooled, he’s using our tax dollars to grease the wheels and get tens of million in campaign contributions.
If you want to get even more angry, look at the individual top bundlers below. They are money collectors for Obama, and channel funds to him.
Katzenberg, Jeffrey DreamWorks SKG $1,864,192
Cohen, David and Rhonda Comcast Corp $907,131
Corzine, Jon MF Global $881,232
Effron, Blair Centerview Partners $826,137
Stetson, Jane Democratic National Cmte $814,848
Gilbert, Mark and Nancy Barclays Capital $537,205
Kempner, Michael MWW Group $471,050
Tobias, Andrew Democratic National Cmte $423,057
Rudy, Kirk Endeavor Real Estate $374,793
Green, Steven Greenstreet Partner $244,000
Kramer, Orin Boston Provident $243,180
http://www.opensecrets.org/pres12/bundlers.php?id=N00009638
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31st August 2011 at 1:33 pm
Smokey says:
I watched a television interview with a couple about a year ago who were upside down on their mortgage. They were explaining why they had decided to no longer make payments.
The shrill bitch wife kept saying, as if the interviewer was a three year old child, “IT MAKES NO SENSE, IT MAKES NO SENSE” (to keep paying the mortgage).
But it would have made a lot of sense if their property had continued to appreciate rapidly. They would have regarded themselves as shrewd, responsible consumers participating in the growth of the free market.
The VAST majority of the people who no longer pay their mortgage obligation, even though they can still afford it, are the same people who thought for years that they were some kind of real estate geniuses, as they repeatedly sucked equity out of their homes. Equity from fake house values, compliments of Alan Greenspan, who has yet to accept responsibility for FUCKING this country up the ass.
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31st August 2011 at 1:39 pm
Administrator says:
Smokey
This chart describes those morons. Over $3 trillion of equity was withdrawn and spent on shit.
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31st August 2011 at 1:49 pm
AWD says:
“Obama wants to reward the people who made bad decisions at the expense of the people who made good decisions”
God helps those that helps themselves; Obama and government help everybody else.”
Bad decisions:
Not working (rewarded)
Destroying your health (rewarded)
Having children out of wedlock (rewarded)
Not paying the mortgage (rewarded)
Not getting an education/dropping out of school (rewarded)
Spending every dime you get (rewarded; yippee I look rich)
Good decisions:
Working (penalized; taxes, 1/3 of your income)
Maintaining your health (eh..)
Waiting to have children until your married/can support them (penalized)
Paying your mortgage (expensive, some tax breaks, unlimited debt)
Getting an education (penalized, unlimited student loan debt)
Saving money (penalized, near-zero return on savings).
Liberal fucking democrats have turned the entire system of common sense and values upside-down. Now that’s progressive….
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31st August 2011 at 1:52 pm
Smokey says:
Administrator,
Terrific chart. I had never seen it graphically displayed like that.
In fact, I’m copying and saving the chart.
And I’ll flat foot guarantee you that LESS THAN ONE PERCENT, of those equity withdrawals, was for meaningful shit—like to help start a business, or to buy precious metals for the long haul.
Nearly all that money was pissed away on vacations, flashy cars, swimming pools and other stupid shit.
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31st August 2011 at 2:00 pm
Stucky says:
Go ahead and default!
Ruin your credit for a long time. Oh, you don’t plan on needing credit for a long time? That’s probably bullshit. But, don’t forget, more and more employers look at credit reports … and don’t hire deadbeats.
Minimum of 5 years till you can buy another home. Oh, you can wait 5 years? Well, that’s a MINIMUM. There is no guarantee whatsoever that a lender will give you a mortgage after five years. In fact, unless your credit has been damn near perfect during the five year exclusionary period — you probably won’t get a mortgage.
Depending on your state and the type of mortgage bill collectors can harass your ass for years! The IRS can also exact their pound of flesh from you.
So, go ahead, default on purpose. You’ll make someone’s day.
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31st August 2011 at 2:02 pm
Administrator says:
Smokey
They could have done something worthwhile with those withdrawals like donating it to TBP.
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31st August 2011 at 2:13 pm
Administrator says:
Stuck
Does defaulting really hurt your ability to get credit like it used to? I wonder.
When I see all the newer model cars parked in West Philly in front of hovels, I wonder who would give these people a car loan.
Someone is giving high risk people loans.
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31st August 2011 at 2:15 pm
DavosSherman says:
Tragicomedy.
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31st August 2011 at 2:19 pm
Stucky says:
Jim,
I cannot speak for getting credit approved for anything other than another home.
In that regard, a default is a serious blight, even five years later. Two things for your readers to consider if you want to buy a home after a foreclosure or BK.
1) You WILL have to explain the default.
The bank isn’t just going to say, “Oh, five years have passed. No problem.” HA! They will ask questions surrounding the circumstances of the default. And the smart banks will VERIFY your story. In other words, the lender will be able to figure out if you defaulted for reasons beyond your control … or, if you just walked away from the mortgage. If it’s the latter, I seriously doubt that person will get approved that quickly. They may need to wait a few more years. (Caveat: Obviously, I don’t know what guidelines will be 5 years from now. But my scenario holds true today.)
.
2) You MUST have a damn near perfect credit history after the default.
I was trying to get a mortgage for a lady in PA who had a Chapter 7 BK three years prior. (That was the Fannie Mae guideline at the time.) But, she had one very very minor late payment. A fuckin Verizon phone bill for under $100. Everything else was perfect. I tried to get approved with 7 or 8 lenders. Not a single one would approve it. Bottom Line: They allow zero fuckups after a big fuckup. Zero.
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31st August 2011 at 2:30 pm
Administrator says:
OBAMA’S GIFT TO RAHM
HUD gives Chicago $30.5M for development
By David B. Wilkerson
CHICAGO (MarketWatch) — U.S. Housing and Urban Development (HUD) will award Chicago $30.5 million to redevelop the Woodlawn neighborhood on the city’s south side. The grant is part of HUD’s Choice Neighborhoods Initiative, a plan to bring affordable housing, safer streets and better schools to distressed neighborhoods. Under the program, Boston, New Orleans, San Francisco, Seattle and Chicago have received a total of $122 million.
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31st August 2011 at 2:34 pm
AWD says:
Admin:
“$3 trillion of equity was withdrawn and spent on shit.”
I wonder what percent of GDP that provided our “recovering economy”?
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31st August 2011 at 2:37 pm
matt says:
No one bailed me out of my underwater morgtgage, I didn’t even bother asking. I sold my house at a loss, took a beating and moved on. I am in no mood to float anyone else’s heartbreak. My credit is still intact and I have been saving up for my next purchase. What lesson does it teach your children if you stop paying your bills? What kind of fuckwit can sleep at night in a house they don’t make payments on? Next step for me are passports for the whole clan, it won’t take alot more of this bullshit to consider distant shores.
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31st August 2011 at 2:41 pm
Administrator says:
AWD
John Mauldin was writing about this years ago
http://www.businessinsider.com/henry-blodget-americas-2009-4
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31st August 2011 at 2:49 pm
Stucky says:
Anectdotal observation from one source, me.
AWD
Of all the cash-out refi’s I’ve done I would say at least 90% were to pay off other debt. Mostly credit cards, cars, or student loans.
The majority of the rest was used to start or enhance a business.
A very small percentage used it for other shit. One family — out of hundreds — used the money to build a swimming pool. One guy bought a small airplane. A few of them used it to buy cars. I don’t know of anyone who used it to go on vacation, buy jewelery, etc. I’m sure it happens but I think those are exceptions to the rule.
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31st August 2011 at 2:50 pm
Administrator says:
matt
Wait until you see what those Federal government cocksuckers charge you to get passports. It cost me $700 to get them for the family last year.
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31st August 2011 at 2:52 pm
AWD says:
Stucky:
I like the story line they spent it on McPools, McAdditions, McPlasma T.V.s, McSUVs, McGranite tops, McVacations, and McBMW’s from not paying on their McMansions.
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31st August 2011 at 2:58 pm
Dave says:
“That may be difficult, regulatory onlookers say, because FHFA’s acting chief Edward DeMarco has sought to limit costs of the two firms to taxpayers and that such a program would likely hike taxpayer expenditures.”
Newspaper Headline November 2011….”Edward DeMarco found dead of self-inflicted gunshot wound to back of head, in Rock Creek park.
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31st August 2011 at 2:59 pm
Administrator says:
AWD
That GDP chart confirms that the morons spent it on shit. Stuck must have only dealt with upstanding citizens.
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31st August 2011 at 3:02 pm
Centerfield says:
Will the graphic at the top make the Friday Fail column for the creator’s inability to spellcheck “troubled?” lol
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31st August 2011 at 3:15 pm
Stucky says:
Just to be clear, there is a place on the mortgage application form to record the reason for the cashout. I am merely relaying what was told to me.
A homeowner can tell me they’re going to pay off their credit cards, and then buy a gold watch instead. There is no way of knowing. The cash-out reason was actually verified in probably only 5% of the cases, and only then due to special circumstances.
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31st August 2011 at 3:22 pm
SSS says:
“Of all the cash-out refi’s I’ve done I would say at least 90% were to pay off other debt. Mostly credit cards, cars, or student loans.”
—-Stucky
But, but, if the refi’s were taken out to pay off credit card debt, who’s to say what that credit card debt was all about. Did anyone in the refi business actually analyze WHAT was purchased with those credit cards? Or is that impermissible? Depending on your credit card limits, you CAN pay off an expensive vacation or a 900-foot HDTV with a credit card.
I think Admin, Smokey and AWD are on the right track. Most of those home equity withdrawals was spent on shit people didn’t really need, but just had to have.
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31st August 2011 at 3:53 pm
Administrator says:
SSS
How was your vacation from your vacation?
If the morons were taking home equity withdrawals and paying off credit cards, then the credit card debt outstanding would have went down. It was soaring in the 2003 to 2007 period.
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31st August 2011 at 4:04 pm
SSS says:
Admin
Too friggin hot up in the Pacific Northwest. Mostly in the high 80s, low 90s during the day, but nice and comfortably cool after sunset. Spent 2 days at Waterton National Park in Alberta, 2 days at Glacier National Park, and 2 days in Idaho, and the highs during the day were around 88-90 when they should have been in the low to mid-70s.
NOW, the temps are back to normal up there. Bad timing. Anyway, it was worth it. Spectacular scenery and hiking in Alberta, northwestern Montana, and northern Idaho. Grizzly bear warning signs all over the place, and we didn’t see one single bear the whole trip. Just as well, because another hiker just got killed by a grizzly in Yellowstone, where we did see a bunch of bears, including a grizzly, this past June.
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31st August 2011 at 4:28 pm
Stucky says:
You’re absolutely correct sss. If the credit card was used to finance a $5,000 vacation, and then the homeowner uses cashout to pay off the credit, then INDIRECTLY the cashout financed the vacation. In my example, I was talking about what people supposedly did with the cashout directly.
“Did anyone in the refi business actually analyze WHAT was purchased with those credit cards?”
Bwahahhahaha! LMAO. Good one! Fuckin hilarious.
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31st August 2011 at 4:35 pm
Stucky says:
Is Obama smarter than a 5th grader? Read and judge for yourself. Keep in mind this is a Harvard student.
==================================================
I would therefore agree with the suggestion that in the future, our concern in this area ia [sic] most appropriately directed at any employer who would even insinuate that someone with Mr. Chen’s extraordinary record of academic success might be somehow unqualified for work in a corporate law firm, or that such success might be somehow undeserved. Such attributes speak less to the merits or problems of affirmative action policies, and more to the tragically deep-rooted ignorance and bias that exists in the legal community and our society at large.
Barack Obama
President, Harvard Law Review
Published November 16, 1990
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31st August 2011 at 5:56 pm
Stucky says:
Cute.
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31st August 2011 at 6:01 pm
llpoh says:
Damn, Admin You want TBP to actually turn a fucking profit instead of being a black hole akin to a boat, don’t you? You should put up a video hawking steak knives and vegetable peelers. “But wait, there’s more! With every steak knife you get a three month subscription to Libertarian Today!” “And today only, the first 25 buyers get an autographed photo of Ron Paul!”
Come on, you know you want to. Make that video, I’ll buy something.
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31st August 2011 at 9:32 pm
Administrator says:
llpoh
I don’t need more euros. Next time, send me Yuan.
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31st August 2011 at 9:57 pm
Oklahoma Dan says:
Hey Admin,
You asked me several days ago for my thoughts, well here you go.
“If it keeps on raining, the levee’s going to break, and when the levee breaks we’ll have no place to go.”
It will take something much, much, much bigger than an election to get rid of them. Their weakness is money, and when that is gone, they will be gone also. Everything around me seems banal and wasted; the pitiful scurrying about trying to collect the paper, or digital, or plastic money to buy the junk from China is utterly misguided. Contradiction reigns!!
They are trying to shore up and cobble together a flooding dam, but the dam is cracked all the way through the foundation. You can keep piling on sand bags to the top, but the bottom of the dam, is underwater, unseen by most, and completely busted wide open and flooding more each second.
At this point it would not take much at all to tumble the system; one big bank failure would do it. To top that off there are at least another dozen calamities on the way. This entitlement society currently being lived by most of the people including the ones I know here in town, is a ticking hydrogen bomb, it can NOT be fucking sustained for much longer, and when it goes hell will follow. I hate what this country has become; all the humans I encounter are stupid ignorant and brainwashed. They live in this hologram world provided to them nearly free of charge. No matter how poor you are, you have cars, TV’s, satellite dishes, cell phones and all the other trappings of this pointless existence. It is time for all the children to grow up, and they will either grow up or die, when the storm hits. Human kind has had it too soft for too long. Instead of trying to at least fix something, we choose instead to hide from any kind of adversity and reality. We go through the motions but there is no substance in this land of money whores, this land of greed, and the greedy will soon be punished. It is inevitable. Myself, I no longer see the point, I hate going through the motions, I despise the sick glow of digitized images and networked phones that bring only misery and expense. I loathe the advertisements that choke every part of our existence. I loathe the idiot greedy fucks I encounter wherever I go, always trying to hunt up a way of getting something for nothing from you. Though they outwardly profess to be a “Friend” there is no doubt that at a drop of a hat, they would kill you for what you have. I yearn for a simpler life that does not revolve around the trite concept of accumulating more junk. From what I have seen of my fellow countrymen, I can say without a doubt, that when the crunch arrives it will also be signaling the apocalypse. The next stage of evolution is coming into view, the fourth turning theory is proving correct.
There has been a dangerous unpredictability these last weeks, although all is well and on the up at the moment. The unpredictability is a new paradigm for me, and this doubt is causing me fear. My original assessment of 2 to 3 more years has had shadow cast upon it. It may yet hold true, but the possibility of it collapsing within the next couple months is becoming more real, almost tangible. All these funny little coincidences seem too convenient, it has been manipulated from the start I know, but are the dark lords doing this on purpose, or are the dark lords losing control?
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31st August 2011 at 12:11 am
Opinionated Bloviator says:
Kick the can, bailout, kick the can harder, bailout even more, change your getting…
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31st August 2011 at 1:03 am
AKAnon says:
At least one schmuck extracted home equity via a refi to cash out his ex’s share in accumulated assets during the marriage. Alas, if I had waited, the assets might have been less to cash out.
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31st August 2011 at 2:59 am
Administrator says:
Oklahoma Dan
You have a gift. I think the dark lords are losing control.
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31st August 2011 at 7:44 am