Nohing Under the Sun is Too Big to Fail

That's right. I'll say it right here. There is nothing under the sun that's too big to fail. Whenever I hear "Their just too big to fail" as an excuse for tossing the rule book and bailing out a big business or industry, I get really, really pissed. There's nothing under the sun, probably nothing in the Universe, that's too big to fail. I remember another old adage: "the bigger they are, the harder they fall." We are only delaying the inevitable. Oh, BTW, Oil saw it's largest one day gain since the '80s.

Are You a Conservative?

"What Is Conservatism and What Is Wrong with It?" This speaks nicely to the crux of the issue. Not the issue of Peak Oil. Peak Oil is a foregone conclusion. The issue is how we deal with Peak Oil.

Know thine enemy. Or at least know thine adversary. Republicans and NeoCons. They remind me of the seagulls in "Finding Nemo" via "The Sideshow".

And Factor X is What Threatens the United States the Most

The DOW is down almost 1000 points in three days. As always, "Oil, Smoke and Mirrors" predicted this two years ago.

Colin Campbell: "They're going to have to wipe out just mountains of capital"

Well, maybe not wipe out. Perhaps replace with taxpayer money would be better phraseology. But where will those taxpayer dollars come from? The wealth has accumulated at the top.

Chris Sanders: "And this is where Peak Oil comes in because the implication of Peak Oil is that oil prices are going to become more volatile, and that the average price of oil is going to remain structurally higher than it has been in decades. And if that happens then the economic value securing the American debt structure has got to be valued downwards by some factor...let's call it Factor X. And Factor X is the thing that threatens the United States most."

The economic value securing the American debt structure is collapsing, so the American debt structure is no longer secure.

The U.S. Government is throwing good money after bad in an attempt to keep the illusion going that an economy based purely on consumerism in light of declining energy can continue. Bush and his administration will be lucky if they aren't lynched soon.

They're going to have to wipe out just mountains of capital

From "Oil, Smoke and Mirrors":

Colin Campbell: "They're going to have to wipe out just mountains of capital."

The latest on Fannie May and Freddie Mac:

Mort Zuckerman: “We still don’t know where the bottom is”

Overwhelmed by the Options

Well, the price of oil and therefore gasoline has gone down since my last post. From $4.00 a gallon to $3.50. I'm curious to see how long it lasts. Of course the economy continues to sour, the unemployment rate went up to 6.1%, food prices continue to rise, and housing foreclosures/delinquencies continue to soar. I'm amazed the DOW is able to stay above 11000. With that kind of demand destruction I'm expecting the price of oil and gasoline to decline. But like the housing market, who among the rank and file give a shit if prices go down if you haven't got a job. I have a job thanks to the all these foreclosures, and the company I work for is hiring like gangbusters. I wonder what the Zeitgeist of the US will feel like when we've all become asset managers, debt collection specialists, or medical technicians. Debt and Death. The growth industries of the future.