Sometimes Rush Should STFU.

Sometimes Rush Limbaugh is entertaining. Sometimes he is really stupid. When he starts blathering about the wonderful economy he shows how dumb he can be. His basis is the stock market. Look up the stock market of Zimbabwe. It is doing great while the population of the country is starving or just getting by eating rats. Inflation is out of control, though the President there says he will print more money (sounds a lot like Bernanke). So, the lesson here is that the stock market, particularly the Dow, is not a proper gauge of the economy as a whole.

Inflation is alive and well in the Kwa. Some experts say that we need to add at least 9% to any fedgov figures released. Your grocery shopping should tell you that although some food prices have also increased due to corn being used for ethanol. Look at how many foods have some kind of corn syrup in them. The best gauge, I think, for inflation is to look at gold prices. They accurately reflect how worthless the dollar is.

Housing is a major factor. Real estate folks and sellers have not faced reality in western NC yet but they will. I recommend http://housingpanic.blogspot.com/
and http://icantsellmyhouse.blogspot.com/
as two. There are many others out there. Home prices have far outstripped income to buy them. Just how many buyers do local builders and sellers think they can entice from Michigan or New York? I leave Florida out on purpose because they finally announced that they are in a recession. The Florida real estate market is on its last legs. Orange Co, California is looking at price drops of 50% in real estate. HMMMM, I guess all of those folks using equity as a way to buy a boat, remodeling or a plasma tv are all in for a surprise when they owe more than their home is worth.

Real estate is a market. It can go up and it can go down. When an agent says that 'it can only go up' then it is time to find a new, sensible agent. That might be hard since most agents have been on the job for five years or less and don't recall lean times.

So, housing is driving the stock market down. Phoenix, one example, has over 56K homes on the market. A ten month supply of inventory for that market. You don't need to be a rocket scientist to see what is going to happen. Those that assume that western North Carolina's retirement mecca status makes it immune from market conditions are going to be in for a surprise. Those retirees have their funds invested in paper on Wall Street which is taking a beating because of housing. They also are going to have problems selling their homes.

The idiots on Talmudvision said over and over 'booyah' and that it was restricted to subprime had no idea what they were talking about. The contagion has spread to Alt A and even to prime borrowers.

The future? I predicted many years ago that Henderson County would be divided between the Kenmure types and the slums for the mexicans that they hire to cut their grass and cook their steaks or Big Macs. Many, many years hence, those mexicans will be able to move several families into those palatial Kenmure homes. When you can get twenty mestizos into a singlewide mobile home, just think of what they can do with 3000+ square feet!

Okay, there are lots of links here for those that want to read the bad news. If you are spending money on new cars and plasma tvs then you are not smart. Buy food. Lots of food. Diamond Brand in Arden has a good selection of freeze dried food and the grocery stores have plenty of dried beans, rice and canned goods. If you don't know how to can your own stuff then learn. I did. I recommend the Ball Blue Book of Canning. I also recommend survival blog, Steve Quayle's site, Frugal Squirrel and other sites that can get you pointed in the direction of self sufficiency. You are not a kook if you do so. .gov recommends three days of food and water these days for those of you that believe whatever ZOG says. I would say have a lot more than that. How many days did it take the military to put down the rebellion in New Mogadishu (New Orleans) post Katrina before they bring in food and water?

There are no certainties in the world. Famine, unrest, war and etc. are familiar throughout the world and throughout history. If you think that the Kwa (Amerikwa) is exempt then you live in fantasyland. Live simple. I have had to out of economic necessity and simply don't miss or covet the toys and things that most Kwanians think they have to have to get by. For example, instead of buying a generator to power your home, buy candles (or better, learn to make them) and lanterns and use the extra money to buy more beans and bullets. Also, try and learn a skill if you are a techno worker with no grunt skills. Consider what is needed in a world with no high tech and learn it.

I will have more info on survival and like skills. The powers that be decided long ago that the standard of living in the Kwa had to be lowered and we are seeing it with the mestizo invasion, the markets and the shipping out of manufacturing capacity of the nation. So, we are all going to have to learn to make do with less. That is just the way it is.