Wednesday, June 16, 2010

Thanks BP - Here's Some More Truth

A commentor posted this analysis. It is a very grim, yet insightful view of what has transpired and what is likely to unfold.  Do not believe anything that you hear coming from the perpetrators of this ultimate crime against humanity OR from the Government that is covering up the truth in order to cover its ass.  There is no Golden Truth coming from either Tony Hayward or Barak Obama. Everyone should read this:

We can only hope the race against that eventuality is one we can win, but my assessment I am sad to say is that we will not. The system will collapse or fail substantially before we reach the finish line ahead of the well and the worst is yet to come. Sorry to bring you that news, I know it is grim, but that is the way I see it....I sincerely hope I am wrong.

We need to prepare for the possibility of this blow out sending more oil into the gulf per week then what we already have now, because that is what a collapse of the system will cause. All the collection efforts that have captured oil will be erased in short order. The magnitude of this disaster will increase exponentially by the time we can do anything to halt it and our odds of actually even being able to halt it will go down.

The magnitude and impact of this disaster will eclipse anything we have known in our life times if the worst or even near worst happens...
Here is the link to the whole piece:  Show No Mercy For The Wicked

If you don't live in the South and therefore believe that you are likely safe from the chemically corrosive rainfall that will come with hurricane season (and which is setting up to be a doozy based on the extraordinarily warm water circulating in the Gulf right now), don't get too complacent, because the economy is getting ready to take a big tumble.  Housing starts fell quite a bit more than expected.  This on the heels of the homebuilding sentiment index tanking several points to a near-record low.  With Europe reeling, expect exports to start tanking.  And don't think for a minute that the Gulf situation won't affect GDP.  I expect auto sales to start heading south again.  If someone can explain to me how on earth our economy is going to generate real, organic economic growth, please throw out suggestions.  I'm open to anything.  But in the meantime rest easy knowing that Obama is making rock-solid certain that he prints enough money to keep all public employees at their mostly useless jobs and their pension coffers full.


  1. The statists will throw paper and propaganda at the problem. That's all they know.

  2. Bill Buys BP Bonds

    Bond giant Pimco has begun buying the high-yield debt of battered energy company BP, Pimco CIO Bill Gross told CNBC.

    Yes but which ones and where? Somebody has done their homework.

  3. Probably shorting the shares to give them arbitrage in a receivership.

  4. business is good in my WLA neighborhood and has been all through the great recession
    I operate apartments.
    I have lowered some rents.
    I am fully occupied right now, no vacancies.
    My TV director neighbor is doing very well.
    My friend who owns restaurants is doing very well. All my friends seem fine.
    Things are not that bad.
    I am sure we will muddle through.
    People who borrow too much always get into trouble. Prudent people almost always do well.