OMG! WTF! (LOL... its bette than crying)

I ask you:  Now what is Bernake and his Fed gonna do? Better yet, what fiscal policy bullets(remember, the Fed controls Monetary policy, Congress controls Fiscal policy) does the Federal Government have left?  Someone has to report the death of a loved one to the loved ones.  I am hear to tell you that, loved or not, the current system is a dead man walking.  Won't be long now till we are out gravestone shopping, and picking out a dark suit.

The U.S., as presently constituted in economic terms, simply cannot survive $140+ per barrel Oil.  Only dreamers, jerk offs, Wall Street, Hollywood, and Newt Gingrich will argue the point.  

But this is not a Court of Law.  This is reality.  What was it Ayn Rand said so brilliantly? 

"We can evade reality, but we cannot evade the consequences of evading reality."

The consequences are here, and they are pissed off.  This is not an argument that can be won, nor a jury to be hung.  Either the U.S. changes drastically, or it will collapse.

Since I think there is ZERO chance of an outright collapse, then some BIG changes are coming.  Others might argue that these changes represent collapse.  They would come under the above mentioned "jerk offs".

Yes, the U.S. currency will lose a GREAT DEAL of its purchasing power, and no, the currency will not go to zero.  The government will still require that taxes be paid in U.S. $'s and will put people in jail if they do not comply.  This is just one of the fun things governments do to support their currency - especially paper currency, or in our case computer byte currency.

So what will the adjustments be?  Will we evolve... or devolve?  What about you?  Will you wait for the government to bail you out?  Or will you take care of business on your own?  Have we lost the ability to truly provide for ourselves?  This is going to prove to be a fascinating time to be alive, if you have some stones and a sense of humor.  

I want to get off of housing and the U.S. dollar for a moment and bring you back to the realities of food and warmth (shelter).  

I have written in several previous posts that, in my opinion, during the next cold winter the U.S. will experience thousands of deaths due to hypothermia because the victim could not afford to heat their home.

As the famous "Tip" O'Neal famously quipped - "All politics is local."  The political fallout of burying old folks who simply did not get out of a cold bed and subsequently died will be earth shattering - and yet will be NOTHING when compared to insufficient food supplies.  

The U.S. is more concerned with making sure we have enough OIL, hence the Strategic Petroleum Reserve, than enough food.  The U.S. does not have enough food inventories to feed our population if a significant crop failure or animal disease strikes - but we have stored plenty of Oil.  Does this make any sense to you?  Further, the U.S. USED to have a the equivalent of the SPR for food - it was called the Farmer Owned Reserve - but we got rid of it.  If you think Republican G.W. Bush is a bonehead, guess which Administration decided that food was not important enough to maintain a reserve?  Democrat William Jefferson Clinton.  And he of "Man of the People" fame... go figure.

Yours for a better world,

Mentat (at) yahoo (d0t) com