Occasional thoughts and deeds of an Engineer
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  • What? Where did the day go?

    Posted on October 14th, 2008 cwmoore No comments

    It started out with the fact that I, CWM, actully slept until 0930 this morning!  I can count late sleeping with both hands and toes.  Anyway, it felt good. 

    About 10:00 I was finished with breakfast, coffee and emails.  Then came the serious stuff – Stock Market, Banks, Bonds and other investment issues.  Man, the market was up again and going through the roof.  SAM and I had discussions about the serious nature of the economy and international buy-in’s.  My main worry was where did our $10K go from Wachovia?  Everyone is getting bailed out and Wells Fargo is offering $00.10 on the dollar from a stock that we paid $50 (aprox) for?  They spend $700 billion of my tax dollars to bail the banks and $25 billion to bail the automotive industry and just where is Wachovia?  They are in the tanks and defunct and I MAY get $7 per share of the 200 shares I had.  Who makes out on this one?  Wells Fargo that is who!  WF is my main bank and has been for 30+ years – they pay me diddly for my saved money and now they steal my stock.  Something is not quite right here.  But, what do you do about it?  Capitulate, give the $ to the rising very upper middle class and rich.  Screw the middle class they were getting too powerful anyway – to think a democracy could run itself without the ariostoracy and Wall Street.  As we said in the 60’s “the times they are a coming”.

     Anyway, I put a buy in for GM at $6.50 just to support the good old USA.  I think I will buy some Ford tomorrow AM for the same reason.  The last of the icons.  I guess I will go down in a blaze of glory and patriotism.  Then, since they have all my retirement $ (via 401K that let the companies off the hook), I will have blown my personal cash from the last 5 years.  Roll the dice – make or break – and I bet craps comes up.  So much for the workers of this country, we are done for and buried – the Irish, Scottish, Germans, Scandinavians and last but not least the English.  The new ones can come only from China, India, Mexico and Eastern block areas. 

    I think Capitalism has failed.  Greed does really have bounds.  The bounds are the peoples of the Earth who will stand only for so much and then the changes start taking place.  What we are seeing is the start of the change.  Where will it lead? 

    The details do not matter but the macro-essence must surely point to a social world where work exists for the pleasure of the people and and not the nations, states, corporations and multi-nationals.  Only in this way can we protect our fragile environment, provide fulfillment to our billions of people and migrate away from greed.

    This period will be the tribulation and we are entering it now.  Whether one looks at it from the macro or micro point of view we have looked at the enemy, seen the enemy and the enemy is integrated within us.  Now  we need to undertake to identify the false Prophets.

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