THE LAST AMERICAN CHRISTMAS

Stock Market run-ups of recent seem suspiciously certain to garner much coveted year-end bonuses for the desperate soldiers of financial fraudulence as the Federal Reserve stands poised to ante-up a rate cut dispelling any real concern for Uncle Sam's greenback as the mangled credit-driven Last American Christmas waits with the ghost of Norman Rockwell in the darkness on the edge of town-- The dollar continues to lead with its chin absorbing the multiple punches world-wide disrespect delivers in such harshly unsentimental combinations while the unfeasible canards of the White House Plan to rescue the downtrodden victims of sub-prime mortgage finance-fraud give off the Clintonesque stench of just another artless photo-op--

Suspect numbers from government agencies, economic houses and statistical organizations paint a truly astounding picture of an economy firing on all cylinders except for the multiple millions of homeowners caught in the crossfire of home foreclosure and seriously ramped up costs of necessities like oil and food-- The multiple hundreds of thousands of construction workers no longer needed to over-build unwanted and unneeded houses-- Obviously minor glitches in the economic utopia Nafta was going to bestow upon the average american worker once the steel mills and textile mills were all outsourced-- Once the unions were devolved into the smoking ruins of an anachronistic labor movement-- Once Glass-Steagall was repealed by the good Clinton folks who after once being endorsed by the likes of Pete Seeger, sold out his own friends and family, his own party,the american worker, and the entire republic to international financiers with abhorrent criminal intent--

As the dollar staggers under the weight of unflinching insolvency and import costs rise for the lowly wage-earner, the numbers fantasia out of DC and Wall Street point to US exports as the new fictive engine that will drive us out of the potential grips of depression, recession, or retread stagflation-- Hollywood DVDs, dreamwork CD's and computer software will save the day and, voila!!, the US will regain its manufacturing and economic supremacy and the respect that engenders overnight-- The price of oil will fall of its own generosity and the discovery of mega-new supplies will segue into Ray Charles' version of 'Oh beautiful.....'-- Yeah, that'll work-- The collaborative media will make it work-- Build it with cyber-dollars and they will come--

BOMBSHELLs

Whoa!!! The National Intelligence Estimate now claims Iran stopped working on atomic weapons programs in 2003-- Pardon me, but its almost 2008-- Did it actually take that long to discover??-- The UN today claims the US report actually vindicated Iran and Ahmadinejad and the Mullahs and everyone else with any skin in this game save Israel which, seemingly craving its addiction to the formation of extant existential enemies everywhere, denounced the estimate as somewhere between fraudulence and science fiction-- The Neocons, hyperbole aside, are aghast with the suddenness of the report's release and what the ramifications will do to the PNAC delusion of reclaiming the moral high ground by bombing Iran--

Is this actually Mr. Bush caving into the demoralization of obvious defeat in Iraq and signaling to the world that bombing Iran is no longer a non-criminal pre-emptive option??-- Last week the administration quietly acknowledged that passage of the much-delayed oil bill shrewdly quagmired in the intransigent Iraqi parliament by, unlike our astute and mega-competent legislators, inept and unskilled political rubes who could not see the private personal benefits to the abject selling out of its own people, would no longer be official US strategery nor would re-re-unification of the country and its seriously war weary denizens-- No new strategery was announced in the DC environs to take the place of these cast-off primary objectives--

What seems to be the latest US rationale for continuing its dynamically losing propositions there??-- Turkey continues to rattle its sabers at the increasingly independent and defiant Kurds who still claim squatters' rights to the oil reserves below its territorial imperatives-- Is Kurdistan a de facto state now that Iraqi unification merits such newly emblazoned disrespect of suddenly admissible real politik??-- Calming the Turks military probes of Kurdish PKK positions in order to prevent world oil prices from ratcheting further skyward appears to have been a very taxing effort on the part of the Bush administration-- Has it drained so much wind from the US foreign policy sails that the Neocon boys are absolutely bereft of any inventive rationale for remaining in Iraq??-- What is the primary objective......now!!???-- What is the raison detre????--

Another body blow-- OPEC just announced that it would NOT increase oil production thereby not allowing oil prices to fall further as the original rumor must have intended-- Most idiots could see that increasing production (if, and it is a big IF, OPEC is physically capable of increasing oil production at all) would only serve to devalue a commodity already suffering from the diminished dollar-- Oil prices dropped over the last two weeks anticipating the production increase which now won't happen-- Was it ever going to happen??-- Not much chagrin across the oil blogosphere at the OPEC announcement suggests few if any took the rumor seriously except for its manipulative value which quite obviously carries a heavy-sour magnitude-- Shorts made their profit and now its the longs turn-- T Boone Pickens' prediction of $100/barrel before year's end may still be validated--

If OPEC member states find hoarding their oil to be a more practical (and most certainly profitable)option, in deference to local politics, then oil prices cannot fail in their march upward-- US consumers can only lament the continued devaluation of their buying power-- A carton of 18 eggs has almost doubled in the last 6 months but that continues to be excluded from the eccentric calibrations used to conjure up phony CPI ratios thereby elevating the canard of no inflation to mythical proportions-- Reports abound of commuters putting anywhere from $30 to $60 worth of gasoline into their vehicles every other day--The housing sector sits immobilized as prices continue to drop but, hey, the administration readies a plan for a scenario it can't even comprehend much less abate-- Cheese sandwiches have devolved into Peanut Butter on day old bread-- No jam!!--

Onlyyyyyyy........20-more-water-logged-shopp..........ing days until Christmas but my wish remains unchanged-- A sunny day!!!!!