I was at the grocery store today. I only pay cash now a days since I need to get rid of it quicker then I want to hold it. It always amuses me how I hand a $100 or $50 dollar bill to the clerk and they look at me like I'm a fuckin truck. Yes a truck. Picture a truck in the grocery line. A dodge per se. Then they hold it up to the light, as if they are Bank of Canada experts, turn it around, up side downside and all around, then look at me again, then look at it like its the first time they have seen a paper currency like I'm a crackhead, then put it in the till and say, "thanks." Thanks for what? Do you have any idea how ridiculously embarrassing you look like? Were you trained to detect currency fraud? Fuck.
So many times I have given in and just said its not their fault they dont know any better. SO why DO I KNOW BETTER? Am I some prodigy that just knows this shit? People are equal in one thing in life just one- "TIME" and you cant cheat time. Its what you do with your time that separates you from the sheephouse. You starring at this monitor right now, congrats for spending TIME not watching DWTS, or football, or some other beer drinking mind altering fuckade. I congratulate you- you are different, you are informed, you are powerful.
Canada my friends is on the brink. I cant warn you enough. If you are reading from Florida tonight, would you believe if I told you that in all four corners of my city we have thousands of new homes being build like its free? I dont know who is moving into all these places. My good friend, a very big sheep, just threw down $330,000 for a 1800 sq foot home brand new (we do not live near an ocean, lake, or mountain and our annual snow fall is off the charts). His wife is now pregnant. I went over to see the house and all the lights were off. I said, "dude turn a fuckin light on please I came to see the house.." After turning them on its was like a race to see who could turn them off faster. Then it hit me. These people cant afford the utilities. Later that week my wife told me that XXXX said if he loses his job they have to put the house up. Can imagine if rates go to 10%? Goodnight.
And there you have it folks. People in Florida are probably salivating that someone would pay that much to live in snow, when I could drop $50,000 and buy something double the size 10 min from he beach. If there was an ETF that represented the Canadian housing market, I would short it.
I'm picking on Canada tonight so I'll continue. A good buddy of mine who plays for the Toronto Maple Leafs recently was traded. His real estate agent told him it would be easy to rent his small mansion. Sure. No luck. And it is an increasing trend among NHLer's as well. They cant rent their houses in the GTA area. The last time this happen there was a 25% correction. This time I hope its 50%. I dont mind lakeshore.
The barf train will continue in the metals. Up 5%, down 12%, up 8% down 4%...the longer term trend will be set in between the days of the 22nd and 28th of September where we have several things happening such as Shalom Bernanke printing and the CFTC shuffle to name a couple.
Obama's speech tonight inspired me to get more bullish on PM's as he is clearly part of the agenda of ponzificating the US to death. All you have to do to quell inflation, speculation, and moral hazard is to raise rates. That way your dumb citizens will park their worthless cash in the bank and make 10% doing nothing. A reward for being lazy. Unfortunately, we are wayyyy past that point. Which leads me to a very disturbing realization; my generation will be the first generation in 100 years to do worse than our parents did. Going to school is old news. Working in the factories, nevermind, those are gone. Nothing is left. Just scraps. Not even.
Most Americans and Canadians my age will ask themselves in a few years..."How did it come to this, how do my parents have more than I do? They cant even read..."