Sleep eluded me last night. I was too overcome with anger concerning the
fiasco with the empire's beleaguered postal service (
USPS). So, when I was standing in line to board the Route 6 bus at Ala Moana Center this morning, I was not in the mood to deal with a scraggly sixty-something fool who cut in front of me. The ensuing conversation:
"You in a hurry, buddy? You need to stand in line and wait your turn," I said.
The clown sat on one of the seats at the back of the bus. "Fuck you!" was his reply.
I sat in the seat behind him. "You better respect your elders. I'm older than you," I admonished while cleverly disguising the amusement with my dry wit.
"Older than me? Shit!" A crooked smirk appeared on his weathered and unshaven chimp-like face. He then continued to read a tattered newspaper.
I observed how shabby the fool looked. Unkempt hair, grimy clothes, slobby appearance. Then, I espied the can of cheap brewski crudely being camouflaged by a small paper sack. The asswipe was drunk.
The fool didn't realize that I was alighting at the same bus stop with him. As he hobbled along ahead of me, I caught up and walked right beside him at the same pace. When he stopped, I stopped. I never looked at him or said a word. He took a long circuitous route, and I followed right along. He looked nervous. And rightly so, because I could have dropped him at any time along the one lonely stretch with no other people in sight. No surprise that he didn't mouth off either.
Aside from that, a typical urban nomad kind-of-a-Sunday. Only two brief glimpses of the hottie gym trainer at the gym. Baby was looking mighty fine. I was back at Slob Manor (read: rental housing) by 3pm. No outing this evening. Same ol' shit.
Life in empire has surely "gone to hell in a handbasket," eh? The situation just gets regressively worse, doesn't it? Well, if you don't agree, then you are one of the moneychangers or powers-that-be. Or, you are a "brain dead" citizen of empire.
I've just heard that the Fed has extended its zero interest rate policy (ZIRP) for another year (until late 2014). Why am I not surprised? There will be a similar announcement every year forever. In other words, interest rates are not going to ever rise in my lifetime (or until the damned "system" collapses). I stand by my prediction. The Fed and other central banks appear quite confident that they can take on infinite bad "paper" on their balance sheets with no repercussions whatsoever. In fact, the bad "paper" will remain on those balance sheet forever. And, liquidity will keep increasing just like magic. Voodoo magic.
Surprisingly, there are a lot of rank-and-file peons who are thankful for ZIRP. That's right. Probably a million of them with adjustable rate mortgages (ARMs) on their "McMansions." The five- to seven-year "resets" would be occurring right around now. Why don't they just refinance the dumps? Well, they don't qualify for a new loan. In addition, most of their homes have negative equity. Their only option is default. That's the "bad" paper which the Fed can't purchase outright. Thus, mortgage assistance must come through a more round-about fashion (i.e., ZIRP). Can you see why the "system" must collapse?