The biggest ponzi scheme the world has ever seen just keeps right on spiralling downward. This BBC article attributes the problem to “as the cold weather discouraged buyers”.

I mean, really! It will all go away as soon as we hit a warm spell? Wow, that is just so comforting to know! Now I feel better and can finally pull my head out of the sand.

Where do these idiots come up with this stuff and where are the editors? They must be heavily invested themselves to spit out this kind of rubbish and must be trying to prop up the market.

Perhaps they have forgotten all the unsold inventory that is still on the books? One must ask what type of idiots would be building new when they can’t sell the existing?

But back to the weather issue… that’s a good one. So the reason for the nationalization of Fannie Mae and Freddie Mac was because of a cold spell? Gee, for a while there, I was thinking depreciating prices might be causing it as who wants to buy something that I could buy tomorrow for less?

The bubble was great on the way up but getting squeezed on the wrong side of leverage is catastrophic for most. This is the first time we get to see that devastation and the idea that we will return to another bubble is far from most people’s minds.

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In my recent blog post “Evidence Our Money System Is A Ponzi Scheme!” I mention a NY POST article that lists Great Britain as the US’s third highest lender.

Well, here are a just a few days later and we have the BBC writing this article about how the Brits have to reign in their deficit spending.

Again, how and/or why would a nation on the brink of economic colapse be lending money to another country? It makes absolutely no sense unless, of course, it is in-fact a Ponzi or check kiting scheme and all the Western countries are just passing rubber (phoney) checks.

Open the two article side by side and compare them.

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Each new generation gets a bigger and bigger list of crazy things previous generations believed with which to boost their own egos. Will the idea that we can “print money out of thin air” as the entire western world claims to be able to do today be looked at by future generations as one among the list in the title? Time will tell.

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I write this blog out of an ever growing cynicism and sometime flabbergasted realization of how this country’s and the world’s economies have been total screwed up for such a long time.

The posts I tend to make reflect that cynicism and that fact, combined with the new wordpress theme I am using (by devolux) that pulls posts randomly to fill the block above may provide some startling introductions to BungeeBones.

But I believe we live in some serious econmic times. I believe I’ve faced the truth that we have been lied to by our government, teachers, parents and we have even lied to our selves. And while many of the things I write about are controversial (and as some may say “opinionated”) and while it is often not considered prudent to talk about things like that as part of business, i don’t believe one should leave their ethics outside the door when they enter the business world.

At the heart of BungeeBones, I’m asking web site owners to trust me with their web traffic. If they are going to do that they are entitled to know me (warts, thistles, thorns and all). It’s pretty hard to hide when you are blogging about what you see going on around you on a regular basis.

At the root of the economic problems of our nation and the entire western world, I believe, is the fact no one (except the Almighty Himself) can print money out of thin air. But the entire Western world has followed a path that claims such is possible. We (the people) may have been as gullible as the proverbial Ginger Bread Man and we are now on the fox’s back and are now way out in the middle of the stream. In fact, I think we are on top of the fox’s head ready to be tossed in the air for that one final event (being devoured). But many, too, have gone along willingly and enjoying the ride while it lasts.

I blog about quite a few things including economics, gold, silver, survivalist issues, minimalism (getting by with less), the real estate collapse, corruption in the real estate industry, religion, current events, etc.. I’ve been asked many times where I get these “crazy” ideas. Well, I’ll let you read some of them for yourself and let you decide how crazy they are before I answer that. On a lighter note I’ve started studying guitar in a very unconventional manner and have a thread about that. Enjoy!

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