Archive for the ‘Uncategorized’ Category

Got some cool Cthulhu mythos stuff for ya

April 10, 2009

I’ve been a fan of Lovecraft’s (and related and inspired by authors) for a while and I cant get enough of it. If you are a fan you know what i’m talking about, from the modern comics, the Video games  (ok so mostly nods to cthulhu mythos stuff but still), and the RPGs. In fact i’m working on a campaign based on the B.P.R.D. of mike mignola fame for my gaming  group.

But as i promised some sweet finds

first a music video remix of it’s beginning to look a lot like Christmas into something far more interesting:

next a few links to some mythos related sites and webcomics

first a comedy webcomic from goomi, some might recognize his art in from a few gaming related places.

http://www.macguff.fr/goomi/unspeakable/vault296.html

next a site devoted to the games and other media inspired by the mythos

http://www.yog-sothoth.com/

a webcomic i just found recently

http://lovecraftismissing.com/

even the oinion is getting in on the fun

http://www.theonion.com/content/news/lovecraftian_school_board_member?utm_source=a-section

thats it for now, probably more later

Political lyrics

April 2, 2009

Anti Flag gives us this one and it pretty well much speaks for itself.

the rising extremeism in US media

April 2, 2009

Just when you thought the US media couldn’t get any lower, any nastier, any more extreme, you are unpleasantly surprised by lines such as in this little gem linked here

yep, bill O’reily the infamous “culture warrior”, proudly stating his allegiance in that war. Not to mention agreeing with pat robertson, yeah that Pat Roberstson. The the homophobic, misogynistic, history revisionist, theocrat.

“If anyone understood what Hindus really believe, there would be no doubt that they have no business administering government policies.”

“How can there be peace when drunkards, drug dealers, communists, atheists, New Age worshippers of Satan, secular humanists, oppressive dictators, greedy money changers, revolutionary assassins, adulterers, and homosexuals are on top?”

“When lawlessness is abroad in the land, the same thing will happen here that happened in Nazi Germany. Many of those people involved with Adolph Hitler were Satanists, many of them were homosexuals–the two things seem to go together.”

“Feminism encourages women to leave their husbands, kill their children, practice witchcraft, destroy capitalism, and become lesbians.”

“Maybe we need a very small nuke thrown off on Foggy Bottom to shake things up.” [Speaking about bombing the State Department]

But then considering bill sounds a lot like him, it really isn’t all that surprising coming from the bigoted, racist, absolutist, blowhard that he is.

“Everybody got it? Dissent, fine; undermining, you’re a traitor. Got it? So, all those clowns over at the liberal radio network, we could incarcerate them immediately. Will you have that done, please? Send over the FBI and just put them in chains, because they, you know, they’re undermining everything and they don’t care, couldn’t care less.”

“I just wish Katrina had only hit the United Nations building, nothing else, just had flooded them out, and I wouldn’t have rescued them.”

“Americans will respect your beliefs if you just keep them private. “

“I’ve been to Africa three times. All right? You can’t bring Western reasoning into the culture. The same way you can’t bring it into fundamental Islam.”

“That’s my advice to all homosexuals, whether they’re in the Boy Scouts, or in the Army or in high school: Shut up, don’t tell anybody what you do, your life will be a lot easier.”

“Evil cannot be “treated” — nor should it be. Evil has to [be] confronted and destroyed and it matters not why the evil is in play. Society has no obligation to try to rehabilitate evil.”

“Conservative people tend to see the world in black and white terms, good and evil. Liberals see grays. In any talk format, you have to pound home a strong point of view. If you’re not providing controversy and excitement, people won’t listen, or watch.”

“Many parents are worried in America about the gay agenda and indoctrination of their children to see homosexuality in a certain way.”

“I don’t want to go on a lynching party against Michelle Obama unless there’s evidence, hard facts, that say this is how the woman really feels.”

Of course there are others besides these two, coulter, Limbaugh, hannity, to name a few. See more quotes from these hatemongers here.

each well known for anti-liberal,gay,feminist,any religion but Christianity and Judaism(and restrictions on that too), ect. rhetoric and rants.  each attracting millions of viewers, listeners, and even readers. Unfortunately some have already followed their advice as in the case of the Knoxville unity church shooting.  But besides generating support for numerous controversial policies of the bush administration, including torture and domestic spying among others, this is already a pretty disturbing situation, where such blatant radicals and racists capture hours in an already questionable media culture. One has to ask just how far they will go considering we are facing the next great depression. As in the last depression we will see a huge increase in this  extremism, the last time around it shook the world.At the moment they seem to be stepping up the rhetoric with things like Chuck Norris’s bid for president of texas, or the fake fear for their country because of that socialist obama , as expressed by Glen Beck. At the very least these people are strident contributers to the degradation of objective media,honest debate, and informed democracy.

fave tunes and meaning behind them part 2

March 27, 2009

Here we go again this time with System of a Down’s B.Y.O.B

defiantly a great politically charged band, perfectly visualized in this music video.  The depiction of authoritarian futuristic/modern riot police and their various depredations exercised on civilian populaces has and will always be an extremely powerful image because of the emotions it inspires and the politics it represents. namely fear and hate of the forces of authoritarianism and repression, perfectly exemplified in the faceless ubermench who’s actions are always “justified and restrained” despite overwhelming evidence to the contrary.  a sight we will possibly be seeing on city streets in the near future as the whole corrupt system begins to crumble and the elite are in need of more protection from the angry masses. don;t think its a possibility of getter a whole lot worse in this security state we are blindly walking into? remember the battle in Seattle? then it was only the g8 and people were still pretty fucking ignorant of how corrupt and rotten things were getting. just watch what will happen at the upcoming g20 event.

now for the lyrics, much more to work with here, though a bit more cryptic.

Barbarisms by Barbara with pointed heels
Victorious victories kneel for brand new spanking deals
Marching forward hypocritic and hypnotic computers
You depend on our protection yet you feed us lies from the tablecloth

the first line is possibly a reference to barbra bush of the bush senior category. any fair examination of the war on drugs she and he husband propagated will tell you just what barbarism they have unleashed on the world. next is a overarching cultural reference where we have western societies becoming both more militarized and placated by easy credit and obsessed with consumer society and material status symbols. leading to the next line, we are entirely hypocritical in our pronouncements of freedom and democracy, both in that we consistently deny such ideals to foreign populations (see latin and south america/africa/ the middle east/ south east asia) as we support dictatorial right-wing governments in return for cheap labor and lax environmental standards so our corporations can viciously exploit the people and the land.  We ourselves remain hypnotized and unaware of the vast cognitive dissonance created by these blind pronouncements and ignorance of the real misery and death we are causing with our extreme materialistic culture. the last line is  quite simply that we are lied to everyday by the media and our governments even as we are the only thing that empowers and protects them. Not even good lies at that, in this age of information technology it is relatively easy to counter the propaganda from pundits, faux-journalists(not just fox of course), and politicians. Yet we still fall for the bullshit, the same propaganda techniques of the Nazis: the big lie repeated over and over, appealing to racial and religious prejudices, appeals to corporate and government authority unquestioningly. exemplified in the lies about Iraq, WMDS, 9/11 involvement

Kneeling roses disappearing into Moses’ dry mouth
Breaking into Fort Knox stealing our intentions
Hangars sitting dripped in oil, crying, “Freedom!”
Handed to obsoletion still you feed us lies from the tablecloth

This is the next set of key lyrics, the fort knox reference being likely the Blatant corporate socialism found in so many modern governments, canada included, where profits are privatized and losses are socialized. the people are forced to pay for the failures of the elite while money continuously flows into the coffers of the already uber-wealthy, at the moment we have a situation where the vast majority of wealth is owned by unconscionably few people, a gap of economic inequality totally unheard of in history. the theft of intentions is another form of propaganda and manipulation used to the detriment of the world, examples include things like the green energy movement where energy corporations are lining up behind ethanol, a totally unsustainable and impractical fuel source as it is literally starving people because of the vast quantities of what would otherwise be food it requires . but don’t worry the corporations will get massive tax breaks and incentives to accomplish nothing but starve third world nations. The next line is touching again on militarism, though specifically the relation between the military and the oil industry. the us military is the single largest consumer of oil in the world, unsurprisingly the us military has a history of invasion and presence in the major oil producing nations of the world, the middle east being the most obvious example, where between protecting the saudi royalty from their own impoverished people while they live in extreme oil funded luxury or the invasions of iraq where both times major concessions were forced on the iraqi people to oil companies at first for access and cheap oil and now for even more control and ownership of iraqi oil supplies. to this day militarists push for the invasion of yet another oil rich nation, iran. and the last part of the line is the ever present and convenient excuse for the depravities of military aggression, no matter what is done to a country it is justified because it was done in the name of securing freedom and democracy for its people.  Utter hypocritical bullshit.

Why don’t presidents fight the war?

Why do they always send the poor?

These next lines build on the other militaristic comments, as for presidents well its pretty obviously a knock at bush jr. who had every string pulled for him by daddy throughout life but namely that he never had to fight a war, just like most right wing hawks who never served(bush may actually be somewhat of an exception in that he at least served in the national guard, despite evidence of hypocritical drug use) but will gleefully send others to die for no reason but the profit of the military-industrial-complex among other corporate beneficiaries. the last line being the most self explanatory, the poor are the ones who disproportionately serve, both voluntarily and in drafts. this is so because even in drafts the rich and middle class can more easily get deferments or otherwise get their kids out of service or at least having to serve in combat. In volunteer wars such as today, the poor are left with few options as money is poured into the military and not other areas such as social programs, education, and infrastructure. the military remains as a source of income and potential education yet relies on deceptive advertising to lure young people into service with promises that they wont have to serve in the immediate conflict or at least not in the combat areas, yet the opposite is most often true.

Everybody’s going to the party, have a real good time
Dancing in the desert blowing up the sunshine
Everybody’s going to the party, have a real good time
Dancing in the desert blowing up the sun

the rest of the lyrics cover a more general criticism of the rest of us, we are consumed with consumerism, with extreme individualism, with hedonistic party lifestyles and remain willfully ignorant of the problems around us. in the video a party or rave is raided by enforcers reflecting this point, we party and shop while around us freedoms are stripped away, illegal wars are launched and other depredations that cause nothing but misery and death. This isn’t some lament at the drug and or party culture but simply that it has become an apolitical culture at a time when when the world cannot afford people to be inactive in calling for and pushing for change. fewer people vote, especially young people who have the most stake at what is decided now and the direction we take into the future.  inaction won’t make things better.

re: Obama, he ain’t jesus or superman

March 23, 2009

As much as Obama has been rightfully lauded for rescinding some of the worst aspects of the Bush administration he still has not brought any real change to the US, in fact he is actually defending on numerous fronts Bush policies regarding torture cases, CIA rendition, among other probes into the malfeasance of the bush admin. Let alone going above and beyond to hand billions of taxpayer dollars to banks with zero oversight in a dubious scheme to save the US financial system.

Take this handful of post from a site I totally recommend the agonist, if only for the spectacular commentary and follow up but also for critical reporting and intelligent editorials. generally a great hub for news and political articles that actually try to speak the truth.

http://agonist.org/20090320/obama_moves_to_protect_rumsfeld_in_torture_case

simply disgusting, protecting war criminals. Obama should be prosecuting such Bush administration bastards not defending them from their victims.

http://agonist.org/20090317/new_name_same_detainee_problem

to quote the article for all that need be said:

The Centre for Constitutional Rights, which has provided lawyers to defend many Guantanamo prisoners, said the Obama administration has “adopted almost the same standard the Bush administration used to detain people without charge.”

http://agonist.org/20090314/obamas_new_detainee_policy_break_from_bush_or_the_same?

http://agonist.org/caribdude/20090205/so_us_liberal_bloggers_do_you_really_want_us_torture_investigated

more on that topic. so yeah, great gitmo will be closed eventually but nothing has really changed but a few words. They are even using the same goddamn “national security” bullshit to avoid turning over evidence of torture in british cases. and yes it was fucking torture, unless you want to call international aid organizations like the red cross liars:

http://agonist.org/20090316/report_red_cross_detailed_torture_at_guantanamo_in_2007

No oversight, hiring wall street bigwigs to handle the bailout of wall street bigwigs in a plan that has absolutely no possibility of solving anything because it leaves the exact same people and companies responsible for  the whole fucking mess in place with little to no repercussions. sure the overemphasises AIG bonuses will be taxed 90% but financial fuckers have been tax dodging for years. Obama should be putting a tax increase of 90% on all assets, on and offshore, especially on investments of the wealthiest greediest bastards in the country. the cowards call him a socialist when he risks growing public outrage to protect the klepocratic assholes who have been fucking the world for the last 3 decades or so.

http://agonist.org/tjfxh/20090313/obama_the_socialist_and_class_warfare

his horrible “achievement punishing” taxes ‘ even come close to those under the beginning of regans terms( till he slashed taxes on the greediest,deregulated business and banks, and exponentially increased defence spending), far lower than nixon’s, and make ike look like lenin.

more on the shitty job of not saving the global economy and just how fucked things could get in the future later.

Fave tunes and the meaning behind them part 1

March 20, 2009

and now for something completly different from what ive done so far, don’t worry it’s somewhat less depressing than the rest.

here is one kick ass song with more than most might think to it.

Queens of the Stone Age – No One Knows

Besides the fairly standard video of the band playing plus outline effects and the clips with the classic reversal, i will now attempt to show just what they might be talking about.

The most blatant lines and the ones most politically relevant, at least as i have perceived them come out right off the bat:

We get some rules to follow
That and this
These and those
No one knows

We get these pills to swallow
How they stick
In your throat
Tastes like gold

Now, what exactly does this immediately come across as? Well, some fairly subversive  lyrics, the kind I like. “Rules to follow…” is getting into our legal system, which historically and even at present has had some pathetic, unreasonable, and downright self-defeating rules on the books. From racist, homophobic and otherwise patently prejudiced crap pushed on people by dubiously moralizing politicians backed by religious fanatics and KKK members minus the bedsheets. today, these creeps and loonies still exercise undue influence on those in power, witness idoiocymonger gov. palin and like minded theocratic that still fear witches and satanists to modern day clansmen still afeared of the brown people and them scary blacks who apparently have been ruining white man’s countries since the civil war(hey assholes,  been spouting that crap since birth of a nation yet with the populations of your boogy men at all time highs it’s still whitey who has been fucking everybody over).Other examples include the sheer stupidity and utter hypocracy of prohibition.  sufficed to say the rule of law is hard to justify as legitimate when nutbags are still making them for their own hateful,wrongheaded, or greedy desires.

The next set takes on two similar dimensions. Namely it comes across as the common metaphor for the everyday lies and deceptions of our media and government.  daily we are told lies and inundated with with convenient distractions drowning out what is important and truthful.  deceit, that bitter pill that becomes harder to swallow. Examples are abound and all around us, from censored school textbooks that leave out the worst facts from our history or otherwise revising events to the likening of those in power(see Vietnam) to modern news media that between inane blathering, extreme focus on minor or irrelevant stories,moronic self-contradicting  ideologues, to patently biased and uncritical reporting posing as journalism.  truth and accuracy have no place in the modern media sphere save for the independent fringes and the other few brave souls who dare to seek the truth. The lyrics also answer why we take the pills anyhow, our own weakness and selfish desires, we are bought off with supposed wealth(all vanishing before our very eyes today).

shit, that was depressing

some more scary stuff

March 20, 2009

I got here another informative yet frightening post by Karl Denninger at the market ticker. This time commenting on the latest missive from the federal reserve and what they really mean through the bureaucratic bullshit. here’s a bit of it cause there is no way i can do justice to figuring out that crap. Italics being Denninger’s interpretation.

In these circumstances, the Federal Reserve will employ all available tools to promote economic recovery and to preserve price stability.  The Committee will maintain the target range for the federal funds rate at 0 to 1/4 percent and anticipates that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period.  To provide greater support to mortgage lending and housing markets, the Committee decided today to increase the size of the Federal Reserve’s balance sheet further by purchasing up to an additional $750 billion of agency mortgage-backed securities, bringing its total purchases of these securities to up to $1.25 trillion this year, and to increase its purchases of agency debt this year by up to $100 billion to a total of up to $200 billion.  Moreover, to help improve conditions in private credit markets, the Committee decided to purchase up to $300 billion of longer-term Treasury securities over the next six months. The Federal Reserve has launched the Term Asset-Backed Securities Loan Facility to facilitate the extension of credit to households and small businesses and anticipates that the range of eligible collateral for this facility is likely to be expanded to include other financial assets.  The Committee will continue to carefully monitor the size and composition of the Federal Reserve’s balance sheet in light of evolving financial and economic developments.

We’ve got over a trillion in trash on our balance sheet now, which we promised would fix the problem but it didn’t do jack.  That’s because nobody in their right mind will borrow money when the economy is in the tank and debt levels are above sustainable maximums.  The only borrowers are people who are deadbeats, and that doesn’t help.  Instead of clearing this out by forcing the bankrupt to take their medicine our “solution” is to attempt to devalue the currency by explicit monetization.  We have little choice in this matter because the most-recent TIC data that has been published, along with what hasn’t been published (yet) but which we have, shows that foreigners have given us the finger in buying any more of our agency, corporate and sovereign debt.  In short, we’re screwed – within months – and we know it.

Ultimately Bernanke and co. are still lying their asses off, Karl mentioning how Bernanke was on 60 min.  a few days ago claiming the market will be recovering by 2010 while his latest statement seems to be entirely contradicting that impression, though its not like many, many other people,let alone economy experts, could have pointed out that claiming the “recession”(come the fuck on this is a depression you delusional ass-hats) would be over by the end of 09 is ridiculous.

For the rest of the post Karl goes into just what they are doing so damned badly and how it won’t work. not to mention how when they fed can no longer issue anymore bonds cause foreign countries and there is no longer a demand for the US dollar(there is already some talks between russia and china about alternatives) will not buy them( which by some indications and hidden by bullshit benny, is already starting to happen) the us will have to fall back on a diminishing tax base and start cutting current spending. He breaks down current gov spending and gives some nasty predictions on what might be happening sooner or later:

Assume we can cut half of the defense budget, and we’ve got $800 billion left.  Cutting “other spending” (that is, all other programs) by 50% would leave us with about $500 billion net-net for social programs – forcing a reduction of about sixty percent in Social Security, Medicare and Medicaid – all at once.

In short this would wind up costing us roughly a 50% across-the-board cut in every program within government on an immediate basis.  That in turn would force further reductions in GDP, which would further shrink tax revenues.

Holy shit, 60 percent off of the already fucking pathetic US health care and retirement programs, they are so royally screwed.  Also, if the US monetary system collapses, as the worlds reserve currency EVERYBODY will take the massive hit. That’s’ why they call it the global financial crisis. This is the doomsday scenario, and Dennenger sees only a death spiral and even recommends some emergency preparedness  for individuals.

scary fucking shit.

great speech from charlie chaplians the great dictator

March 19, 2009

from one of his best films, a spectacular speech that occurs at the end of the film, new for chaplain certainly considering his films were usually silent with a music score. i found it to be an inspiring speech that defiantly has ideas that are relevant to today. to set up, chaplain is a hapless jewish barber that just so happened to look a lot like the dictator and while attempting to flee ended up on stage at a massive rally. ill let chaplain say the rest.

Helping to explain “the bezzle”

March 19, 2009

“the bezzle” as in embezzlement. which in some opinions has become the underlying basis for the market and thus the reason everything is screwed up. helpfully explained here at the market ticker as told in an editorial by Karl Denninger.

he starts with giving us some examples of what it looks like

Here are some examples of “The Bezzle”:

  • Liar loans: The borrower can’t possibly pay off the loan on the original agreed terms and the institution that makes the loan “passes it” to an investor fully aware that the borrower almost certainly lied about credit capacity.
  • Overly-rosy projections about growth in property values: The speaker is either incompetent (doesn’t understand exponents – a fundamental mathematical concept) or is intentionally deceiving people.
  • Overly-rosy projections about the stock market: “The market always comes back” and “over long periods of time it outperforms other investments.”  Both true, but both misleading; if you’re 18 you might be able to wait for it to come back, but the market has remained flat to down from a given level for more than 20 years before.  How long did you say it was before you intended to retire?
  • “The Internet is doubling every three months!”:  It was – for about six months.  But that got embedded into the business plans of thousands of businesses, long after the growth rate had started to slow down to something more sustainable.  Oh by the way, the fundamental lie of that claim is that in 7 years  the Internet would have gone from its original two people to covering more than the entire population of the planet, including the rice farmer in China and the starving child in Bangladesh.

Then dives into what has been happening that has gotten us to this point. making good notes of how it was predictable and how people did see it coming like the appraisers petition that goes back to 2000 for the government to do something . Also, he goes over some of the ass covering done by the assholes like Bernanke and his weak excuses for himself and predecessor Greenspan not doing a thing to stop this bullshit aswell as the two faced republicans opining about Obama’s bailouts while convenently ignoring their own faithful participation in the TARP(or taxpayer anal rape program as some have dubbed it)

Its great and all to be looking at what is really going on that the MSM wont touch but it always comes back to knowing just how bad things can/will get. Dennenger’s last quite sobering thought:

Government is not responsible for the fraud, but it is responsible for turning its head and refusing to look, investigate and prosecute.

Government profited from the increased tax revenue and “fake wealth” that was “created” as a consequence of The Bezzle, and the campaign bribes, er, contributions that flowed from it.

Now government must choose – either put a stop to The Bezzle, here and now, or watch the market dismantle it piece by piece, firm by firm, and deal with the collateral damage – another 10-20 million unemployed (at minimum) and a Depression worse than the 1930s.

An in-depth look at the long term, or just how bad things are looking

March 19, 2009

I will be taking a crack at boiling down some fantastic work posted  by one Barry Ritholz who is giving us an excerpt from A.G. Shillings mag INSIGHT  : Long Term Outlook: Slow Growth and Deflation

Of course this is US based stats but just as the political cartoon illustrated, Canada is the tugboat tied to the US Titanic. The article gives us some damned chilling charts even without the analysis. Not being an economist in any sense of the word im never going to be able to translate econo-speak and financialese very well  if at all but I will as part of this blog try my best to explain just what the hell is going on and how what is going on now compares to historical examples and in my opinion the closest example we have to the current crisis is the great depression. By closest example I mean that, as i will explain shortly, what is happening now is looking to be a lot worse than the last time.

To help demonstrate check out the second graph, it covers average house prices since the late 1800’s to the present. Throughout the past century the average prices have stayed below 120,ooo and the chart gives us the average price between 1946-98 as 110,000. Now consider just how high prices spiked in the last few years, going all the way above 200,000 before the housing crash we are now experiencing reducing the spike to somewhere nearing 140,000 and that is likely to continue to drop as things get worse. Already we see a housing spike that far exceeds anything seen in the last century, now consider that the many trillion dollar financial industry was built up around this extreme anomaly or rather it worked to create this housing bubble. Getting back to comparing our situation to the 30’s, they had no such spike but the depression knocked housing prices  down for decades. How the hell can we possibly even consider trying to recreate the unsustainable prices that the financial industry is dependent on for its trillion dollar market. Already the impossible and insane is required to return to “normal”, at least the normal that the financial industry wants.

Next the article goes into consumer spending in relation to consumer debt. the fourth chart gives us the percentage of consumer spending making up the US GDP.  At the moment it is in the high 60’s and will probably continue to plummet from the high of 71% in 08. Consumer spending has risen so much because consumers have been binging on the credit world, our “gotta have it now, damned the cost in the long run” mindset has left savings empty and consumers in massive debt. and for what? everything gained from this binge will disappear, the mc mansions, suvs, high tech gadgets all of useless crap we avoided saving money or took out massive loans to buy.

easy come easy go as they say

Just like the first great depression, the swinging twenties and boom that it was could not go on, but one of the differences this time is that the cliff we are falling from is a lot higher. the major economic activity of the  economy during that era was not dependent on our service and retail industries, industries entirely dependent on consumer spending(again spending that is falling off a cliff). What is left in our economy but the illusory wealth created by finance and our conspicuous spending on fast food and expensive crap? little to nothing, construction was supported by the housing bubble,  major industry in the factory sense has with exception of the arms industry been shipped off to exploit third world labor, technology wise the rest of the world has been rapidly catching up with many if not most new developments being made outside of north america(easily demonstrated by casually looking at telecommunications where japan and south korea offering far better services for far less, and the list goes on.

this helps sum it up from the article:

Now, however, consumers have run out of borrowing power. As of the third quarter 2008, homeowners with mortgages had on average 25% equity in their abodes after all mortgage debt was removed and that number will probably drop to the 10%-15% range with the further decline in house prices we are forecasting (Chart 3). At that bottom, after a 37% peak-to-trough collapse, almost 25 million homeowners, or nearly half the 51 million with mortgages, will be under water, with their mortgages bigger than their house values. In total, the gap will be about $1 trillion.

the rest of the article as mentioned is pretty good and looks at a lot of different angles to this mess including reactions in foreign markets and again more econospeak that I am never going to be able to explain let alone really understand myself but they have a good handle on it, so do give it a look.

Leaving today with some nasty stats and facts we are at the least facing years or even decades of slow recovery and never to the fraudulent and unsustainable levels of the past decades. This quotes helps sum up just how fucked the system is:

This reaction to big bonuses in firms that are taking huge writeoffs, losing big money and requiring massive government bailouts was predictable. From 2002 to 2008, the five largest Wall Street firms paid $190 billion in bonuses while earning $76 billion in profits. Last year, they had a combined net loss of $25 billion but paid bonuses of $26 billion.