Dying With Our Boots On.

My emotions are of extremes.  One day, St. Francis of Assisi, the next, Robert De Niro in Taxi Driver.  Lately I've been channeling the Roman scouts examining the hordes of Huns massing across the Danube. I get that same sinking feeling looking at the unclean across the Potomac.  Viewing ballots printed in Spanish remind me that being a Roman citizen has gone to hell.

We are not going to make it.  The United States will default on her obligations. All my anger, anxiety and dreams of this country's future has morphed into resignation.  My conservative friends are of a giddy mind over the upcoming midterms.  I am not.  Sure, I will experience some schadenfreude over the Keynesian's taking a shot in the kisser.  I'm sure the Indians had a good time at Little Big Horn, short lived as they knew it was.

 Ben Bernake has pierced my heart with QE II.  Even if Republicans had obtained veto-proof majorities in both chambers of congress, an audit of the Fed is unlikely.  Just as well. Do we really want to see what Citibank really looks like?  We need another Black Swan like we need another mortgage modification program.  The average homeowner in foreclosure hasn't made a payment in 18 months.  If  MacArthur was alive we could roust this modern day Hooverville with extreme prejudice.  Instead, we hear calls for a foreclosure moratorium.  America can't drill for it's own oil, and can't evict squatters from private property.  Welcome to San Francisco!

Municipal bonds will likely be the first to blow up.  This is a no brainer for the White House because there primarily owned by evil rich people.  As sure as Chrysler debt holders got bent over prison style during the auto bailout, so too will  muni-investors feel Obama's billy club without even the slightest bit of  Vaseline.

Think gold will save you?  Think again.  The I.R.S. is chopping down whole forests to provide patriotic 1066's so it can keep an eye on all gold coin transactions over $600.  Don't worry, when the dollar reaches banana  republic levels we will begin to hear the calls for...a gold moratorium.  2012 will become 1933.  Rome will fall.

My only hope for the coming chaos is the possibility of the unions going to the streets.  I will relish the opportunity to "express" my displeasure with public sector employees.  Shouldn't be too hard to channel the energy.  After all, my ancestors were Huns.