More ancectdotal indications of the White House's Plans to Nationalize the Banks..

....and potentially control and dictate how much money you make at your job.

I awoke early today to get a quick handle on the news. To be quite frank, the news has been pretty solid. Unemployment now over 8% for the country, big push back on multiple issues over at that Euro-Trash party known as the G-20 Summit and the market has been on FIRE!!

So what gives? Well I can tell you Wall Street sentiment just fucking sucks. Yes the tape has rallied and depending on the time of day we may even be up on the year. However the problem is that nobody has a fucking clue what the market is doing now? Bottoming? Perhaps. Massive bear trap? Perhaps.

Most I know have been on the sidelines and/or short. The past month has really really hurt. Why be long? Why the rally? That is what Bear Markets do. One of the main differences between a Bull and Bear market is when you are wrong in a bull market, you just get your balls cut off. In a Bear market, they cut your balls off, roast them over a smoldering fire, then force feed them to you knowing they will lodge in your throat and you will either suffer a slow painful death or at the last moment, someone will come by and perform the Heimlich maneuver on you.

Either way, your pretty much fucked.

So here we sit and I am thinking to myself, maybe we are bottoming....maybe just maybe we are. Perhaps I have been too negative, too bearish, over the past quarter and my buddy Saul R. down in Stinkadelphia is going to be right. (Believe me, nothing would make me happier to be wrong and have this Bear just die.)

When I read articles like this one (sorry I cannot embed part of it, the Wall Street Journal is still technically deficient), but here is the URL:

http://online.wsj.com/article/SB123879833094588163.html

Read it. I know the source is a Fox news reporter. Yes, I would prefer it to be some liberal fucking jackass, but it is what it is. If this article is true, then folks we are fucked. Not because he (Obama) wants to nationalize the banks--but because he and his administration are not telling the American public the truth.

If things are so fucked up that we need to hide the true intentions of the federal government in a time of honesty, transparency and "a new government" well folks, it is time to pack it up and move on.

The other take away is highlighted in the article and something The Angry Trader has been speaking of for weeks....the federal government's move to dictate how much money you can make. This is a first step. The end result is what we have in socialist Europe with a Class System. We will have one here very soon if we do not stand up and at least question what the fuck is going on in D.C.

Do not be naive people. Do not trust authority. What the fuck is wrong with all of you these days? Think, React, Act for Christ's sake, before it is too late and Mr. Obama has told you what you can and cannot write, think or earn any longer!!