The weird part of affordable Doom? Is that a couple of weeks ago, I thought that our doom would be met with the firing up of the Hadron collider in Europe. The ultimate doomsday machine had finally been created it seemed and mankind was on the brink of it's last day. Almost at any moment it would seem, all that it would take would be one thrown switch by CERN and we would all twinkle into nonexistence collectively and be propelled along in unison to the next gathering of primordial muck somewhere in the next incarnation of a new dimensional universe.

But all of that dread and worry of a few weeks ago on my part has changed as of late. As I seriously doubt if we can now afford to literally skip out on all of this of debt that has been created for us globally. As a matter of fact? This collective debt may be the very reason why the Hadron colossus fizzled and popped to a stop last week when they did fire the thing up. Perhaps it was too many substandard and government subsidized pieces of silicon to even remotely be effective as either a machine or an enterprise. And certainly those at CERN must have thought the thing affordable, befoer they invested nine billion dollars into it.

So fast forward to today and today looks like it could be the day of doom. The affordable dooms day if you will. No, the Hadron gizmo isn't working yet, but Wall Street is certainly about to explode and take us all with it. Especially if you are listening to all the wailing and gnashing of teeth coming from both Washington and Wall Street today and over the past week. A 4 PM deadline today seems to be the last possible hour of reprieve for us all. What the hell happens after that is any one's guess. I for one know for sure that I don't know what will happen one way or another. But I have my experiences and my knowledge and my guesses.

While the democrats and the republicans are posturing and playing politics and the president has called a "team meeting," there remain those on the periphery of the game who are collectively exhaling a mass WTF? As in are you people crazy? (a rhetorical question when asked of congress) Why should the American people be saddled with what is at best described as the socialization of America via the government sponsorship socialism of private wealth.

Those like Newt Gingrich and others far more knowledgeable than I, are all collectively screaming "don't do this! This is no deal, this is no fix, this is no solution!" Meanwhile, the president and the do nothing and more government congress wants to do what? Give us more government intervention and more indebtedness and more promises to do better next time around. Never mind that they themselves are the express reason that we have arrived where we are at today as a country in economic crisis. And the funny part of all this? We have taken most of Europe and Asia along for the ride with us.Misery loves company it seems.

As Ann Coulter rightly pointed out in one of her columns this week, what we have here, is nothing short of the best example of what happens when you interject affirmative action into the nations banking system. Jimmy Carter began it and Bill Clinton furthered the false holy grail of  "the community reinvestment act" called "affordable housing for all." The same way that the democrats are today hustling affordable health care for all. Affordable?  Sound familiar?Affordable is the liberal socialist code word for "someone else pays for it." And with liberals there is never any other way to finance their pipe dreams. They certainly aren't going to spend their money. And today we have the best example of who that someone who pays for it really is, as we watch the Wall Street meltdown and are told to bend over the table and assume the position of more taxation for the benefit of the nation.

All this misery didn't begin yesterday or last week or even five years ago. It began under Carter and was put into turbo boost by Clinton in the mid 90's with the communities reinvestment act. And that was one of the real reasons that the dot.com bubble burst when it did in 1997. Too much strain on the markets from other stressers in the markets of finance to support the wildly fluctuating volatility of any more speculation inside the then constraints of banking. And when the dot.coms went bust in 1997, those who lost their back sides raced over to their friends on Wall Street and in Washington and begged for deregulation of banking and trading of commodities. How else to keep all the wobbly plates spinning in the face of and insane mortgage lending policy being trumpeted by Fannie Mae and others and being held up as the success of the century by the liberals in congress, while the collectives guns were held to the heads of every lending institution in this country in the name of affordable housing. So in 1999 congress repealed Glass Stegal and literally pulled all the chocks out from under the wheels of our economy.

And now the bill for affordable housing under the guise of community reinvestment has come due in all it's glory.

When I bought my home back in 1996? There were only a few options available for me, seeing as I wasn't a minority. Conventional, FHA VA etc. Those mortgage intstruments were all that was available for me. When I bought my home? It was 10% down pay as you go. Since then, the loan requirements for buying a home have basically become a one word question for many Americans....do you have a pulse?

Nothing down, no employment verification, no credit check, welfare recipients qualified immediately, as were those already drawing unemployment benefits with no hope of finding a new job. Don't worry the gullible masses were told, there are plenty of "products" available. Products, that would be one of the other code words used to describe the creative loans and what they called them. Adjustable rate mortgages and every color under the rainbow of ramping up, risking up and getting more money on the mortgage than the property was worth. Flip that house, roll that mortgage, refinance, etc. etc. These were all lucrative businesses and schemes as recent as two years ago. You could have gotten a $200,000 mortgage on a $50,000 RV back in the day. And there would have been plenty of banks and investment companies tripping all over themselves to get your business. Because the real money was to be made by repackaging these loans and mortgages and selling them off to some bigger sucker up the food chain. Fannie Mae and Freddie Mac did a lot of that. With Lehman brothers and AIG, Bear Stearns, Merrill Lynch.....they all bought in. Because after all, those "government sponsored enterprises" were all fully backed up by the federal government. So how risky could it be?


And now we know who all these bigger suckers were. As we now know what happens when the music stops and the margins are called and the proof of assets and liabilities have to be put on the table to be scrutinized for real value. People thought they had seen the worst of the financial flim flam with the Enron fiasco or even the savings and loan scandals of the 80's, but those was just the harbingers of the more affordable doom to come. And now that affordable doom has come? What of us lesser beings who can't afford it any longer? What of the lowly working class and those who weren't so stupid as to hock their backsides into perpetuity. Those who didn't buy 500 K houses on a 40 K salary?And then turn around and finance tow new Lexus' to boot.

I think most of us working folks will be OK. There will be jobs lost and jobs created, although the money will be nothing like it once was for more than a few years. And along with the market correcting itself will come the correcting of salaries for those who thought they would make their millions in the corporate world of plate spinning. Those poor fools with all those business management degrees might as well start their own leper colony, as no one is going to be interested in employing them in any position other than on the loading dock. The hard times are coming people and they are coming because we were all asleep and fell for the used car hustle of bigger better, faster and everything brought to you by those "oh so easy monthly payments."

The working class and the middle class will survive. The rich will get poorer, while the created and nurtured poor will demand that which can no longer be provided and they will demand it with violence. The government teat has gone dry and there aren't anymore funds to keep those plates spinning for those who were only seeking the "affordable life."  So Americans better be prepared for the Rodney King mentality of the inner city and the minority mentality of raging and rampaging when things don't go their way. Because that is precisely what will happen, (is about to happen) once the present collapse of our monetary system finally settles to the ground. And once again it will take decades to be rebuild. Only this time, their will be chaos and anarchy that must first be dealt with and overcome and addressed before we can even begin to deliver basic services to those who deserve them.

Those who have been born and raised into a system of cradle to grave government entitlement, will not go quietly into the night and assume their rightful position alongside all the others who will be trying to scrape by and make a living. Hell no! The under privileged and affordable class will want what they once had and what they once enjoyed as affordable. They will demand that someone else pay their way out of poverty and misery and make like affordable once again. Only this time their poverty will be real and not imagined and they won't like it.

There is the affordable doom that is facing this country IMO. The best laid plans of mice and men are coming to rest on this nation as we speak. It was all supposed to be so easy and affordable. And all it will take now, is for the collective "we" to stand up and take a long look at the emperor's clothes and we will realize realize immediately what we should have seen years ago. That the house of cards and the illusions perpetrated by egalitarian relativism and supposed Utopian equality, has collapsed around our heads. they were never more than the visages of the hustle to begin with.

So we all should be making preparations and getting ready for the reality that is about to be visited on this nation. And by the way?  Now would be a real good time for everyone to invest both your emotions and your future in the solid reality of your religion and your guns.