Archive - Apr 2011 - Blog entry

When I met Phil the other night, he was on fire, enraged by what he believes is the scam of the century that no one wants to talk about, because so many powerful people armed with legions of lawyers want unquestioning allegiance, and will sue you into silence.

Regardless or Bernanke’s personal qualities, the fact is that it doesn’t matter what he does next. Whether or not he issues QE 3, raises interest rates, references inflation differently, or what have you is irrelevant. We will see some kind of Crisis in the near future because of his policies. If he raises interest rates, the debt market and derivative implodes. If he launches QE 3, the Dollar collapses and trade wars erupt. If he doesn’t launch QE 3, the stock market collapses.

Ben lies: we're sheep; No more; and by being sheep we suffer the heart-ache and the thousand pricing shocks unmeasured by the CPI, 'tis a consumer tax, despite what you had wish'd. Ben lies; we're sheep: living a dying dream: Aye, there's the rub; when fleecing sheep what jobs may come when we have scuttled all their buying power?

It's getting weirder in Pirate land. One man's thought on Greece.

Two Members Of The Joint Chiefs Of Staff 'Dis America's Hyper-Aggressive Imperialism ... Newly-Leaked Documents Show that Innocent People Were Thrown Into Gitmo Because They Wore Casio Watches Or Were Al Jazeera Reporters … Al Qaeda Assassin Worked for MI6 … And – Yes – the Iraq War Was for Oil

BFD, what took you so long? TYVM

A guess on the question that the WSJ will pose to Bernanke. It's all a set up.

I invite all to peruse the mainstream financial media and sell side
Wall Street’s take on JP Morgan’s Q1 earnings before reading through my
take. Pray thee tell me, why is there such a distinct difference?

So, it looks like I’m a hyperinflationist after all. Reminds me of the joke about the cowboy who chats up a woman at a bar – a lesbian, as it turns out. She tells him she spends her days thinking about nothing but women. “As soon as I get up in the morning, I think about women,” she says. “When I shower, I think about women. When I watch TV, I think about women. I even think about women when I eat. It seems that everything makes me think of women.” The cowboy goes home that night thinking that maybe he’s a lesbian too.

Deciding on a hedging policy is not a simple task. Many conflicting theories have persisted over the years...

"When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it."--Frederic Bastiat

Oops?

Next time you hear a tree-hugging hippie tell you SUV's are destroying the Planet, remind them their VW Bus with the tiny 4-cylinder engine produces more emissions, but only goes half as fast as a Cadillac Escalade, all while using the same amount of fuel. Technology FTW!

Today's three ring circus...

Please list the banks and other entities and individuals which own the Federal Reserve, and their percentage of ownership.