Sunday, December 27, 2009
Friday, December 25, 2009
Thursday, December 24, 2009
Wednesday, December 23, 2009
Tuesday, December 22, 2009
Monday, December 21, 2009
Cool it, swallow, swallow
Breathe deep, take it all It comes cheap
Push it through the doors
Because in between the lines
I'm gonna pack more lines
So I can get in
Ooh traffic jam got more cars
Than a beach got sand
Suck it up, suck it up, suck it up,
Fill it up until no more
I'm no crazy creep,
I've got it coming
To me because I'm not satisfied
The hunger keeps on growing
I eat too much
I drink too much
I want too much
I've got to get it somewhere I mean,
you never know,
maybe you're dreaming
Who do you think you're watching
Who do you think you need
Play for me,
Ten times in the same day I need more,
Over my borders
I'm going to take more,
more From you,
letter by letter
I eat too much
I drink too much
I want too much
I told, God, I'm coming
To your country
I'm going to eat up your cities,
Your homes, you know
I've got a stomach full it's not
A chip on my shoulder
I've got this growl in my tummy
And I'm gonna stop it today
I eat too much I drink too much
I want too much
Suck it up...
"Too Much" - The Dave Matthews Band
As we get swept up into this crazy gluttonous season called "retailers Christmas", lets digest Dave's words.
Sunday, December 20, 2009
Saturday, December 19, 2009
ASHLAND, Ore. (AP) — "A city council member in an Oregon town noted for its Shakespeare festival and its occasional dustups over public nudity plans a showing in his art gallery of nude portraits and conceptual art involving naked people. For gallery-goers as well, clothing will be optional — even though it's winter in Ashland, a small college town on the California borderCouncil member Eric Navickas is opposed to a possible ban on public nudity in the town. Nudity is legal in Ashland, except in the city center and public parks, where people are required to cover their genitals. 'We feel that the nude ban is not only an attack on freedom of expression but also an attack on the human body itself,' Navickas said. 'We wanted to have a show to celebrate the nude body and differentiate the nude body from anything indecent.' "
Source: LA TIMES
"Do you presume to criticize the great Oz? You ungrateful creatures. Think yourselves lucky that I'm giving you audience tomorrow instead of twenty years from now!" The Wizard of Oz
"Who are you?" Dorothy
"No my dear. I'm a very good man, just a very bad wizard." The Wizard of Oz
I envision Bernanke using this in his resignation speech some day. "No my dear. I'm a very good man, just a very bad Federal Reserve Chairman".
Friday, December 18, 2009
"Silvio Berlusconi, the Italian Prime Minister, left hospital today after spending a fourth night under observation after an assailant broke his nose with a model of the Milan cathedral. Massimo Tartaglia, 42, an electronics engineer with mental problems, threw a heavy souvenir statuette of the Duomo at Mr Berlusconi's face, leaving him with a fractured nose and two broken teeth. He later apologised to Mr Berlusconi by letter but told police the controversial populist Prime Minister was 'ruining Italy'. Italian newspapers today devoted their front pages to a parcel bomb planted in an underground corridor at Bocconi business university in Milan which was detonated by a timer in the early hours of yesterday morning. It contained two kilos of dynamite but had only "partially" exploded, police said. A group calling itself "The Informal Anarchist Federation" claimed responsibility. The same group also sent a parcel bomb to an immigration office at Gorizia on the Italian-Slovenian border. It exploded but caused no injuries. 'After the statuette, the dynamite' said Il Giornale, the newspaper owned by Mr Berlusconi's brother Paolo, adding 'here come the bombs'. It claimed that the parcel bombs, like Mr Tartaglia's attack, were 'the fruit of a climate of hate' against Mr Berlusconi created by the Left."
The recent "hoopla" over the two yahoos that crashed the party at the White House might have some real underlying meaning. Maybe the "elephant in the room" is that everyone feels that in this "climate of hate", our president might be at risk.
The mob continues to get angrier. Xenophobia and racism are climbing. I've had a handful of people state this week "did you notice that Tiger didn't like the black girls?". No, the thought hadn't occurred to me. I've concluded that he likes barmaids.
Thursday, December 17, 2009
My vote for Person of The Year is Elin Nordegren, the now famous wife of Tiger Woods. In my Snake Charmers post back in May, I stated then "I have to ask today, when are one of these political wives going to stand up for women and rip the eyeballs out of one of these snakes at the press conference?". Well, Ms. Nordegren didn't need to be a politicians wife to stand up for all women across the world. She didn't go for the eyeballs with her fingernails either, she chose a 3 iron and opened a can of "whoopass" on Tiger's face. I applaud her actions. I'm not supporting domestic violence, but she did what so many women should have done before....take a strong stand against abuse and immoral behavior. I believe that her statement will standout for years to come. Rumors state that she plans to divorce Tiger. I hope that she does for the same reasons. You don't deserve a good wife when you don't respect her. Good luck to Ms. Nordegren and hopefully many women will be inspired to take back control of their life.
My runnerup nomination goes to Jenny Sanford, South Carolina's first lady, for telling her husband Governer Sanford to enjoy your life with your "soulmate". She filed for divorce this week.
Wednesday, December 16, 2009
"At its core, the China-America growth engine worked like this: We in America built more and more stores, to sell more and more stuff, made in more and more Chinese factories, powered by more and more coal, and all those sales produced more dollars, which China used to buy more and more U.S. Treasury Bills, which allowed the Federal Reserve to extend more and more easy credit to more and more banks, consumers, and businesses so that more and more Americans could purchase more and more homes, and all those sales drove home prices higher and higher, which made more and more Americans feel like they had more and more money to buy more and more stuff made in more and more Chinese factories powered by more and more coal, which earned China more and more dollars to buy more and more T-bills to be recirculated back to America to create more and more credit so more and more people could build more and more stores and buy more and more homes . . .This relationship, so critical in inflating the post–Cold War credit bubble, was so intimate that when Americans suddenly stopped buying and building in the fall of 2008, thousands of Chinese factories went dark and whole Chinese villages found themselves unemployed."
Tuesday, December 15, 2009
Monday, December 14, 2009
"Federal Reserve Chairman Ben S. Bernanke is prescribing 'poison' to the US economy by keeping interest rates near zero and fueling a wave of speculative capital that may cause the next global crisis, former Morgan Stanley chief Asian economist Andy Xie said. Bernanke is making decisions based on 'marginal considerations' that will help short-term growth and employment, instead of focusing on the 'soundness of the system,' Xie wrote in an e-mailed note. The next worldwide crisis will probably strike in 2012, driven by inflation as the low cost of borrowing spurs increases in asset prices, he said. 'There is a Chinese saying that one could quench the thirst by drinking poison,' said Xie, who predicted in September 2006 that the US economy would fall into a recession in 2008. 'Bernanke seems to be prescribing exactly this to the US economy. The slower Bernanke raises interest rates, the bigger the next crisis.' "
Back to The Economics of A Twelve Year Old
Sunday, December 13, 2009
This moronic assertion, bolstered by layers of Ivy League credibility, encourages investors to ignore signs of mania (just as the barfly waves off friendly hints that perhaps he should call it a night). As the evening wears on, the drink becomes more and more intoxicating... but no one admits to being tipsy, let alone drunk as a skunk. Total inebriation ensues."
Justice Litle, Editorial Director, Taipan Publishing Group - 12/2/09
Drunk analogies must be getting popular:
Saturday, December 12, 2009
"Violence erupted in Tehran today as thousands of students and opposition activists staged fresh protests against the Government. Riot police using teargas and batons charged demonstrators in two of the capital’s main squares. Security forces flooded the streets and sealed off universities. They were reported to be firing in the air and bringing in water cannon, but they failed to prevent students demonstrating on campuses across Tehran and in other Iranian cities. The authorities cut off internet services and took down the mobile telephone network in some places, but snatches of grainy footage still reached the West."
Source: Times Online
Cutting off cell phones and internet access will really get these kids fired up! "I want my MTV!"
Friday, December 11, 2009
Thursday, December 10, 2009
Wednesday, December 9, 2009
"In the capital, Pyongyang, yesterday only the few shops and restaurants permitted to trade in foreign currencies — patronised by the privileged elite and the city’s small foreign population — were open for business. All other enterprises and services based on cash, including markets, long-distance bus services, barbers’ shops, saunas and bath houses, were suspended until the revaluation of the won is completed next week."
"There were reports of public outrage and confusion after the announcement of the measure, which requires North Koreans to swap existing won notes for new ones at an exchange rate of one to 100 — effectively knocking two zeroes off their value. Because of a cap of 100,000 won per family (£475 at the official exchange rate), anyone with significant holdings of cash will have their savings wiped out."
"'Loud sounds of weeping in every house have not ceased since the news was released,” a South Korean website quoted an inhabitant of Sinuiju, a city on the border with China, as saying. “Weeping and fighting between couples has not stopped anywhere. The atmosphere of the city is terrible now.'"
Tuesday, December 8, 2009
From The Times:
"The abandoned corpses, in white body bags with number tags tied to each toe, lie one above the other on steel racks inside a giant freezer in Detroit’s central mortuary, like discarded shoes in the back of a wardrobe. Some have lain here for years, but in recent months the number of unclaimed bodies has reached a record high. For in this city that once symbolised the American Dream many cannot even afford to bury their dead. 'I have not seen this many unclaimed bodies in 13 years on the job,' said Albert Samuels, chief investigator at the mortuary. 'It started happening when the economy went south last year. I have never seen this many people struggling to give people their last resting place.' Unburied bodies piling up in the city mortuary — it reached 70 earlier this year — is the latest and perhaps most appalling indignity to be heaped on the people of Detroit. The motor city that once boasted the highest median income and home ownership rate in the US is today in the midst of a long and agonising death spiral."
Monday, December 7, 2009
This just in from the Copenhagen Climate Summit. You have to love the hypocrisy!
"Ms Jorgensen reckons that between her and her rivals the total number of limos in Copenhagen next week has already broken the 1,200 barrier. The French alone rang up on Thursday and ordered another 42. "We haven't got enough limos in the country to fulfil the demand," she says. "We're having to drive them in hundreds of miles from Germany and Sweden." And the total number of electric cars or hybrids among that number? "Five," says Ms Jorgensen. "The government has some alternative fuel cars but the rest will be petrol or diesel. We don't have any hybrids in Denmark, unfortunately, due to the extreme taxes on those cars. It makes no sense at all, but it's very Danish." The airport says it is expecting up to 140 extra private jets during the peak period alone, so far over its capacity that the planes will have to fly off to regional airports – or to Sweden – to park, returning to Copenhagen to pick up their VIP passengers. As well 15,000 delegates and officials, 5,000 journalists and 98 world leaders, the Danish capital will be blessed by the presence of Leonardo DiCaprio, Daryl Hannah, Helena Christensen, Archbishop Desmond Tutu and Prince Charles. The top hotels – all fully booked at £650 a night – are readying their Climate Convention menus of (no doubt sustainable) scallops, foie gras and sculpted caviar wedges."
Source: The Telegraph
Sunday, December 6, 2009
Walter Bagehot, Editor-in-chief of The Economist (1826-77)
"I am not a smart man."
Saturday, December 5, 2009
"Robert Prechter's research illustrates that during major credit expansion periods, the tallest buildings "of their time" have been constructed. The Burj Dubai might be a great example of this phenomenom. Euphoria rules at the crest of the tidal wave."
Random Roving 12/11/08
"It looks like that credit card might have run dry. It sounds like they've been dining on a few Plastic Eggrolls! This will be one to watch. Lets consider Dubai to be the world's leader in credit spending!"
Random Roving 3/11/09
"He responded 'the parking lot at the airport is filled with abandoned cars'."
Random Roving 6/16/09
Friday, December 4, 2009
The slope of the sand pile appears too steep to me......again. Look at the chart of the Dow Jones Industrial Average below and note the steepness of the curve from March 6 to current. Remember, I brought closure to the confession in May.
Don't forget the tech bubble burst and dotcom meltdown (below). Note how steep that curve was just prior to the collapse.Charts sourced from www.bigcharts.com.
Thursday, December 3, 2009
Wednesday, December 2, 2009
Maybe I'm an idealist, but I believe that we have to have some moral heroes left out there for our children to admire. How about being moral AND human? Isn't that still an option? So so so disappointed Tiger! I thought that you were one of the "good ones". Is Earl rolling over in his grave?
Is my main man, Peyton Manning, next????
Tuesday, December 1, 2009
Monday, November 30, 2009
Sunday, November 29, 2009
The entire article:
Saturday, November 28, 2009
LONDON (MarketWatch) -- "Fears of a potential sovereign default by Dubai roiled financial markets Thursday, sinking stocks in Asia and Europe and pushing up government-bond prices as investors sought safe havens. Dubai late Wednesday said it would restructure Dubai World and announced a six-month "standstill" on repayments of the state-run wide-ranging conglomerate's debt. Analysts said Dubai's woes were a blow to sentiment, serving as a reminder that potential trouble spots remain. 'I don't see this as a massive issue but it's another warning to where the world got itself last year with loose monetary conditions [and] loose lending,' said Naeem Wahid, market strategist at Lloyds TSB. 'And, in a few cases, the problems are still out there and we could continue to see these kinds of nasty surprises' in the future."
The entire article: http://www.marketwatch.com/story/dubai-woes-roil-financial-markets-2009-11-26
Friday, November 27, 2009
Thursday, November 26, 2009
Thinking of Indians, Jackson and I hiked yesterday along the Cherokee Trail in the Carolina Mountains. It makes one wonder how an entire civilization can be wiped out from the planet. I guess Jared Diamond described the process well in his Pulitzer Prize winning "Guns, Germs, and Steel".
I wish all a great holiday. Break bread with family, take a nap, and enjoy some good down time. Thanksgiving might be the best family holiday because it is so much less commercial than Christmas. Please don't get swept up in that Friday morning retail frenzy. Remember what happened last year on this same holiday. Humans are supposed to behave differently than hogs!
Enjoy mon amis!
Wednesday, November 25, 2009
Tuesday, November 24, 2009
"Go on take the money and run" The Steve Miller Band
From the BBC:
NI Post Staff Join Strike Action
"Postal workers are manning a picket line at the Mallusk mail centre Postal workers in Northern Ireland are taking part in the first nationwide postal strike in two years. It follows the collapse of talks between Royal Mail and the Communication Workers' Union (CWU). Mail centre staff at and drivers began a 24-hour walkout at 0400 BST. Delivery and collection staff will strike on Friday with more strike dates expected. Union leaders have blamed Business Secretary Lord Mandelson and Royal Mail chiefs for the failure to reach a deal. But ministers say the suggestion that an agreement was vetoed is "fantasy". Bobbie Weatherall, from the Communications Workers' Union, is one of the workers manning the picket line at the Royal Mail mail centre in Mallusk. "I would ask people to please bear with us in this situation, we are seeking a resolution to it," he said. "If everyone has the will do to that then we can get round the table and negotiate."
Monday, November 23, 2009
Claus Vogt - Weiss Research Inc.
Sunday, November 22, 2009
Claus Vogt - Weiss Research Inc.
Paranoia is in bloom,
The PR transmissions will resume,
They'll try to push drugs that keep us all dumbed down,
And hope that we will never see the truth around
(So come on)
Another packaged lie to keep us trapped in greed,
And all the green belts wrapped around our minds,
And endless red tape to keep the truth confined
(So come on)
They will not force us,
They will stop degrading us,
They will not control us,
We will be victorious
(So come on)
Interchanging mind control,
Come let the revolution take it's toll,
If you could flick a switch and open your third eye,
You'd see thatWe should never be afraid to die
(So come on)
Rise up and take the power back,
It's time the fat cats had a heart attack,
You know that their time's coming to an end,
We have to unify and watch our flag ascend
They will not force us,
They will stop degrading us,
They will not control us,
We will be victorious
Saturday, November 21, 2009
Friday, November 20, 2009
Thursday, November 19, 2009
Wednesday, November 18, 2009
"Consequence #1 is a recovery in the U.S. economy. When the government creates that much monetary and fiscal stimulus, it naturally has some impact, of course. That's why a recovery is now under way and why it is likely to continue for a few more quarters.
Consequence #2 is the rally in the U.S. stock market. Again, when so much liquidity is pumped into the economy, it's only natural that some of it would flow into equities.
Consequence #3 is a recovery in emerging markets. Here, unlike the U.S. and other Western economies, not only are the economies benefiting from government stimulus, but they are also benefiting from strong domestic fundamental growth factors.
Consequence #4 is the decline of the U.S. dollar. The greenback is falling against the euro and virtually every major currency on the planet, and it will probably continue to do so. The U.S. Dollar Index, which measures the dollar against a basket of six major currencies, is now nearing its lowest level in history. Once that level breaks, the pace of the dollar's decline could accelerate sharply.
Consequence #5 is the decline in the value of paper money as a whole, and the parallel rise in gold. Friday, gold pierced the $1,100 per-ounce level. Next, despite any intermediate setbacks, it could rise to $1,300.
Consequence #6 is rising interest rates. Yes, the Federal Reserve can hold its official short-term interest rates near zero, and this is precisely what it's doing. But the Fed does not exert the same control over long-term interest rates. Nor can it control foreign central banks, some of which are beginning to raise interest rates. And most important, the U.S. government cannot control foreign investors who now own over half of the publicly traded U.S. government securities.
Meanwhile, the forces driving long-term interest rates higher are powerful and enormous — the same forces we told you about earlier: massive monetary inflation and equally massive federal deficits.
Consequence #7 is an anemic U.S. economy overall, weighed down by high unemployment, low spending, and most important, the largest debts of all time. Don't expect this recovery to last very long. A second recession could come quickly on its heels.
I am often asked: Is the recession over? My answer is "yes." But to the more important question — is America's long-term depression over? — my answer is a firm "no." In the years ahead, we're likely to see a series of longer-than-usual recessions interrupted by shorter-than-normal recoveries, all adding up to a long depression.
Such is the inevitable consequence of the massive, revolutionary changes that have already taken place ... with more changes of similar magnitude still ahead."
Tuesday, November 17, 2009
"So I put my hands up. They're playing my song. The butterflies fly away. Noddin' my head like yeah! Movin' my hips like yeah! I put my hands up. They're playing my song. Ya know I'm gonna be okay. Yeah! It's a party in the USA! Yeah! It's a party in the USA!"
I recently told the story of the party and I still have to say, "it's been a lot of fun....definitely, one for the ages."
Sunday, November 15, 2009
The chart below shows gold over the past 11 months. It has played out in textbook fashion. It has blast 13% out of the $1000/ounce psychological barrier. Is $1500/ounce right around the corner?
Friday, November 13, 2009
David Galland, Casey Research - November 10, 2009
"I ventured into new territory today and bought the XAU (gold/silver index). It should be another educating investment!"
Random Roving - January 17, 2002 (back in the pre-blog days)
-Gold is up 285%
-S&P500 is down 20%
This cycle change has been highlighted in several prior posts about the Dow/Gold Ratio.
Wednesday, November 11, 2009
"The latest GDP growth figures are a result of massive government interventions into the free market which inevitably resulted in extremely volatile economic and financial conditions." Marc Faber
Tuesday, November 10, 2009
Monday, November 9, 2009
Nov. 3 (Bloomberg) -- "India, the world’s biggest gold consumer, bought 200 metric tons from the International Monetary Fund for $6.7 billion as central banks show increased interest in diversifying their holdings to protect against a slumping dollar.
The transaction, equivalent to 8 percent of world annual mine production, was the IMF’s first such sale in nine years and propels India to the ninth-biggest government owner globally, according to figures from London-based research company GFMS Ltd. The country previously held 358 tons, the data show."
The entire article:
"The second reason the US military remains in Afghanistan long after the world has forgotten even who the mysterious Osama bin Laden and his alleged Al Qaeda terrorist organization is or even if they exist, is as a pretext to build a permanent US military strike force with a series of permanent US airbases across Afghanistan. The aim of those bases is not to eradicate any Al Qaeda cells that may have survived in the caves of Tora Bora, or to eradicate a mythical “Taliban” which at this point according to eyewitness reports is made up overwhelmingly of local ordinary Afghanis fighting to rid their land once more of occupier armies as they did in the 11980’s against the Russians. The aim of the US bases in Afghanistan is to target and be able to strike at the two nations which today represent the only combined threat in the world today to an American global imperium, to America’s Full Spectrum Dominance as the Pentagon terms it."
"Afghanistan has historically been the heartland for the British-Russia Great Game, the struggle for control of Central Asia during the 19th and early 20th Centuries. British strategy then was to prevent Russia at all costs from controlling Afghanistan and thereby threatening Britain’s imperial crown jewel, India."
"Afghanistan is similarly regarded by Pentagon planners as highly strategic. It is a platform from which US military power could directly threaten Russia and China, as well as Iran and other oil-rich Middle East lands. Little has changed geopolitically over more than a century of wars."
The entire article:
Sunday, November 8, 2009
Friday, November 6, 2009
Thursday, November 5, 2009
Wednesday, November 4, 2009
"Most importantly, it is NOT TOO LATE to re-model your portfolio. Remember, some jumped in lifeboats off of the Titantic. Some boarded early and some late, but those that did, saved their lives."
Random Roving - March 27, 2009
The "reverse head & shoulders" is playing out according to the textbook:
A review of the Dow/Gold Ratio:
Remember what Mr. Faber said:
Tuesday, November 3, 2009
Sunday, November 1, 2009
"The new economic statistics put growth at a healthy 3.5% for the third quarter. We should be dancing in the streets. No one is, because no one has any faith in these numbers. Waves of money are sloshing through the system, creating a false rising tide that lifts all boats for the moment. The tide will recede. The boats aren't rising, they're bobbing, and will settle. No one believes the bad time is over. No one thinks we're entering a new age of abundance. No one thinks it will ever be the same as before 2008. Economists, statisticians, forecasters and market specialists will argue about what the new numbers mean, but no one believes them, either. Among the things swept away in 2008 was public confidence in the experts. The experts missed the crash. They'll miss the meaning of this moment, too. The biggest threat to America right now is not government spending, huge deficits, foreign ownership of our debt, world terrorism, two wars, potential epidemics or nuts with nukes. The biggest long-term threat is that people are becoming and have become disheartened, that this condition is reaching critical mass, and that it afflicts most broadly and deeply those members of the American leadership class who are not in Washington, most especially those in business."
'When I see those in government, both locally and in Washington, spend and tax and come up each day with new ways to spend and tax—health care, cap and trade, etc.—I think: Why aren't they worried about the impact of what they're doing? Why do they think America is so strong it can take endless abuse? I think I know part of the answer. It is that they've never seen things go dark. They came of age during the great abundance, circa 1980-2008 (or 1950-2008, take your pick), and they don't have the habit of worry. They talk about their "concerns"—they're big on that word. But they're not really concerned. They think America is the goose that lays the golden egg. Why not? She laid it in their laps. She laid it in grandpa's lap. They don't feel anxious, because they never had anything to be anxious about. They grew up in an America surrounded by phrases—"strongest nation in the world," "indispensable nation," "unipolar power," "highest standard of living"—and are not bright enough, or serious enough, to imagine that they can damage that, hurt it, even fatally. We are governed at all levels by America's luckiest children, sons and daughters of the abundance, and they call themselves optimists but they're not optimists—they're unimaginative. They don't have faith, they've just never been foreclosed on. They are stupid and they are callous, and they don't mind it when people become disheartened. They don't even notice."
The entire article:
Thursday, October 29, 2009
I compare our current economic times with a massive hangover. If there's one thing I learned after my 4.5 years at LSU, it is that a great party is always followed by a bad hangover. I would surmize that the "fun" and the "hangover" have a linear relationship. You can't just have the fun without the pain to follow. That's "natural law" of alcohol consumption.
We have to go back to 1982 to really understand when and how this party really started. Bartender Ronnie known by most bar patrons as "The Gipper" kicked the party off with a nice happy hour. Drinks were 2 for 1 and the party quickly kicked into high gear. Bar owner at the time, Mr. Volcker, loved the happy hour concept. Getting the patrons drunk early led to great revenues later in the evening.
When Ronnie announced that his time was up, the bar patrons asked for a bartender just like him. In steps George I who had all intentions of continuing the party. Unfortunately, the bar was sold just prior to Bush I starting his shift. Early in the bar ownership, Mr. Greenspan was more cautious with his drink specials. In 1987, a patron drove home drunk, crashed, and sued the bar.
Due to George's limitations, the bar patrons asked for a new bartender. In steps Bubba. He knew what the patrons liked. He restarted the cheap drinks and threw in a few dancing girls and free cigars. The party went into overdrive. Everyone was intoxicated and the drinks kept pouring and pouring. The law only allowed bartenders to serve for so many hours, so in steps new bartender George II.
At first, the patrons were cautious, but after seeing him beat up some unruly patrons, everyone got on board and the party continued. Bar fights started to breakout more often during George II's shift, but the alcohol kept flowing so the crowd continued to dance the night away. The bar ownership had changed one more time, but the new owner, Mr. Bernanke, promised that they were going to "party like it was 1999!". To deal with the fighting thugs, he just hired a bunch of massive bouncers to keep the crowd in line.
Some wise patrons decided that they had consumed enough for one night and they departed for home. The bar just didn't feel the same to them anymore. While they missed out on the wildest part of the night, they travelled home safely and quickly relaxed in the comfort of their home. George II, like Bubba, had to end his shift, but the remaining patrons were about to kick it up one more notch.
The new bartender, Barack, shows up and announces "tequila shots are 2 for 1 for the rest of the night!". Many hours into the partying, the patrons are so intoxicated they don't know right from left. Tequila is pouring everywhere and the bar is in high gear. Dancing and singing, the patrons don't want the night to end. Barry was so cool of a bartender, that he even drank beer with the patrons.
Without warning, the lights come on, and someone announces on the PA system, "last call for alcohol". There's a frenzy as everyone races to the bar to get one final round of tequila from Barack. Due to the limited time left, there is a lot of pushing and shoving. Everyone knows that all won't be able to sip one final round of tequila, salt, and lime. One patron yells, "one more body shot please!". The bar finally closes. Being daily savings time night, it was able to stay open one extra hour. One extra hour of tequila seemed like a great gift at 2 a.m.
At 3 a.m. the real partiers headed for their cars and the drunken ride home. Two were killed as they crashed head-on into a tree. Most were blessed to arrive home safely despite their inebriated condition. Sleep came and lasted well into the next morning.
As the bar patrons awoke, their head throbbed, and their muscles ached. Their mouths were so dry, they hardly could speak. They quickly questioned the decisions from the night before. One yelled "Why did we do those tequila shooters?". The other yelled back "Why did we do four rounds of those tequila shooters?". The third yelled "because it tasted good my friends!".
As the day wore on and the hangover continued, some started to get angry at the bartenders from the night prior. "They knew we were drunk. Why would they keep serving us?". Another stated "That last dude Barack should have never sold tequila shots 2 for 1. How could we pass on that?". "Yes, it's his fault one said to another. He just wanted to make the bar more money. He took advantage of us.".
Amazing to all, the same crew ventured into the same bar the next night. They didn't seek out the tequila, but they quickly shifted back into party mode. The weekend consisted of two nights, and they wanted to get their share.
So I ask, when will we hear "last call for alcohol!". Be proactive and head home from "the bar" early. Take some tylenol before bedtime and drink a lot of water! The party was fun and we all took part. Blaming the last bartender is cowardly and irresponsible. If you want to blame any, you have to blame them all. Remember, it all started at 2 for 1 happy hour. Don't blame the bartenders for your own decisions.
"A stranger was seated next to a little girl on the airplane. He turned to her and said, 'Let's talk. I've heard that flights go quicker if you strike up a conversation with your fellow passenger.' The little girl, who had just opened her book, closed it slowly and said to the stranger, 'What would you like to talk about?' 'Oh, I don't know,' said the stranger. 'How about nuclear power?' and he smiled. OK, ' she said. 'That could be an interesting topic. But let me ask you a question first. A horse, a cow, and a deer all eat the same stuff - grass. Yet, a deer excretes little pellets, while a cow turns out a flat patty, and a horse produces clumps of dried grass. Why do you suppose that is?' The stranger, visibly surprised by the little girl's intelligence, thinks about it and says, 'Hmmm, I have no idea.' To which the little girl replies, 'Do you really feel qualified to discuss nuclear power when you don't know crap?"
Wednesday, October 28, 2009
Tuesday, October 27, 2009
Monday, October 26, 2009
"As for gold, we don't hold gold in the hope of making a killing. We hold gold because gold is our safety net. The economic world is composed of debt and leverage. Even the US dollar is a product of debt. Only gold is pure wealth with no debt against it. Gold can't go bankrupt since it represents pure wealth. By the same token, diamonds represent wealth and Picassos represent wealth. The difference is that if you want to sell a diamond or a Picasso painting, there is no posted price for either. To sell a diamond or a Picasso, there's no bid or ask price -- you have to find an interested buyer."
Sunday, October 25, 2009
Saturday, October 24, 2009
"One of my central contributions centers on the idea that it is our monetary system itself that is out of step with reality. Everything else we see around us economically is merely a symptom, while the cause of our current and future ills is the dependence of our monetary system on perpetual exponential growth. A profound and important set of conclusions immediately result from the acceptance of this argument."
The entire article:
Friday, October 23, 2009
Thursday, October 22, 2009
Susan Boyle beats out U2, Springsteen to become Amazon’s biggest pre-sales seller of all time
By Niall O'Down
"I hate to say I told you so yet again – but Susan Boyle made me do it.
Take a bow one more time all the Susanites out there. You really deserve it. Amazingly, Susan Boyle just beat out Bruce Springsteen, U2, the Dixie Chicks and Coldplay over at Amazon.com. Amazon announced today that "I Dreamed a Dream" is the largest selling CD pre-order in the history of the Amazon.com music store."
Here is the list of the top 10 bestsellers:
Susan Boyle, "I Dreamed a Dream" (2009)
Norah Jones, "Not Too Late" (2007)
U2, "No Line on the Horizon" (2009)
Bruce Springsteen, "Magic" (2007)
Dixie Chicks, "Taking the Long Way" (2006)
Coldplay, "Viva La Vida" (2008)
U2, "How to Dismantle an Atomic Bomb" (2004)
David Cook, "David Cook" (2008)
Diana Krall, "Quiet Nights" (2009)
Clay Aiken, "A Thousand Different Ways" (2006)