ONE IN A THOUSAND
Well, I can report cheerfully that at least that Gott Damn holiday is over and done with. Everything else here is pretty crappy. I had to push the bike into work, it looks like I’m walking home and then back tomorrow, my feet are soaked through from the slush ( luckily it is only in the twenties ) and I’m nearly twenty minutes late starting lunch because since nobody seemed to have any plans on snow plowing ( the normal storm is two inches so everyone figures the cars will mash and scatter the snow themselves )- not even some of the casinos- and I’m dragging multiple carts of donations through unyielding slop as I’m dodging cars and hoping I don’t get stuck for a third time today. BLECH!!!! Son of a bitch Mother Nature. She can kiss my ass, lick my junk and go to hell. Anyway, that’s my story so you get a piece of crap article today at a reduced length. Sorry, my brain doesn’t work great when I’m this distracted trying to survive my minimum wage job.
On Monday, Zero Hedge had an article on the derivatives mess. They of course went on and on about arcane and unrepeatable complex crap ( you know the drill, how much of Nominal is in danger, margin calls or whatever, net and gross, blah, blah ) but what I got out of the article ( I’d have a link but SOMEBODY, I’m not repeating any names of co-workers, deleted the minimized page ) was simply that there is ONE- One Thousandth security on the derivatives. For every thousand dollars in derivatives there is a single solitary dollar of collateral. And let us all hope against hope that the single dollar isn’t real estate! One hundred billion security is it. For all the derivatives out there. That isn’t even a rounding error on the FedGov budget. That isn’t the start of any bail out the banks got. I don’t know about you, but to me this pretty much screams “WE ARE ALL GOING TO DIE IN A HORRIBLE MANNER ALMOST IMMEDIATELY”. Of course, to be fair, I say that a lot. So let me put it this way. If you gave your buddy a loan. Say for a couple of kegs of beer and some cocaine because if you can only afford crack you simply ain’t going to get and kind of classy gal. You give him a thousand bucks and he gives you collateral worth a dollar. Do you really, honest Injun, think that you will ever see your money? How motivated will your friend be to let you keep his collateral? Does any of this make sense to you, or are you still convinced Obammy The Magnificent has a proverbial garden of Green Shoots coming out of his ass. The ass falls out of the banking system, it is Game Over because EVERYTHING energy and food wise is 100% financed. Stop worrying that you can’t buy a GOTT DAMN SON OF A HUMPING BITCH TWENTY ROUND AR-15 CRAPPEN MAGAZINE and start worrying about economic meltdown.
ENDNEW Bison Blog CD For Sale
I've got an actual professional to achieve and format all the old blog on a CD-ROM. It turned out really nice- much nicer to read than online. It does cost $10 plus shipping, figure another $4 or so, which might be a bit on the higher side. But I think I'm worth it. My cut will be about $5. That isn't too much to ask for over five years of work and nearly two million words of pure brilliance. Here is the link to order:
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