Mike Papentonio has
told us in his ‘Ring of Fire” program a new twist in this whole Wall Street
Banker investment thing. You know about
unsecured real estate “sub prime loans” as they are reffered to” I’m not sure
why. But people get zapped by balloon
payments. You know about “Investment
Swaps” which is a form of “bond insurance” except that the “insurance” goes
bust and doesn’t pay up when they’re liable.
Then you have the idea of “derivitives” or bets on bets. Where this goes off the track is betting against
your own clients. And here is where it
is now. Because for an athlete to bet
FOR his team is one thing. He may know
the team had a good work-out or is really psyched up and has a good feeling
about this game. But for instance a
baseball pitcher betting AGAINST his team in a game where HE is pitching and
clearly is able to determine the outcome- - this is really beyond the
pale. You’ve heard of “Cornering the
Market’ in commodities where one guy basically controls the supply and can set
his own price. But here is the latest
twist. Some may argue that betting on
commodities such as oil or precious metals is risky and ill advised for a
banker holding your life savings. But
now these Banks are SO BIG that they OWN the SUPPLY of the commodities they bet
on. So this is behind an “elastic
supply” that we discussed, and even beyond “cornering the market”. NO this is YOU jacking up the price on
something you Control- - and making perhaps ten to one margin leverage money on
your OWN decision! This is a money
fiend’s dream beyond belief! These
people buy up massive amounts of aluminum or something- - they watch the price
go up - - and then the day before he floods the market with his product, he
sells out everything, or better yet goes Short- - and makes money on the way
Down - - too. The next segment was on
mal practice where in California there is a cap of $250,000 for a lifetime of
damage. If you are killed in the
operation or is you lose the wrong leg- - or the wrong hand- - or are
irreprebly blinded in a laser surgery gone wrong- or you are paralyzed from the neck down because
maybe the surgeon had undiagnosed Parkinson’s disease and was unsteady with a
knife- - $250,000 is all you get. Then
we have the ‘Shadow government” segment we already covered with George
Washington’s blog. So apparently this
whole topic of the shadow government is making the rounds now.
There was some kind of
quadrennial “Defense Report” released by this House of Representatives. The environmentalists have taken over
there. The warnings were dire about the
effects of global warming affecting military preparedness and safety. Then there was another report written in 2012
by somebody where Randy goes on to say that the Trans Canada pipeline would
raise the carbon dioxide count to 520 parts per million when we are now at 390
or something and rising and the safe level of 350 parts per million. And “Were it not for this- the planet would
normally BE in the cool part of its rotation cycle”. I don’t know how they came up with that, but
it means that soon the problem may get much WORSE even with little C02 being
added now. On a related front Ed Schultz
is having new doubts about the Trans-Canada pipeline if for no other reason
than all the phoney bologna stuff put out by FOX news and it bothers him that
he would be in favor of a project supported by so many LIES by the right wing
media.
Stephanie thinks that
Obama is portrayed alternately as a ruthless autocrat, or else some 98 pound
weakling who is hopelessly intellectual and academic to a fault and can’t make
a constructive decision on anything.
Both are actually true. This
morning I got up a little before six. I
am reminded that DLST begins this weekend, which nobody in this country is
ready for because we’re psychologically in the middle of winter. These polar vortex storms are still invading
the Eastern portion of the US and are now setting new low temperature records
for March. Chicago has a record number
of days below zero degrees. However the
times I’ve checked temperatures have almost always been in the teens – above
zero. I had this blog video- - from a
link in a portion of George Washington’s blog I had pasted. This link to a previous blog discusses “Even
if you have nothing to hide you still have much to fear from government
snooping”. The thing is “whether YOU
think you have done nothing wrong” doesn’t matter. It’s what the Government believes. Or worse yet what the government THINKS you
can be framed for doing- - if they should develop some reason for going after
you. They say that with this Utah site-
- the government hopes to come up with algorithm filters to expidate the search
for information you are “guilty” of.
Now there is more talk about masturbating in High School- - where
masturbators can’t get away with it anymore because they have cameras
everywhere. I turned off the computer at
ten to seven and switched on KNBC. The
store guy was there before seven and he had already gone through almost an
entire pot of coffee and started the production of a third pot, because there
are two hot plates. Steve was there, who
seems so “over-medicated” these days.
The old spunk just isn’t there.
We had pancakes for breakfast and sausage. They’ve been more generous with the syrup
lately, which is a good thing. We also
had Cheerios. I got my medication from
Ricardo on the way out of the building.
March is coming in line
a lion, and this March is so different from last year’s when flowers bloomed
prematurely. I used Google Desktop in a
search for my “cause and effect” karmic posting where I say that cause HAS to
be balanced by effect, just like the scales of justice, which everybody talks
about but nobody takes seriously- - at least if you’re a “vintage” liberal of
old, or a Born Again Christian, where they all but spit on the whole idea of
any reckoning of good deeds weighed against bad or any “scales of justice” that
would ever judge THEIR lives.
The trouble is, I have definite doubt about whether readers possess the
mental discipline to properly glean the values I was driving at in this posting
perhaps two years old. In Dr Levy’s
class last Saturday everybody was saying ‘They are signing people up now for a
one way trip to Mars in the year 2030, apparently by a private company.
As you may know Apollo XVII was not supposed to be the last moon shot
in December of 1972 but more moon shots were scheduled. However
suddenly all of these trips were aborted and the entire Saturn rocket
fleet was destroyed, which seems like a waste of expenditure our
government is famous for. Gerald Ford but the kabosh on plans to Prosecute ex President Nixon in September of 1974.
Other things have been aborted like Jimmy Carter's energy plan of July
1979 and putting solar panels on the White House room. Of course the
one pathetic planned attack on Iran in April of 1980 had to be aborted.
We were being primed for weeks about an October Surprise with the
hostages, but the only "surprise" is that it didn't happen. One wonders whether congress should have pushed for even stronger gun bills after President Reagan's attempted assassination. One of the
strangest case of "aborted plans' came in my personal life in late April
of 1990 when me and Debby Lies had been getting closer and there were
plans for her to come over to my place to bake chocolate chip cookies
the last Sunday afternoon in April. That never happened and there was a
communications black-out that lasted weeks. I never figured out what
happened- - except Debby broke up with a previous relationship
officially in early May of 1990. If anything this should have "cleared
the way" to spend more time with me. That didn't happen. The one thing
I remember was that Sunday at noon I was at lunch with parents after
church and I was going on and on about how close Debby and I were
getting now. Pardon my suspicious mind but I can't help that somehow in
those next two hours or so, a phone call was made and some kind of
bribery or arm twisting took place. Judas Priest went into a "Hiatus"
in 1991 that they never came out of. Another strange feature that Tom
Leykis or Joe Crummy pointed out (I forget which) was that "nobody
seemed to be running for President". There was like no word from
anybody, and notably Mario Cuomo who had been preparing for this run for
years. But nobody decided to run and you know who got the nomination
and what we got. NAFTA and the deregulation of the securities markets,
and the Destruction of the Broadcast Media as we knew it - - and of
course no Health Care.
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