Mike Morgan had an interesting post on his bog a few days ago Geithner’s Gift to Hedge Funds. I strongly advise reading Mr. Morgan on a regular basis.
Market Update – The market is up 6% as I write this . . . and moving higher. We are short the markets and losing quite a bit of money today. Do we bail out? I think not. I think reality will set in. And if it doesn’t, money will not matter. We are just steps away from a complete break down in government. It may take weeks or months, but I still firmly believe the people will rise up in revolt before the end of this summer. Our financial system was all but eviscerated today when T3C decided to turn our fate over to the boys and girls that created the mess we are in. And I close with this . . . not even King Henry was prepared to pull this obscene maneuver. He knew it would end far worse than the 1930’s or Japan’s lost 20 years. T3C was out of bullets and desperate to make friends with someone.
If the plan holds up, our country will collapse. That might take a year or two, but it is inevitable. That is inevitable, as we are throwing our money at the men that created this disaster. If the plan is pulled, the markets will move lower and I would hope our government allows free markets to work, even if that means painful times. Because the pain we will suffer under the latest plan, is pain we cannot recover from withou grave social unrest.
Government needs to address the problems, not create more. Government needs to go after the Wall Street Crooks, not reward them. Government needs to claw back what they stole, put many of them in jail, regulate the conduct of business and to dish out consequences to those that created the mess . . . instead of the people that are at the wrong end of this social and economic disaster.
Get outside everyday!
When the world is collapsing around you, you can always find peace and serenity in nature and take comfort in the fact that each of our physical existences is but a temporary insignificant blip. Went for a walk the other day. You can see how nice a day it was. Living in Mass. not too far from the ocean decided to take a walk along the shore. Looks like the last of the snow is melting, huh? That’s not snow though.
We have farms around here too. We even have silos. The guy that owns this land has a clam business. His biggest problem is what to do with the shells. So he uses them as pavement. Imagine having so many clams that you can pave miles of road with the shells. Thats a whole lot of shell!