Friday, September 11, 2009

Friday Night Weekly Wrap Up

It is Friday! A short 4 day week, but it certainly seemed to go by very slowly. I just received my Allen Brothers USDA Prime Beef order by UPS. Included are Prime Beef hamburgers for opening NFL Sunday as well as 8 8oz Filet Mignons that have been aged to perfection for the last cookout of the year next weekend. Take that all you vegetarians!

While readership has been light on the site for a while, I did notice that I have not heard from the original loyal reader Kevin for a while. i hope all is well and Kevin is just on vacation. Gawains Ghost has also been MIA, but I imagine he is feverishly preparing for the NFL opening weekend.

I am a bit burnt out tonight, so I think I will cover some items that caught my eye and then move on to the more fun stuff we always have on Friday nights.

Weekend Reading
The Automatic Earth has a true work of art up today, and I would recommend you spend some time reading the entire article (Ilargi's intro and the J.S Kim expansive commentary) because it captures what is truly at risk now that the market manipulation has many thinking all is well.
Through The Prism of Fraud and Poverty
Truly, there is no Plan B.

Deflation Conquers All
It seems the ravages of deflation excoriates all in it's path:
States Face Drop in Gambling Revenues
Impossible! Inconceivable!

The Real Evil of Purposeful Inflation
There exists a line of thinking that to escape the huge debt load of the US, we could inflate it away over time by engineering "elevated" inflation. I will not debate such thinking as it implies the central bank can in fact target anything with any success. Instead I found out what the real evil of sustained inflation could be (from Clusterstock):
New America Foundation Urges US To Inflate Our Way Out Of Debt
A new paper from the New America Foundation urges that US to adopt a policy of moderate inflation in order to allevieate the massive public and private debt burden.
Authored by Chris Hayes, the Washington DC editor of the Nation, the paper argues that too much debt will have a deadening effect on the economy, as people are consigned to “debtor serfdom” and the government cannot afford to provide basic services because of the cost of making its debt payments.
“The surest way to avoid such a fate is to jettison a central, indeed the central axiom of post-1970s neoliberal global capitalism, and that is to embrace a period of moderate, sustained inflation,” Hayes argues.
Ok, so whats the possible downside?:
Fortunately, not everyone in DC is jumping on board the inflate our way to debt-freedom bandwagon. Daniel Indiviglio a the Atlantic spells out a number of problems with the idea.
Ready for the lead off item of terrible consequences?:
It would more or less make future Keynesian stimulus spending from debt impossible.
No more Keynesian stimulus! This evil must be opposed at all costs! I mean, Paul Krugman would be out of a job if this happens.

China and Gold
There has been plenty of rumblings about China and what they may or may not be doing min regards to gold. Zero Hedge has a great guest post up that covers all the bases:
Guest Post: What The Heck Is Going On With China

Friday Night Entertainment
Time to move on to more pressing matters, like a mixed bag of fun!

Movie Quotes Restructured for Finance
This week I had a bit of interaction with the great site Illusion of Prosperity and the author Stagflationary Mark. I had remarked, regarding all the commercial properties being built in China that had nobody to lease them:
"If you build it, they will come? Maybe they could try baseball fields on the roofs of the buildings?"
To which Stag Mark responded:
GYSC, Field of Ponzi Dreams! ;)

And this got me thinking about a certain scene near the end of the film "Field of Dreams" and how a perfect quote could be made by substituting some words. Here is what I came up with:
Closing scene when the poor retail trader sees his long since debt imploded dad as a younger entry in the ponzi scheme:
"I had not seen him until later in the pyramid, worn down by redemption's!"

Of course I could not think of anything else but this kind of word play all week and so I offer two more modified movie lines for your enjoyment (hopefully!).

From Star Wars; A New Hope (Episode IV):
The scene when Darth Vader is told how the Death Star is now the ultimate power in the universe, so he responds:
"Don't be too proud of this high frequency trading technological terror you've constructed. The ability to front run your own clients is insignificant next to the power of the derivatives market."

Last one is from "The Godfather II" and the scene is when Michael wants Tom Hagen to agree to kill Roth at the airport:
"Mike, is it worth it? You've won. You got paid out at 100 cents on the dollar for your hedges. Do you want to wipe everybody out?
"I don't feel I have to wipe everybody out, Tom. Just my counter parties."
A little attempt at humor. Very little!

From the Department of Cool
Forget "run flat" tires and just go airless instead:

Very Wild!

How about a 5mm diameter gold piece hammered into a sheet a half meter square (small nugget at bottom of photo):

Now you know what malleable means.

It is not the size of the chicken in the fight, but the size of the fight in the chicken. Remember, size matters not!:
funny pictures of cats with captions
see more Lolcats and funny pictures

Film Clips
Inspired by Stagflation Marks unicorn cartoons, I found the key scene form the animated film "The Last Unicorn" in which King Haggard tells where all the unicorns have gone. Voice work by Christopher Lee (Count Dooku, Sauroman):

While not a film, one of my favorite scenes anywhere is a flash back scene from "The Highlander" series. Skip ahead to the 2:15 mark and you will see a tension filled head to head meeting between long time foes that cannot hide how much they hate one another:


Rock Blogging
After I was inundated with requests (haha) I will try and find some playable music for the masses.

Starting off with a great song that was on the "Silence of the Lambs" soundtrack, minus the disturbing imagery, try out Q. Lazarus with "Goodbye Horses":

I stumbled upon this wicked live show at Donnington of AC/DC and "Thunderstruck":

In the face of the manipulated bull market that will not quit, I will channel Dido and never throw up the "White Flag":

A song I used to listen to while boxing training was Iron Maiden's "The Loneliness of the Long Distance Runner" because it is inspirirng. For the best part, skip ahead to the 3:00 minute mark for the ultimate "keep going" push:

Last call! Time to close the show for tonight.

A little while back I gave some grief about somebody bringing up "Waynes World" in the comments section. I will credit the film with one major achievement, the band Queen finally got some of the credit they richly desreve as one of the finest bands of all time. Here is the song that caught most by surprise, but not if you already loved the band, "Bohemian Rhapsody:

Leave a comment, any comment, if you had a good time and....

Have a good night.


GawainsGhost said...

Well, I haven't been MIA, more like WIA, Working In Action. I do have a very expensive sports car to pay for you know.

And don't even get me started on the insurance. I don't get it. The old policy was under my father's name and included everyone in the family. But he passed away six years ago, and my brother and sister moved out before then. There's only me and my mother left, each living in our own condos.

So, when I bought the RX-8, I called the agent and told him I wanted a separate policy in my name only for the Ranger and the Mazda. My mother even went down to his office and signed the paperwork to remove my father, brother and sister from her policy. She has to carry her grandaughter on her policy, because she bought her an Altima a couple of years ago, but my mother kept in her name.

So, it's very simple really. One policy for me at my address for the Ranger and the Mazda. Another policy for my mother and her grandaughter at her address for the Malibu and the Altima.

I got my new policy. It still has me living in my mother's condo and has her and my niece on it. Moreover, my mother got her policy, and it still has my father, brother and sister on it.

I called the agent and asked him why. He said, "I'm just trying to save you money." How is having a twenty-something year old girl, who drives another car and lives in Austin, 400 miles away, insured on the policy for a sports car that has the equivalent rating of a Corvette going to save me money? He said that if he took her off my premium would go up $600 a year.

I hung up and went over his head, called the insurance company directly. I explained the situation to the representative. She understood perfectly, especially after I asked her, "Suppose there's an accident, someone runs into me or my mother in either car, and there's some question as to who is on the policy, do you think a lawyer who's trying to deny the claim is not going to ask that question?" She said she would speak to the agent.

Meanwhile, my mother had called him and had bought his BS. I told her, "NO. This is BS." There is no way removing a twenty-something year old girl off the policy on a sports car is going to raise the premium. It's not possible. So she called him back. Well, the insurance company had already talked to him by then and straightened everything out. What about the extra $600/year on my policy? Oh, never mind about that.

This is what I've been dealing with the last few days. Idiots. It's been very frustrating.

Other than that, yeah, you're right, GYC, I've been getting ready for some football. Working on my next Reality Football post, and generally getting drunk. I'm not very confident in these Cowboys, but I'll watch them nonetheless. I just hope I can survive the season without needing a liver transplant.

Stagflationary Mark said...


"Wendy? Darling? Light of my life? I'm not gonna hurt ya. I'm just gonna crash your stocks down. I'm gonna crash 'em right the f--- down!" - JACK TORRANCE (Jack Nicholson) in The Shining (1980)

"The greatest trick the devil ever pulled was convincing the world that deficits didn't matter." - VERBAL KINT (Kevin Spacey) in The Usual Suspects (1995)

"There's a lotta things about derivatives you don't know anything about, Dottie. Things you wouldn't understand. Things you couldn't understand. Things that bankers don't understand. Things that nobody understands." - PEE-WEE HERMAN (Paul Reubens) in Pee-wee's Big Adventure (1985)

"My Mama always said, 'Life was like a structured investment vehicle; you never know what you're gonna get.'" - FORREST GUMP (Tom Hanks) in Forrest Gump (1994)

"You borrowin' from me? You borrowin' from me? You borrowin' from me? Well, who the hell else are you borrowin' from? You borrowin' from me? Well, I'm the only one here. Who the f--k do you think you're borrowin' from?" - TRAVIS BICKLE (Robert De Niro) in Taxi Driver (1976)

getyourselfconnected said...

A long time ago I used to date a lady that was a car insurance specialist. She told me red cars get a bump in insurance premiums and I thought she was crazy, but its true! Anyways, I hope you can settle the issue. I think I will have a full picks post tomorrow for the NFL games.

you have outdone me by a mile! Can I use those in tommorows post? Awesome my man, just awesome. Thanks, made my night.

Andrew said...

Haven't heard Queen for some time. Good to hear them.

This is Lisa, I just didn't feel like signing out of Andrew's google. Very tired, long long long day.

getyourselfconnected said...

Lisa my Dear,
So glad you stopped in. I hope all is well. If you are run down, its probably the weather in the northeast right now; wet and cool.

Stagflationary Mark said...


Feel free to use whatever you want! I just enjoy word plays.

It started many years ago. I bought Conseco stock at around $30. I'm generally a very long-term investor but the wise postings from bears on Conseco's board kind of freaked me out and made me realize I was in over my head. I bailed at just over $26.

I hung around though and we flooded that message board with word plays, lyrics, songs, limericks, and so on as an attempt to warn others. Conseco eventually went bankrupt. The bears saved me a lot of money and I would like to think that I helped them help others save money too.

In fact, the press got a hold of one of my quotes and published it in an online article. It went something like this.

"Conseco is a procrastinator's dream. The longer you wait to buy, the cheaper it gets."


There was one Conseco permabull that we played off of. It was SO unreal. He was unshakeable and generally seemed to enjoy being the center of attention (since I think he thought he would someday be vindicated).

Unless there is more than one "joefrocks" (otherwise known as "Joe F. Rocks!") out there then I managed to find him. It's not all that easy to forget a name like that, lol.

Invest with caution, lol.

Stagflationary Mark said...

One more thought.

Make sure you check out that last link. You will not be disappointed. If you are like me you will walk away...

Baffled? Yes.

Confused? Yes.

Dizzy? Yes.

Disappointed? Not really. Anything that can baffle me, confuse me, and make me dizzy but still allow me to walk away is hardly disappointing. It's like a fun ride at an amusement park. Hahaha!

Anonymous said...


I've been around but I really haven't had a whole lot to say. My wife left yesterday for her annual 3 week visit to CA to go see her Mother and a couple of my daughter who still live in that hell hole so the dogs and I are batching it for the next 3 weeks, some of it's kind of nice having her gone and some of it kind of sucks but I'll manage as I have done it for the last 4 years.
I need to make a trip out there my self and see my mother, brother and sister but I hate traveling so much after doing that when I was working I think I'm going to break down and go next year. If it wasn't for that I would never make another trip to CA in my life.

I guess the dollar carry trade is the name of the game try to bailout the Boomer's and hand the bill to their kids and grandkids.
Don't know how long that's going to work but I think that is the Oh-man's handlers plans. Looks to me like the insiders are taking advantage fo the opertunity he;s given them and bailing into the life rafts and getting away from the US Titanic as fast as they can though.


Jeff said...


What a waste to have so much fine beef to watch the Patriots lose!

I think you need to go to burger patties when you play the Steelers in the playoffs!

Afterall, there is no sense in spending so much money to watch the Pats lose!

Jeff said...


We Steeler fans our obsessed with you coming into our house and beating us in the AFC Championship.

Its nothing personal. We just despise Brady and the Pats.

Go Steelers!

getyourselfconnected said...

good to see you, glad all is well.

Thanks for all the content!

I thought I was pretty clear, but just in case, I am not trying to start a conflict about football, I just like to talk about it. As the Pats do not play until Monday night, I should be in good shape for Allen Brothers burgers on Sunday! My other beloved, The NEw Orleans Saints, open vs the Lions on Sunday and I have this terrible feeling that the Lions win thier first game in 17 tries against the Saints! Gawains thinks being a Cowboys fan is hard, try being a Saints fan!

GawainsGhost said...

I don't think being a Cowboys fan is hard. I think being a Cowboys fan is an emotional roller coaster. They'll either impress the world or embarrass all real men everywhere.

If you grew up in Texas in the 60s and 70s, Tom Landry spoiled you as a fan. 17 consecutive opening game wins, 20 consectutive winning seasons, more playoff victories than any other coach, 5 Conference Championship victories in 10 years, but only 2 Super Bowls. It was exhilarating and maddening at the same time.

Landry left some championships on the field. He had this thing about choking in big games. He was too cerebral, and it cost him. Roger Staubach was the one who turned the team around.

That said, I still believe Landry was one of the greatest coaches ever, because he fundamentally transformed the game of football. Keys and reads, the 4-3, the inside/outside Flex defense, the multiple offense, situational substitution, the shotgun, the deep speed threat, are you kidding me? The man single handedly changed the game from the field fight it was before to the chess match it is today.

I also happen to believe that Dallas was robbed by the refs in Super Bowls V, X and XIII. It was all part of the league-wide Conspiracy against the Cowboys, but that's another story.

Still, I truly think that if Staubach hadn't come along, Landry would not have won as many games as he did and would not have won a championship.

It's the same with Belichick and Brady. Johnson and Aikman. Walsh and Montana. Knoll and Bradshaw. Madden and Stabler. Lombardi and Starr. In fact, the only head coach I can think of who won multiple Super Bowls with different quarterbacks was Joe Gibbs, and he did it with three.

Here's an interesting little bit of football trivia. Only three coaches have won over 70% of their games in the NFL. They are John Madden, Vince Lombardi and George Allen. The first two won Super Bowls, but the last one didn't. Isn't that odd?

getyourselfconnected said...

Great football tidbits! I had no ide Landry had a hand in modernizing the game to such a degree. I will have a short post up in a bit about opening day.

Anonymous said...

Free Casino Bonus tyuueooru - Virtual Casino
It?s obviously due the comfort and easiness arriving with the online casino that many people, at present, are choosing to stick with online casino rather the traditional land-based casinos.
[url=]Casino Games[/url]
All you need to is a well operating computer and an Internet connection and you?re done with your gambling.
Free Online Casino
No matter how far your casino is located With online casino, you don?t have to worry about the location of your casino because the only thing that creates between you and your casino experience is the internet, so all you need to do is getting connected to the Internet and you can enjoy the gambling without having to spend your time visiting the local casinos out there.

Anonymous said...

burberry online burberry outlet burberry outlet [url=]burberry sale[/url]

Anonymous said...

Hi to every body, it's my first go to see of this weblog; this weblog contains remarkable and actually excellent data for readers.

Feel free to surf to my page external link
My page :: this site is useful

Anonymous said...

A simple rule of [url=]Hogan[/url]
thumb is that if your dress is a [url=]Hogan[/url]
black color you could choose a [url=]Hogan Sito Ufficiale[/url]
smaller sized purse that is completely black has black trimmings. Another choice would be to pick a [url=]scarpe Hogan[/url]
more vibrant color such as red, silver or gold to further accent your entire outfit. The [url=]Hogan[/url]
tip here is to think of [url=]Hogan[/url]
your evening bag as an added accessory such as a [url=]scarpe Hogan[/url]
piece of [url=]Hogan Sito Ufficiale[/url]
jewellery as opposed to a [url=]Scarpe Hogan outlet, Hogan Sito Ufficiale Primavera-Estate 2013[/url]