The addiction to bailouts will doom the dollar system.
Wednesday, 29 October 2008
Monday, 27 October 2008
Synthetic CDO that fails in subprime securitization
Synthetic CDOs are magical things. They have no reality. But they exist. They are devious creations created by some of the most devious minds on earth. The search for the Holy Grail of untraceable, finger-printless, opaque, dark pool money machine was perfected a mere 10 years ago and it was unleashed upon this earth to exploit the Japanese carry trade's funny money 0% lending! See? When we talk about all these strange unicornic creatures created by the gnomes, we must never forget the ultimate reason: to exploit this amazing, once in the last 500 years event!
So the problem was, how to shimmy this good thing into the real economic world and thus, use it as a basis for building great wealth without lifting a finger or making anything exportable.
welcome to the Outer Darkness.
Saturday, 25 October 2008
Friday, 24 October 2008
Thursday, 23 October 2008
CRASH DANCE - song parody from versusplus.com on THE NATIONAL DEBT CEILING
Crash Dance is the song of the hour...
Tuesday, 21 October 2008
Saturday, 18 October 2008
Wall Street Rapsody
s this the real price?
Is this just fantasy?
Financial landslide
No escape from reality
Open your eyes
And look at your buys and see.
I'm now a poor boy
High-yielding casualty
Because I bought it high,
watched it blow
Rating high,
value low
Any way the Fed goes
Doesn't really matter to me, to me
Mama - just killed my fund
Quoted CDO's instead
Pulled the trigger, now it's dead
Mama - I had just begun
These CDO's have blown it all away
Mama - oooh
I still wanna buy
I sometimes wish I'd never left Goldman at all.
I see a little silhouette of a Fed
Bernanke! Bernanke! Can you save the whole market?
Monolines and munis - very very frightening me!
Oh Super senior, super senior
Super senior CDO
Magnifico
I'm long of subprime, nobody loves me
He's long of subprime CDO fantasy
Spare the margin call you monstrous PB!
Easy come easy go, will you let me go?
Peloton! No - we will not let you go -
let him go
Peloton! We will not let you go -
let him go
Peloton! We will not let you go -
let me go
Will not let you go
- let me go (never) Never let you go - let me go Never let me go - ooo
No, no, no, no, no, no, no, -
Oh mama mia, mama mia, mama mia let me go S&P had the devil put aside for me For me, for me, for me
So you think you can fund me and spit in my eye?
And then margin call me and leave me to die Oh PB - can't do this to me PB Just gotta get out - just gotta get right outta here
Ooh yeah, ooh yeah
No price really matters
No liquidity
Nothing really matters - no price really matters to me
Any way the Fed goes.....
Friday, 17 October 2008
Wednesday, 15 October 2008
Monday, 13 October 2008
Saturday, 11 October 2008
Wednesday, 8 October 2008
CNBC airs prediction of default in paper gold
link
Tuesday, 7 October 2008
Saturday, 4 October 2008
Thursday, 2 October 2008
Wednesday, 1 October 2008
Sharpton / Hitchens Debate - Can Morality Exist Without God?
I assert the answer is yes but that in the context of a civilisation it may be no.
Paulson's Hyperinflationary Folly! Endless Bailouts. The Current Economic System is Doomed.
conspiracy crazies have a field day.