patrick.net

I think we're all paranoid, and looking for patterns (whether they're there or not).

Bombs AWAY!

Enjoy the Die Off. Pain is Relative, and always Remember:

THE RECESSION IS OVER!

An alcoholic can't drink unabated and live as long as he otherwise would. A bank robber eventually gets caught and put away. Serial killers always slip up and eventually get caught. The fat man that keeps eating pork sausages without exercise is going to have one hell of a heart attack one day.

The point is that it's always much easier to continue a bad habit until you've exhausted the ability for it to end on your own terms. Some external force always comes in and ends it for you, with the results either killing you, or causing permanent damage that can never fully be recovered.

It used to be that teaching a man to fish fed him for a lifetime. Now it's "Teach a man to fish and he'll fish out all he can, even if he doesn't need them, to the point where there are no more fish, and then he eventually starves to death."

But he'll be fat when he dies, and I guess that's the new American dream.

http://www.marketwatch.com/story/the-treasury-bubble-is-about-to-burst-2009-11-02?siteid=yhoof

No, you're not paranoid. The US government has been printing money to buy it's own Treasury bonds. What kind of bizarro world is that? Every few weeks when they do a new auction of bonds they proclaim there was huge demand. The reason there is demand is because they lend money to foreign banks to buy them for them.

It's like GM couldn't make money selling cars, so they decided to give every employee an extra $30K to buy a GM car so they could brag about how many cars they sold. How long do you think they can keep playing this shell game before the entire thing comes down like a house of cards?

Things are going to get worse, much worse, once people realize the entire growth in GDP was just government spending. Cash for Clunkers, Cash for Shacks, Stimulus pork being used to put a new tar surface on perfectly fine roads (btw, has anyone noticed how many resurfacing projects they're doing? Almost every road I drive on in my daily commute has a new tar surface or they are working on it). The government is doing everything it can to make things look like money is flowing, but it's all fake money anyway. How long can we live on printed money before things start to look like Zimbabwe?

repairing road is a good thing. at least in San Francisco, the road condition is preventing me from driving my nice sport car.

America got out of the shit in 1980s by robbing japan.

this time, the easy way out will be robbing China. of course, that country has nukes, and will not give out their saving like what Japanese did without a fight.

Talking about government printing money to buy treasury bonds. With the current interest almost zero and Treasury bond around 2%, it seems no brainer I should borrow from Fed and buy Treasury bond to earn 2% percent interest. If I can borrow 100K, I make 2K without any cost and risk. If I can borrow 100 million, I can make 2millions. I think that is why those big banks are making money now.