Endings, beginnings and a little lagniappe
Well howdy, all my long-neglected peeps!
The ending? This journal. Those things that prompted me to let "xn" lie fallow and start "d_m_v" really just don't seem to apply any longer. And judging from my long, long silence, it doesn't seem that this particular bit of me really has anything of much value to add.
Does this mean, heaven forfend, that I'm shutting up permanently?
You should be so lucky :P
No, it leads to a beginning. I'd hoped to start a new journal with the name "facepalm", but of course that wasn't going to work. Someone else grabbed up a good moniker. Ditto for "twistedmystic". I settled on ruefullyamused. Nope, nothing there yet. I suspect, however, that a) there will be no further posts to "d_m_v", and b) there will be all manner of new material, in due course, at ruefullyamused.
Till then, it just wouldn't be fair of me to let anyone think I've truly left all of my wackiness behind, so I leave you with this bit of prognostication:
The US government will, in the not too distant future, complete the orchestration of the largest capital grab reallocation of publicly held assets into the hands of a favored few ever seen in the history of civilization.
I give you Fed acts to protect financial system
Mind you, I've been calling Fed activity regarding junk mortgage-backed securities a "bail out" now since it started. Only in the last few days have I seen anything in the MSM actually dare use the phrase. Even then it was seemingly without so much as a connotation of wrongdoing. It was finally just the correct easy word to use. I still haven't seen anything of a particularly alarmist nature be said about it. Then again, I haven't wasted my time looking. I don't need pundits to tell me there's a turd on my plate when I can see that there's a turd on my plate.
So why on earth would I presume to make such a radical prognostication?
"The central bank said the new lending facility for the primary dealers -- big Wall Street firms with which it deals directly in financial markets -- would be open for business on Monday and would be kept in place for at least six months.
It is aimed "to improve the ability of primary dealers to provide financing to participants in securitization markets," the central bank said. The loans extended under the new program can be backed by a broad range of investment-grade debt securities as collateral."
Here's hoping this is just another case of me being a strident dingbat. My gut says I'm not. My gut says that Uncle Sam is following his Basic Instinct. Put the plan out for the world to see in plain daylight. Who could possibly be so dumb as to telegraph a punch like that, right?
But c'mon. What is going to happen when "big Wall Street firms" default on these loans and forfeit their "broad range of investment-grade securities" to the Fed? What with them being collateral and all. I'm just sayin'. That's what happens to collateral, right? I don't see a way for the Fed to *keep* the assets. Oh, no. That's not how the game is played. A rigged system will be revealed, developed in secrecy well in advance a la Patriot Act, that will give the "public", i.e., favored finance interests, a fair shot at securing the assets on the open market for pennies on the dollar.
Of course, savvy gold investors will force the value of gold up dramatically, anticipating exactly such a move. But keep your eyes on IMF/Wold Bank. My facts here may be a touch wonky(ier?), but last time they revaluated their gold holdings it pulled the rug out from under the price of gold. They're overdue. My money, such little as I have, is on them revaluating their gold somehow, eerily, in the neighborhood of this asset grab.
No, I don't have any facts. No I don't have a PhD. I just have my spidey sense, and boy howdy, isn't it just a'tinglin' like a motherfucker? You bet it is.
Cheers :)
The ending? This journal. Those things that prompted me to let "xn" lie fallow and start "d_m_v" really just don't seem to apply any longer. And judging from my long, long silence, it doesn't seem that this particular bit of me really has anything of much value to add.
Does this mean, heaven forfend, that I'm shutting up permanently?
You should be so lucky :P
No, it leads to a beginning. I'd hoped to start a new journal with the name "facepalm", but of course that wasn't going to work. Someone else grabbed up a good moniker. Ditto for "twistedmystic". I settled on ruefullyamused. Nope, nothing there yet. I suspect, however, that a) there will be no further posts to "d_m_v", and b) there will be all manner of new material, in due course, at ruefullyamused.
Till then, it just wouldn't be fair of me to let anyone think I've truly left all of my wackiness behind, so I leave you with this bit of prognostication:
The US government will, in the not too distant future, complete the orchestration of the largest capital grab reallocation of publicly held assets into the hands of a favored few ever seen in the history of civilization.
I give you Fed acts to protect financial system
Mind you, I've been calling Fed activity regarding junk mortgage-backed securities a "bail out" now since it started. Only in the last few days have I seen anything in the MSM actually dare use the phrase. Even then it was seemingly without so much as a connotation of wrongdoing. It was finally just the correct easy word to use. I still haven't seen anything of a particularly alarmist nature be said about it. Then again, I haven't wasted my time looking. I don't need pundits to tell me there's a turd on my plate when I can see that there's a turd on my plate.
So why on earth would I presume to make such a radical prognostication?
"The central bank said the new lending facility for the primary dealers -- big Wall Street firms with which it deals directly in financial markets -- would be open for business on Monday and would be kept in place for at least six months.
It is aimed "to improve the ability of primary dealers to provide financing to participants in securitization markets," the central bank said. The loans extended under the new program can be backed by a broad range of investment-grade debt securities as collateral."
Here's hoping this is just another case of me being a strident dingbat. My gut says I'm not. My gut says that Uncle Sam is following his Basic Instinct. Put the plan out for the world to see in plain daylight. Who could possibly be so dumb as to telegraph a punch like that, right?
But c'mon. What is going to happen when "big Wall Street firms" default on these loans and forfeit their "broad range of investment-grade securities" to the Fed? What with them being collateral and all. I'm just sayin'. That's what happens to collateral, right? I don't see a way for the Fed to *keep* the assets. Oh, no. That's not how the game is played. A rigged system will be revealed, developed in secrecy well in advance a la Patriot Act, that will give the "public", i.e., favored finance interests, a fair shot at securing the assets on the open market for pennies on the dollar.
Of course, savvy gold investors will force the value of gold up dramatically, anticipating exactly such a move. But keep your eyes on IMF/Wold Bank. My facts here may be a touch wonky(ier?), but last time they revaluated their gold holdings it pulled the rug out from under the price of gold. They're overdue. My money, such little as I have, is on them revaluating their gold somehow, eerily, in the neighborhood of this asset grab.
No, I don't have any facts. No I don't have a PhD. I just have my spidey sense, and boy howdy, isn't it just a'tinglin' like a motherfucker? You bet it is.
Cheers :)