Archive for the ‘just life’ Category

Ragnor the Barbarian, Warrior Chief of the Michenga Nation,North America 9000BC

Saturday, July 11th, 2009
The Michenga Nation, began as a defensive alliance formed between 5 related family tribes
Their honored ancestors had emigrated to the area, gradually ,over the previous 2000 years.They were a nomadic people,constantly on the move, following the migrating herds of mastodon,giant bison, camels, and wild horses.

They were periodically being pushed from behind by their sworn enemies, the savage Mongol nomads. First across the vast Steppes of Asia, traversing the Bering Straights, then spreading throughout the Americas, the Mongol lust for blood and slaves kept the two peoples in a constant state of war.

The Michenga were a proud peaceful people, slow to anger but skilled fighters when aroused.The Mongols forced them to hone their warrior skills.

The final retreat of the glaciers had left the far northern tundra of North America bereft of much vegetation and game.Starvation and death pushed the herds of herbivores and subsequently the predators south.

The increasing encroachment on their lands from the North by the barbaric tribes of slant eyed wild men known as Mogol, had resulted in the death of many good warriors, and the theft of several fertile women.

As individual tribes, the Michengas were too scattered and weak. In unity there was strength.

The North American topogrophy of 11 thousand years ago was vastly different. The area that is now the North American Great Lakes region was a large inland sea, created by the invasion and subsuqently the retreat of the glaciers during the previous ice age.

The valley of the Michenga lay between the Majestic Sea and the low mountain range to the east. There were dense, game rich forests to the east,encroaching on the foothills of. the mountains. The valley extended southward turning into rolling plains of fertile dark soil inhabited by herds of wild buffalo, giant elk, and wooly mamoth.

The northern terrain was largely rocky with very little topsoil and sparse vegitation. The future lush forrests of the far north were still engaged in a struggle for survival with a retreating frozen environment. .

Ragnor the Hunter was the Warrior Chief of the Eastern, Mountain Michenga Clan..



A Tongue in Cheek Explanation of Derivative Markets

Thursday, May 7th, 2009

 Hi Dear Friends and Readers ,

I think this is a very clever post that was sent to me by a friend.

I wish I could take credit for writing this, but enjoy the humorous explanation

At last, what we’ve all been waiting for, an understandable explanation of :::::::::  Derivative Markets :::::::::: 
Heidi is the proprietor of a bar in Detroit. In order to increase sales, she decides to allow her loyal customers – most of whom are unemployed alcoholics – to drink now but pay later. She keeps track of the drinks consumed on a ledger (thereby granting the customers loans).

Word gets around about Heidi’s drink now pay later marketing strategy and as a result, increasing numbers of customers flood into Heidi’s bar and soon she has the largest sale volume for any bar in Detroit.

By providing her customers’ freedom from immediate payment demands, Heidi gets no

resistance when she substantially increases her prices for wine and beer, the most consumed beverages. Her sales volume increases massively.

A young and dynamic vice-president at the local bank recognizes these customer debts as valuable future assets and increases Heidi’s borrowing limit. He sees no reason for undue concern since he has the debts of the alcoholics as collateral.

At the bank’s corporate headquarters, expert traders transform these customer loans into DRINKBONDS, ALKIBONDS and BARFBONDS. These securities are then traded on security markets worldwide.

Naive investors don’t really understand that the securities being sold to them as AAA secured bonds, are really the debts of unemployed alcoholics.  Nevertheless, their prices continuously climb, and the securities become the top-selling items for some of the nation’s leading brokerage houses who collect enormous fees on their sales, pay extravagant bonuses to their sales force, and who in turn purchase exotic sports cars and multimillion dollar condominiums.

One day, although the bond prices are still climbing, a risk manager at the bank (subsequently fired due to his negativity), decides that the time has come to demand payment on the debts incurred by the drinkers at Heidi’s bar.

Heidi demands payment from her alcoholic patrons, but being unemployed they cannot pay back their drinking debts. Therefore, Heidi cannot fulfill her loan obligations and claims bankruptcy.

DRINKBOND and ALKIBOND drop in price by 90 %. BARFBOND performs better, stabilizing in price after dropping by 80 %. The decreased bond asset value destroys the banks liquidity and prevents it from issuing new loans.

The suppliers of Heidi’s bar, having granted her generous payment

extensions and having invested in the securities are faced with writing off her debt and losing over 80% on her bonds.

Her wine supplier claims bankruptcy, her beer supplier is taken over by a competitor, who immediately closes the local plant and lays off 50 workers.

The bank and brokerage houses are saved by the Government following dramatic round-the-clock negotiations by so-called leaders from both political parties.

The funds required for this bailout are obtained by a tax levied on employed middle-class non-drinkers.


The Recession spelled Depression Part II

Friday, April 24th, 2009

Why is a Fed policy of almost 0% interest rate, and a $13 trillion bailout package not going to work?


Because we broke the game.

When the market crashed, and real estate  continued to fall, the American consumer was faced with massive layoffs, and a dwindling net worth both in IRA’s 401K’s and value of their real estate and other tangible property.

Americans have begun to look at their new SUV every year, the $6000 vacations, and the garage and basements loaded with unwanted stuff , and have come to the realization  that they have too many possessions , and less and less money to pay for them. 

Consumers have stopped buying on credit, they are reducing debt at a record pace, and are saying no on new purchases.

The basic formula which has driven our economy for the better part of the last 60 years is grinding to a halt, and has begun to unravel at an increasingly rapid pace.

After WW II and well into the 50’s and 60’s, we were a nation conditioned to save.We increased our bank accounts on a regular basis, and the idea of credit cards and borrowing to purchase was approached with temerity.

We would spend our savings to raise our families, and  educate our children, We were a lender nation.

In the 70’s Nixon took us off the gold standard. Instead of being backed by gold reserves, our currency was backed by the promise  and faith of the government.

The recession in the 70’s , spurred on by OPEC, turned into the stagflation of the late 70’s. The government attempted to fight the recession with large spending, and massive(at that time) increases in the money supply.

The influx of newly printed cash into a stagnant economy resulted in massive inflation and interest rates in the upper teens and low 20’s

Reganomics and the increased intervention by the Fed under Volker and Greenspan turned us into a nation of borrowers and shoppers. .We became a debtor nation.

By the 90’s, we were spending more than we made, riding every economic bubble and market excess to new heights of deficit spending.

By the 00’s, we had stopped saving entirely, making shopping the national pastime .

Every recession has been cured with easy credit and the ever expanding money supply/

This never ending credit increase led to the creation of more and more insidious lending instruments, leveraging  our homes as engines for credit, and making it easier and easier to purchase our homes without ability to pay for them.

Part III to come.

Fat Louie, the Duck, Buys a New Home,a Parable about Risk and Responsibility

Thursday, February 19th, 2009

Fat Louie was a  fluffy white duck

He lived in an area east of Atlanta, known as Snapfinger Woods, which was comprised of Snapfinger Woods Estates, a converted rustic style apartment complex, and a man made pond known as Snapfinger Woods Lake.

Fat Louie had spent the first years of his life happily swimming and splashing in the pond. He was the biggest and fastest of the small flock of ducks, and soon became head duck .

The human residents of Snapfinger Woods took great joy in feeding Louie and his companions.  They would throw bread, cake, and other foods into the lake, and watch with glee as the ducks raced to be the first to reach the food.

Being the biggest and fastest, Louie usually got most of the food. He would eat, and eat,and eat some more.

One morning, Louie woke up with a constant throbbing pain in his right foot. He had developed the gout as a result of all the rich human foods which he was consuming.

The other ducks quickly rejected Louie as being defective, and a danger to the rest of the flock. They chased him out of the water, forcing him to waddle around on dry land.

Louie became Fat Louie, and most days he could be found waddling around the apartment complex ,limping on his bad foot.

Feeling sorry for the “poor” duck, the human residents showered Louie with  an array of rich human foods, which made the gout worse.

He was forced to sneak quick splashes in the water, hobbling in and out accompanied by  a great deal of squawking and quacking as the rest of the birds rushed to eject him from the pond.

That Spring was unusually rainy, and the small pond gradually overflowed its banks, The water ran down a slight incline, soon filling  a nearby  gully, and forming a tiny secondary pond.

” It is time for me to get my own home” Fat Louie thought to himself as he surveyed the newly formed mini pond.” I have some duck credits saved up. I think I’ll go to the Greater Atlanta Duck Association (GADA) to apply for Duck ownership to the new pond,’Louie’s Little Lake’, as he had already secretly named it.

Drexel Duck, chief real estate liaison between GADA and the general duck population, was a small grey duck. His down was carefully groomed, and his crown was fluffed to give him the appearance of additional height.

He gave Louie a disinterested stare.” So you want to purchase a residence.. From your application, this is a new construction, Unoccupied?”

Louie quacked “yes”.

” I also see that you have a  10% downe payment” He continued. ” and you want to apply for a Fowl loan for the balance.”

Again Fat Louie nodded his agreement.

Drexel paused for a moment.” I will give you a government acceptance voucher. You will have to pay a small fee and a 10 % gratuity for my trouble,” he held out his wing waiting to recieve his “payment”.

Realizing the way that government worked, Fat Louie slipped him a fat envelope.

Drexel glanced inside, seemed satisfied, then continued.” Take this voucher and go to the Greater Atlanta Fowl Realty Authority(GAFRA) They have mortgage money available for disadvantaged  low income fowl.

Fat Louie put down a deposit of 10% and was able to borrow the 90% at 6% interest on a 10 year mortgage.

Louie’s Little Lake belonged to Fat Louie. He quickly settled in, building a soft moss nest on the far end, near the wild grass which Fat Louie loved  so much.

Fat Louie had been on human, public dole so long that he forgot how to feed himself.So, every morning he would hobble over to the  apartment complex, hopeing to catch the big humans before work, and the smaller humans before school.

He would eat until he was ready to burst, then when all the humans were gone, he would return to his new home in the suburbs.

The following Spring into Summer, the rains stopped, and a drought soon developed. The heat of the summer sun caused many of the lakes and streams in the greater Atlanta area to dry up. Water levels fell , and Fat Louie’s new home gradually returned to its previous rocky  dry gully.

Fat Louie went to GAFRA, asking for help. ” My home  has dried up. I can’t live there any more. What should I do?”

Earl Grey, the loan officer in charge of GAFRA looked down his beak at Fat Louie.” What do you want me to do? Pay your mortgage .”

Earl Grey was a very large grey goose. He had stopped off in Atanta during a migration several years ago, and had found it much easier to stay and feed off the locals that it would be to continue the endless flying. Back and forth, north then south then north again.

” Haven’t you heard about our new leader?”Asked Earl Grey.” The ADDOP elected a grey goose as flock leader for the first time in history. The word is share the wealth. We are all brothers under the feathers.

“But my home is worth less than the money I owe. “Complaine Louie.”Why should I have to pay ?”

“Did we force you to purchase this property?Asked Earl Grey.

“Listen,” said Fat Louie. It is my right as a citizen of the common flock to get assistance from the American Democratic Duck  Open Party  .(ADDOP)

“Sorry, ” Replied Earl Grey, ” Due to the prolonged drought, we have allowed our brother birds, including Geese, Swans, and migratory flocks from across the border, to share our lakes and ponds. If you need assistance, get in line with the Illegal arrivals.”

” Quack, quack, o.k.”said Fat Louie.” In order to help my fellow ducks, I will also help the other birds, even though they don’t help us, or work for the common good.”

” That’s the spirit,” encouraged Earl Grey

As a good citizen of Duck, Fat Louie continued to pay his mortgage. The drought and the recession among humans caused many of the humans to move away. The Complex and Snapfinger Woods Lake became somewhat rundown, and more humans moved away.

With the humans leaving the easy food became more scarce, and Fat Louie was now sharing his wealth with  thousands of illegan birds from Mexico.

The good news is that Fat Louie lost weight due to scarcity.

His gout went away.

He met a pretty Daisy Duck, and  what happened next  is a story for another day.

Fat Louie, a Duck With Gout, a Parable about Fowl Health Care

Monday, February 16th, 2009

Louie was an old fat fluffy white duck.

He lived in a small private lake east of Atlanta. The lake was man made as an amenity for a small  condominium community of two story rustic wooden apartments, known as Snapfinger Woods Estates.

The Lake was appropriately named Snapfinger Woods Lake.

At one time, when Louie was younger, he was the head duck of the small flock which claimed Snapfinger Lake as their year round private residence.

During the Spring, the flock consisted of  12 – 14 adults, and would expand to 18 – 20 by the end of  Summer.As the young left during the Fall and Winter, the flock would settle back to the core members, looking to Louie for leadership and content with the easy life of  a controlled environment.

The human residents of Snapfinger Woods Apartments would regularly feed Louie and his flock. Children loved to throw bread and cake crumbs into the lake, laughing with glee as Louie and his companions raced to be the first to reach and consume the morsels.

Louie being the lead duck, was the strongest and fastest swimmer of the flock.

When the humans threw food into the lake, Louie was always the first to get there, and invariably, he would eat and eat and eat. Only when he was stuffed would the rest of the flock get a chance at the bread , cake, and other delicacies offered.

Louie loved to show off how fast he could swim.

As the seasons passed, Louie found himself growing older and fatter. He was consuming increasingly large quantities of human food, and his once sleek muscular body began to expand, turning to duck flab.

One morning Louie woke from a deep sleep, his right foot pulsing with a dull throb. He tried to ignore the pain, quacking loudly to let his human providers know  that he was awake and hungry.

He moved his webbed feet, as ducks do, to begin swimming, while flapping his wings for speed and stability.

The pain in his foot intensified to a steady throb, and Louie was forced to stop trying to swim.

The other drakes, noticing Louie’s plight, began quacking and swimming  in circles. When the humans threw food, they quickly chased after the breakfast, leaving Louie sitting dead in the water.

One human began throwing bread towards Louie  , attempting to help him get a chance at some food.

He slowly and painfully paddled towards the bread, but the other ducks seeing his movement, turned and headed towards the floating food.

First one  and then another of the young males bumped into Louie, roughly shoving him out of the way.

“Quack, Quack, you’re damaged. ” They shouted,” You get no food. Only healthy ducks get to stay with the flock.”

” Why?” croaked Louie, feeling hungry and somewhat frightened. ” I’m lead duck.”

” Not anymore,” They quacked in unison,” Damaged ducks can not be part of the flock, Haven’t you ever heard of Charles Darwin, or Survival of the fittest?  ”

Sadly, for the first time in his life, Louie felt alienated and alone.He had become a victim of his position of lead duck, He had been too good and too competitive. He had always  been first to get fed, earning human applause and rewards for being the best and the fastest.

Sadly, now, his reward for being  more successful and competitive  was a very painful case of the gout.

The other ducks had always resented his success.

Louie was forced to leave the pond which he had ruled for most of his life.

Louie was faced with the most humiliating punishment possible  for being a successful duck. He was banished from the flock and forced to live on land, painfully waddling along the edge of the lake, his gout swollen right foot, a symbol of his fall from mediocrity.

He went to the next flock meeting of the Greater Atlanta Duck Association(GADA) to ask for help.

A large Gander, with a very long neck and narrow  limpid brown eyes looked  down his beak at the obviosly uncomfortable Louie, balancing unsteadily on his good leg.

“Stand still and lower your eyes when addressing  GADA. ” He huffed with disdain. ” We have very limited resources to cure injured ducks, especially older fat ducks such as yourself.”

He paused, looking very annoyed that Louie had had the nerve to ask the council for a cure, “We find you too old. The cure will be too expensive and must be saved  for more worthy younger members of the flock. Henceforth you will be known as Fat Louie, and will be forced to live out the rest of your days on land, so as not to contaminate or hinder the rest of the masses.”

Fat Louie lived for several more seasons, largely at the largess of the human residents of Snapfinger Woods Apartments. His wealth and position was spread among the others in his pond.

Once again the system had worked. The good of the many superceded the good of the individual. 

When the humans took pity on Fat Louie and continued to feed him on land, many of them lost interest in the ducks still in the pond and ceased feeding them.

A human recession helped to bankrupt Snapfinger Estates, and  the complex was sold to a developer who drained the pond and built a small office building and parking lot where the pond had been.

Fat Louie continued to live on dry land and the secretaries took pity on the fat duck with the bad right foot, and continued to feed him cakes and cookies, until his death from escalated cholesterol several summers later.

Moral of the Story: Sometimes being the best and the fastest gets you promoted to your own exclusive club.

                                           And sometimes it’s a pain in the  . a..  foot.

O K We Have our first Black President, Now What

Wednesday, January 21st, 2009

Well O K , the excitement and novelty is over.

We now have our first Black President. Now what happens?

Will he walk on water?

Will he outhustle Magic Johnson on the B Ball court?

Will he restore World peace?

  Is the Recession over?

Is the U S Banking system stabilized yet?

How about our two wars. Are the troops home from Iraq yet? Have we killed or captured Binladen?

Whats takeing so long?

Where is the complaint department? Do I take a number or is this being run digitally?

The World has been led to believe that our new President is magic, oops, that can’t be, Magic’s last name is Johnson

Good luck Mr President, you’ll need it. You have the world convinced that you are the Messiah, what are you going to do for an encore.

What Can You Buy With $50000000000.00?

Tuesday, January 13th, 2009

With $50 billion what could you buy?

A beautiful pony

A Castle in the sky.

You would have power over people

Your influence would be second to only a mosque,church or steeple.

Who needs so much money?

The question is why.

How much is enough?

How much can you spend?

How much can you buy?

So get a ship not a boat

not a swimming pool but a moat.

You can afford to buy anything, and anything more

How about a Judge,

Your own country

Your own army

Your own general store.

The money that was stolen is so difficult to comprehend,

Who can count a number who’se zero’s never end.

Try to spend $14.4 trillion

All those zero’s makes my brain bend


To All My Loyal Readers Thank You

Monday, January 5th, 2009

My Dear Friends,

I have been writing this blog for a little over a year.

I am not very Internet savy, so what ever promotional things people normally do to get attention on the Internet…I did none of them, at least not intentionally.

Ipso Facto(I hope I spelled it correctly)  You must find me entertaining , informative, and I’m helping in some way.

At the beginning of what is sure to be a difficult year, I just wanted to say thank you.

Thank you for being loyal.

Thank you for getting it.

If any of you have any comments or questions.. Please ask.

You are family, or at least friends.

Happy Healthy New Year.

I’ll do my best to help.

Love You All

The Relationship of Economics to History

Sunday, January 4th, 2009

Economics is a way of keeping score.

Economics is the way we are able to feed ourselves.

Economics is the engine that drives history.

The quest for quantitative gain, either in wealth or sustenance has been the propellant for most wars,  the march of  invading armies, and the annexation of  neighbors lands.

Economics is the fuel which drives society.

From the beginning of human history, people banded together first in clans, and ultimately in tribes and later nations, all with the original need to feed and protect.

To control the source of food and to allocate its distribution was an economic power that could decided life and death.

As society evolved, the symbiotic relationship  economics and history strengthened.

Today, the state of our economy has once again devolved to a more basic level. The days of indiscriminate spending on increasingly absurd possessions are fast disappearing.

Now we have turned into a dependent society.

We expect to be taken care of,,

Thank god for Obama and his Progressive minions.

Our needs are no longer our responsibility.

Pay my heating bills.

Buy my food.

Provide my health care.

Subsidize my rent.

Pay me not to work.


Deflationary Spiral, Are the Bailouts Working?Obama and F D R

Sunday, December 28th, 2008

We have been told many times in the past 6 months, that this is the worst financial crisis since the Great Depression.

As the popular story goes,  the market crash of 1929 , was the result of a failure in our free market system. We were saved from total devistation and massive unemployment, by the gallant dramatic intervention of President Franklin D, Roosevelt , and the creative innovations of his New Deal policies,.

This fairy tale has been repeated for decades, lauding Roosevelts bold moves, and the rescue provided by his Democratic Party.

In the light of the current economic crisis,this is an Urban Legend which must be examined.

After the market crashed in October 1929, economic activity slowed down as would be expected . A crashing Dow Jones is an obvious ,in your face ,sign of economic distress.

A speculative bubble had burst, and a recession was being announced.

In a recent article by Thomas  Sowell  he quotes unemployment statistics from a Vedder and Gallaway book, “Out of Work”. This enables us to follow unemployment statistics for the early years of the Great Depression.

The numbers are very telling. In November 1929 the unemployment rate was 5 percent. By December of that year unemployment had spiked to 9 percent.

Between December 1929 and June 1930, unemployment had dipped to 6.3 percent . A good healthy recession was  developing, but not the Depression which was to come.

What turned the Recession into a Depression?

In June 1930, Congress passed the Smoot- Hawley tariff act, in an attempt to protect American jobs, by restricting imports.

Within 5 months,the unemployment rate  had jumped to over 10 percent.

This initial tampering with the economy was followed by a series of  escalating, increasingly desperate

stimulus packages, eventually turning into FDR’s New Deal.

Public Works projects, the TVA, and a torrent of additional spending stimuli, transferred wealth from the private sector to the public sector, with the Government becoming our largest employer.

All of this redistribution and publick works stimuli resulted in an unemployment rate above 20 percent for for more than 3 years beginning in February 1932.

Throwing money at a recession by providing publick works jobs does not work.

Classic Big Government spending, even in massive record amounts did not work in the 1930’s.

A similar attempt to control recession by stimulating  inflation during the 1970’s engendered a decade long Stagflation.

President Elect Obama’s stated intention of providing a MASSIVE stimulus package to save the economy, sounds uncomfortably similar to FDR when he came into power.

Blaming all of this new spending upon his predecesors failings, parallels previous political expediency.

Overlooking the real cause of the problem, and  choosing to ignore the lessons of history are short sighted and dangerous .

The Stock Market Crash of 1929 did not cause the suffering and unemployment of the next 7 or 8 years. Roosevelts tinkering with the economy and the massive Government intervention  was what depressed the economy.

Take money out of the private sector and redistribute it to the population through stimulus employment, takes a pie that is already shrinking and gives it out to hungry people, but now there is no more pie, and the company that baked the pie has been  taxed out of business.

Let Them Eat Cake!!!

Next: Recession, Stagflation, Depression, what great choices.

Our dreams have turned into the nightmares of our past.