South America

Yoga & Off-Balance Sheet Financing

The word “balance” has significant meaning here. When you take something “off-balance,” you are doing just that. In other words, balance is good (think yoga or buddhism), off-balance (think checkbook) is not good. On that note, what do you call Fannie Mae, Freddie Mac and Sallie Mae. Do they qualify as “off-balance sheet financing?” How about the Bear Stearns portfolio. The U.S. government did about 36 hours of due diligence on that one, is that one off-balance sheet too? Continued »

Recession Smession

Dramatic unemployment increases in financial services, construction and autos will be the real shoe to drop. Who will pay for all these billions of dollars of writedowns? Oh, I forgot, the Fed has the ability to actually print more food and oil – yeah right, was Bernanke ever taught the first rule of Economics: Land is Scarce.

So how much of our newly printed paper is currently being bought by our social security system – talk about drinking your own blood. The welfare state will inevitably be forced to solve their huge inefficient costs of entitlements and armed forces. Continued »

Polluted “Wealth”

These so-called “wealthiest” 5%, that burn so much carbon, also have 1.) The most polluted waters, so we are forced to import day old “fresh” fish from the “poorest” countries to avoid m-e-r-c-u-r-y in our local fish, 2.) Acid rain, yes our rain actually burns through car paint, and 3.) Toxic air, asthma is an epidemic among children in America. Further, more and more of the food eaten by the “wealthiest” is packaged and not nearly as fresh as so much of the food in so many of the “poorest” societies. Continued »