Saturday, September 20, 2008


Nice response to my question on government intervention in the financial markets from Naybob:

What do Adam Smith's invisible hand of the free market, peak oil and the Yeti have in common?

Answer: They are all unprovable urban myths.

Mantra: There are no free markets, and NOTHING in this world is FREE.

We do know one thing for certain, the central banks will have the printing press running overtime, from now till doomsday...

Take it from Baz Luhrmann's classic "Everybody's Free (To Weat Sunscreen)...

Accept certain inalienable truths, prices will rise, politicians will philander, you too will get old, and when you do you’ll fantasize that when you were young prices were reasonable, politicians were noble and children respected their elders.

or take it from our good friend Bert with whom we also concur, who insists, and invokes Don Henley:

Further to the point, Nattering One, during the stock market crash of 1929 and the ensuing Great Depression...

at least the CEO's whose abysmal decision-making led to those financially catastrophic events had the decency to leap from the windows of tall buildings to their certain death.

Today's criminally guiltless CEO's are rewarded for similar failures with golden financial parachutes guaranteed by the American taxpayer which they happily accept with open arms.

The land of opportunity has "spawned a whole new breed of men without soul" as Don Henley describes in his classic song, The Garden of Allah, a tale in which the Devil visits a large Western City (Los Angeles) and finds that he has become obsolete.

From Don Henley's The Garden of Allah...

It was pretty big year for predators
The marketplace was on a roll
And the land of opportunity
Spawned a whole new breed of men without souls
This year notoriety got all confused with fame
And the devil is downhearted babe, cause
Theres nothing left for him to claim

He said its just like home
Its so low-down I cant stand it
I guess my work around here has all been done.

Ah yes, Satan has been outsourced, in this depression, even the fallen one has fallen upon hard times. Truly a devil may care world, don't you think?

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