Monday, Monday
Big news with the 700 billion (with a B) dollars,
no it's not a typo.

You know you give that much money away, it's, say there are 250 million Americans, 
that's 4 dollars per billion and that means that it comes to, hum 700 billion
multiple 700 times 4 and we get the $2800 cost per person to give free money away to
people who are already rich.

OK, that's one conspiracy theory.

Or you can see that the very slick guy who comes from the hedgefund people
who is the secretary of God (in his mind) to rule the world without courts
saying anything, adjudicating what ever he wants after his failed policies drove the
train into the wall that his friends built crossing the track for just this purpose.

OK, that's a second conspiracy theory.

Consider my above sketches (conspiracy theories) as suspect nonsense.  Really, but
you know people are thinking this.  Read the comments at various financial sites
to see what people are saying.  People are looking for the devils of the details.
A pretty glaring detail (with a demon) is the idea that courts can
be removed from the process of sorting through this mess.

I don't like this 'no courts involved thing'.  How can that be Connstitutional?
Don't the courts hold 1/3 of the power?  Can not the courts just say out loud, "hey, no
we don't like this.  This isn't a democratic thing.  Congress can't vote away the courts at the
behest of Treasury."
Just because Paulson says so isn't any good.  I don't care if they don't believe in 
democracy or courts or responsbility, they have to share the power with the courts.  They can't make
a law that says that no judge can ever say anything against it.  That is not a Democracy.
That is not what our country is.  We can't allow that.  The courts have to be 1/3 of the power.



The New York Stock Exchange


Or we are not following the Connstitution.    It doesn't matter what the neo-cons say or the
trust fund Marxists (who run huge capital funds, by the way, with their trusts, you can read
all about if you want by just searching for it, read the financial reports of non-profits that
various politicians have worked for and if you really read it . . . you find out some
very interesting information on how these people groove around their poverty roads, oh those
rascally activast marxists with their donations to charities that then canvas politically for 
them and their candidates).

So, right away we see that the paper that Treasure showed us is flawed.  We can't agree to these
three pages.  They are already unconnsitutional as they do not allow for adjudication of
errors and the fixing of misapplication of power by the powerful who make a mistake. 
We aren't even saying that we know or do not know that these people are autocrats
who do as they will without any idea of what is legal and decide that it is legal even 
when it isn't because they want to.  We are saying that these good people (who want to help
so let's give 700 billion dollars with a B, no it is not a typo) might make
a mistake.  They might give money to the wrong people.  They might take away from people
who really need it.  They, oh, gasp, might commit economic tyrannies and all of this
with no over sight.

I don't think so!  It wouldn't be legal any way.
Oh, boys, boys, you're just drunk with power.  Oh, Harry, stop.  Really.  You can't
have all that power.  It wouldn't be good for you.  You'd turn into the evil emperor.
We all know you don't want that to happen.

You must do what Washington did, refuse the crown.


Statue of George Washington
at Federal Hall, New York City,
across from the NY Stock Exchange.


In case you want to see the proper way that you should proceed, you rascal,
there is a nice bronze on the court house kitty corner from the New York Stock
Exchange. I will link in a photo later.  It is a beautiful rendition of our
very first (and most handsome and fetching and admirable and Godfearing) President
who is knealed in the humble pose of knowing that he must ask God for the
good to come, and, of course, it will.
Washington was praying for all of us too.  He didn't want a central hedgemon
leader who got to say and do whatever he wanted to.  Mr. Paulson shouldn't want
that either.  It's too much power for one person.


We're praying with you George!


OK, that is a lot of moralizing and also shades of other conspiracy theories as well.
Blogs are so much fun because they are part social-science fiction, part sermon,
part rant, part Poor Richard's almanac . . .

What would Mr. Franklin say about this bail out?


Conspiracy of Greed explains it all

All of my skepticism aside.  
I don't believe that we are going
into an age of American Fachism.  It is too easy to just
blame the rich for what has happened.  
The reasons for what it is can be explained with the oldest
of human vices:  Greed.  A conspiracy of greed.

It is not the so-and-so group of who-ever-they-ares.  It isn't some international conspiracy.
It is not an attempt to destroy our nation and create an Amero Union, that's just another one
of those Internet conspiracy theories that comes from a guy who run a private mint and was
trying to sell silver coins of his own design.  Pretty cool idea really, to issue your own
art coins.  And I like a good metalic sculpture.  I am hoping to beable to get a 
replica of the 1907 Double Eagle which is one of the most beautiful coins that this nation
has ever minted.
I've gone off subject.

Now I will get to the end of this talka bout what Paulson is doing.  I believe that he thinks
that the value that we will get as a nation by scooping up all of this paper assest that, 
while illequid, actaully is mostly performing.  And if we hold the paper the people who are 
paying the notes will keep paying the notes for hte most part and paper will
increase in value.  If we let the dominoes fall then the paper will be scooped up by 
the very people who caused the problem, ie all of the Internationalist who for the last
few years have been looting our nation and putting huge sums off shore (oK, that sounds a 
little conspriatorial . . . unsubstantiated, perhaps wrong).  In any case, I am most likely
wrong about some of what I say.  I don't buy into the 'everyone is a faschist in Washington' line
that a lot of people take.  

It might be a huge windfall for the government if we scoop up all of that illequid paper.
Ice can be melted into water.  Or ice can start an ice age.

Are we going to have an economic ice age?
If we let all of the banks fail and we let all of the foriegn money buy it all up, all that paper,
then the foreign nations and un-known internationalists will own the whole world (some conspiriatorial
hyperbole).

OK, so we know that htye have to allow more oversight than what Paulson originally wrote in
his three pages.  We know that it has to happen that courts can have a say.  People should not
be left with out any recourse if Paulson's minions decide that they are fodder for whatevre 
chicanery (which we have to expect from some currupted . . . we do live in the real world).

So we let the courts in.  It makes the process better.  WE have oversight.  WE let people buy out
their mortgages and refinance at a lower level of what they owe.  We don't just call in all
the loans like the shylocks of the Rosevelt Administration did.  They destroyed so much that is gone
now so we don't even know about it anymore.  Ya, they were declared saviors and heros by the
demogauging press and media, but honestly there were things that happened during the depression, like
the sudden forced recapitialization of banks, many of which held performing loans but
just couldn't come up with the new capital requirements and thus were considered insolvent and
had to forfeit their assets to the larger entity.  And the confiscation of gold also 
violates very strong theories of private property which are agreed to be foundations of American
Economic Philosophy.

If Paulson is right then the US might make a windfall.
If he is wrong then . .  . who the heck knows.

Everyone squacks about 'the uptick rule'.  I haven't studied the issue.

Good news is that I checked my own 401K and it is little changed from early August.

I am going to ride through this without fear because fear ruins you.  At least
Rosevelt got that right.  Nothing to fear but fear itself.

Some people would have you believe that the rain will stop falling, that they will stop
delivering food to the people.
Things will go on pretty much the same for most of us.  But maybe some of those
who haunt the places of great wealth will have to move on to other digs.





the beauty of a blog is the informal nature of things.
However it seems clear to me that if I were to present
ideas then I ought to qualify them and use journalistic
discression.  That means that I could spell check, grammer check, blah blah
blah.

Lately I do then when I post on line (which I rarely do now).
And just today I had to edit a post I made on 8 Sept (about Kerouac's grave)
because I put does when I meant doesn't.

I suppose at some point I can pull all of this into the
word processor and out of the text editor so I can have a proper
spell checker.  But when I type in these columns I am just banging
the keys as fast as I can and I don't always look back because
I want to get my thoughts out.  That's sloppy, I know.


Well enough rants for now.  I will set this to show at midnight, but it 
is actually 11:30 now.
All photos are taken by myself and are copyrighted.  If you would like to use
them for your own pages then you need to compensate me.

Billy Perilli

September 22, 2008