Sr. Pessimist

Credit Crisis Review: ARMed for Failure

Who cares if things go to shit? There is no social mobility in the US. So what's wrong with "crooks" giving a half-assed attempt to get rich? Decorate it however you want.

As Banks Opt Out, What is the Real Purpose of Paulson's Super-SIV Plan?

Perhaps the wars in the Middle East were mostly an attempt to secure equities sufficient to cover the under-wraps debts at the critical banks of the system. Invading weaker countries in the Middle East and stealing their oil would theoretically provide the big banks- the financial identity of the US empire- with something to back the IOU. These IOUs mount to nearly $100 billion with Citi alone, if I read it correctly. The rich are the recipients of the initial debt principle, and the American slaves are trapped in the US Dollar system to cover some equity obligations. But if the capitalist system has already reached its expiration date, there's only so much you can do to torture slaves into working to place equity on the unpaired capital (the capital due to receive adequate equity by the debt's terms). But if the merit-poor rich simply can't push the capital-poor workers hard enough to cover the nasty debts, then wars are the last option to cripple other foreign lands into servitude to the ailing US system. In this case, either pipeline the oil out of the Middle East and steal it for ourselves or at least make a second Israel out there where they provide the US with proceeds from the oil. This would cover for the systemic debts incurred over periods of time where the rich robbed the poor more freely to only worry about the cost later on.

As Banks Opt Out, What is the Real Purpose of Paulson's Super-SIV Plan?

Every day of work I've surrendered to the system seems like a lost piece of my life. Now that I know so much about America, I feel that any good I do for the individual clients I see is trumped by the feeling I screwed out of a day of my life and whatever proceeds I generated from helping somebody went to benefit an evil system in the business of wars and crimes against humanity.

That's a lot of debt at Citi. I know the US system is very violent now. Very desperate and violent. The war activities might be a representation of how desperately weak the system's currency of oppression is. These are big banks in the business of managing an expiring power from the heirs of that power against the innocent victims of birth to capitalist society.

It's hard to be anything but negative about life in America if you understand enough about the world. I'd have to reduce my intelligence by one half to say that life and work in America is a good thing. It all goes to evil causes that betray even your own self.

So yes, Citi is in the crapper.

As Banks Opt Out, What is the Real Purpose of Paulson's Super-SIV Plan?

Nobody knows where all the purchased debt is. I think it's where it's not supposed to be. Like, off balance sheet or in some otherwise sturdy retirement portfolio. My peeve is the greed of capitalists.

I think I'd feel better holding up a huge bank than by working for money. I've poured blood, sweat, and tears into trying to make a living for myself. The system owes me, and it just seems everything I do is unappreciated and stolen from me. I just don't feel quite right about a hard honest day's work like I used to. I feel like committing crimes to get money. I've already paid my equity dues to this society.

Apparently, the best way to get rich is to hook up with a big bank big wig and sell bad debt but hide it from the balance sheet until you've gotten away with it. Why the hell should I work for money if crime is the only thing that pays?

Bank of America Must Know Something

The concept of a social company is popular now (workers own the company). That's more competitive than workers being enslaved by a company. When I started some recently, I talked with my contact at The Company Corporation, my agent filing service, and asked him about recent activity. He said right now a lot more people are "taking the plunge." People out of work are just starting companies. They see how easy it is to simply find a niche, produce equity for their niche, and sell it. You just need to put your mindset on producing it all yourself and then offering it to the public. So there are a lot of startups picking up some production slack as the US Dollar dies and loses its ability to import what goods and services the rest of the US economy needs to continue operations.

Bank of America and Countrywide Financial Discuss Alliance

This smells. I wouldn't touch anything that's been near the mortgage market. Probably doing this to increase the value of the quality that sheer quantity alone, in itself, has. "If you close us, you have to close all of us. We are bigger together than when apart. We stand together. Don't hurt us now. They lose their jobs, we lose our jobs."