spelling his home town correctly might have been wise
Frankfurt, not Frankfort
oy oy oy
it was not a real fun trip, if you can understand
it was a stimulating and interesting trip
if given an hour or two with that blonde, I would have put ice cream all over her body, then cleaned it off
that would have qualified the trip as fun
but she was only 20 yrs old
seriously, Jay, I got chilled a few times
the conversations left me realizing the financial world CANNOT repair itself, since it has gone 100% too far in US$ money supply, $10T too far in debts, 10 million jobs too far to Asia, and the USDollar 40% too high
these are unfixables
last night I talked with my college buddy whom I referenced as having worked for Rep Sanders, who will assist in grilling GreenScheiss
he said a few things which typify the current interventionist liberal mindset
"a recession with many bankruptcies and lost jobs is unacceptable"
"I dont have an answer on how the debts will be relieved"
"we cannot allow a harsh recession"
"companies cannot compete without supply lines from Asia"
"Jim, you have to put your mind to constructive solutions"
I left him wiht two questions, urging him that if he has no solutions, then nothing much else matters, and a harsh recession with colossal pain will eventually happen
1. how do we reverse the GDP's 78% devotion to debt service?
2. US firms can compete only if the USDollar comes down 30-50%, so are you prepared for the pain of currency readjustment?
if no answers, then dont bother me about constructive solutions
if you are not prepared to be part of the constructive adjustments, then stand aside and watch the pain come, because the Fed, by underwriting all financial insurance, has only built a higher cliff from which to fall, and it will begin with mortgage finance, an utter disaster
take it easy, JayManChugsFace
/ jim |
