Hi LPS5,
Ahem, I'm kind of unused to being called Duray. You're welcome to do so. If that's your way. But Ray works fine here. :)
I've been cogitating on your self-critique about the magnum opus and I'd have to say, I've seen better technical work from you, but never any finer disparagement of another human being. So, I'd say it is in the eye of the beholder. Since I can take as well as give, I reckon you have been given to me as the curse I deserve for being a tad bit harsh on some of those I consider fools around these threads. Heaven help us when we come full circle.
I must note for the record though, your sniffiness regarding my use of the term pitcher is a howler. If you have so unclear an understanding of my erudition and command of etymology to conclude I made a mistake rather than a small joke you failed to comprehend, then I feel sorry for the obtuseness and curmudgeonly nature of your intellect. I attempted a bit of further humor by means of a Google search for the term "carnival pitcher", which to me is the archaic version of today's Wall Street analyst. Substitute snake oil salesman, tinman, whatever, and you get the drift, er, the pitcher. What I got, in my search was about 6,000 hits. Almost all of them, tediously, ugly containers I would never ever consider putting lemonade in. Carnival pitchers, indeed.
When it comes to baseball, I could care a whit about what happens on the pitcher mound. All I care about is the games the owners are playing. That's the fun part of the sport. Don't you agree?
So, on to a response to some of your magnum, Opie.
Morgan never left 21 Wall Street during the crisis in 1907. He never went to the floor of the NYSE. In fact, he disdained stock trading, considering it to be foul speculation. He sent his minions who bought Steel, Glass and other issues by the bushel's-full. You might consider a read of Ron Chernow's "House of Morgan". I found it fascinating, YMMV.
I don't tend to see the world in black and white myself…
Well, your citation of portfolio insurance as the cause of the 1987 stock market crash brings this self-description into question, LOL.
I stand corrected, and you are right. More correctly stated, the program insurance acted as a "tipping point". Your explication of all the antecedent activity on Capital Hill, the trouble with the M&A market, the tenseness of the players, etc. was boiling since Aug. '87. These aspects alone weren't enough to create the panic and the plunge. What I should have stated was that the program insurance was the "straw that broke the camel's back". A fascinating little read about how these sorts of triggers operate is Malcolm Gladwell's "The Tipping Point". Recommended.
…but I do sometimes write about that way for effect, in order to draw people out and challenge them.
This is the “escape hatch.”
No, I'm transparent. I just try to draw people out. I must admit, more remarkably successfully with you and your magnum, opie than with any other correspondent. A superior mind sees a challenge and can't help itself. That's the way I'm envisioning the prison I've put you in here. Hehe. I intended for you to have no escape hatch. And for both of us to have an intellectual escapade. So far, so good.
Washington has been hired by Wall Street to put the "full faith and credit" ...............First response: ROFLMAO. LMAO!
Second response: Been here, done this. Enter the conspiracy theory.
First response: I'm sorry you don't read or know history. Je suis tres, tres triste, mon ami.
Second response: Good god, haven't you ever heard of the Resolution Trust Corporation? What planet do you live on?
Third response: Get over your derisive attitude and pay attention to what I'm writing. You might learn something.
(Then again, I'm trying like hell to pay attention to what you are writing because I have a very strong indication I'll learn something.) :)
Conveniently for you, Duray, these approaches employ entities and/or beings involved in plots consistently (and inherently, of course) above and beyond the comprehension of individuals.
Precisely, and it is called the mushroom approach. Because those in control always attempt to keep the little people down by keeping them in the dark and feeding them a lot of horsechips. I understand that. That is simply why women weren't allowed to get higher education in the US until recently, why minorities like blacks were counted as 3/5 of a human being, why the Taliban totally subjugate women. Why bosses never told their hands on railroad/mining/construction projects how much was deducted for living expenses, why sharecroppers perpetually went further into debt, and why our schools never, ever teach kids about the results of compound interest and credit card debt. Because it's best to leave those you want to take advantage of in the dark. Living mushrooms. Easy marks. You don't see it that way?
Speaking of military men and conspiracy theories, here's a conspiracy theorist I'd love to see you try to de-bunk:
trilia.com
<Snip> I suspected I was just part of a racket at the time. Now I am sure of it. Like all the members of the military profession, I never had a thought of my own until I left the service. My mental faculties remained in suspended animation while I obeyed the orders of higher-ups. This is typical with everyone in the military service.
I helped make Mexico, especially Tampico, safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefits of Wall Street. The record of racketeering is long. I helped purify Nicaragua for the international banking house of Brown Brothers in 1909-1912 (where have I heard that name before?). I brought light to the Dominican Republic for American sugar interests in 1916. In China I helped to see to it that Standard Oil went its way unmolested.
During those years, I had, as the boys in the back room would say, a swell racket. Looking back on it, I feel that I could have given Al Capone a few hints. The best he could do was to operate his racket in three districts. I operated on three continents.
And more detail:
chss.montclair.edu
So, LPS5, if you don't believe in conspiracy theories, I believe you may be the more naive of the two of us. Hehe. Of course, I don't believe for one second what you sent on to me re: Weaver and Norwood. You're just dissembling der, brudda. Don't think I'm that easily fooled.
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Sorry, LP, your Long Play post dun tuckered me out, wore me down. I'll try to parse more of it later, when I'm not quite so bone weary. Though still wary. Dunno what yer game is. But it's kinda interesting, so I reckon I'll keep up my end.
L8R..... |
