Yves, thanks again for providing such a great site. I go to CR, Big Picture, and many other financial blogs every day, but I start here. You pick up many important thoughts and topics that I would otherwise miss. Please add a tip jar or Amazon wish list–it sure won’t make you rich but would make me feel better about the value I get here for free.

To me, this was a fascinating read–I never guessed she would speak so openly against Bernanke after the famous speech in which he praised her and Friedman.

This was a great selection of posts today. Thank you very much. And for stimulating such a discussion, one to keep coming back to.

That’s 10% of the total monies in the bailout legislation !!

And why does this not get published in a U.S. newspaper?

http://www.guardian.co.uk/business/2008/oct/17/executivesalaries-banking

The UK is a monarchy in which the Crown transcends all three branches of government.

The people are subjects of the Crown de jure and de facto. They may be elected by ordinary people, but Members of Parliament must swear their oath to “Her Majesty Queen Elizabeth, her heirs and successors” before the Speaker will allow them to take up their seat.

You cannot commit treason against the people. You can ONLY commit treason against the royal family.

Maggie Thatcher was a barrister, with a barrister’s take on the law. She knew what she was doing, and she knew for whom she was working.

what claims to the bank property does UK have in case of a default? Not that Iceland didn’t screw up big time, but invoking anti-terrorist legislation to freeze the assets seems like pretty desperate bending of existing laws.

I’m curious as to why the British have embraced the police state in such a profound way. I’m not sure why you all don’t just wear gps trackers and educate your children in secret police ‘informant schools’.

I’m baffled.

Iceland provoked the UK to retaliate by freezing Iceland companies’ assets, or otherwise, when Iceland decided to favor domestic depositors over foreign ones.

Commentary on Iceland UK Crisis

will you please comment on the situation between UK and Iceland?

Is Britain a country of laws?

The transformational shift from being an agrarian society to an economy based entirely on illusionary synthetic derivatives, was a whiplash-like impact which essentially crashed modern finance into a brick wall of reality.

After the failure of The Bush Coup and The Ownership Society, the ultimate outcome will be pet slavery; pets, like the kitty in this picture from Yves, will be forced into the duel role of being pet and tractor operator. This transformation will clearly be the final result of massive labor shortages, which will result from a generalized condition of sloth.

Many among us will simply drool and then blame The Large Hadron Collider, while others will point fingers directly at believing that the fall in stock values in 2008 were the result of a misunderstood tax proposal presented by Barack Hussein Obama II. Nonetheless, few will place blame on the movement to employ cats as migrant workers. The fallacy of blaming tax increases on this social evolution is obviously mythical, because many of the wealthiest farming corporations were given tax credits for domesticated animal training programs — which they failed to implement, due in large part to sloth.

IMHO, these cascading social changes are unfortunately, the result of a ubiquitous and omnipresent network of micro-sized black holes that have in some way altered brain cells, e.g, it is my opinion, that Astrocytes, which are star-shaped glia which hold neurons in place like glue, have simply lost bonding ability and thus many of our leaders, both in farming and out of farming, e.g, members in The Senate and Congress are suffering from gliotransmitter dysfunctions which can replicate Alzheimer’s disease-like dysfunctionality, which results in an inability to reason. The chaos we see in society as we have known it, is going from small pockets of attention deficit disease to full blown anarchy. In reality, I don’t see a violent revolution or reign of terror, I envision collective sloth, which will be like everyone around the globe being dosed with lithium, marijuana and a few beers — 24 X 7. While that might sound fun, in general, there may be social and economic consequences which will make us all more dependent on The Animal Right To Work Law, which has been stalled in the lower house for almost a year (WTF is that all about).

This collective Alzheimer’s condition will result in greater socialized dependencies and the reliance on a service network that could collapse, leaving humans in a very awkward position. FYI: “A feral organism is one that has escaped from domestication and returned, partly or wholly, to its wild state. The introduction of feral animals or plants, like any introduced species, can disrupt ecosystems and may, in some cases, contribute to extinction of indigenous species.”

Hence, We, as a society will live in a time, when cats may simply decide one night, or one afternoon, to walk away from farming job opportunities — leaving an empty void of labor which could destroy our ability to eat! Who then among us will drive these frightening tractors during The Autumnal Equinox — when we know not where the keys are, or the crops, or the door? As the great Joe Walsh once said, “it’s hard to leave, when you can’t find the floor”.

The 2008 $777 Billion bailout for banker friends, which made no sense to anyone (ever) — and now, with all that other shit going on lately — this weird stuff will just keep happening, and when The Large Hadron Collider is turned back on next Spring, does anyone really friggn think things will get better? I”ll answer that for you, the answer is no, because no one among us can think now — because your brains are already like mushy putty and the glue that holds together your identity, is gonna go from gloppy putty to jello nailed on a wall!

In closing on this Sunday morning, I’d like to suggest that We have to just say no to The Large Hadron Collider — so, Please (I wont beg yet) Send Cash to me, so that I can go there myself to Switzerland, Jimmy Bond-like and blow that fuc_er up! Who else will do it… huh?

I think you mis-linked to the Gretchen Morgenson arti in the links.

(btw, big fan of your blog though infrequent commenter)