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		<title>How The Bail Out Works.</title>
		<link>http://www.motler.com/2008/10/17/how-the-bail-out-works/</link>
		<comments>http://www.motler.com/2008/10/17/how-the-bail-out-works/#comments</comments>
		<pubDate>Sat, 18 Oct 2008 02:43:05 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Stuff]]></category>

		<guid isPermaLink="false">http://www.motler.com/?p=51</guid>
		<description><![CDATA[Young Chuck moved to Texas and bought a Donkey  from a farmer for $100. The farmer agreed to deliver the Donkey the next day.
The next day he drove up and said, &#8216;Sorry son, but I have some bad News, the donkey died.&#8217;
Chuck replied, &#8216;Well, then just give me my money back.&#8217;
The farmer said, &#8216;Can&#8217;t [...]]]></description>
			<content:encoded><![CDATA[<p>Young Chuck moved to Texas and bought a Donkey  from a farmer for $100. The farmer agreed to deliver the Donkey the next day.</p>
<p>The next day he drove up and said, &#8216;Sorry son, but I have some bad News, the donkey died.&#8217;<br />
Chuck replied, &#8216;Well, then just give me my money back.&#8217;<br />
The farmer said, &#8216;Can&#8217;t do that. I went and spent it already.&#8217;</p>
<p>Chuck said, &#8216;Ok, then, just bring me the dead donkey.&#8217;<br />
The farmer asked, &#8216;What ya gonna do with him?<br />
Chuck said, &#8216;I&#8217;m going to raffle him off.&#8217;<br />
The farmer said You can&#8217;t raffle off a dead donkey!&#8217;<br />
Chuck said, &#8216;Sure I can Watch me. I just won&#8217;t tell anybody he&#8217;s dead.&#8217;</p>
<p>A month later, the farmer met up with Chuck and asked, &#8216;What happened with that dead donkey?&#8217; Chuck said, &#8216;I raffled him off. I sold 500 tickets at two dollars a piece and made a profit of $998.&#8217;<br />
The farmer said, &#8216;Didn&#8217;t anyone complain?&#8217;<br />
Chuck said, &#8216;Just the guy who won. So I gave him his two dollars back.&#8217;</p>
<p>Chuck now works for the Goldman Sachs.</p>
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		<title>Banks to Lend You Your Own Money.</title>
		<link>http://www.motler.com/2008/10/09/banks-to-lend-you-your-own-money/</link>
		<comments>http://www.motler.com/2008/10/09/banks-to-lend-you-your-own-money/#comments</comments>
		<pubDate>Thu, 09 Oct 2008 09:55:47 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Stuff]]></category>

		<guid isPermaLink="false">http://www.motler.com/?p=44</guid>
		<description><![CDATA[THE government is to invest £500bn of your money in British banks so they can lend it back to you with interest.
&#8216;I got confused&#8217;
The historic move is being hailed as a lifeline for the financial system as long as nobody asks too many questions.
Julian Cook, chief economist at Corbett and Barker, said: &#8220;The government will [...]]]></description>
			<content:encoded><![CDATA[<p>THE government is to invest £500bn of your money in British banks so they can lend it back to you with interest.</p>
<p>&#8216;I got confused&#8217;<br />
The historic move is being hailed as a lifeline for the financial system as long as nobody asks too many questions.</p>
<p>Julian Cook, chief economist at Corbett and Barker, said: &#8220;The government will give your money to the banks so the banks can start lending you that money, probably at around 7% APR.</p>
<p>&#8220;Thanks to all the interest you&#8217;re paying on your own money, the banks will make billions of pounds again and normality will be restored.<br />
&#8220;After a few years of this the government will cash in the bank shares it bought with your money and use the profits to build a huge f*cking dome somewhere.&#8221;</p>
<p>He added: &#8220;In case you hadn&#8217;t already worked it out &#8211; the entire global financial system is predicated on the assumption that you&#8217;re an idiot.</p>
<p><span id="more-44"></span></p>
<p>Chancellor Alistair Darling said the decision had been taken in tandem with the banking industry, adding: &#8220;They used a lot of dirty words I&#8217;d never heard before and one of them had an angry looking dog.&#8221;</p>
<p>Meanwhile, Emma Bradford, a sales manager from Bath, said: &#8220;Why doesn&#8217;t the government just give my money to me so I can buy stuff from businesses who will then make a profit and put it in a bank?&#8221;</p>
<p>But Mr Darling insisted: &#8220;Shut up.&#8221;</p>
<p><strong>DOES ALISTAIR DARLING HAVE WHAT IT TAKES TO RUN SEVENTEEN BANKS AT ONCE? </strong></p>
<p>Nope</p>
<p>CHANCELLOR Alistair Darling was said to be nervous and excited last night after being told he would have to run 17 banks at the same time.</p>
<p>Mr Darling, who has no previous experience of running a bank, has opened a new Word file on his computer and has already typed some headings in block capitals.</p>
<p>The chancellor said: &#8220;Barclays &#8211; now that&#8217;s quite a big one isn&#8217;t it? Right, so that&#8217;ll probably need all of Monday.<br />
&#8220;Nationwide I can do Tuesday mornings. I&#8217;ll split Wednesday between Lloyds and Abbey. HBOS is f*cked so that&#8217;ll need all day Thursday, and I can do the rest on Friday. Should be finished by half-four.&#8221;</p>
<p>He added: &#8220;Worst comes to worst, I can always take RBS home with me and fiddle about with it in the garage.&#8221;</p>
<p>City analyst Julian Cook said: &#8220;I believe British banking is about to enter an exciting new era of dreadful speeches, lost CDs and changing its mind every 20 minutes.&#8221;</p>
<p>Meanwhile, as the FTSE 100 continued to fall despite the £500bn pound cash injection, stockbrokers finally admitted they have not been completely honest with us.</p>
<p>Martin Bishop, a senior trader at Madeley-Finnegan, said: &#8220;Yeah, okay, basically what happened was last Christmas we all got shitfaced and ended up throwing £800 trillion into a volcano.</p>
<p>&#8220;It was all Fred Goodwin&#8217;s idea. He&#8217;s mental.&#8221;</p>
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		<title>Rotation Of Earth Plunges Entire North American Continent Into Darkness</title>
		<link>http://www.motler.com/2008/02/18/rotation-of-earth-plunges-entire-north-american-continent-into-darkness/</link>
		<comments>http://www.motler.com/2008/02/18/rotation-of-earth-plunges-entire-north-american-continent-into-darkness/#comments</comments>
		<pubDate>Mon, 18 Feb 2008 16:11:15 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Stuff]]></category>

		<guid isPermaLink="false">http://www.motler.com/?p=3</guid>
		<description><![CDATA[NEW YORK—Millions of eyewitnesses watched in stunned horror Tuesday as light emptied from the sky, plunging the U.S. and neighboring countries into darkness. As the hours progressed, conditions only worsened.
At approximately 4:20 p.m. EST, the sun began to lower from its position in the sky in a westward trajectory, eventually disappearing below the horizon. Reports [...]]]></description>
			<content:encoded><![CDATA[<p>NEW YORK—Millions of eyewitnesses watched in stunned horror Tuesday as light emptied from the sky, plunging the U.S. and neighboring countries into darkness. As the hours progressed, conditions only worsened.</p>
<p>At approximately 4:20 p.m. EST, the sun began to lower from its position in the sky in a westward trajectory, eventually disappearing below the horizon. Reports of this global emergency continued to file in from across the continent until 5:46 p.m. PST, when the entire North American mainland was officially declared dark.</p>
<p>As the phenomenon hit New York, millions of motorists were forced to use their headlights to navigate through the blackness. Highways flooded with commuters who had left work to hurry home to their families. Traffic was bottlenecked for more than two hours in many major metropolitan areas.</p>
<p>Across the country, buses and trains are operating on limited schedules and will cease operation shortly after 12 a.m. EST, leaving hundreds of thousands of commuters in outlying areas effectively stranded in their homes.</p>
<p>Despite the high potential for danger and decreased visibility, scientists say they are unable to do anything to restore light to the continent at this time.<span id="more-3"></span></p>
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<p>&#8220;Vast gravitational forces have rotated the planet Earth on an axis drawn through its north and south poles,&#8221; said Dr. Elena Bilkins of the National Weather Service. &#8220;The Earth is in actuality spinning uncontrollably through space.&#8221;</p>
<p>Bilkins urged citizens to remain calm, explaining that the Earth&#8217;s rotation is &#8220;utterly beyond human control.&#8221;</p>
<p>&#8220;The only thing a sensible person can do is wait it out,&#8221; she said.</p>
<p>Commerce has been brought to a virtual standstill, with citizens electing either to remain home with loved ones or gather in dimly lit restaurants and bars.</p>
<p>&#8220;I looked out the window and saw it getting dark when I was still at the office working,&#8221; said Albert Serpa, 27, a lawyer from Tulsa, OK, who had taken shelter with others at Red&#8217;s Bar and Grill. &#8220;That&#8217;s when I knew I had to leave right away.&#8221;</p>
<p>Ronald Jarrett, a professor of economics at George Washington University who left his office after darkness blanketed the D.C. metro area, summed up the fears of an entire nation, saying, &#8220;Look, it&#8217;s dark outside. I want to go home,&#8221; and ended the phone interview abruptly.</p>
<p>Businesses have shut their doors, banks are closed across the nation, all major stock exchanges have suspended trading, and manufacturing in many sectors has ceased.</p>
<p>Some television stations have halted broadcasting altogether, for reasons not immediately understood.</p>
<p>Law-enforcement agencies nationwide were quick to address the crisis.</p>
<p>Said NYPD spokesman Jake Moretti: &#8220;Low-light conditions create an environment that&#8217;s almost tailor-made for crime. It&#8217;s probably safe to say we&#8217;ll make more arrests in the next few hours than we have all day.&#8221;</p>
<p>Darkness victims describe hunger pangs, lassitude, and a slow but steady loss of energy, forcing many to lie down. As many as two-thirds of those believed afflicted have fallen into a state of total unconsciousness.</p>
<p>Many parents report that their younger children have been troubled, even terrified, by the deep darkness. To help allay such fears, some parents are using an artificial light source in the hallway or bedroom.</p>
<p>As of 2 a.m. EST, the continent was still dark, the streets empty and silent. However, some Americans remained hopeful, vowing to soldier on despite the crisis.</p>
<p>&#8220;I don&#8217;t plan on doing anything any different,&#8221; said Chicago-area hospice worker Janet Cosgrove, 51. &#8220;I&#8217;m going to get up in the morning and go to work.&#8221;</p>
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