Walter Sobchak: Am I wrong?
The Dude: You're not wrong Walter. You're just an asshole.
Walter Sobchak: Okay then.
The Big Lebowski
"A bucket shop is an establishment, nominally for the transaction of a stock exchange business, or business of similar character, but really for the registration of bets, or wagers, usually for small amounts, on the rise or fall of the prices of stocks, grain, oil, [gold] etc., there being no transfer or delivery of the stock or commodities nominally dealt in."
US Supreme Court in Gatewood v. North Carolina, 27 S.Ct 167, 168 1906
"I don’t think there’s any doubt that quantitative easing enabled the rich and the quick. It was a massive gift… I hope that we do indeed succeed in being able to say in the end the wealth effect was more evenly distributed. I doubt it.”
Richard Fisher, former Dallas Fed President, 2014
"A glance at the situation today only too clearly indicates that equality of opportunity as we have known it no longer exists... We are steering a steady course toward economic oligarchy, if we are not there already."
Franklin D. Roosevelt, Commonwealth Club Address, September 1932
Numbered — God has numbered your reign, and will end it.
Weighed — you are weighed on the scales, and found wanting.
Divided — your power will be divided up and given to others.
Daniel 5:25-28
On a positive note, beside cheap gas and home heating oil, I have noticed a marked decline in spam phone calls. Are they having trouble staffing their phone centers?
These certainly are interesting times.
Pretenses, long asserted, are dropping like flies.
The gold action on the Comex is fascinating. Like watching Dracula melting and turning into dust in the sunlight of an old Hammer film.
Are we being rescued by the very fellows who have led us into a financial asset bubble, and its grinding, destructive aftermath, again?
Forget it, Jake. It's Chinatown.
Have a great weekend.
