Prize

........... Recipient of the 2010 MacDougal Irving Prize for Truth in Market Manipulation ...........

October 1, 2012

One Way of Looking at this Thing


       A silly man kind of camps out in this tented community with seventeen wives and five consorts, and God only knows why because the silly man sure can’t tell us, which is frightfully clear every time he tries to explain himself, which is often, as one would expect.  All the wives and consorts work, or are supposed to anyway, and give the silly man money whenever he needs any, which is all the time.  Four of the wives can’t seem to find what you’d call steady employment, and spend more than they bring in - way more because they’ve been getting away with it for years - and now have these massive credit card balances.  Two rather industrious wives have great jobs though - and one saves most of her paychecks - so the remaining eleven wives and all the consorts want the two rather industrious wives to dip into their money market accounts and pay down the four massive credit card balances.

       While not exactly agreeing to this, except kind of in principle maybe, the two rather industrious wives in this curiously dysfunctional multi-tented family have let it be known that something has to be done about these massive balances and will be, but the four prodigal slackers have to agree to give up their credit cards first – and get a damn job.  Such a suggestion incenses the four prodigal slackers, who have all kinds of opportunities to be indignant because they’re not working full time right now, and some of the other wives and a consort or two are grumbling about pulling out and pitching their tents elsewhere, maybe with one of several friends who won’t have anything to do with any of them over money matters but live in the neighborhood too and hang out with the curiously dysfunctional multi-tented family at yard sales and soccer games and whatever else comes along on their block.

       Some people outside the curiously dysfunctional multi-tented family don’t see how seventeen wives and five consorts can possibly get along with each other, ever, and think that this is the problem really with these twenty-three people (don’t forget to add in the silly man), and those outsiders say that somebody ought to just shoot the silly man and let the wives and consorts go back to having their own separate, hopefully functional, single-tented families like everybody else, but, understandably, the silly man doesn’t think so and holds the curiously dysfunctional multi-tented family together by making silly suggestions, like that episode when he tried to tell the ladies to wear each other’s underwear on not-so-muggy days, or the one where the silly man looked under all the mattresses and made the seventeen wives and five consorts put their money in a bank.

       The silly man holds the credit card companies at bay with “serious discussions” and promises of more “serious discussions” at least twice monthly, and holds his “serious discussions” all over the neighborhood to emphasize how serious the “serious discussions” are, as if running up fancy hotel bills is the serious way to draw down four already-massive silly credit card balances.

       That’s Europe.

       Meanwhile, across the pond this formerly-moneyed lady keeps getting hitched to these degenerate ne’er-do-wells who’ve been taking her for everything she’s got, throwing much of it away on some fight clubs one ex started up and slipping the rest to her latest hubby’s worthless relatives who’ve gotten real used to someone else paying for their food, housing, doctor bills, meds, and all their you-name-its really.  Forty percent of these worthless relatives have spent time in the local penitentiary, and most of the rest just haven’t gotten caught yet, and a whole other bunch snuck into the formerly-moneyed lady's place illegally so they could demonstrate against anybody complaining they snuck into the formerly-moneyed lady's place illegally, and never get sent home where they belong, which is what happens there because ne'er-do-wells can be terrible bullies if you let them, and the formerly-moneyed lady lets them, and now the formerly-moneyed lady is broke.

       That’s the U. S. of A.

       Across a second pond a really large and hard-working family of illiterate farmer/crooks has been relocating into the city by teaching family members how to steal everything everybody else knows about everything, luring hapless foreigners into their trap with promises of profits and then taking the hapless foreigners’ businesses away and competing against the hapless foreigners with copycat products.  The moneyed lady with the string of ne’er-do-well hubbies found out that these illiterate farmer/crooks could make stuff really cheap, so she fired everybody working at her companies and hired illiterate farmer/crooks, and when she saw she could buy their stuff really cheap too, she did a ton of that as well, and now hardly anybody in the formerly-moneyed lady's place has a job or an income anymore.

       This dumb broad sent so much of her money over to illiterate farmer/crooks, the illiterate farmer/crooks about own her dumb a$$ by now.

       That’s China.

       And so it came to pass that the whole world discovered sovereigns could pull off all these finagles and shenanigans if sovereigns stopped paying the Average Joe interest on sovereign debts and sovereigns built up ginormous sovereign debts and didn’t pay squat for interest on them, and Average Joe got snookered into investing in nothing but common stocks, and …

       That’s you and us, subscribers, and … and … and …

       And your MacDougal Post staff is just sitting around patiently, right here kind of invisibly across from your computer screen, waiting for the calamari to hit the fan, so our observant team can pass that part along to you too.

       We’re not so sure you want to be looking forward to it though.