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B4 The Bell Weak-End Den July 2 - 5


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Bill Bonners letter over at the Daily Reckoning is hilarious, Bonner of course lives in France and he and his wife decided to bring the kids to America for the summer because the Country to the kids is a distant memory. When the Bonners hit the U.S. is when the fun begins-by the way Welcome Joe and Zed to the thread-TE is our official greeter so I'm sure he will chime in. I have to ask? is Zed related to Ned?? ;)

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Sherlock:

 

Thank you for your kind welcome.

 

I can relate to your family problems. I am the only one in my family who "thinks like us" so I chose to play the position of Left Out on the family team. Those people who think they know everything are so irritating to those of us who do. :lol:

 

You asked; "Are you having any problems with water supply?"

 

Well, even tho we are in the middle of the desert, a river runs through it :rolleyes: , so there is no problem with availability, but like you say, if there is no electricity, it can't be pumped. But with Parker dam just down river (lake?) generating a lot of electricity, I suspect electricity will always be available, but I could be wrong on that if someplace else has higher priority to the generation. I doubt there is any restriction on how much can be pumped from the ground, and the lake replenishes the aquifer.

 

Near Parker dam water is pumped out on both sides and is sent to Phoenix and Tuscon on this side, and to San Bernardino/Palm Springs (and probably L.A.) on the other. How quickly they would be cut off in a crises or water war I don't know. Even with Lake Powell and Lake Mead so low (thanks to whomever it was who posted those pictures here), Lake Havasu has been constantly full, so you can see who has the political power. As Mark Twain said: "Whiskey is for drinking. Water is for fightin' :grin: ." And Mexico has also been upset because almost the whole river has been diverted before it gets there. None of the river reaches the gulf of Calif. from what I understand.

 

A bigger crises here in a "meltdown" would be food supply. We are pretty isolated out here, and 60 thousand people would use up all food stores fairly quickly. When I was caught up in hurricane Iniki in Hawaii in 1992 (catagory 5), I remember how hungry I got in just 24 hours :shocked . Wasn't that a Brown Suguaro?!

 

B.S.

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talked to a guy at the gym. he just bought a new explorer for $19,800 (seems like a good price to me). he apoligized, it has A/C and a CD player, but no leather seats, which he plans to have done next week (isnt that kinda expensive?). he bought it for his wife, so should allow his purchase of an $11,000 motorcycle. i was pissed he turned his old explorer (maybe 3 yrs old), it looked fine to me and id probably have paid what dealer did.

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Well futures are flat but it means squat until we get the fair value numbers which are late, which probably means Miss Piggy is looking at a lower open or they would have put them up by now!

Brian, we closed Friday above fair value by 1-2 points in the futures market.

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The Grasshopper and the Ant

 

OLD VERSION:

 

The ant works hard in the withering heat all summer long, building his house and laying up supplies for the winter.

 

The grasshopper thinks he's a fool and laughs and dances and plays the Summer away.

 

Come winter, the ant is warm and well fed. The grasshopper has no food or shelter, so he dies out in the cold.

 

MORAL OF THE ORIGINAL STORY: Self reliance and personal responsibility are important virtues.

 

 

MODERN VERSION:

 

The ant works hard in the withering heat all summer long, building his house and laying up supplies for the winter.

 

The grasshopper thinks he's a fool and laughs and dances and plays the Summer away.

 

Come winter, the shivering grasshopper calls a press conference and demands to know why the ant should be allowed to be warm and well fed while others are cold and starving.

 

CBS, NBC, and ABC show up to provide pictures of the shivering grasshopper next to a video of the ant in his comfortable home with a table filled with food.

 

America is stunned by the sharp contrast . How can this be, that in a country of such wealth, this poor grasshopper is allowed to suffer so?

 

Kermit the Frog appears on Oprah with the grasshopper, and everybody cries when they sing, "It's Not Easy Being Green."

 

Jesse Jackson stages a demonstration in front of the ant's house where the news stations film the group singing, "We shall overcome." Jesse then has the group kneel down to pray to God for the grasshopper's sake.

 

Tom Daschle & John Kerry exclaim in an interview with Peter Jennings that the ant has gotten rich off the back of the grasshopper, and both call for an immediate tax hike on the ant to make him pay his "fair share."

 

Finally, the EEOC drafts the "Economic Equity and Anti-Grasshopper Act," retroactive to the beginning of the summer. The ant is fined for failing to hire a proportionate number of green bugs and, having nothing

left to pay his retroactive taxes, his home is confiscated by the government. Hillary gets her old law firm to represent the grasshopper in a defamation suit against the ant, and the case is tried before a

panel of federal judges that Bill appointed from a list of welfare recipients.

 

The ant loses the case.

 

The story ends as we see the grasshopper finishing up the last bits of the ant's food while the government house he is in, which just happens to be the ant's old house, crumbles around him because he doesn't maintain it.

 

The ant has disappeared in the snow.

 

The grasshopper is found dead in a drug related incident, and the house, now abandoned, is taken over by a gang of spiders who terrorize the once peaceful neighborhood.

 

MORAL OF THE MODERN STORY: Only in America, do the virtueless prevail.

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