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Some say wealth is an illusion...

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18

May 17, 2010 – Comments (12) | RELATED TICKERS: BLU.DL2 , T , H

[for any Arrested Development fans out there]

Give me a dollar, no! the twenty. This is gonna blow your mind. Some say wealth is an illusion, well let's just see. For one moment it's here and the next...

.. Monopoly. You don't have it do you?

George Michael Bluth: I think I might.
Gob: Thats good cause alot of the pieces are missing. Ah, to play monopoly with my family again. I'd give anything to be eight.
George Michael Bluth: I'm thirteen.
Gob: Nah, I wasn't crazy about thirteen. The acne, the self-consciousness, the erections. You okay?
George Michael Bluth: Yeah, I'm good
Gob: Hey! there's the man I came to see.
George Michael Bluth: Uh, Uncle Gob where's the twenty?
Gob: Hey! a magician never reveals his secrets, that's what I started the whole alliance about.
George Michael Bluth: I don't need the secret I just need the...
Gob: What you need to know...
[dramatic pause]
Gob: Is that it's magic.
George Michael Bluth: Wow... It's so much like stealing.

hmmmm..... Monopoly money, stealing, where have I heard that one before... oh yeah:



ENLARGE

12 Comments – Post Your Own

#1) On May 17, 2010 at 1:22 AM, Option1307 (29.70) wrote:

Ha ha ha I just watched that episode the other day!

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#2) On May 17, 2010 at 1:27 AM, binve (< 20) wrote:

Option1307,

LOL! Me too :) My wife and I love the series and have watched it at least half a dozen times. Right now we are on season 3, the Mock Trial episode :).

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#3) On May 17, 2010 at 2:29 AM, 1315623493 wrote:

The dollar is at a 52 week high. Deflation is the name of the game. Inflation is far off the minds of Europe, and China is trying to deflate too. More money is about to get pumped into the global financial system and I say, let them. I love bubbles, fear, and volatility.

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#4) On May 17, 2010 at 8:03 AM, XMFSinchiruna (27.78) wrote:

BetapegLLC

I love bubbles, fear, and volatility.

That is financial schadenfreude in the first degree. With the stakes so terribly high, how can anyone say they "love" those things? I find that kind of excited and flippant sentiment over the tenuous state of the world economy rather disappointing. These are troubling times, and there's nothing to love about the challenges we face. Even those who think they have it all figured out and so will be islolated from the horrific effects of it all, are quite mistaken. This financial crisis has just begun, and it will significantly impact every citizen of the relevant economies.

If more money is about to get pumped into the system, on which point I agree with you, then deflation remains the most inappropriate expectation of all. When will people understand that you can have price deflation across many asset classes in a failing economy, but also have noteworthy inflation across many other (often more critical) classes of goods like food, fuel, and metals due to currency devaluation that occurs as a direct result of unprecedented intervention. Deflation is nothing to fear when governments stand poised to inject whatever sums of fiat money will be required to stem the slide. When people finally understand that inflation can occur independently of of the commonly understood causes thereof, then it will already be too late for them to protect their wealth the resulting maelstrom.

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#5) On May 17, 2010 at 8:49 AM, binve (< 20) wrote:

TMFSinchiruna ,

>>This financial crisis has just begun, and it will significantly impact every citizen of the relevant economies.

Exactly. Thanks for the comment!..

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#6) On May 17, 2010 at 9:24 AM, 100ozRound (29.44) wrote:

STEVE HOLT!!!

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#7) On May 17, 2010 at 9:26 AM, binve (< 20) wrote:

100ozRound ,

"Stand-in for ... Steve Holt?" 
"STEVE HOLT!!!"..

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#8) On May 17, 2010 at 9:32 AM, russiangambit (29.21) wrote:

Wealth is most definitely not an illusion. However, the virtual represenation of wealth is completely dependent on the integrity of the gate keepers. And since human s shown themselves to be 100% corruptable by various means (propaganda and mind games being the scariest) , the virtual representation of wealth is also 100% corruptable. In the end, the wealth is always stolen, unless you are the one of the gate keepers. The only hope is that you accumulate enough to last your lifetime.

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#9) On May 17, 2010 at 9:38 AM, binve (< 20) wrote:

russiangambit ,

>>Wealth is most definitely not an illusion.

Of course not. I was not seriously suggesting otherwise. Did you read the post above? I was a line spoken by GOB in Arrested Development. But the end of the coversation allowed me to segue into the loss of value in the Dollar.

>>However, the virtual represenation of wealth is completely dependent on the integrity of the gate keepers. And since human s shown themselves to be 100% corruptable by various means (propaganda and mind games being the scariest) , the virtual representation of wealth is also 100% corruptable. In the end, the wealth is always stolen, unless you are the one of the gate keepers. The only hope is that you accumulate enough to last your lifetime.

I agree with all this..

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#10) On May 17, 2010 at 10:26 AM, workfor (< 20) wrote:

Funny, I just got back from getting breakfast at Dairy Queen. I ordered their "big country breakfast" which came to $4.96 after tax. I gave the girl a five and she asked me if I wanted my change back. I told her to keep it. That 4 cents used to be worth one whole dollar in in america.....and they say slavery was abolished. Just thought I'd throw in my 50 cents worth.

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#11) On May 17, 2010 at 11:00 AM, binve (< 20) wrote:

workfor ,

>>That 4 cents used to be worth one whole dollar in in america

Yes indeed!

>> Just thought I'd throw in my 50 cents worth.

LOL! :)..

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#12) On May 17, 2010 at 3:14 PM, 1315623493 wrote:

TMFSinchiruna

I accept that bubbles, volatility, and group-think happen and will happen as a natural effect of capital markets. I find nothing wrong in saying, "I love bubbles, fear and volatility". I am essentially saying, "I love capitalism." Even though I'm an open leftist. 

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