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alstry (35.70)

Why English Majors Should Stick To English?

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January 08, 2013 – Comments (5)

I am shocked that English majors can pose as investment advisors in this modern "information age" and get away with it for so long.

I wrote this letter in light of the events that have unfolded over the last few years while Enlish Majors have remained silent:

Dear All,

It's official, our nobel winning Economist says its OK to create TRILLION dollar coins.

http://blogs.marketwatch.com/election/2013/01/07/k...

Why not?

We created over 23 of them in the financial collapse and gave the proceeds to relatively few in our country. The only reason the profession of financial services/banking exists today is because of the last round of coinage.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aY0tX8UysIaM

As far as I can tell, only Warren Buffett sent a letter to his Uncle Sam thanking him for his massive share of the proceeds. Most of the rest of us buried our heads in the sand as we watched poor people beg for pennies....including myself.

http://www.nytimes.com/2010/11/17/opinion/17buffet...


Now we have a few Republicans, ALL OF WHOM GOT A BIG CHUNK OF THE LAST ROUND OF COIN CREATION, rebuffing this idea? I guess Republicans only like government printing and spending when it is directed to them.....

Hang on my friends, this will be fun......as We The People's money rightfully and morally belongs to We The People and not just the wealthy.   And since most of us are really not much more than well dressed consuming and polluting cockroaches pretending to have productive jobs or an "earned" retirement......it will be interesting to see how we react to this knowledge.
 
What is amazing is how long America and Americans remained silent to this incredible injustice......but soon the silence will be deafening as the truth is perculating to the surface......as is always the case eventually.

All the best,

Alstry

5 Comments – Post Your Own

#1) On January 08, 2013 at 10:42 AM, JohnCLeven (82.79) wrote:

As a biased history major, i'd just like to say that people from liberal arts backgrounds can certainly become astute investors. (That dosen't mean many will, ofcourse)

My background in history instilled me with some serious reading and research skills, as well as an insatiable curiosity. I later happened to find those skills far more practically applied in investing than in history.

Charlie Munger was a lawyer who never took a single economics class. His fund returned 19% while the Dow returned 5%. Then he became Vice-Chairman of Berkshire.

I know your article is about stupidity, not college majors, but the title was a tad misleading, and I felt the need to comment.

Thank you for enduring my rant, and have a nice day.

-John

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#2) On January 08, 2013 at 10:52 AM, L0RDZ (75.89) wrote:

Dunno  Alstry  according  to  the financial  news  media

about 80%  if  my memory serves me right hedge funds

under performed  the  sp market  last year ?

Maybe  english majors  can contribute with the likes of  great  historical  words such  as:

First they came for the Socialists, and I did not speak out--
Because I was not a Socialist.

Then they came for the Trade Unionists, and I did not speak out--
Because I was not a Trade Unionist.

Then they came for the Jews, and I did not speak out--
Because I was not a Jew.

Then they came for me--and there was no one left to speak for me.

The modern spin on it...

First  they  came  for  those who would not bend  the knee to the establishment  and government, but  as  I  thought I  had money, but not a  job,  I  did not speak out, because I thought  it  did not  concern me.

Than they came for those who had a  lot  of  money,  but as  I  didn't  have  neither a  job nor a  large  sum of  money and as  I thought it did not concern me, I  did  not speak out,  because  it  still didn't  concern me.

Than they came  for  those  who went  underground and didn't  pay  their taxes,  but  as  I  kept paying my taxes, even though I didn't have a  job or  a  large  amount of money and as they didn't  bother me  too much,  I  did not speak   out.

Than  they came  for  those  who  smoked  cigarettes  etc etc

ANd  than when they finally got around to coming for me...

there was no one left...

Is it something like that ?

 

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#3) On January 08, 2013 at 11:56 AM, alstry (35.70) wrote:

Charlie Munger made money BEFORE government started printing out TRILLION DOLLAR coins and handing em out to Wall Street in 2008....

Now Charlie Munger is nothing more than a BIG welfare recipient of government money....he happens to get a lot more than the African American family in SE D.C....

Why do you think Warren Buffett send a thank you letter to his Rich Uncle Sam?....he wouldn't like living in SE....

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#4) On January 08, 2013 at 11:59 AM, alstry (35.70) wrote:

PS...I have no problem with rants.....

It is amazing the progress humanity can make if people simply asked "why"

Our current education model frowns upon such behavior.....it simply rewards you for parroting back with the teacher says....even if it is wrong or there is a better way to do it....

 A few decades ago....Americans were always asking why...now it's almost impossible to find one...

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#5) On January 08, 2013 at 12:21 PM, L0RDZ (75.89) wrote:

The thought  police have  matrixed  the youth... and  many older ones who should  know better but don't mind enslavement so long as they are  house slaves...

believing that  living inside a  cocoon where you are force-feed  the  dead,  while  you are used up as a battery  is  somehow acceptable.

Ask why, but than do more, like take actions, why is not enough.

The question is, do *you* know why you are here?

You see there is only one constant. One universal. It is the only real truth. Causality. Action, reaction. Cause and effect.

Choice is an illusion created between those with power and those without

 

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