We don't need no water, let the motherf*cker burn

Right now in the halls of power, those who decide, are mulling over how much more of your money they are going to throw at the seemingly bottomless pit the American economy has become. How we got to this point is a long and convoluted story, ARM's, mortgage brokers, tranches, SIVs, credit default swaps, and derivatives. The whole thing is almost incomprehensible without long and dedicated study. Suffice to say there is a big problem and not one that can be ignored.

Or can it?

The Fed has been doing financial acrobatics since the market shuddered though its first seizure from "toxic debt" (bundled, credit default swapped, sub-prime loans amongst other things...) over 17 months ago with little or no effect. No saving going on here at all. This is not Big Bens fault. This mountain of crap was handed to him by Greenspan about two years ago, but Ben's handling of the situation will not be kindly looked upon by history.

My living body got sick this week. It proceeded to empty itself from both ends. I had a fever, I was weak, I ached all over, my head felt like there were two angry gnomes inside it fighting to the death. I did not eat for the better part of two days. I caught a bug and my body spewed it out and made my internal environment too hot to handle while my white cells went on a killing spree that would have made Manson envious.

The thing is, the market, in all it's complexity and diversity, is a living thing. It's made up of millions of decisions made by other living things. It’s organic. It lives, it breathes, it reacts to stimulus, it needs nourishment, it emits waste, and like all living things it is merciless with the weak.

Right now that living market is sick and all the measures undertaken in the interest of market stability or credit supply are only prolonging the inevitable bout of vomiting, diarrhea and fever that must take hold.


The market must be allowed to destroy the weak. To do anything else is to sentence ourselves to a terminal illness.



Burn, motherf*cker, burn.