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Thursday, May 10, 2012
A Few Thoughts From The Queenbee
Life is not EASY unless you are RICH and live in a socialist country or RICH and live in a capitalist country or is it? Being RICH may be good if owning stuff make you happy, but it is temporary. You see even happiness is also transient. Here today and gone tomorrow.
Some people never leave their home town and others travel the world. Who is the better for it? You don't need to travel the world to find peace of mind or to enjoy living. If travelling the world is your gig then go. If you cannot afford it then have no regrets.
Being poor can allow you to appreciate what you have or create great suffering. One day it will all be GONE. The average Buddhist monk has one robe and a bowl for eating and they are some of the nicest and happiest people you will ever meet.
No one suffers more in this life than the RICH who lose everything or those who cling to life. Dying is the natural course of existence. Everything and everyone dies. Even this planet and the Sun will one day die. It is the nature of things.
To all my cyber friends don't get caught up in all the drama of life. We all come into life with nothing and go out with nothing. Don't ask me to show you the way as it is your path that you follow. I don't know if there is a GOD or Gods or nothing at all. We can walk along for a time, but in the end we go our separate ways and it is my belief that one day we will merge back into the oneness or nothingness that is all things. You see I am here, but I am not here. Neither are you.
I can no longer worry about wars or famine or other peoples suffering. As for the worlds economies as GAW says the K-Wave moves on. I cannot stop the unfolding of what will be. I try to live in the now and be in the now and then you will understand why I don't get all down and out about things when life doesn't go my way. What is the point?
One day in the future there will be no Euro and no US just as there is no USSR. Burma is now Myanmar and Peking is Bejing.
For my West Canadian friends Fort George is now Prince George.
In Australia Dumbletown is Beverly Hills (go figure)
For GAW do you remember Bytown changing to Ottawa?
Bombay to Mumbai
In Norway Oslo changed to Christiania then to Kristiania and back to Oslo again
Here's my favorite and never heard of it in the US
The city of Gay Head changed to Aquinnah, Massachusetts (Gee I wonder why?)
I was watching a film at the doctors office about the creation of the Earth. It took 4.5 billion years so say the scientists. Imagine how long that is and compare how long we live. Makes you feel kind of small doesn't it?
Want to believe that the world was created a mere 6000 years ago fine. That is still a long damn time.
So relax if just for today or just an hour. The markets will move up and down. Same thing with the price of gold and silver. Nothing is static. The Hive is also changing.
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13 comments:
You are correct, history stops for no one and change is inevitable. I can still remember when it was Peking and Bombay (and still are plenty of restaurants named Bombay Kitchen or the like). Or - how is this one: There was an elderly man in the Balkans who lived under five different empires and rulers. Everyone thought he must have traveled all over the world to have lived under so many different empires. Yet he had never left his own village!
I watch a TV program called "Harry's Law" the Sunday nights and the premise was to extradite an English Tea Shop owner for crimes he committed as a teen. He would tell his customers (who lived in the ghetto) stories about his travels and adventures. It made them feel like they were really there. He allowed them to travel the world that they never could do so on their own. It was very touching so much so that the judge stayed the extradition.
History marches on, regardless.
There have always been crisis going on, of one sort or another. The sun will still rise in the east in the morning.
I was talking to a truck driver at work who has been reading many well known non-MSM websites I would describe as "doomers". Not ZH, more like ones who make them seem like hopeless optimists.
So he is convinced that the world economy will crash within the year, stock markets will collapse, we are all screwed, etc etc.
I said he had to lighten up, things are bad economically now, but that is just part of the normal economic cycle - it goes in waves, afer all, and that means sometimes it's up, then it goes down, then up again.
But he has been reading a steady diet of doom for so long he is convinced everything is just swirling the drain for the final time.
Maybe it's just Spring, but I don't see it. The weather is beautiful, everything is green and growing here, things just don't look that bad to me.
It's all in your attitude. So lighten up, things aren't that bad, really.
Things look even better now:
"Jamie Dimon Misrepresented “London Whale” Risks, Admits to $2+ Billion Loss Plus Risk Management Black Eye"
"Jamie Dimon hastily arranged an after hours conference call today, in which he admitted to $2 billion in losses in the last six weeks from a trade by the “London Whale”, Bruno Michel Iksil in the bank’s Chief Investment Office, with as much as another potential $1 billion in losses in the offing. The position was a hedge involving credit default swaps, a product in which the firm has touted its expertise ..."
ha ha ha ha ha ha ha ha ha ha ha ha
sorry forgot linky:
http://www.nakedcapitalism.com/2012/05/jamie-dimon-misrepresented-london-whale-risks-admits-to-2-billion-loss-plus-risk-management-black-eye.html
Headline news all over tonight.
Poor JPM, I really feel bad for them. OK, I lied.
http://brucekrasting.blogspot.ca/
Bruce has a couple very interesting posts recently on the EUro value, what would happen if Greece left, and on the Fed and QE3 - and as usual I fully agree with him, his analysis is spot on, IMHO.
Have a look. A veteran currency trader and very smart guy, he knows of what he speaks. Just opinion, but some very well informed opinion.
It's also interesting to watch 'old' tv shows. We watch Barney Miller (80's?) and gold was 'in' then 'out.' Real estate was 'in' then 'out.'
We are all in flux. I think we can take the Buddhist bowl/lifestyle even one step further. Whenever we think WE have it bad, be assured many live in far worse conditions. As an oldster, I really want to see the THE BEST EXOTIC MARIGOLD HOTEL. Sounds like my kind of movie. Course, I can't AFFORD it but I'll put it on my rental list.
That's right CL many more people in the world have it worse than those who struggle in the US. Thanks GAW for the link.
Speaking of travel, no signs of despair in Paris, Rome or Zurich that I can see. (It would have to be pretty bad in the world for there to be despair in Zurich.) Life appears to go on as usual, compared to past visits. I am a Doomer, but I do not believe the end is coming imminently, even if there is a financial crisis a la Lehman. Not EVERYONE is gonna die.
As for those billions of years of the Earth's existence, I think it's the utter incomprehensibility of that amount of time that puts people off the theory of evolution. They mentally measure things in the timespan that they can conceive, based on their own lives, and maybe extending out through the lives of their grandparents. Not that they think that that's all there is, but it's a time frame they can relate to. It's a far cry from that to a billion years. I have no trouble imagining continents drifting, species changing over time, when it's that long a period. But if one's imagination is limited, easier to imagine a hurry-up job with doG in charge
Hey Bukko, you say doG, I say God. I have no problem with evolution but I'm not your average Christian, either. I don't even see where this is an argument. If God IS God He can take as much time as He wants and create what He wants in any way He wants to. He doesn't need to consult ME. And if there is no God and science is the answer then evolution can take as much time as IT needs. Nothing like looking at the stars, conception photos of the development of a baby seen with in vitro photography, or a majestic mountain or rolling sea to make you thankful to whomever is responsible.
I'd just like the people in charge here NOW to stop messing around with stuff. Are cell phones interfering with the bee's natural radar? Are genetic bred bug-resistent plants good or evil? And, my PERSONAL triumph...hormones for menopause.."Why what do you mean you won't take them? You HAVE to!" (I don't HAVE TO much in this life but die) Same with Fosamax which was given as a cure-all for osteoporosis...only it turns out it is of little benefit to women after menopause AND can do a number on hip fractures, dental work, etc. But every gyn was pushing it like mad (probably after getting payoffs from Big Pharma). Now was that developed for 'the good' of humanity? Or the Almighty Dollar?
On that note, I see a founder of Facebook gave up his citizenship. So it is okay for him to leave cause he doesn't want to pay taxes? Hmm...isn't that banker-type behavior??
My guess is as much as we'd like to deny it, we all fall prey to weaknesses of some sort. Some of us, however, at least TRY to overcome our flaws rather than wallow in them. Now if we could simply find THOSE people to run for office. My opinion of the hardest words in the English language to say, "I'm sorry. I was wrong. I don't know."
2 OT news articles I think might be of interest to those here. Neither am I posting for political discussion. They did, however, inspire me to buy some shiny stuff. We'd been debating and pretty much threw out a fleece as to what to do and then these, combined with JP Morgan, lit the firecracker under us. That means the shiny stuff will fall fast now as we are about as good, if not better, than Mammoth. One thing we DON'T do, however, is look back. Once a decision is made, you live with it.
1) Chinese media warns of war with Philippines
I haven't heard much of this here but it is being reported on overseas.
2) Palestinian prisoners on hunger strike in Israeli prisons. One or two are up to 74 days. IF this keeps up then I would expect to see some major fallout.
You are so right QB-- after all the excitement today, I visited my grandaughter, who gave me a big hug and asked me to take her to Dairy Queen. Sometimes the smallest of things are what really matter. Your mentioning of the Buddhist monk was a telling one-- ultimately when I arrived on this world I was butt naked, and will leave it in a similar state.
GAW is right on with Bruce Krasting. His posts are always a must read.
As for JPM, Fitch just downgraded them one notch. As such, they will be having to put up more collateral on come financial products, instantly costing them an add'l $2 billion this afternoon. Fitch also left them on "negative watch" and then added a serious comment with "implies there maybe some liquidity issues". That comment is a very serious charge, one which Dimon will ultimately have to address.
JPM will not fail. This too shall pass. Nobody will be prosecuted. At the end of the day, it was a trade in which some parties lost and others won. The sun will rise in the morning, and its going to be a beautiful day in central Minny !!
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