Off with their #@%%&!

I see the Baltic Dry Index is down again. http://www.bloomberg.com/apps/cbuilder?ticker1=BDIY%3AIND It’s a great indicator of the current state of trade in the world. Economic numbers trail the index and as we are in a mini upswing now, a few days will see the ‘official’ numbers set a gloomy tone on the markets. This will not be welcomed by Mr. Geithner who has put his faith buying toxic waste assets and in propping up a failed system by expanding the money supply there by risking the dolor. China is worried about this dolor bubble and has called for the reserve currency to be replaced. With what? They know there is no alterative and are playing kindergarten diplomacy in the hope they will mitigate Geithner’s plan and get something back for all the irresponsible loans they have made. At least China is trying to do something. Where is the public on all of this, are they blinded by the headlamp of this runaway dolor train. Speaking of which, it seems the French public is-in-fact acting and have kidnapped an executive of 3M. Laid off workers in Pithiviers France snatched their boss and are demanding … well anything I guess. It’s a blessing for the French business aristocracy that the guillotine has gone out of fashion, however, there is talk of it coming back. Max Keiser, the host of The Oracle has mentioned this device on more than one occasion. I hope Max finds a distributor for his show as the BBC seems to have dropped him. Perhaps his zany antics should parallel Monty Pythons’ for better British ratings. Just change spam to derivatives and make a new pilot. SPAM While a smaller version of the guillotine aimed a bit lower might soften the testosterone driven arrogance of some of these financial heads, it seems to me that as Max warns, gold is the only safe global currency. One past Oracle episode sees Max take out a gold coin and insist to the camera that everyone needs to have gold… in his exuberance he stormed off the set and when he came back a few minutes later he, to my surprise, unwrapped the gold coin and started to eat it! This I thought was brilliant because it demonstrated a survival strategy I had not thought of. Chocolate will keep for years and when we all find ourselves homeless, destitute and hungry we could rely on a chocolate stash. I should mention The Imperial Gold Company in the UK makes chocolates adorned with gold leaf. It would be prudent to put a few of these away for hard times and be assured that not only will you have a satisfying meal but you can pick the gold leaf out and trade it for extra insulin….