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Ponder this

The thermometer of success is merely the jealousy of the malcontents.

~ Salvador Dali

Stilton’s Place

Toon in

Collectivist Banking

Just when you think your money is safe…

Banking – This ain’t no foolin’ around…from Rico

Once upon a time, you took your money to a bank for safekeeping and the bank paid you interest on the deposit of your money in their bank.- The bank was accountable to you for your money.
Not any more.

We have gone from ZIRP (zero interest rate policy) where no interest was paid to depositors, to NIRP (negative interest rate policy) where depositors pay the bank for safekeeping their money.

But it has gotten even ‘better’ than that.

The laws have been changed once again, and when you deposit your money in a bank, it ceases to be your money and it belongs to the bank at the point of deposit.
– Depositors are now unsecured creditors to the bank that owns their depositor’s money at the point of deposit. Yes, you read that right…my regulatory sleight of hand. By depositing your money into a bank, your money becomes the bank’s money.

If the bank screws up, displays bad judgement, or conducts sloppy business and has a problem and/or fails, guess what? Aaaand it’s gone. [think: Cyprus].
– Unsecured creditors get paid back last for pennies on the pound…if they get paid back at all.

Banking today.
– You can go ‘broke’ by running out of money [read: Argentina], or you can have plenty of money that’s worthless [read: Venezuela, Zimbabwe] and be ‘broke.’ Pick one.

To badly paraphrase the lyrics of the Talking Heads:
“This ain’t no party, this ain’t no disco…this ain’t no foolin’ around.”

Idiot’s Corner

…an insane day.

This photo taken off of Drudge this AM is a file photo from either last year or one year past that. But it makes no difference for it does capture the crassness of Americans on this darkest Friday of the year, Black Friday.
Given the absolute inanity of TV venue and nightly Network Fable shows that purport to be news why would anyone risk life and limb in a fight for a big screen TV? And on revolving credit, how many can afford the damn thing. Finally, by the time they pay it off, (if they do) the new and improved model is on the shelves in a couple of months.

Remember t’is the season to be Jolly
with fisticuffs, guns, bandages and holly.
Stuffed with turkey, ham and alcohol,
off we trundle to shop the mall.
to join in the push, shove, squawk and yell,
over items stores last year couldn’t sell.
All the thumps, pokes and bruises proved folly,
remember t’is the season to be jolly.

One shot outside mall, brawls shut down another on Black Friday

One person was shot outside a Missouri mall as swarms of shoppers looking for Black Friday deals saw chaos pop up throughout the country.

An unidentified 19-year-old received life-threatening injuries after being shot in the parking lot of a center in the college town of Columbia late Thursday night, according to KMIZ.

It was not immediately clear what caused the shooting at the mall, which was open until midnight on Thanksgiving as would-be savers began looking for deals before the unofficial commercial holiday began.

One person was shot outside a Missouri mall as swarms of shoppers looking for Black Friday deals saw chaos pop up throughout the country.

An unidentified 19-year-old received life-threatening injuries after being shot in the parking lot of a center in the college town of Columbia late Thursday night, according to KMIZ.

It was not immediately clear what caused the shooting at the mall, which was open until midnight on Thanksgiving as would-be savers began looking for deals before the unofficial commercial holiday began. [snip]

Then there was this lovely gathering of bonhomie and frivolity at this mall in Alabama which resulted in the mall being closed. The Mau Mau uprisings had no comparison in violence to these shoppers. There are videos at the site for your ‘viewing’ pleasure.

Huge Black Friday brawl inside mall as ‘shopper throws shoe which hits baby’ and women wrestle on floor

Footage shows women punching and kicking each other as police try to break them apart before the entire mall is shut down

Black Friday shoppers got into a huge brawl at a shopping mall as wild footage shows women wrestling on the floor and being handcuffed by police.

Women were seen punching and kicking each other, while one allegedly threw a shoe that hit a baby.

There were scenes of chaos as the women brawled and police and staff struggled to break them apart.

Stunned witnesses laughed and recorded video on their mobile phones as police ordered them to leave the store.

The mall in the US state of Alabama had to be shut down early after multiple fights were reported, while a shooting left one person critically injured at a mall in Missouri as Black Friday shoppers showed up looking for deals.

A number of women were arrested during the brawl inside a shop at the Riverchase Galleria mall in Hoover, Alabama. [snip]

The fight broke out late Thursday night – Thanksgiving Day in the US – as malls opened early for Black Friday sales.

A Fox 6 news producer wrote on Facebook that a witness reported seeing a shoe hit a baby after it was thrown over a railing at the clothing shop Buckle.

One shopper wrote: “My cousin and her family was there in lockdown at Build-a-bear. Soooo scary!”

Another added: “Who takes a baby to Black Friday!!!!” [snip]

Local officials said one person was treated at the scene for minor injuries suffered during a fight.

Police said the fights were “of a personal nature” and not over sales.

The mall had opened at 6pm but was forced to shut just after 11pm due to fights. [snip]

Remember t’is the season to be Jolly
with fisticuffs, guns, bandages and holly.
Stuffed with turkey, ham and alcohol,
off we trundle to shop at the mall.
to join in the push, shove, squawk and yell,
over items stores last year couldn’t sell.
All the pokes, bruises proved to be folly,
remember t’is the season to be jolly.

Laissez le bon temps rouler

Finally, there is hope for the Snowflakes and those who have been educated with no sense of history.

ANAA

(“Americans with No Abilities Act”)

The Senate is considering a sweeping legislative bill sponsored by the Democratic Party that will provide new benefits for many more Americans. The “Americans With No Abilities Act” is being hailed by the mainstream media as a major legislative goal of advocates for the millions of Americans who lack any real skills and ambition.


“Roughly 50 percent of Americans do not possess the competence and drive necessary to carve out a meaningful role for themselves in society,” said California Sen. Barbara Boxer. “We can no longer stand by and allow “People of Inability” (POI) to be ridiculed and passed over. With this legislation, employers will no longer be able to grant special favors to a small group of smart workers, simply because they have some idea of what they are doing.”

In a Capitol Hill press conference, Nancy Pelosi pointed to the success of the U.S. Postal Service, which has a long-standing policy of providing opportunity without regard to performance. At the state government level, the Department of Motor Vehicles also has an excellent record of hiring Persons with No Ability (63%).

Under the “Americans With No Abilities Act”, more than 25 million mid-level positions will be created, with important-sounding titles, but little real responsibility, thus providing an illusory sense of purpose and performance.

Mandatory non-performance-based raises and promotions will be given to guarantee upward mobility for even the most unremarkable employees. The legislation provides substantial tax breaks to corporations that promote a significant number of “Persons of Inability” (POI) into middle-management positions, and give a tax credit to small and medium-sized businesses that agree to hire one clueless worker for every two talented hires.

Finally, the “Americans With No Abilities Act” contains tough new measures to make it more difficult to discriminate against the non-abled, banning, for example, discriminatory hiring interview questions such as, “Do you have any skills or experience that relate to this job?”

“As a non-abled person, I can’t be expected to keep up with people who have something going for them,” said Mary Lou Gertz, who lost her position as a lug-nut twister at the GM plant in Flint, Mich., due to her inability to remember “righty tighty, lefty loosey”. “This new law should be real good for people like me. I’ll finally have job security.” With the passage of this bill, Gertz and millions of other untalented citizens will finally see a light at the end of the tunnel.

Said Sen. Dick Durbin,II: “As a Senator with no abilities, I believe the same privileges that elected officials enjoy ought to be extended to every American with no abilities. It is our duty as lawmakers to provide each and every American citizen, regardless of his or her inadequacy, with some sort of space to take up in this great nation, and a good salary for doing so.”

This message was approved by Bernie Sanders, Elizabeth Warren, Jesse Jackson, Al Sharpton, Nancy Pelosi and Maxine Waters.