Wednesday, February 13, 2013

"Nuts, to you, SIR !"

Came one of the most famous quotes of WWII,

http://en.wikipedia.org/wiki/Siege_of_Bastogne

"The most famous quote of the battle came from the 101st’s acting commander, Brigadier General Anthony McAuliffe. When confronted with a written request from German General Luttwitz for the surrender of Bastogne, his reply was one word: "NUTS!" (the commander of the 327th GIR interpreted it to the German truce party as "Go to hell!").[9"


To most Investors seeking a return, the playing field has been anything but level and fatigue, and pessimism can be cut with a knife, weighted out and sold it is so thick.  However, rather than capitulation, this uneven battle has generated a dogged an determined attitude on the part of many, as this chart above may point out.

    Right now the budget is between a Cliff and a Hard Place.   The Federal Reserve Bank has bought more Treasury debt than has been issued, meaning it has become the Dealer of Last Resort, essentially redeeming the USA's debt.    The absolute % of Americans holding jobs continues to decline, and the cost of daily necessities continues to climb, notwithstanding Govt statements to the contrary........So as efforts continue, literally on all fronts, at all times, wasting no crises to surpress PM's, even as the Dollar falls.
"Something, many things, are rotten in Danmark", to paraphrase Shakespeare.
Which of these cannons will break loose their moorings during the pitching and yawing of the Ships of Global Finance, is yet to be seen, but as a matter of practical probabilities could happen before or after the next
 BLACK ALBATROSS lands in the rigging............

     This guy embodies what dogged determination can do.  I have had the honor of his acquaintance and will always be inspired by his determination.

GINO MERLI

We may stand to both learn and apply what he stood for that night in France.

No comments:

GUESTBOOK