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by @anarchyroll
7/26/2014

If you don’t know who Warren Buffett is, all you need to know is that he’s the greatest living investor in the history of the American stock market(s). In the world of finance he’s the Michael Jordan, Muhammad Ali, Wayne Gretzky, and Babe Ruth. He is the man and has nothing resembling an equal.

Warren Buffett has also become the conscience of the finance sector the American economy.

This is evidenced by his refusal to put his wealth of wealth into commercial securities and derivatives. Whereas all other big banks, hedge funds, and trading houses can’t get enough of either.

In a recent issues of TIME magazine, Buffett called all commercial securities “weapons of mass destruction.”

Commercial mortgage-backed securities (CMBS) and derivatives were two primary instruments in the 2008 global economic meltdown, the worst economic collapse since The Great Depression.

Warren Buffett invests the old-fashioned way, when investing was investing. CMBS and derivatives are the tools that have turned Wall Street into a casino on steroids. CMBS and derivatives are the dice, the global economy is the table, the chips that big banks and hedge funds are playing with are the liquid assets of the global economy. Are the craps and gambling metaphors coming across clearly enough?

After all of the pain and devastation that derivatives trading has done to the global economy, there is certainly a strong case to be made that they should be done away with completely. But in the spirit of baby steps and pragmatism, how about we start with at least putting some kind, any kind of regulation on derivatives trading?

If commercial securities and derivatives aren’t good enough for the greatest living investor in America, perhaps it is best that we all steer clear of them. If someone with literally billions of dollars to burn doesn’t want to touch them, why would any person dependent on a robust 401k to be able to retire at 65 want their limited assets intertwined with the same investment instruments that collapsed the global economy barely a half decade ago?

 

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by @anarchyroll
7/22/2014

If you have watched ESPN for more than 30 seconds in the past year, you’ve likely seen at least two feature segments on Yasiel Puig.

Puig was a bonafide rookie phenom last year who gave the Los Angeles Dodgers the spark they needed to get into the playoffs. His equal parts high level talent and high level charisma made him and instant star and darling of sports fans and networks alike. Puig provided tremendous numbers and intagibles to help his team get over a slump that many speculated would lead the their manager (Don Mattingly) being fired. There was even a strong push for him to be name to the NL All Star Roster despite Puig starting the season in the minor leagues.

If ESPN portrayed Puig as the new face of Major League Baseball, then what is Jose Abreu this year who has better numbers than Puig had last year, this year, or both combined?

Whereas Puig plays for the number one baseball franchise in the second biggest media market in the country, Abreu plays for the number two baseball franchise in the number three media market. Chicago sports teams and their players have been getting the shaft from ESPN for as long as it has existed, Abreu is just the most recent egregious example.

In the pregame coverage for this year’s All Star Game, ESPN did a side by side comparison of Puig and Abreu’s numbers and even admitted that Abreu has proven to be the better player. Yet turn on Sportscenter, Around the Horn, and/or Pardon the Interruption and Abreu seemingly has a segment on something he did right, wrong, or outlandish carved into each show’s format.

Perhaps if Abreu made some more arrogant base running errors or came up with a crazy story of being snuck into the country (like Puig) he could get a little more national play. But I’m sure he and the White Sox will be content with him playing better than Puig consistently and thus paying him more than Puig.

When one ESPN home base is a two-hour drive from Yankee Stadium and the other is literally down the street from Dodger Stadium, I suppose it is hard to expect equal coverage for a player who plays hundreds or thousands of miles from each. Perhaps if ESPN put a home base in Chicago things could change, but that is an expensive endeavor. It’s not like ESPN is owned by a hundred billion dollar company or anything.

Somethings never change. The mindset of Illinois being a fly over state and therefore everything in it apparently is one of them. The Bears, Blackhawks, Bulls, Cubs, and White Sox are all franchises that make money, have large traveling fan bases, and routinely compete for and win championships (minus the Cubs of course). There is no reason what happens in Chicago sports shouldn’t routinely be the lead story on ESPN programming. One can point to population theory all they want but anything more thorough than a surface level glance at ESPN programming will show that a third tier sports story in New York, Boston, or LA trumps everything short of a Chicago franchise winning a championship. That is wrong and can’t end soon enough, though much like the Cubs chances of winning a World Series is likely more fantasy than reality.

by @anarchyroll
7/21/2014

Did you know the United Nations said that Detroit is violating the human rights of their citizens?

Life, liberty, and the pursuit of happiness are fundamental rights in America. So if that is actually true, and we can’t live without water, is water a right? The water companies in Detroit don’t think so and have been shutting off water supplies to delinquent customers.

The problems of the urban dystopia that is Detroit are pretty well-known. But I don’t think most people in America thought the situation in Detroit was worthy of the attention of the United Nations. Since we are in the United States of America after all, it is hard to fathom human rights violations worth of the attention of international governing bodies could be allowed to occur here. Well, welcome to the new normal.

Why are so many people (up to 30,000) so behind on their water bills that they are having access to it turned off? Maybe it has something to do with the 119% increase in cost as the city inches closer and closer to privatization of utilities.

As horrific as the situation in Detroit is, what is even scarier than municipalities and private corporations literally denying access to the essence of life to their citizens, is that the problems with water in Detroit is soon to become the rule not just an exception.

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by @anarchyroll
7/20/2014

Learning how to talk to women in bars and nightclubs for the sole purpose of having casual/promiscuous sex is not what one would call the traditional road to enlightenment and inner peace. The Game by Neil Strauss is not a personal development/self-help book. It is an entertaining non fiction story intertwined with a how to manual of how to become a more socially suave man. Many women think of this book and other “seduction” manuals and are offended at the concept and existence of such material. The seduction community has some message board posts that can be considered the Rosetta Stone of internet trolling. However, without The Game I never would have become a well read person, and never would have been able to look beyond the stigma of consuming personal development/self-help materials.

I was never taught how to talk to women, or how to talk to girls for that matter. I was socially conditioned during my youth of watching television to look at women as either objects or villains. Pamela Anderson and pro wrestling provided me an education of women that I was too afraid to learn from first hand experience. Embarrassment and looking dumb in public settings while interacting with women is often too much for the male ego to bear.

There are plenty of men out there who when it comes every level of interacting with women are natural(s). They are the exception, not the rule.  The inability and/or unwillingness most men have push through the pain of getting to the other side of their comfort zone, is much more of a psychological/medical condition that  most people would give it credit for. The genuine emotional and mental pain most men experience at just the thought of failing at socializing with the opposite sex is hard to put into words. To imply one needs to simply man up, is akin to telling clinically diagnosed psychotics to just stop being crazy.

My inability and ignorance with the opposite sex led to an uncountable number of panic attacks, emotional breakdowns/meltdowns, and repeated diversions of time, concentration, and effort in the direction of my life’s purpose.

In the tradition of the double-edged sword, being introduced to The Game eventually led to me to reading other self-help books as well as the personal development and human potential movements. I discovered both after consuming so much social dynamics and pick up artist material, that I realized the hole I was trying to fill inside of myself was deeper and more profound than a hook up or series of hook ups could fill.

But I never would have gotten to personal development without The Game. The social stigma that pick up artists face is the same that self-help books have. That something is unnatural or wrong about both the information and the people who consume/apply the material(s). I thought self-help was stupid and to consume that knowledge meant that I was weak, defective, and a failure of a human being. I thought having to read a book about how to meet women meant that I was a failure as a man.

The real failure is in knowing one is not living their life the way they want to and/or feel they should and continuing to live that way rather than seeking help in the knowledge of books or mentors. Although we would all prefer to be perfect inside and out, part of the human condition is the inadequacies we have as people internally and/or externally. I am happy that my decision to face rather than deny my failures as a social being as a gateway to address the rest of my deficiencies at both the deep and shallow levels.

And it’s a fun book to read.

 

by @anarchyroll
7/17/2014

I recently starting watching the Netflix original program House of Cards. It is a fictional show, but the more and more I watch it, the more and more it feels like a psuedo documentary of Washington D.C politics in the dark and behind the doors. The controversial and shady manner of how CISPA has been repackaged as CISA and is being attempted to be rushed through Congress reaks Frank Underwood.

Last year, when CISPA was brought to light, the public and (all) the tech companies went very politely apeshit. If you don’t know what CISPA is and couldn’t be bothered to click on the link above, it basically puts the NSA on steroids and makes the steroids legal.

CISPA =  The End of Privacy

The public has made it clear they do not want this legislation. Google, Reddit, Facebook, Microsoft, Twitter, and basically every other big company that makes money through the internet informed the public about the negative privacy implications of CISPA and the public let it known they wanted the bill killed/stalled/not to become law of the land. The tech companies then did what is really required to pass or kill legislation, used millions of dollars to fund lobbyists.

Much like in House of Cards, now that the first bill has been killed in the court of public opinion, the real bill is going to be attempted to be crafted and passed behind the closed Congressional doors.

Now CISA is heading to the Senate floor, after being rushed through committee, so it can be quickly voted on before the current Congressional session expires. American politics mixed with American ingenuity, if at first you don’t succeed at an agenda with shady politics,  try and try again.