If you’re not scared you’re not paying attention

I know, they told you there would be no math. Suck it up.

How broke they really are:
JP Morgan: $78 Trillion in derivatives / $1.8 Trillion in assets
Citibank: $56 Trillion in derivatives / $1.2 Trillion in assets
Bank of America: $53 Trillion in derivatives / $1.5 Trillion in assets
Goldman Sachs (aka US Government): $48 Trillion in derivatives / $89 Billion in assets

What can’t go on forever, won’t.

Post-tsunami thoughts

Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.
– Winston Churchill

Truer words were never spoken. This is our Republic, if we can keep it. As my Lady said, “I didn’t vote for myself today, but for my children. My place is made in the world- but your future is still in front of you.”

(Well, maybe I polished that up a little, but the point remains…)

“Well, Doctor, what have we got—a Republic or a Monarchy?”

“A Republic, if you can keep it.”

– Benjamin Franklin