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US Failout Plan

Wednesday, 18 February 2009

Peter Schiff has got it right.

The problem with the US bailout plan is that it intends to return the US’ economy to the status quo: borrowing money they can’t repay to buy goods they cannot afford.

Tell me how that’s unlike a fat man who almost died of a heart attack taking anti-cholesterol pills just so he can continue pigging out on BigMacs and greasy fries (which are fucking delicious btw).

What he really needs to do is to correct the root of his problem - an unhealthy sedentary lifestyle where caloric consumption is astronomically higher than caloric usage.

In other words, he’s got to get his ass out there and move it move it move it like he’s trying to escape a gang of Kenyan runners cum ass rapists.


“I’m fat and McLovin’ it.”

Similarly, this Schiff chap proposes that the US’s industries move their arses and start producing more. This would get at the root of the US’ economic problem: they consume much more than they produce.

And when they cannot consume anymore, they borrow to continue consumption.

There’s only so long that you can live on borrowed money and get away with it. Pretty soon your lenders are going to come knockin’ and then you’d wish you were being pursued by the Kenyan ass rapists instead.

Which makes me wonder - what would it be like when the Chinese, Japanese and all the Asian money lenders start to knock on Uncle Sam’s door?

Legally, they’d own the Americans’ broke asses.

Ah the future. It consists of white slavery and chinky domination.

Categories
Business
Tags
bailout plan, economy, stimulus package

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Failure is an option

Friday, 23 January 2009

Could you lose €30 million and still joke about getting your dick caught in the zipper?

This guy can.

Morten Lund is an entrepreneur from Denmark. In a nutshell, he is a venture capitalist and had his hand in many techonogical startups, most notably Skype. He was recently declared a bankrupt after losing a big ass amount of money in a newspaper venture.

Watch the video. It’s really inspiring stuff.

Host: “How much did you lose?”

Lund: “Well with my paper project I lost like €30 million…”

Host: ” €30 million…”

Lund: “…and it was all in. So they’re gonna come and pick up my house.”

Host: “Really?”

Lund: “Yeah.”

Host: “That’s pretty bad…”

Lund: “I was happy before, so I’ll probably become happy again.”

(…)

Host: “We have to congratulate Morten on something. In Europe it’s really non-cultural to talk about failure….you hide it… and you’re coming up here on stage in front of 1000+ people to explain how you lost €30 million.”

Lund: “Yeah… but I also once had my dick in the zipper? (chuckles) I mean, we all fail all the time, you know…”

Epic respect.

______________

Blog plug

Lund maintains a blog here: http://lundxy.com/

Thanks to Kevin for mailing me the video. He blogs here: http://hamletshero.blogspot.com

Categories
Business
Tags
Business, money, morten lund, Videos

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