Alan Greenspan Admits the Federal Reserve's Dirty Little Lie

Here is an interview of Alan Greenspan on the Daily Show:

Paul Kedrosky also noticed this Alan Greenspan quote:

``The presumption that we were fully independent and have full discretion was false,'' Greenspan said in an interview published by the newspaper on Sept. 16. Raising rates faster and sooner would not have been acceptable ``to the political establishment,'' Greenspan said.

From Mistakes

If my dad were not a cheat
I would not breathe
If I was not lost
I would not type

If the Spanish didn't conquer
my wife would not breathe
If she did not get scammed
she wouldn't have found me

good things come from everywhere
you really just have to chose
what do you want to see
and what do you want to help others see

Thoughts From Overseas

While having traveled a bit in the past, I was never really anywhere outside the US long enough to be immersed in other cultures or appreciate economic differences.

• The importance of family seems to be stressed much more over here than it is in the US. Although we got here less than a month ago, a local blogger already mentioned my wife. I am trying to bug Gio into making some blog posts here too, but she also works on lots of other websites.


• Lots of meat on a stick here. Which is perfect. :)


• Food for the Gods is aptly named.


• Boba drinks have fruit and multiple boba types in them. Again, surprisingly good. Quickly offers a sweet milk tea boba. I would really love a 24 hour boba delivery service. If you know of one please let me know.


• The warmer climate leads to weight loss. I think I have lost about 15 pounds since coming over here without doing much working out.


• Badminton is big over here. I love virtually all racket based sports, and am hoping I can get my mom to play when she comes over.


• I have yet to play any tennis and am afraid that when my step dad comes over he may beat me again, effectively cutting my ego, self worth, and self image in half. It took years to regain composure after the last time he beat me.


• Malls are super-saturated in Manila. Sometimes at 5pm if you buy something store workers will tell you that you were the first customer all day long. Some malls have a food court with about 60 different vendors. And more malls are being built.


• A few of the malls have pirated media download centers, bootleg brands, and security guards to check you at the door.


• Arcades are a functional business model over here. In the US most arcades are not well maintained unless they are drinking arcades for adults.


• Labor is so cheap here. Even with current gas prices a half hour cab ride can run $2. Even McDonalds has a 24 hour delivery service. But you have to spend the $4 minimum to qualify for delivery service.


• Some of the cabbies try to shake me down for more money because I am white, especially if I am leaving a local hotel because they think I am a tourist. One tried to charge us over 3 times the normal price.


• There seems to be more micro parasitic economics over here than in the US. The cabbie that tries to shake you down for double price, cops that try to pull you over just to get a few books off the record, etc. In the US there is much more macro parasitic economic behavior. For example, MBNA, a credit card company, rewrote the US bankruptcy laws to favor themselves and screw consumers. For the average person macro parasites are probably far worse than micro parasites.


• The dollar has been going down brutally. Yesterday the local paper put the Canadian Dollar above the US Dollar, and online there was an article about gold being at a 28 year high. When we first got here the exchange rate was like 46.6 pesos to a dollar. Its down to 45 to 1 in a couple weeks, which is a noticeable difference if you are paying for a wedding at the best hotel in the country.


• I really understood the DVD zoning after seeing new DVDs on sale for about $4 here. And we saw a movie at a great theater in the Mall of Asia. Together our tickets cost less than $5.


• Traffic is really thick in Manila. Each week day 20% of the cars are not supposed to drive based on their license plate numbers. I suppose there is an arbitrage opportunity in there somewhere. :) In spite of more traffic there are far fewer wrecks over here than in the US.


• And in other news... Cops, soldiers clash with MILF

US Blackwater Security Safety

Your hard earned tax dollars at work. Read about the disgusting Blackwater USA guards:

Iraqi investigators have a videotape that shows Blackwater USA guards opened fire against civilians without provocation in an incident last week in which 11 people died, a senior Iraqi official said Saturday. He said the case had been referred to the Iraqi judiciary.

How long until we read news about a raid on an oilfield and disposing of the warlords who were controlling it? And who are the real warlords?

There is a thin line between justice and crime, and in Iraq you can bet that the US is on the wrong side of that line every single day.

Beautiful Marketing Poem

an apron of asbestos
and hair dye that will cause your death
beauty and accessories fill our dreams
a different time and different place
we didn't know any better

orange trees and agent orange
incendiary bombs rebuild the town
clean air sponsored by carbon monoxide, inc.
a different time and different place
we didn't know any better

Botox and beauty parlors
cook yourself like a chicken for free cancer
cream to turn your skin darker
cream to turn your skin lighter
beauty is uncommon, wherever you are

the grass is greener on the other side
it is unsafe outside
it is unsafe inside
have a toast and drink
its not waste if I can justify it to me

crude and reptilian, but beautiful
how much will you pay to poison yourself
and how much can you pay before
the whitening soap is irrelevant
and it can no longer wash away

You Have to be a Commedian to be Honest About America

I Wish Bush Would Have Sent His Children to Iraq

Diverticulitis

I just found out that my grandma has Diverticulitis today, a disease which tends to be common in people who have low fiber diets. My mom created a Diverticulitis Diet blog to keep track of what my grandma is eating and helping to share information about Diverticulitis with others.

I really need to see my mom and grandma again soon. It has been almost 2 years.