InfinityLimited » finance http://blog.infinitylimited.net Random bits of stuff I found the need to write down. Sun, 01 Jan 2012 18:40:27 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Legalize Pot, or bail out White Collar Criminals? http://blog.infinitylimited.net/2009/04/19/legalize-pot-or-bail-out-white-collar-criminals http://blog.infinitylimited.net/2009/04/19/legalize-pot-or-bail-out-white-collar-criminals#comments Sun, 19 Apr 2009 04:44:01 +0000 Jake http://blog.infinitylimited.net/?p=708 From Overcompensating:

So Obama laughed at the idea of legalizing pot and taxing the crap out of it. Whatever, man. An economy given a bit of assistance from a thing that makes you kinda weird and mellow (not to mention the medicinal uses) makes a little more sense as an economy based on the “gut feelings” of a few hundred coked-up twentysomethings, that places more value on “speculators” than people who actually do work. But that’s cool, we’ll just keep weed illegal and continue to spend hundreds of billions of dollars keeping people in prison who sold some weed and maybe the Mexican drug cartels will just magically cool out if we ignore the problem. Yup.

Too right. The biggest thing I reckon to come from the financial crisis is that it seems that no-one actually knows what’s going on, or how to fix it. Further, when they talk about “investor sentiment” in the press and how it is so fickle, they tend to not include themselves in that group. Perhaps they should.

The Long Johns had a great skit on it.

]]> http://blog.infinitylimited.net/2009/04/19/legalize-pot-or-bail-out-white-collar-criminals/feed 0 The Long Johns describe the financial crisis http://blog.infinitylimited.net/2009/04/19/the-long-johns-describe-the-financial-crisis http://blog.infinitylimited.net/2009/04/19/the-long-johns-describe-the-financial-crisis#comments Sun, 19 Apr 2009 04:38:14 +0000 Jake http://blog.infinitylimited.net/?p=710

John Bird and John Fortune (the Long Johns) brilliantly, and accurately, describing the mindset of the investment banking community in this satirical interview.

]]> http://blog.infinitylimited.net/2009/04/19/the-long-johns-describe-the-financial-crisis/feed 0 Monbiot on the IMF and the current financial crisis http://blog.infinitylimited.net/2008/11/21/monbiot-on-the-imf-and-the-current-financial-crisis http://blog.infinitylimited.net/2008/11/21/monbiot-on-the-imf-and-the-current-financial-crisis#comments Fri, 21 Nov 2008 06:24:00 +0000 Jake http://blog.infinitylimited.net/?p=658

But there was one country – at the time the world’s biggest creditor – in which his proposal was less welcome. The head of the US delegation at Bretton Woods, Harry Dexter White, responded to Lord Keynes’s idea thus: “We have been perfectly adamant on that point. We have taken the position of absolutely no”

Can you guess which country that was? I'll give you a clue: the same country that has veto power in the UN also has veto power in the IMF…

Read the full article here.

]]> http://blog.infinitylimited.net/2008/11/21/monbiot-on-the-imf-and-the-current-financial-crisis/feed 0 Harry Hutton and the US Treasury http://blog.infinitylimited.net/2008/10/01/642 http://blog.infinitylimited.net/2008/10/01/642#comments Wed, 01 Oct 2008 00:41:00 +0000 Jake http://blog.infinitylimited.net/?p=642 Harry Hutton has found the site of the day. BuyMyShitPile.

Through some great research, it appears that Harry has also discovered the Motto of the US Treasury.

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