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A Pirate Looks at 40

Well, today is the day. I have now turned 40.

Is 40 the new 20? If so, it sure doesn’t feel like it. I really never liked anything that was “the new” anything else. It seems like something you might hear from a male interior designer and that is not someone that I want to be associated with. Nothing against interior designers or males.

So, what does it mean to be 40? According to statistics, the average life expectancy in the US is 76 and growing a few months every year so I am half way through. You want to look back and see what you have accomplished in half of your life. I think most are tempted to see how they are doing financially, what their title is, what status they have achieved. I have never put a lot of stock in those things, however, I do want people to think well of me and I do want to leave a legacy. The question is, what it the legacy that you are leaving? If you were to leave today, what would people say about you? I have not made any major contributions to society where my name will be spoken of for years like Franklin or Edison. I have not built an empire around myself and used my fortune to make my name know in every household like Trump. I think of  the Montgomery Gentry song “That’s something to be proud of.” That generation of folks that fought in WWII seem to be a different breed. I don’t think I or many of my peers fare well in comparison.

What legacy does a common man leave? What is a noble profession? What does today’s man do to give something back? It seems like all of the teachings today are about ‘getting yours”, making big money and climbing the social and economic ladder, but when a man turns 80 and has made a fortune, does he really feel like he gave something back?

While doing research on this post I ran across the link of the Carnegie Mellon prof that died a few years ago that gave his going away speech.

Dear Blog, I’m sorry I’ve neglected you.

I’m disgusted. I just looked and it has been over 2 months since my last post. I guess it really doesn’t matter as I don’t think anyone is reading this anyway. I t is more therapy for me than it is anything else. So, to catch you up on what has happened. We’ll the new job is going pretty well. I am working a little more than I wanted to, but at least there is some income coming in. I have had a few really good months since March. Stephanie seems to be doing well with it. I don’t get to see her as much as I want though.

I am settling into a little better pace now alternating days of going into the office at Green Hills and working from the home office.  I really like the flexibility coupled with the income potential. It really is like owning your own business. I really never thought working for a bank could be like this. In reality, not a lot has changed for me. I still keep my own hours, albeit the volume model of the bank requires me to work more, but at least there is business to work. I was having issues finding business before and there are some opportunities that Bank of America offers that I just could not find as a broker.

Well, it’s Mothers day today and I want to wish my Mommy a Happy Mother’s day at her camp spot at Coyote Creek in NM where she and Dad are camp hosts again this year. I’ve got to go feed spoiled little Sasha and get ready to go to brunch with Steph and her family. I’ll check back in later.

Cedar Creek

View from Avalanche of Ceday Creek

Snow Daze!!!

We got about 6″ of snow in Tennessee yesterday. We went and played fetch with snowballs with the dogs. They can’t seem to figure out where the snow balls go when they roll up in the snow on the ground. Bear loves eating the snow and Spunky just loves to dance around it it. This is the first time in years where there has been enough snow here to play in.

It is so beautiful looking out across the Tomlinson’s farm past the barns over the snow covered  hills back to the trees in the distance surrounding Cedar Creek. We got so much rain last week you could have rafted down the creek where I occasionally sneak off to  in the spring to fly fish in the clear shallow water for the bream. I would not want to be in that water now.

ACLU to Defend Glenn Beck?

You know Glenn Beck is catching all of the crap from the liberal crowd http://wadeconway.com/?p=86 and some of his advertisers pulling ads. All over a statement of opinion.

Being that the ACLU is supposed to fight for free speech, do think they will defend him if he were to get sued over it?

Mortgage Backed Securities and Treasuries Tank

FNM 4.0 Tanks

FNM 4.0 Tanks

The Fannie Mae 4.0 Bond dropped over 200 ticks today in a major correction. All parties, banks, insurance, hedge funds ect. were selling in a big way.

The effect will be in mortgage rates on new origination rising .375 to .5 % to the 5% or so range for conforming loans with no loan level price adjustments.

Are S&P and Moody’s Credit Ratings concerning the U.S. Worthless?

Upon insurmountable debt, the failure of government owned Fannie and Freddie and the obviously unending spending frenzy of the government how can the credit rating agencies still be giving US credit the highest rating?

It is rumored that back  in the first Bush administration that the executive branch threatened the credit rating agencies when they considered downgrading the US credit rating.

Some argue, myself included that being that we have resorted to printing more money and hence devaluing our own l in order to pay our debts, that we have,  in any sane evaluation, destroyed our credit rating no matter how S&P or Moody’s grades it.

Others argue that the credit rating can only be maintained through the sovereignty of the US military, in essence making the US the safe haven for currencies of all types.  I think there is a valid argument there, but it could lead to the dollar no longer being the de facto currency of the world.

It as also arguable that upon recognition of this fact, and the complete disintegration of the dollar based economy and therefor any economy that is so tightly bound to it (all of them basically) that the only safe money is in commodities that will inevitably result in returning to  a bartering economy.

Could this be just the stick that the liberals need to shove the one world currency down the throat of the US citizens? See http://www.youtube.com/watch?v=7nD7dbkkBIA and www.bilderberg.org on one world currency. The long version of Russo’s opinion http://video.google.com/videoplay?docid=-1656880303867390173

I am  not saying that all of this is gospel, but check it out.

Give me control of a nation’s money supply and I care not who makes its laws.

Mayer Rothshchild

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