News and Observations from Wapella, Illinois: Home of the Wildcats.

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Wednesday, July 16, 2008

Wapella Man Enjoys Chicken, Beer, Baseball, Ice Cream

It isn't everyday that gets to play matchmaker to some frequent commenters wanting to get together and enjoy some chicken and beer, but we gladly put together a great team last night for a surprise meeting in Darien, Illinois.

Our own JMK up from Wapella and visiting Naperville for some high level Emergency Services training found himself with a two hour gap in his already stressed schedule, with a serious need for chicken and beer. Checking the rolodex, I noticed that BBD was only a few minutes away from him, and happened to have a refrigerator full of poultry and an 8-pack 7oz baby Pabst Blue Ribbons, which after a few phone calls, and some rather delicate negotiaions were put to good use.

Good to have JMK up here learning how to keep Hog City safe, DuPage County style. JMK also whittled off some valuable tips to the son of BBD at a baseball game, some honed directly from Dave "Pepper" Bowman, former Wildcat Baseball Coach.

Always glad to play matchmaker to travellers from Wapella, and will try to wind down discussion of Fiats per EEP suggestion.


Anonymous said...

"The money power preys upon the nation in times of peace and conspires against it in times of adversity. It is more despotic than monarchy, more insolent than the aristocracy, more selfish than the bureaucracy. It denounces, as public enemies, all who question its methods or throw light upon its crimes."

Abraham Lincoln 16th president of the USA

Anonymous said...

"The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government’s greatest creative opportunity.”

Abraham Lincoln, assassinated president of the United States

Anonymous said...

1. Abe (my favorite President) - what is your point? You were also a general fan of capitalism if I remember correctly.

2. Excellent to see JMK - we were heavy on baseball but I wish we could have pulled out a V for him. Very tight game, losing end.

We'll be back bbd

Anonymous said...

My point is what it is.

Don't pay interest!

and Don't start calling me a communist.
All I ever really wanted to do was make things fair and look what that got me...a bullet in the back of the head.

Anonymous said...

“If all bank loans were paid...there would not be a dollar of coin or currency in circulation. Someone has to borrow every dollar we have in circulation. We are absolutely without a permanent money system.”

Robert Hemphill, Federal Reserve Bank in Atlanta, in foreword to “100% Money” by Irving Fisher

"If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless situation is almost incredible -- but there it is."

Robert Hemphill. Credit Manager, Federal Reserve Bank of Atlanta

“I have never yet had anyone who could, through the use of logic and reason, justify the Federal Government borrowing the use of its own money... I believe the time will come when people will demand that this be changed. I believe the time will come in this country when they will actually blame you and me and everyone else connected with the Congress for sitting idly by and permitting such an idiotic system to continue.”

Congressman Wright Patman

Anonymous said...

Let wrap this up with the story of a good banker.

It is circa May 1991 at the 1st National Bank on the Square in the office of the Man in Charge.

The following is almost verbatim.

"How am I supposed to give you a loan for a car if you don't have a job?"

"How am I supposed to get a job if I don't have a car?"

"Well I can't argue with that logic. Bring in your motorcycle title as collateral and I will cut you a check."

It was a 4 year simple interest loan.
I paid it off in about a year.


Anonymous said...

Were there any Cornish hens to be found?


Anonymous said...

I have a theory that 7oz. of beer each day is the key to good digestion.

7oz. of beer each day leads to a good solid life.


Anonymous said...

It was an absolute pleasure to hang out with BBD and his family. Very hospitable folks. I didn't feel like such a stranger up in Chicagoland.

Anonymous said...

Solid has excellent logic. In the old country it is advertised that Guiness should be taken for strength. Speaking of that, this was offered as potential sunscreen today at the literary convention. As we know, the fair race is fair skinned and prone to burn. I offered two solutions: Irish sunscreen; a mix of spackle, oatmeal and grammar school paste or a beverage to be taken indoors. Those who tried the compound learned that the concoction does not work well in the Gulf of Mexico but isn't bad if fried in bacon grease. The other option met with the approval of all.

We will take up Irish parasailing tomorrow although I don't know how a single bicyclist will have the strength (he'll need a Guiness) to lift me off of terra firma.

More literary news tomorrow.


JBP said...

JMK could pass as a stranger in pretty much any town in America, so BBD must have accomplished a near miracle.

Anonymous said...

1. JMK shared great stories of Decatur where his lady friend is an officer of the law. What is more courageous, pledging your life to JMK or fighting crime in Decatur?

2. Abe you are certainly no pinko but I fear for your legacy when you make quotes in a vacuum. I encourage anyone that can find an interest-free loan to go one. Again I think I need to watch the video as I feel like I'm missing critical information.

3. eep - you are correct, the castaways were ironically re-stranded but spent many years on the mainland in between. Great opportunity to spend TH3's dinero in those mainland years. So, provided that it is reasonable work I'd stick with the same plan of barter, talk down the value of TH3's $, but don't turn your nose up at traditional currency when there are plenty of coconuts around (I cherry-picked coconut/ inflation). BTW, those cars that they had on the island were worthless. bbd

Anonymous said...

"The process by which banks create money is so simple the mind is repelled."

John Kenneth Galbraith, Economist

"I am afraid that the ordinary citizen
will not like to be told that banks
can and do create money
...And they who control
the credit of the nation
direct the policy of Governments
and hold in the hollow of their hands
the destiny of the people"

Reginald McKenna,
past Chairman of the Board, Midlands Bank of England

“Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess.”

Irving Fisher, economist and author

“That is what our money system is. If there were no debts in our money system, there wouldn’t be any money.”

Marriner S. Eccles, Chairman and Governor of the Federal Reserve Board

"Everyone sub-consciously knows banks do not lend money. When you draw on your savings account, the bank doesn't tell you you can't do this because it has lent the money to somebody else."

Mark Mansfield

“One thing to realize about our fractional reserve banking system is that, like a child’s game of musical chairs, as long as the music is playing, there are no losers.”

Andrew Gause, Monetary Historian

“The greatest shortcoming of the human race is our inability to understand the exponential function.”

Albert A. Bartlett, physicist

“Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist.”

Kenneth Boulding, economist

“Money is a new form of slavery, and distinguishable from the old simply by the fact that it is impersonal, that there is no human relation between master and slave.”

Leo (Lev)Tolstoy

“None are more enslaved than those who falsely believe they are free.”


Anonymous said...

What is the intrinsic value of the Dollar?

Anonymous said...

The idea or fact that money has value because we all agree it has value is wonderful; as long as everybody is getting along and enjoying each others company.

I fear that the day will come when this will no longer be the case.

And the only people holding anything of value will be the people holding guns.


Anonymous said...

Don't forget Wm. Jennings Bryan and his cross of gold.


Anonymous said...

Did the Patriot Act give special powers to confiscate Gold? Especially while boarding planes?

Recently posted in the Federal Register on the internet were regulations listed under the caption of The Patriot Act . . . . At the end of 17 pages you will find legal definitions for “bullion coins” and “rare numismatic coins.” Strange how the definition of these forms of gold would show up under 17 pages of regulations pursuant to the Patriot Act having to do with identification of persons boarding and de-boarding aircraft and a multitude of other topics. Once you analyze the situation, it becomes obvious that these regulations were published in this manner, so as to keep the information from the general public and avoid suspicions of confiscation and the resulting objections.


The purpose of the confiscation is clearly to settle America’s trade debts in an acceptable form. Keep in mind that Central Banks end up with all of the trade debts via bank deposits in dollars, or, Treasury Bonds, dollar denominated, with no guarantees against loss due to deterioration of the value of the dollar. Since the dollar has been in a constant downtrend as most Americans realize, Central Banks should not be expected to take all the losses on these transactions without complaint. Indeed, there are complaints and we believe the complaints have reached fever pitch. Central Banks no longer wish to accept dollar-denominated assets in payment of trade debts and are demanding American gold.

This I found was about jewelry stores......
“No,” you say! . . . . Such a conclusion is unjustified. If so, then we ask, how is it that 30,000 retail jewelry stores have been forced to become registered with the Treasury Department over the last two years, since January ‘06, as indicated at their website at The Jewelry Trade Association required their members to purchase a “Patriot Act Compliance Kit,” all of which relates to registration — a form of licensing, obviously connected to one of their main lines of business: gold jewelry.

Anonymous said...

Could the debt we owe to the Chinese be used as a tool to move towards a one world government?

You know, like they'll be InBev we'll be Bud.

Anonymous said...

I didn't realize my visit to the suburbs had such an impact on the financial world.

Anonymous said...

bbd - I think the Gilligan's Island economic theory operates as an economic excercise under the assumption that the castways are standed indefinitely, with none of your damn college boy curve balls added!

Or heck, maybe the purpose is just to figure out how to kill that damn cave spider.....

Anonymous said...

JMK is obviously a catalyst for economic thought.

The cave spider doesn't scare me as much as Harold Heckuba.


Anonymous said...

inbev bud one world gov. idea is interesting. given enough time, the psychology of debt, or the psychological effects of owing money, could effect the outcome.

Anonymous said...

I don't mind the one govt idea as long as I can file my taxes in Leichtenstein. Lots of write offs there.

Stella costs too much to ever catch on in Hog City.


Anonymous said...

“I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world, no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.”

Woodrow Wilson

“All of the perplexities, confusion, and distress in America arises, not from the defects of the Constitution or Confederation, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit, and circulation.”

John Adams, Founding Father of the American Constitution

“Whoever controls the volume of money in our country is absolute master of all industry and commerce...and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”

James A. Garfield, assassinated president of the United States

The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. The privilege of creating and issuing money is not only the supreme prerogative of government, but it is the government’s greatest creative opportunity.”

Abraham Lincoln, assassinated president of the United States

Anonymous said...

This post went from chicken, 7 ounce blue ribbons, to past president gibberish. My political 2 cents is why the U.S.went from $1.00 regular unleaded in 1997 to $4.19/ gallon in 2008? Have we determined any weapons of mass destruction in Iraq yet? How does W rank as far as U.S. Presidents?


Anonymous said...

If 76% of the gas price is crude oil, relative to 1997 gas prices, shouldn't gas be around $12 a gallon just for the oil part today?

We are either getting a great deal today, or we were getting squeezed in 97.

JBP said...

American military personnel helped move about 600 tons of uranium in the form called yellowcake. It had been stored at Tuwaitha, an installation 12 miles south of Baghdad, which had been the site of Iraq’s nuclear program.


Anonymous said...

Did I mention I had an excellent time hanging out with BBD and his family?

Anonymous said...

Indeed it seems that yellowcake, according the article, which "cannot be used in its current form for a nuclear weapon or even a so-called dirty bomb," has been removed from Iraq recently.

What is the point of the post?


JBP said...

The point of the post was to welcome JMK to Chicago for some emergency training.

The point of the comment was to respond to IRBW question about WMD in Iraq, where plenty of components for WMD were found, same components we knew were there since Operation Desert Storm.

The nuclear material necessary to make WMD is now in Canada rather than Iraq, which strikes me as a remarkably good idea.


Anonymous said...

I love a sponge cake with strawberries and sugar. Some prefer rhubard.

Does anyone have a good rhubard patch? It is fabulous in pie, as a dessert, especially after poultry and Pabst.

Remember what WFB II said, that the "intellectual probity of a man is not measured by what comes out of his mouth but by what he endures from others".

Barry Goldwater

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