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andy's avatar

We just filled our first sourdough punchcard at a bakery we’ve recently begun frequenting. Buy 10 boules —apparently that’s sorta’ pronounced “bully”— get one free.

This day’s Havenstein assemblage/commentary has me remembering What Color Is Your Rainbow (& wondering if you still believe the stuff in the pot on the other end is gold?) Parachute because that author’s brother, investigative reporter Don Bolles, was car bomb-murdered for scrutinizing some bully golden people a bit too closely. That particular claim-jump was Phoenix, ’76.

But it was ‘49ers that combined sourdough & gold, not ‘76ers et al who instead combined b-balls to get the ‘good-as-gold’ dough, & the ‘also as good’ tax breaks, & the sweet arenas & stadiums subsidy deals that golden pawned shopkeepers mulct from, & then rent back to, those unleavened lumpen loaves who warm the bread & circus seats.

Cue Nirvana, Smells Like Teen Spirit, & recall Cobain’s comorbidities:

Load up on guns, bring your friends

It's fun to lose and to pretend …

With the lights out, it's less dangerous

Here we are now, entertain us

I feel stupid and contagious

Here we are now, entertain us …

So, Sisyphus, contra Camusing assumptions, wasn’t happy, & finally just let the boulder roll where it would.

And it ended up in this creek bed.

Where some more Sisyphi, of the creaking backs sourdough sect, were continuously laboring, baking bread & panning for flake & nuggets.

(Another staff of life baker in another place “& time” that we used to like was deemed “non-essential” & apparently she agreed because the sign in the window suddenly read “permanently closed.”)

Continuous story shortened the boulder was sledge hammer reduced to smaller chunks exposing a large hunk of gold that had been ft. knoxed beneath the boulder’s better days.

The now flush sourdough who found it first was jubilant & proceeded immediately into town with his prize.

The central bankers were waiting for him:

https://www.youtube.com/watch?v=54XT8_07Qk8

“Essential” central bankers are the rock, or the hard place, or both … & no mine’ll be mine —or thine — until those have been sledge-reduced down to size.

Breaking bread — & eating cake — with such rock-breakers would be a blast from the past repast.

Back to the future because the past is just the opposite side of that rolling boulder that makes that rolling thunderivatives sound as it smashes down everything before it.

Jean Valjean, big rocks, “stolen” loaves of bread to feed his family (his sister’s seven starving children):

https://www.youtube.com/watch?v=naIepsokKaI

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Cartero Atómico's avatar

Rudy! Trump endorsing Ted Bundy had me laughing my butt off. Great work as always. Will you be writing about Bessent's bailout of Argentina? Looks like Scott was actually bailing out old friend Rob Citrone. Once again Socialism for the Rich.

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dlrybch's avatar

Jim Chanos Talks Credit Markets, Bitcoin | Bloomberg Talkshttps://youtu.be/tXXpe0DEwMU?t=214

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Oct 28Edited
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dlrybch's avatar

You might get a kick out of this Open mouth operations https://youtu.be/IDDd3KxBSQI?t=299

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Abe's avatar

in general, your letters depress the hell out of me. but this one has developed in me a new appreciation for why the Founders actually included the Second Amendment in the Constitution. It is now clear that they KNEW that someday, armed overthrow of the government that had finally evolved would be necessary. The next step after that realization are the questions of why and when.

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Jeff Harris's avatar

Always a great read even if some of the subject matter is downright depressing. Keep up the good work!

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Rudy Havenstein's avatar

I’m quite cheerful. Chin up.

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Denis Mexted's avatar

Movie: No Country for Old Men.

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Christian's avatar

Rapture card made me laugh. Was the clip of the dude blowing up the car and walking into the shop from a movie ? If so, which one ? Looks like one I might enjoy !

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Rudy Havenstein's avatar

No Country for Old Men

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Maverick Equity Research's avatar

Thank you Rudy! Cheers!

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Dan Stringer's avatar

The Julian Garran interview with Grant Williams so concisely summarized what I couldn't put together but felt. Like the Global Crossing, 360 Network build out on steroids. Likely will provide value down the line but just a massive waste today.

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