Debt Limit Hallucinations And Lies Vs Day Trading Reality

Debt Ceiling Stupidity versus Day Trading For a Living

This is about the fundamental insanity of "debt ceiling" talk

First of all, let's be frank.

Not Barney Frank, who looooooves debt.

Let's be the kind of frank that faces facts.

Everyone knows the facts:

The US is in debt. An awfully large amount of debt.

Just like everyone else I've seen the numbers, and they are impossible to comprehend.

Except of course for those in the Obama Adminstration who think they are just a "drop in the bucket" compared to the debt we COULD be in (salivating).

They'd love to run it up WAY higher, just to see how high it would go before it all fell down.

They'd love to stack it up and then pull out the sticks until all the marbles come falling down, just like the game "Kerplunk."

Back to the debt issue, some of these Chicken Littles are insisting that if we can't borrow more, the whole country - maybe even the whole world!!!!!- will go Kerplunk.

These guys in Obamaland have two tactics they use every time anyone has a different opinion than they do.

Any other opinion is either (a) just racism, or (b) going to destroy the whole world!!!!!

Horse puckey.

Everyone knows how to get out of debt. First of all you cut your spending. Then you don't borrow any more.

You save instead of spend.

Then you can go to an all cash method of living.

Every time I mention such things to economists I know they tell me I just don't understand, and then they inform me that I'm going to destroy the world and I'm a racist.

Now in the world of day trading, when you spend all your money and all the credit they are going to give you at the brokerage, they give you what's called a "margin call."

It means basically, pay up or we break your legs.

Well not literally your legs. A bit of other anatomy.

If you get a margin call like this there's only one reason, and that's because you didn't manage your money correctly and lost too much at trading.

And it's exactly what should happen to you. You should be halted from trading anymore and have to go back to saving money in order to ever trade again.

In the real world there are consequences to your actions.

In the world of the government the only thing you do is make exceptions and print money.

Now as day traders there's only one thing we can do. Wait for the many "Kerplunks" that are coming, and go short.

There's going to be a lot of marbles everywhere. I plan to get me lots of them, how about you?