“Our enemies are innovative and resourceful, and so are we. They never stop thinking about new ways to harm our country and our people, and neither do we.” - George W. Bush

All The Best


I want to thank everyone who participated in the Elephant Bar over the past twelve years. We had millions of visitors from all around the World and you were part of it. Over the past dozen years, two or three times a night, I would open my laptop and some of you were always there. I will miss that.

My plans are to continue my work with technology and architecture. You know my interests and thoughts.

At times, things would get a little rough in the EB. To those of you that I may have offended over the years, I apologize. From all of you, I learned and grew.

An elephant never forgets.
Be well.

Deuce, 21 June 2018

Monday, July 18, 2011

A Word to the Wise: Keep Your Own Currency

Today, Italy’s benchmark 10-year bond yields rose above 6%. Spanish yields hit 6.35%. Should Italian rates cross the 7% mark, it is unlikely Italy can repay its debts.

Record-high Irish borrowing rates are at 14%.

Unemployment in Portugal is 12.4% (youth: 28.1). The figures for Spain are 20.9% (44.4), Greece 15%(38.5), Ireland 14% (26.5), Latvia 16.2% (32.9). You cannot stimulate growth in an economy with rising real interest rates. This is meltdown, EU-style. Are there any good reasons for a country not to have its own currency?

The Euro is still north of USD 1.40.


  1. Banks face demands from the European Union to more than triple the minimum levels of core capital they must hold to stave off insolvency under proposals that some lenders complain will hamper the region’s economic recovery.

    I should say.

  2. The figures for Spain are 20.9% (44.4)

    Things don't change much in Spain. That sounds about like it was in their pre-civil war times.

    Meanwhile here we are darn near in a depression and we're supposed to have the best currency in the world.

    It all started with the damned farmers. Sometimes I think we'd all be better off as hunter-gatherers again.


  3. We're in for one long, hard row.

  4. The only difference between now, and 1931 is we've kept the banks open, so far.

  5. No credit to the idiot, thieving bankers, of course.

  6. Cotton on the roadside, cotton in the ditch;

    we picked that cotton but we never got rich.


  7. I loaded 16 tons
    And what did I get
    Another day older
    And deeper in debt

    16 Tons


  8. I owe my soul to the Company Store.

    Tennessee Ernie Ford.

  9. It was one night in Memphis, a redneck grabbed me by my shirt. He said "go back to the cotton patch,"

    and I left him dyin' in the dirt.

    But, I never picked cotton.

  10. gnite Rufus my daughter is happy she got a job at the stables


  11. :)

    Good deal, Bob. Funny things make wimmin happy. :)