The G Manifesto

Kyle Bass on BBC: Sovereign Crisis, Japan, Gold and Guns

I actually posted this interview back when it came out on here: How To Deal With Girls That Are Sexting You

I just listened to it again, and I thought it really deserved its own post.

It is one of the best financial interviews on the web for two reasons.

1. Kyle Bass is a smart cat

2. He masterfully and subtlety slaps around the female interviewer with skill never seen on television.

Some dimes that Bass drops:

“You can’t hate the mirror because you are ugly.” (I may bite this one).

Basically you’re saying if Germany goes joint and severally liable with the profligate idiots of southern Europe will that quote solve the scenario? Think about this. Let’s assume Germany goes to doing a eurobond and Germany takes on these… first of all German constitutional court has already ruled that that’s illegal in Germany, but let’s assume that they get over that and they go ahead and issue this bond. What would that do for the profligate members including Greece when Greece says, “OK we’re all in, we’re good, you’re lending us more money, we have a big debt problem and you’re lending us some more and now we can borrow a little cheaper,” and then Greece keeps spending, and they go back to Germany and say, “OK Germany I need some more money.” Germany says, “No, we’re going to impose this real austerity on you now.” Greece says, “Fine, we’ll default.” Every single time from now on Germany is in the exact situation it’s in today. We call it in Texas a Mexican Standoff, meaning there’s no winner. The profligate members will always have Germany by the short hairs every time this scenario comes up. So I disagree. I don’t think that Germany will end up going all in. It would not be to the benefit of Germany to do so in the long run. Let me ask you this question: How many of your relatives would you go joint and severally liable with?”

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The Rest is Up to You…

Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK, Jr.
AKA The Sly, Slick and the Wicked
AKA The Voodoo Child
The Guide to Getting More out of Life

http://www.thegmanifesto.com

Meltdown: The Men Who Crashed The World Part 1, Alan Grayson, Gold and Occupy Wall Street

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Alan Grayson gives a concise voice to Occupy Wall Street and smacks around P.J. O’Rourke

Click Here for Manias, Panics, and Crashes: A History of Financial Crises

I Stand With The Protesters

I stand with the protesters.

We as a society must stop pretending. Most of us think that we still have money in the bank to protect, so we go along with the game of extend and pretend. For some of us, the game has already ended. The rapacious zero interest rate policy that I call Bernankecide has already robbed millions of savers of their life savings. This is the reality that has yet to hit home for many Americans who are content to wallow in the status quo. Unfortunately, the longer it takes for them to wake up, the worse their, and our, fate will be.

My mother and millions of other senior citizens are among the victims of the game that policy makers and those who empower them are playing. Their life savings are gone because Bernankecide, the financial genocide of the elderly, forced them to spend their principal. Now the government is indirectly confiscating 8% of my income because I must support my mother. That percentage is likely to grow as her health deteriorates.

Millions of other boomers are in the same boat. They are forced to pay this immoral hidden tax because Ben Bernanke decided that the innocent must pay for the sins of the guilty. While Bernanke’s ZIRP goes on allowing the banksters to continue to collect their fat bonuses, it steals the savings of millions of Americans, eliminates their disposable income, and cuts the spending power of millions of others who must now support those rendered destitute. The guilty benefit, and the innocent are punished.

Bernanke knows that, yet he continues to side with the criminal bankers in support of the financial genocide of the super elderly, and their children, the baby boomers who must increasingly support them.

Continue

Click Here for Psychology and the Stock Market: Investment Strategy Beyond Random Walk

Hiding Gold in All the Unusual Places

If you’re looking for a safe place to put your investments, Chad Venzke has a suggestion: Dig a hole in the ground four feet deep, pack gold and silver in a piece of plastic PVC pipe, seal it, and bury it.
The 30-year-old central Wisconsin resident trusts no one but himself to store and protect his gold and silver—not banks, not investment funds, and certainly not the government. It’s precisely because of this suspicion of institutions that he invests in those metals to begin with. In case of emergency, “you always want to have your precious metals within arms reach,” he says.
Venzke is hardly the only investor who wants his precious metals nearby at all times. A pound of gold worth about $24,000 can easily fit in a pocket; how to protect it is a decision that carries expensive consequences. Do-it-yourself investors who don’t trust banks must find creative storage options, whether burying gold in the yard, submerging it in a koi pond, stashing it behind air-conditioning ducts, or placing it under carpets. All these options are debated in online gold and silver investor forums. They’re also debated and demonstrated in youtube videos, including one by Venzke that has been viewed more than 7,000 times.

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Click Here for Tomorrow’s Gold: Asia’s age of discovery

Could this time have been different?

Christina Romer had traveled to Chicago to perform an unpleasant task: she needed to scare her new boss. David Axelrod, Barack Obama’s top political adviser, had been very clear about that. He thought the president-elect needed to know exactly what he would be walking into when he took the oath of office in January. But it fell to Romer to deliver the bad news.

So Romer, a preternaturally cheerful economist whose expertise on the Great Depression made her an obvious choice to head the Council of Economic Advisers, gathered her tables and her charts and, on a snowy day in mid-December, sat down to explain to the next President of the United States of America exactly what sort of mess he was inheriting.

Axelrod had warned her against pulling her punches, and so she didn’t. It was not a pleasant presentation to sit through. Afterward, Austan Goolsbee, Obama’s friend from Chicago and Romer’s successor, remarked that “that must be the worst briefing any president-elect has ever had.”

But Romer wasn’t trying to be alarmist. Her numbers were based, at least in part, on everybody else’s numbers: There were models from forecasting firms such as Macroeconomic Advisers and Moody’s Analytics. There were preliminary data pouring in from the Bureau of Labor Statistics, the Bureau of Economic Analysis and the Federal Reserve. Romer’s predictions were more pessimistic than the consensus, but not by much.

By that point, the shape of the crisis was clear: The housing bubble had burst, and it was taking the banks that held the loans, and the households that did the borrowing, down with it. Romer estimated that the damage would be about $2 trillion over the next two years and recommended a $1.2 trillion stimulus plan. The political team balked at that price tag, but with the support of Larry Summers, the former Treasury secretary who would soon lead the National Economic Council, she persuaded the administration to support an $800 billion plan.

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The Rest is Up to You…

Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK, Jr.
AKA The Sly, Slick and the Wicked
AKA The Voodoo Child
The Guide to Getting More out of Life

http://www.thegmanifesto.com

Sign Language from socially_awkwrd on Vimeo.

Victor Ortiz VS Floyd Mayweather Highlights, Jim Rogers, Marc Faber, Goldman Sachs, Limelight and Chris Paciello

That really was a nice Knockout.

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In financial news:

Marc Faber: “Gold Is Quite Oversold. I Will Consider Buying Gold Over The Next Two Days”

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Jim Rogers Is Bullish On All Commodities, But There’s Only One Sector He Would Buy Right NowBBC Speechless As Trader Tells Truth: “The Collapse Is Coming…And Goldman Rules The World”

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In Clubland news:

Ingrid Casares & Chris Paciello Back in Biz with The Light Group at the Delano?

If you believe the rumors, South Beach is about to go retro, back to the days when people actually danced at clubs, when real celebrities came to party because they wanted to and not for a carefully orchestrated, trite tabloid photo op, and when the words South Beach and hip together in the same sentence was anything but oxymoronic. That’s right, we have excellent sources telling us that the Captain and Tennille of 90s Miami nightlife, Chris Paciello and Ingrid Casares, are teaming up again, this time as partners in the food and beverage operations at the Delano left recently vacant by Jeffrey Chodorow, who was bought out by the hotel’s owners, Morgans Hotel Group, for $20 million.

Read more:

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Chris Paciello back on South Beach scene at Delano

For the first time since he was released from federal prison five years ago, Miami Beach’s fallen nightscape overlord has returned to where it all started.

Chris Paciello, now 40 and described by some who have run into him as “subdued and humbled,” is settling down at the Delano Hotel.
He’ll be living there for the next few months as he works to give back to the legendary beachside resort its No. 1 ranking among hipsters and celebrities.

Read more:

Deja view: Mixed reviews on the return of Chris Paciello

Ever since we broke the news that old school South Beach club guy Chris Paciello was returning to his old stomping grounds and possibly reuniting with his former partner Ingrid Casares in the nightlife biz, the reactions have been as polarizing as the Tea Party vs. the Democrats only, instead of tea, it would be vodka. On one side you have the champions, cheerleaders and aging club kids who can overlook his past and subscribe to the Nostalgia Party (there’s already a Chris Paciello Fan Club and “Chris Paciello, The King Is Back” page on Facebook), while on the other side you have those who say it’s just wrong to glorify the return of someone with a criminal past—we’ll call them the Concerned Party. Both sides will argue back and forth over this until the lights come on in the new Light Group-sanctioned Delano hot spot, so there’s really no end to the debate.

Some say people are jealous or nervous that the reunion of the team some say made South Beach the nightlife capital it once was will ruin their own businesses, and others say that people are downright nervous in general, not for business purposes, but for reasons involving personal safety. It’s no secret Paciello had a violent past, for which he has served time in prison. It’s no secret that he had enemies, some who still live and work on South Beach. We spoke to nightlife veteran Gerry Kelly, currently serving as marketing and nightlife operator at Trio On the Bay, who worked with Paciello and wasn’t exactly BFF with the guy back in the day. “I was surprised to hear he was returning to Miami,” Kelly admitted. “I do believe we all learn from our experiences in life. Miami’s nightlife and entertainment culture has changed so much since the late 90s that we all have to adapt and change to keep up with the never ending new trends. The city is definitely big enough for everyone and I wish him the best.”

Read more:

‘Limelight’: The Rise And Fall Of The Church Of Rave

On Friday, a documentary ostensibly about the rise and fall of a one time club king named Peter Gatien opened in New York (it opens around the country next month). In the early to mid-1990s – the height of rave culture in the U.S. – Gatien owned the biggest clubs in New York City, including Limelight, which lived in a deconsecrated Episcopal Church in the Chelsea neighborhood. Today Gatien lives in Toronto, where he was deported in 2003 after pleading guilty to tax evasion. And Limelight has become a mall. It calls itself a “Festival of Shops.”

Much of the story told in Limelight will be familiar to readers of Clubland, a book chronicling mid-’90s nightlife written by Frank Owen, who covered Limelight at its height and followed its scandalous end in the pages of local alternative weekly the Village Voice. It certainly was to the documentary’s director, Billy Corben, who read the book as he was pursuing another documentary about the man who ran the biggest club in Miami in the mid-’90s. Owen appears frequently as a kind of expert witness in Limelight.

“I had read Clubland because of our interest in Chris Paciello and Liquid in South Beach, and the Miami angle,” says Corben, best known for 2006’s Cocaine Cowboys. Corben and producing partner Albert Spellman still intend to make a movie about Paciello. But first, they’ve made Limelight, which focuses on Gatien, the eye-patched Canadian nightclub impresario who owned Limelight, Palladium, Tunnel and Club U.S.A., who was brought to trial by the City of New York under mayor Rudolph Giuliani’s mid-’90s crime crackdown, alleging that Gatien was overseeing a massive drug ring in his clubs.

Read More

Limelight trailer

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The Rest is Up to You…

Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK, Jr.
AKA The Sly, Slick and the Wicked
AKA The Voodoo Child
The Guide to Getting More out of Life

http://www.thegmanifesto.com

Secret Spot: Spanish Right Hand Tube

A few days ago, all the locals were surfing the main beach break.

I decided to take a long walk around the point and take a look at this cove beach I spocked a few days earlier on a jog before the swell came. (I have a unique ability to find secret spots and set ups).

I anticipated correctly as I was able to surf this perfect right hand tube off the rocks to the head. No one out. (Took a picture from high above on the cliff after the session. It was bigger/better earlier, when I surfed it.)

What’s up now?

Now, you ask, “Where exactly is that spot?”

Do me a favor.

But I will say it is kind of near here:

Or maybe not.

In Gold News:

The gold bug has hit the shopping center.

Gold Max — said to be he largest chain of jewelery-purchasing stores — says it’s on track to open 100 gold-buying shops in Southern California within the next year. It already has seven Orange County stores.

Source

You knew thing was coming.

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The Rest is Up to You…

Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK, Jr.
AKA The Sly, Slick and the Wicked
AKA The Voodoo Child
The Guide to Getting More out of Life

http://www.thegmanifesto.com

Pusha T – Cook It Down (HD)

Custom Suits and Dope Shoes: Save Money by Spending Money

When I posted this, Undefeated Gucci Loafers, a lot of people asked me, “But what if I don’t have the money for Gucci Loafers and Custom Suits?”

Here is the thing most people don’t realize: Custom Suits and Dope Shoes actually save you money.

Let me break it down:

You throw down 5 G’s for a Custom Suit.

If you take care of it, you can have it for minimum 10 years (if not a lifetime and hand it down to your little baby G’s if you go that route).

$5,000 / 10 = $500 per year.

Pretty damn cheap.

Now ask yourself, what would you rather have, a Custom Suit, or some crappy off-the rack job by Hugo Boss for $500 where the buttons will pop off after a heavy night?

Same thing with Gucci Loafers, let’s break it down:

Gucci Loafers will easily last you 5 years, if you take care of them and hit up your shoe cobbler on a regular basis.

$500 / 5 – $100 per year.

Now ask yourself, what would you rather have, a dope pair of Gucci Loafers or some weesh Kenneth Cole’s that will fall apart in 6 months?

Side note: It’s a little harder to pencil out handmade shoes, but they are worth every penny.

And here is the kicker.

With all the money printing that Bernake is doing, investing in Custom Suits and Dope Shoes is investing in real assets. So you are actually hedging against inflation.

Trust me, when the apocalypse comes, you are going to want to have some silver, some gold, some emeralds, some diamonds and shooting it out with an AR-15 and taking Thorozine while Custom Suited Down.

For Style Points, of course.

International Playboy of The Apocalypse.

The Rest is Up to You…

Michael Porfirio Mason
AKA The Peoples Champ
AKA GFK, Jr.
AKA The Sly, Slick and the Wicked
AKA The Voodoo Child
The Guide to Getting More out of Life

http://www.thegmanifesto.com

Shoe Shoe Shine 1974