Pat Morita aka Mr. Miyagi passed away. He probably did for karate what Bruce Lee did for kung fu. And that is to say, lead dumb fat Americans to be better at it than the asians. But hey, that's the asian's perogative to be prideful to the point of self-damaging. Every time I hear the phrase "sleeping Dragon" to describe China I just laugh at what is actually a drugged up Chimera flopping mid-air on borrowed time, borrowed money.
I was reading some criticism about Richard Duncan's excellent book The Dollar Crisis, and some guy comments that Duncan is wrong, Chinese banks do NOT use the national surplus as criteria for credit expansion. So I did a little research. That's right, they do not. BUT! Criteria for credit expansion is set by the STATE, and the commies can tell their banks to do whatever they want, and I'm sure the state uses the surplus as a sign of more credit. To say chinese banks are more cognizant of the problems that led to Japan's downfall is probably right. To say chinese banks are therefore less corrupt and in a better position is WRONGWRONGWRONGWRONGWRONG.
But I'm ok. I just recieved my Everbank papers and have dumped significant funds into the Marketsafe S&P and Gold Bullion certificates. Everbank, btw, has been excellent so far, with customer service easy to reach and a personal letter from the CEO who's vision and distrust of the Federal Reserve matches mine. They are an excellent hedging solution, the only bad thing I can see is the bewilderingly pisspoor webpage design.
Phoenix Wright awaits. BTW, if you bought an XBox 360, be aware that it can scratch up your games. I also just met a guy last nite who's friend was the one that posted the shots of 360 crashes. Rumors abound on how high failure rate is (he claimed 15% but that's hard to believe), but no one should be surprised since this happens with nearly every hardware launch. I would have gotten one myself probably if Joanna Dark didn't look like a rap-rocker now.