Re: Mind's Eye money question

Honest toil never is the problem rigs. I wouldn't even take a spare
$1.6 million of my own near a casino. Gambling fascinates me on the
grounds I can't believe people are dumb enough to do it. I was
wondering what we'd get for our $1.6 million. Seems a lot to put at
risk for a view from the 36th floor. Are the high rollers so dumb
they fork out fees like this for a bit of fawning treatment, whores
and so on? I expect we'd find a little place round the corner. I
might be as adventurous as chicken fried rice or duck and pancake-
thingies washed down with a cold beer and warm saki. I don't travel
that far well these days and will be in jet-lagged moron phase for the
week.

There are no winning systems in gambling - unless you count the
bookmakers. I've been in a few casinos - generally sickening places -
and I do understand the pleasure of an odd flutter. I've been
fascinated by the false consciousness of it all for years - and also
the close link between the fee charged by slot-machines and many
financial services (25%). Many of the arbitrage dodges in finance are
attempts to take money like a tote bookmaker (they take no risk at
all). The idea is to get control of other people's money and rake off
fees. Bets are a zero-sum game, cancelling each other out - the money
is made from transaction fees. The stock market is much like this -
the idea of successful gamblers on it is a myth. Nothing beats random
stock picking and the funds that do best are the ones charging the
lowest fees (Bogle etc.)

So what would men who have got rich in China really be doing in the
bits of Macau casinos? Knowing the odds as they must do they really
gamble? Or is the place a whore-house that does money laundering?
And if you look at QE and the rest knowing how a tote book works you
might wonder why our governments have set one up for the banks.

On blind justice you are no doubt right, but if you are reading
Machiavelli you should work out what the status of fine things said in
public really are - which is not true mostly. In a little teasing
between friends, had you given me the $1.6 million I'd have taken it
to social services and asked them to help you. I mow my neighbour's
lawn and Sue takes another older neighbour shopping. Another
neighbour, seeing a couple of my roof tiles loose just fixed them.
He's up pointing the chimney now. I'll take their kids to the
fairground later. No money, no banks, no way for Ben Bernancke to
interfere. Do you know how much he has stolen from you to date?

On Jun 4, 1:17 pm, Molly <mollyb...@gmail.com> wrote:
> well said, Rigs.  Very well said.
>
> On Jun 3, 11:32 pm, rigs <rigs...@gmail.com> wrote:
>
>
>
>
>
>
>
> > I regard blind Justice two ways: to make judgments free from bias and
> > influence and to hide the tears that must flow watching human
> > behaviors.
>
> > On Jun 3, 12:53 am, James <ashkas...@gmail.com> wrote:
>
> > > Justice is also blind of skill, manipulation, corruption, nepotism and
> > > many fine traits that sociopaths will deploy in pursuit of fairness (as
> > > in love and war). You really can learn a lot about people in how they
> > > exercise power and authority, especially from beneath the cloud. Someone
> > > gave me a sideways glance the other day when they mentioned the
> > > importance of loyalty and I am glad they did, I might not have pieced
> > > together with such clarity that some people are out looking for dogs,
> > > whereas I tend to differ on fairness and am looking for the genuine and
> > > authentic. On bearing crosses and turning cheek it seems I would do well
> > > to follow gabby and RP's advice, a long lesson of mine.
>
> > > Thanks Molly for the great tips lately, it is meshing well with my
> > > better foot! :)
>
> > > On 6/2/2013 10:13 PM, rigs wrote:
>
> > > > Part of the problem is the tradition of using warfare and conquest as
> > > > an opportunity to rape and pillage and amass slave labor and
> > > > resources. And business can be a form of warfare. Sometimes justice
> > > > happens slowly outside the courts like a dark cloud. Lawyers are
> > > > despied until you really, really need one. And doctors have the
> > > > repuation of burying their mistakes and dislike the fees for
> > > > malpractice insurance. Look at the problems females have in the
> > > > military and business world reporting sexual harassment. No wonder
> > > > Justice is blind!
>
> > > > On Jun 2, 8:02 pm, James <ashkas...@gmail.com> wrote:
> > > >> It sounds like a challenge fit for one of those legendary wise leaders
> > > >> who presents a challenge and distributes the loss according to just
> > > >> deserts. But I can't help but wonder what a just challenge would be for
> > > >> the plaintiff, and what type of arbitration would be sufficient. It is a
> > > >> puzzle Allan, is the theft held among one generation or multiple, what
> > > >> interests are held against it currently?
>
> > > >> On 6/2/2013 1:48 PM, Allan H wrote:
>
> > > >>> oops  I mean the wealth is no longer considered stolen and has become
> > > >>> acceptable..  even when it is widely know the source is theft..
> > > >>> On Sun, Jun 2, 2013 at 7:13 PM, Allan H <allanh1...@gmail.com
> > > >>> <mailto:allanh1...@gmail.com>> wrote:
> > > >>>      how can money that was stolen be past down to the next
> > > >>>      generation,,  it seems that it becomes perfectly acceptable and
> > > >>>      the wealth is considered no longer acceptable.
> > > >>>      Yet if i buy a painting that was stolen still belongs to the
> > > >>>      family it was stolen from?  It seems it is applied selectively..
> > > >>>      --
> > > >>>       (
> > > >>>        )
> > > >>>      |_D Allan
> > > >>>      Life is for moral, ethical and truthful living.
> > > >>>      Of course I talk to myself,
> > > >>>      Sometimes I need expert advice..
> > > >>>      --
> > > >>>      ---
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> > > >>> --
> > > >>>   (
> > > >>>    )
> > > >>> |_D Allan
> > > >>> Life is for moral, ethical and truthful living.
> > > >>> Of course I talk to myself,
> > > >>> Sometimes I need expert advice..
> > > >>> --
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