a little off topic...Bill Bonner, in London....
*** "Is it overkill?" wondered the Daily Mail, with a bad choice of words.
Half of London's police, 14,000 men, plus 250 armed secret service agents, have the job of trying to make sure that U.S. President George W. Bush
survives his trip to Britain's capital. A better headline, on our opinion, would have been "Is it worth it?" There are no shortage of candidates
for America's top office. In short supply, on the other hand, are police in London...and parking places, most of which seem to have been eliminated
in London's drive to keep George W. Bush among the quick.
"Even mobile phones will be cut off," continues the Daily Mail. Security agents are worried that mobile phone signals could be used to set off a
bomb.
Bush, say the protesters' signs, is Britain's most unwelcome visitor in a long time. But at least he is not likely to be arrested, as was Chile's
former president General Augusto Pinochet, for 'crimes against humanity.'
*** A note from friend Byron King: "This quotation is from Benjamin Franklin, a Founding Father:
'Rather go to bed without dinner than to rise in debt.' - Benjamin Franklin
"His roots were in an English-cultured Colonial America, and he was truly an Anglophile. But later in his life, he showed a fierce and abiding love
for his native land. As he was leaving Independence Hall at the conclusion of the Constitutional Convention, he was asked by a passerby what form of
government the nation would have. He replied, 'A republic, if you can keep it.'
"One of the finest modern historians, H.W. Brands, in a biography published in 2000, considered his life and called Benjamin Franklin 'The First
American'. Today, the nation reveres the memory of Benjamin Franklin by placing his face on the $100.00 Federal Reserve Note, one of the most
commonly used debt instruments in the world. Go figure..."
*** "It's so odd," we remarked to a friend, "the way the English upper classes all seem to have some speech impediment. Either they stammer, make
some goofy expression with their mouths, or some silly laugh."
"You see," our friend explained, "accents are so important in Britain that making some gesture with your mouth is extremely significant. The upper
classes, having perfect Oxbridge accents, feel the need to compensate. They are so confident of their superiority that they give themselves a handicap
to prove it...like a guy who spots you a few points when you go up against him in sports. No matter who wins...he's the winner."
In nature, some of the fittest males give themselves a handicap. Bright plumage on a bird, for example, signals to the females that this guy can
survive - even though he stands out like a traffic accident. A more discreet animal may have a survival edge...but lack a way to communicate his
genetic fitness to potential mates. We have even heard of some animals that display their handicaps when pursued by predators. Rather than dart to
safety, some males deliberately make a show of bravado in order to impress the females.
In America, the rich have always handicapped themselves in other ways. They play golf....buy expensive houses, fancy cars...learn about French wines
and cigars...and often even get divorced so they can marry a 'trophy' wife. All of these things cost time and money...effectively giving their
competitors a few points advantage.
But now, the whole nation seems to want to give itself a huge handicap...buying things it doesn't need and cannot afford with money it cannot earn
and doesn't intend to pay back.
Often, we note, the handicaps are a little too much. The tycoon collapses under the weight of his acquisitions. The colorful male bird ends up as some
other male's meal. And the upper-class Englishman sounds as if he is brain- damaged.
www.dailyreckoning.com...