Nasty article in Der Spiegel, Out of Control: The Destructive Power of the Financial Markets, which helps explain what’s behind the financial transactions tax that was recently introduced by Angela Merkel and Nicolas Sarkozy. The article opens,

The enemy looks friendly and unpretentious. With his scuffed shoes and thinning gray hair, John Taylor resembles an elderly sociology professor. Books line the dark, floor-to-ceiling wooden shelves in his office in Manhattan, alongside a bust of Theodore Roosevelt and an antique telescope.

Taylor is the chairman and CEO of FX Concepts, a hedge fund that specializes in currency speculation. It’s the largest hedge fund of its kind worldwide, which is why Taylor is held partly responsible for the crash of the euro. Critics accuse Taylor and others like him of having exacerbated the government crisis in Greece and accelerated the collapse in Ireland.

The vitriol for hedge fund types is ubiquitous, but there is also a some truth in the article, especially on regulatory issues. Swedish Finance Minister Anders Borg refers to people like Taylor as “like a pack of wolves.” New York Governor Andrew Cuomo even gets into the mix as once likening short-sellers to “looters after a hurricane.”

Here are some more money quotes from the piece, which is well worth your time:

- The truth is that the financial markets are controlling the politicians.

– The markets take advantage of every weakness and every rumor to speculate against one country after the next.

- Stock markets are currently in turmoil. Even the most experienced equity traders cannot remember a time when prices fluctuated as widely from day to day — and often even within a single day — as they have in recent weeks.

- But without the destructive power of the banks, hedge funds and other investment companies, the world would not be where it is today — at the edge of an abyss.

- Many things that happen on Wall Street and in London’s financial district are “socially useless,” says Lord Adair Turner, chairman of Britain’s Financial Services Authority (FSA).

- Flassbeck believes that the crises in the globalized economy have “a common root, namely the inability of economists to correctly interpret the world.”

-Of all people, it was an academic specializing in literary studies who managed to most accurately analyze the insanity of the financial markets and the impotence of economists.

- When Deutsche Börse decided to move from Frankfurt to the nearby town of Eschborn, the town saw a rapid increase in the demand for air-conditioned basement space, where so-called high-frequency traders, as well as banks, set up their state-of-the-art supercomputers.

- The traders at Deutsche Bank are apparently more clued into who holds Greece’s government bonds than the Greeks themselves.

- Speculation has always existed in economic history, but never to such an extent as today.

- German Chancellor Angela Merkel knows that there is more at stake than the stability of the economy and overcoming a temporary weakness. “This type of crisis cannot be allowed to repeat itself in the foreseeable future,” Merkel said, “otherwise it will be extremely difficult to guarantee political stability, and not only in Germany.”

- Following the near-collapse of the markets, then-German President Horst Köhler characterized the financial markets as a “monster.”

- Jochen Sanio, head of Germany’s banking regulatory agency, believes it is highly likely that the next crisis will emanate from this largely unregulated realm of hedge funds and other financial players.

- When asked whether it is possible to make future crises unlikely, Hilmar Kopper, the former CEO of Deutsche Bank and current chairman of the supervisory board of HSH Nordbank, replies with a simple “no.” According to Kopper, more huge financial bubbles could happen in the future.

Let’s get ready to rumble!

>

(click here if charts are not observable)

Paul Krugman:

Awesome Wrongness: I hear that there was some action in the markets yesterday.

OK, seriously: things are looking really terrible, And crucially, they’re looking terrible in the wrong way, at least if you wanted to believe that political and policy debate over the past year and a half made any sense at all. We’ve been utterly preoccupied with deficits, deficits, deficits; there was supposedly a crisis looming, but a crisis that would take the form of an attack by the bond vigilantes.

And here we are, with markets now deeply worried not by deficits but by stalling growth, fearing not fiscal profligacy but fiscal austerity, and with interest rates at historic lows.

Instead of turning into Greece, we’ve turned into Japan, except much worse. And policy is replaying 1937.

In the past, you could make excuses on the grounds of ignorance. In the 1930s they didn’t have basic macroeconomics. Even in Japan in the 1990s you could argue that it took a long time to realize that the liquidity trap was a real possibility in the modern world.

But we came into this crisis with a pretty good understanding of what was at stake and pretty good analysis of the policy options — yet policy makers and, I’m sorry to say, many economists just chose to ignore all that and go with their prejudices instead.

And the worst of it is that the people who got this so wrong have not and probably won’t admit to their awesome wrongness; on the contrary, they’ll dig in. And the Lesser Depression will go on and on and on.

If nothing else, the idea of expansionary austerity should be discredited.

Op-Ed Contributor: Stop Coddling the Super-Rich

Op-Ed Contributor: Stop Coddling the Super-Rich: "We mega-rich should not continue to get extraordinary tax breaks while most Americans struggle to make ends meet.

"

OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.

While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks. Some of us are investment managers who earn billions from our daily labors but are allowed to classify our income as “carried interest,” thereby getting a bargain 15 percent tax rate. Others own stock index futures for 10 minutes and have 60 percent of their gain taxed at 15 percent, as if they’d been long-term investors.

These and other blessings are showered upon us by legislators in Washington who feel compelled to protect us, much as if we were spotted owls or some other endangered species. It’s nice to have friends in high places.

Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was $6,938,744. That sounds like a lot of money. But what I paid was only 17.4 percent of my taxable income — and that’s actually a lower percentage than was paid by any of the other 20 people in our office. Their tax burdens ranged from 33 percent to 41 percent and averaged 36 percent.

If you make money with money, as some of my super-rich friends do, your percentage may be a bit lower than mine. But if you earn money from a job, your percentage will surely exceed mine — most likely by a lot.

To understand why, you need to examine the sources of government revenue. Last year about 80 percent of these revenues came from personal income taxes and payroll taxes. The mega-rich pay income taxes at a rate of 15 percent on most of their earnings but pay practically nothing in payroll taxes. It’s a different story for the middle class: typically, they fall into the 15 percent and 25 percent income tax brackets, and then are hit with heavy payroll taxes to boot.

Back in the 1980s and 1990s, tax rates for the rich were far higher, and my percentage rate was in the middle of the pack. According to a theory I sometimes hear, I should have thrown a fit and refused to invest because of the elevated tax rates on capital gains and dividends.

I didn’t refuse, nor did others. I have worked with investors for 60 years and I have yet to see anyone — not even when capital gains rates were 39.9 percent in 1976-77 — shy away from a sensible investment because of the tax rate on the potential gain. People invest to make money, and potential taxes have never scared them off. And to those who argue that higher rates hurt job creation, I would note that a net of nearly 40 million jobs were added between 1980 and 2000. You know what’s happened since then: lower tax rates and far lower job creation.

Since 1992, the I.R.S. has compiled data from the returns of the 400 Americans reporting the largest income. In 1992, the top 400 had aggregate taxable income of $16.9 billion and paid federal taxes of 29.2 percent on that sum. In 2008, the aggregate income of the highest 400 had soared to $90.9 billion — a staggering $227.4 million on average — but the rate paid had fallen to 21.5 percent.

The taxes I refer to here include only federal income tax, but you can be sure that any payroll tax for the 400 was inconsequential compared to income. In fact, 88 of the 400 in 2008 reported no wages at all, though every one of them reported capital gains. Some of my brethren may shun work but they all like to invest. (I can relate to that.)

I know well many of the mega-rich and, by and large, they are very decent people. They love America and appreciate the opportunity this country has given them. Many have joined the Giving Pledge, promising to give most of their wealth to philanthropy. Most wouldn’t mind being told to pay more in taxes as well, particularly when so many of their fellow citizens are truly suffering.

Twelve members of Congress will soon take on the crucial job of rearranging our country’s finances. They’ve been instructed to devise a plan that reduces the 10-year deficit by at least $1.5 trillion. It’s vital, however, that they achieve far more than that. Americans are rapidly losing faith in the ability of Congress to deal with our country’s fiscal problems. Only action that is immediate, real and very substantial will prevent that doubt from morphing into hopelessness. That feeling can create its own reality.

Job one for the 12 is to pare down some future promises that even a rich America can’t fulfill. Big money must be saved here. The 12 should then turn to the issue of revenues. I would leave rates for 99.7 percent of taxpayers unchanged and continue the current 2-percentage-point reduction in the employee contribution to the payroll tax. This cut helps the poor and the middle class, who need every break they can get.

But for those making more than $1 million — there were 236,883 such households in 2009 — I would raise rates immediately on taxable income in excess of $1 million, including, of course, dividends and capital gains. And for those who make $10 million or more — there were 8,274 in 2009 — I would suggest an additional increase in rate.

My friends and I have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice.

Warren E. Buffett is the chairman and chief executive of Berkshire Hathaway.

Dismal Thoughts

Dismal Thoughts: "Intellectual failure on an epic scale."

Dismal Thoughts

To be an economist of my stripe these days — basically a Keynes-via-Hicks type, who concluded as soon as Lehman fell that we were in a classic liquidity trap with all that implied — is a bittersweet experience, with the bitter vastly greater than the sweet.

The good news, such as it is, is that our underlying model has performed very well. Interest rates have stayed low despite large government borrowing; crowding out has been totally absent; huge increases in the monetary base have not been highly inflationary.

The bad news is that policy makers almost everywhere have failed dismally, and seem determined not to take on board the lessons of experience, either historical or what we’ve learned the past few years. As Joe Stiglitz says,

When the recession began there were many wise words about having learnt the lessons of both the Great Depression and Japan’s long malaise. Now we know we didn’t learn a thing. Our stimulus was too weak, too short and not well designed. The banks weren’t forced to return to lending. Our leaders tried papering over the economy’s weaknesses – perhaps out of fear that if we were honest about them, already fragile confidence would erode. But that was a gamble we have now lost. Now the scale of the problem is apparent, a new confidence has emerged: confidence that matters will get worse, whatever action we take. A long malaise now seems like the optimistic scenario.

Robert Reich, talking to people in the administration, says that there has been a deliberate decision to focus on the wrong issues, knowing that they’re the wrong issues:

So rather than fight for a bold jobs plan, the White House has apparently decided it’s politically wiser to continue fighting about the deficit. The idea is to keep the public focused on the deficit drama – to convince them their current economic woes have something to do with it, decry Washington’s paralysis over fixing it, and then claim victory over whatever outcome emerges from the process recently negotiated to fix it. They hope all this will distract the public’s attention from the President’s failure to do anything about continuing high unemployment and economic anemia.

And in Europe, says Kantoos Economics, a low inflation target has become a sacred icon even though all evidence – including the experience under the gold standard! — says that this will be fatal:

I sincerely do hope that I read the wrong newspapers and missed all those European economists and commentators screaming all these things (or even better: that I am wrong). But whenever I try to hear something, there is just silence – or Axel Weber lashing out at Olivier Blanchard. Meanwhile, European policy makers and central bankers are wrecking one of the most fascinating projects in human history, the unity and friendship among the countries of Europe. This is beyond depressing. Way beyond.

I’m still trying to make sense of this global intellectual failure. But the results are not in question: we are making a total mess of a solvable problem, with consequences that will haunt us for decades to come.

The Wrong Worries

The Wrong Worries, by Paul Krugman, Commentary, NY Times: In case you had any doubts, Thursday’s more than 500-point plunge in the Dow Jones industrial average and the drop in interest rates to near-record lows confirmed it: The economy isn’t recovering, and Washington has been worrying about the wrong things. ...

For two years, officials at the Federal Reserve, international organizations and, sad to say, within the Obama administration have insisted that the economy was on the mend. Every setback was attributed to temporary factors — It’s the Greeks! It’s the tsunami! — that would soon fade away. And the focus of policy turned from jobs and growth to the supposedly urgent issue of deficit reduction.

But the economy wasn’t on the mend. ... Where was growth supposed to come from? Consumers, still burdened by the debt that they ran up during the housing bubble, aren’t ready to spend. Businesses see no reason to expand given the lack of consumer demand. And thanks to that deficit obsession, government, which could and should be supporting the economy..., has been pulling back.

Now it looks as if it’s all about to get even worse. So what’s the response?

To turn this disaster around, a lot of people are going to have to admit, to themselves at least, that they’ve been wrong and need to change their priorities, right away. ... Those plunging interest rates and stock prices say that the markets aren’t worried about either U.S. solvency or inflation. They’re worried about U.S. lack of growth. And they’re right...

Earlier this week, the word was that the Obama administration would “pivot” to jobs now that the debt ceiling has been raised. But what that pivot would mean, as far as I can tell, was proposing some minor measures that would be more symbolic than substantive. And, at this point, that kind of proposal would just make President Obama look ridiculous.

The point is that it’s now time — long past time — to get serious about the real crisis the economy faces. The Fed needs to stop making excuses, while the president needs to come up with real job-creation proposals. And if Republicans block those proposals, he needs to make a Harry Truman-style campaign against the do-nothing G.O.P.

This might or might not work. But we already know what isn’t working: the economic policy of the past two years — and the millions of Americans who should have jobs, but don’t.

Meanwhile, in the Global Economy

Meanwhile, in the Global Economy: "Bad all around."

Bad news all over. In the US, Manufacturing growth hits lowest level in 2 years. In Europe, my favorite current indicator of the eurozone crisis, the Italy-Germany bond spread, has blown out again. And while part of this is due to falling German rates — which, like falling US rates, reflect growing pessimism about growth — the Italian bond rate is once again at 6 percent, a level that invites a self-fulfilling debt spiral.

Oh, and in Britain, poster child for wonderful expansionary austerity, we have this:

For the fifth consecutive month, the manufacturing sector has disappointed expectations. In the past six months, the headline composite index has crashed by 12.5 points, a record only exceeded post-Lehman in 2008. Output has been slightly better behaved over the past few months, but July’s 2 point decline to 50.6 leaves it slightly below May’s trough. Worryingly, the temporary supply-chain disruptions that depressed output in May appear to have eased, indicating that July’s weakness might be more structural

I’m so glad we have a deal that will bring the confidence fairy to our rescue!

snake oil or cure all?

snake oil or cure all?: "


From Information is Beautiful. Larger circles indicate popular supplements. Y-axis indicates clinical evidence of evidence. Higher is better.

The End of Eurosclerosis - NYTimes.com

The End of Eurosclerosis - NYTimes.com

The End of Eurosclerosis

I’ve written a number of times about the weird way American perceptions of Europe seem stuck in the past. It’s common — especially on the right, but more broadly too — to see Europe as a land of stagnant economies and lack of jobs. This vision had some truth in the 1990s, but was becoming less and less true even before the crisis, which hit US employment much harder than European employment.

The New York Fed has noticed. Via Mark Thoma, the Liberty Street blog has a piece on the vanishing US-EU employment gap. If you want a simple takeaway, here’s the picture:

More detailed analysis shows that the remaining gap comes from lower employment rates in Europe for the young and old; prime-age workers, especially men, are if anything more likely to be working in Europe.

And you should note that this European performance comes despite the fact that tax levels and levels of social benefits are vastly higher than they are here. Any US politician proposing even a partial move in Europe’s direction would be accused of being a job-killer. Somehow, though, the jobs survive.

Oh, and as many people have noticed, America now has European levels of joblessness without a European safety net. We’re definitely leading in the misery race.

Guess Who's Tanking?

Guess Who's Tanking?: "Not us, today." By Paul Krugman

Many people feared a calamitous morning in the markets, as investors reacted to the continuing stalemate over the debt ceiling. Well, it has been fairly calamitous — but not for the United States. The big news, instead, is that Italian and Spanish spreads — the difference between interest rates on their bonds and interest rates on (presumably safe) German bonds — have widened drastically again. Last week’s big rescue plan apparently didn’t restore confidence.

Sometimes it looks as if the Europeans and the Americans are in a contest to see who can do the most to mess up an economy that should be very strong. Today, surprisingly, the Europeans seem to have won a round.

Where the World’s Data Is Stored

"

America the Outlier

America the Outlier: "

Tina Fey: “A Prayer for My Daughter”

Tina Fey: “A Prayer for My Daughter”: "

First, Lord: No tattoos. May neither Chinese symbol for truth nor Winnie-the-Pooh holding the FSU logo stain her tender haunches.

May she be Beautiful but not Damaged, for it’s the Damage that draws the creepy soccer coach’s eye, not the Beauty.

When the Crystal Meth is offered, May she remember the parents who cut her grapes in half and stick with Beer.

Guide her, protect her when crossing the street, stepping onto boats, swimming in the ocean, swimming in pools, walking near pools, standing on the subway platform, crossing 86th Street, stepping off of boats, using mall restrooms, getting on and off escalators, driving on country roads while arguing, leaning on large windows, walking in parking lots, riding Ferris wheels, roller-coasters, log flumes, or anything called “Hell Drop,” “Tower of Torture,” or “The Death Spiral Rock ‘N Zero G Roll featuring Aerosmith,” and standing on any kind of balcony ever, anywhere, at any age.

Lead her away from Acting but not all the way to Finance. Something where she can make her own hours but still feel intellectually fulfilled and get outside sometimes and not have to wear high heels.

What would that be, Lord? Architecture? Midwifery? Golf course design? I’m asking You, because if I knew, I’d be doing it, Youdammit.

May she play the Drums to the fiery rhythm of her Own Heart with the sinewy strength of her Own Arms, so she need Not Lie With Drummers.

Grant her a Rough Patch from twelve to seventeen. Let her draw horses and be interested in Barbies for much too long, For childhood is short – a Tiger Flower blooming Magenta for one day – And adulthood is long and dry-humping in cars will wait.

O Lord, break the Internet forever, That she may be spared the misspelled invective of her peers and the online marketing campaign for Rape Hostel V: Girls Just Wanna Get Stabbed.

And when she one day turns on me and calls me a Bitch in front of Hollister, Give me the strength, Lord, to yank her directly into a cab in front of her friends, For I will not have that Shit. I will not have it.

And should she choose to be a Mother one day, be my eyes, Lord, that I may see her, lying on a blanket on the floor at 4:50 A.M., all-at-once exhausted, bored, and in love with the little creature whose poop is leaking up its back.

“My mother did this for me once,” she will realize as she cleans feces off her baby’s neck. “My mother did this for me.” And the delayed gratitude will wash over her as it does each generation and she will make a Mental Note to call me. And she will forget. But I’ll know, because I peeped it with Your God eyes.

Amen.

From her new book.

Hat tip to sister Shelly.

"

How to spot trouble

PERHAPS it's an indicator of a low birth rate (so no one to pay for future pensions). Maybe it hints at a lack of ambition and accountability. Or maybe it's a sign of a civilisation in the final stage of decline. Whatever explains it, the correlation is remarkable:

If he lives with his parents, you might want to think twice. About buying his government's debt.

30 Things We Need — and 30 We Don't

WE NEED LESS:	WE NEED MORE:
Information	Wisdom
Shallow billionaires	Passionate teachers
Self-promotion	Self-awareness
Multitasking	Control of our attention
Inequality	Fairness
Sugar	Lean protein
Action	Reflection
Super sizes	Smaller portions
Private jets	High-speed trains
Calculation	Passion
Experts	Learners
Blaming	Taking responsibility
Judgment	Discernment
Texting	Reading
Anger	Empathy
Output	Depth
Constructive criticism	Thank-you notes
Possessions	Meaning
Righteousness	Doing the right thing
Answers	Curiosity
Long hours	Longer sleep
Complaining	Gratitude
Sitting	Moving
Selling	Authenticity
Cynicism	Realistic optimism
Self-indulgence	Self-control
Speed	Renewal
Emails	Conversations
Winning	Win-win
Immediate gratification	Sacrifice

"Dont smile at people" in New York

"Dont smile at people" in New York: "

"Dont smile at people" in New York

"

Facebook & its double standard on sharing

Facebook & its double standard on sharing: "
Mark Zuckerberg announced the Skype-Facebook collaboration yesterday and showed off a great product built by the Skype team. As he talked about the world, he amplified his long held belief that people love to share and sharing on Facebook will only keep growing. He’s held that belief for a long time and talked about it first in 2008. Yesterday, he equated what is being dubbed as Zuckerberg’s Law to Moore’s Law. It makes perfect marketing sense that he would do that.

For me, data is the plastic of the 21st century, something I have said again and again. My belief in the disruptive power of data prompted me to start writing about it long before it became fashionable and we organized a gathering around it as well. I am even working on a book around it. Thus, I was excited to hear Zuckerberg talk at length about data and its capabilities.

Photo courtesy of Inside Facebook

So I set off to write about Facebook and its data-centric approach to the web. To supplement my writing, I asked the Facebook public relations team if they would be kind enough to share a slide with me from Mark’s presentation — the slide you currently see in the post . . . thanks to my friends at Inside Facebook. (I wanted a higher resolution photo than the one pictured versus using a screen grab from the Facebook video livestream).

But the Facebook PR team decided that they didn’t want to share that slide. That answer did catch me by surprise. I mean, I wasn’t asking for a trade secret or an exclusive piece of information. I was asking for a piece of a document that had already been shared publicly. First I was annoyed; Irritated even. But I decided to let it go.

And then I thought about it some more. The answer from Facebook’s press team is reflective of what is Facebook’s corporate DNA of hoarding information. The company’s approach to data is that of a one way street: use any of its products — Facebook Connect, Facebook Comments, Facebook Likes — and you keep sending data into the giant Facebook brain.

When you want to take something out of the Facebook borg — well, that isn’t going to happen. And when you do get access to the data, it is in a limited fashion for a select few companies.

I have been around long enough to know that companies have a way of putting on a happy face. Just as I don’t buy into the “do no evil” nonsense from Google, I have been skeptical of Facebook and its friendliness.

On paper, it is a mere slide from a PowerPoint, but in reality it is the true reflection of a double standard on sharing by Facebook. I think next time Mark or his brilliant CTO Bret Taylor talk about sharing, they should also remember the age old saying — actions speak louder than words.

• 
  

---

"

Hate it

Hate it: "

Hate it

"

Some wise words from wise people

Dilbert (No comment)

Hippocrates

If I have heard about this quotation before I would have chosen to be a doctor...

Second hand bargains

Amazon can be confusing sometimes

Married couples in Facebook

There is nothing I despise more than fights of married couples... Here is a drama that is publicly broadcasted in Facebook... Ladybugs quick confession of male impotence always fascinates me... They already have 3 kids and they have a huge potential to create another dysfunctional family...

Breaking news

There are people living large and there are people that lives in small worlds... There are news stations for every kind of people on earth... Here is a breaking news for small world inhabitants

Family Business

Wonderful tirade by a female and a relevant post in Craigs list

John: Hey Sarah, how are you doing?;

Sarah: I'm great, John. What about you?

John: I'm doing okay. Say... I was wondering - seeing as it's Saturday tomorrow - whether you'd like to go out and see a movie or something?

Sarah: Oh, sorry, I can't tomorrow! Me and my boyfriend are going out for dinner.

John: ... Your boyfriend?

Sarah: Yep! You know Jason from school? We started going out a few days ago. He's a really funny guy to be around!

John: Yeah, I remember him...

Sarah: It was really nice when we got together. I took my little sister to the park and he was sitting on one of the benches, looking lonely. I was kind of down, too, so I went over to talk to him. We just sort of clicked.

John: You were unhappy?

Sarah: Yeah, I guess.

John: You could've talked to me about it, if you wanted. I'm always here to listen.

Sarah: I know, and thanks. That means a lot.

John: Sarah, I might as well say this now: I love you. I sit up at night, wishing we were together, because I care about you so much. I want to hold you when you're upset and I want us to share the rest of our lives together, because when I'm with you, it feels like everything will be okay. I've always been here for you, Sarah, but it feels like you never take any notice of me, instead opting to go out with these douchebags who never listen to you and just betray your trust. I've been right in front of you, and I just wish you'd give me a chance to make you happy.

SARAH

Yeah. That's right. You always were. Back then, and to this day, you were there for me. Always at your computer, ready to provide a virtual hug and a virtual smile with your lovely B grade English. You sit, watch and wait as I apparently inflict these countless dickhead guys on myself, all the while expecting me to turn around after the last guy and say "John, it's you I should have fallen in love with all along!". After which, we get together and I hold your hand through all of the movie theaters and sunny beaches and sleepovers that you never got to experience like the rest of us at fourteen years of age, because you still don't have the gumption to do now what you didn't have the gumption to do then. You're dull, John. You're boring, and you're boring because while these shitheads were getting outside and into the sun, making mistakes and experiencing the wonders of youth, you were in your room, learning about every facet of your favourite RPG, pretending to understand arguments about religion and politics to appear smart and creating dreadful, dreadful heartbroken poetry, trying to convince yourself that knowledge is better than wisdom. It isn't, John, and the only reason I would go out with anybody who spent so much time learning about ancient conflicts that don't matter anymore is if they were confident and cheerful, or if they were great in bed, things that I suspect you know nothing about. These guys know that we girls need excitement, variation, cuddles, arguments and not to just trundle along for the rest of our lives with some submissive coward telling us we're great, because having to listen to the same soppy sweet talk over and over again is boring. I like it when I fight with my boyfriends. It shows that they aren't afraid to voice their true opinions about me, unlike a guy a who tells me I'm interesting and cute when he really thinks I'm neurotic and not intelligent enough to pick up on his true intention of having sex with me when he wants and then trying to have deep, meaningful conversations with me to maintain the fictitious image he has of his sensitive, caring side. Girls want to be with arseholes because they are savage and uncivilized, and in many cases this means that they are impulsive, full of energy and strong, as opposed to pale skinned, calculating, "intellectual" men who, when push comes to shove, wouldn't know excitement if it hit them in the face. I'd go so far as to say that your rejection - or lack - of your male instincts will stem population growth, as more and more shy guys try to become intelligent by studying a wide range of information that is largely supplied and accepted by previous social inadequates, instead of following their primal instincts of becoming grown men, impregnating women and thus contributing to the continuation of the human race. I'm sorry if I consider the future of our species to be more important than your pathetic lust for a pure, innocent virgin, but quite frankly, the only thing that your introversion says to me is that you are trying to appear timid, shy and misunderstood, when in reality, your reluctance to take some control over your life and your tendency to whine and feign depression when things don't go your way makes me think of you as nothing more than a selfish, cowardly prick.

AND A NICE ONE FROM CRAIGSLIST

What happened to all the nice guys?

The answer is simple: you did.

See, if you think back, really hard, you might vaguely remember a Platonic guy pal who always seemed to want to spend time with you. He'd tag along with you when you went shopping, stop by your place for a movie when you were lonely but didn't feel like going out, or even sit there and hold you while you sobbed and told him about how horribly the (other) guy that you were fucking treated you.

At the time, you probably joked with your girlfriends about how he was a little puppy dog, always following you around, trying to do things to get you to pay attention to him. They probably teased you because they thought he had a crush on you. Given that his behavior was, admittedly, a little pathetic, you vehemently denied having any romantic feelings for him, and buttressed your position by claiming that you were "just friends." Besides, he totally wasn't your type. I mean, he was a little too short, or too bald, or too fat, or too poor, or didn't know how to dress himself, or basically be or do any of the things that your tall, good-looking, fit, rich, stylish boyfriend at the time pulled off with such ease.

Eventually, your Platonic buddy drifted away, as your relationship with the boyfriend got more serious and spending time with this other guy was, admittedly, a little weird, if you werent dating him. More time passed, and the boyfriend eventually cheated on you, or became boring, or you realized that the things that attracted you to him weren't the kinds of things that make for a good, long-term relationship. So, now, you're single again, and after having tried the bar scene for several months having only encountered players and douche bags, you wonder, "What happened to all the nice guys?"

Well, once again, you did.

You ignored the nice guy. You used him for emotional intimacy without reciprocating, in kind, with physical intimacy. You laughed at his consideration and resented his devotion. You valued the aloof boyfriend more than the attentive "just-a-" friend. Eventually, he took the hint and moved on with his life. He probably came to realize, one day, that women aren't really attracted to guys who hold doors open; or make dinners just because; or buy you a Christmas gift that you mentioned, in passing, that you really wanted five months ago; or listen when you're upset; or hold you when you cry. He came to realize that, if he wanted a woman like you, he'd have to act more like the boyfriend that you had. He probably cleaned up his look, started making some money, and generally acted like more of an asshole than he ever wanted to be.

Fact is, now, he's probably getting laid, and in a way, your ultimate rejection of him is to thank for that. And I'm sorry that it took the complete absence of "nice guys" in your life for you to realize that you missed them and wanted them. Most women will only have a handful of nice guys stumble into their lives, if that.

So, if you're looking for a nice guy, here's what you do:

1.) Build a time machine.

2.) Go back a few years and pull your head out of your ass.

3.) Take a look at what's right in front of you and grab ahold of it.

I suppose the other possibility is that you STILL don't really want a nice guy, but you feel the social pressure to at least appear to have matured beyond your infantile taste in men. In which case, you might be in luck, because the nice guy you claim to want has, in reality, shed his nice guy mantle and is out there looking to unleash his cynicism and resentment onto someone just like you.

If you were five years younger.

So, please: either stop misrepresenting what you want, or own up to the fact that you've fucked yourself over. You're getting older, after all. It's time to excise the bullshit and deal with reality. You didn't want a nice guy then, and he certainly doesn't fucking want you, now.

Sincerely 

Dıtdıtdıtdotdırıtdıttırt dardardararada

This clip reminded me how much I missed star wars... The music at the background brought back so many memories... Awesome commercial...

Cool People from 1921

I have a thing for the old pictures... The people tend to be more natural... I love that photo

Epic WTF

These pictures will shake your alter ego and screw your sub consciousness. You will at least see one of this pictures in your dreams. Money back guarantee

Big dude

Am I a genius???

Many of you might be asking this question to yourselves... Am I an outstandingly clever person???

Sometimes we do things that we do not expect from ourselves. It is quite fulfilling actually... Being smart always feels good.

But let's not get carried away. Most of us are average or slightly above average intelligent individuals.

On the other hand I am curious whether the following people has any doubts about their stupidity

1) Gun loving dude

2) The inventor of rice growing bra (They say it is created for female farmers)

http://www.metro.co.uk/weird/826013-rice-bra-created-for-female-farmers

"Triumph has made other eccentric bras, including one with a sushi set and another that comes with solar panels"



3) The man that marries with his pillow

http://www.metro.co.uk/weird/816601-man-marries-pillow


4) The Ultimate Griller

5) And this individual

What is art?

I do not know the painter's intention but there is something unique about these pictures.

I love it

I love it

I love it

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