March 2008

My Name is Neither Bear Stearns nor JP Morgan...

The Federal reserve just helped JP Morgan take over Bear Stearns, due to the fact that Bear Stearns was set to have a massive default and needed some help, fast, to prevent the banking system of the US from collapsing. It was "too big to let fail", so in spite of the stupidity or criminality of its actions in getting where it is now, it's going to be forgiven and unpunished.

Personally, I am doing everything I can to rack up over $1 billion in personal debt, knowing full well that the US government will bail me out, as I'll be someone "too big to let fail" at that point. The problem is in getting enough credit cards to max out. You'd think with all the junk mail those credit card companies send out, I'd have over $1 billion in my back pocket by now, but I don't. With a credit limit of even $1 million per card, I'd need a thousand of the things to hit my target debt. Most only start with $25,000-$100,000, depending on what fake information I've used to get free subscriptions to magazines that target corporate executives, and that means I'll need about 10,000-40,000 credit cards for my project.

I guess I should just face it. I'm too poor to matter to the Fed. Oh well... a dollar collapse will at least make illegal immigration a moot issue, leave the US unable to pay for its wars overseas, and will give me the opportunity to discover a new career catering to the wants and needs of foreign tourists here in the states... perhaps I could supplement my income as a taxi driver at nights and earn some precious Euros, Pounds, Canadian Dollars, and Pesos in my tips... that would be something!