Featured Posts

What????Change The Name of The Redskins???? Please don't do that.....Listen to me people....Some great Redskin people struck fear into the hearts of many of the white eyes as they progressed across America, taking land that the Natives felt belonged...

Read more

Top Reads...this site Thanks folks for spending some time on the site reading our stories. The reason I say "our" is because I cannot take credit for some of the stories being read. The top stories so far this month are...

Read more

Parkinson's....Boxing Helps...Part 2 Rock Steady Boxing Part II A personal statement on benefits of RSB Authored by Otis Vaughn February 28, 2019 Rock Steady Boxing (RSB) really works and greatly slows the progression of Parkinson’s...

Read more

Apaches, Buffalo Soldiers, That Female Reporter, And... Chapter One       Returning to the Black Range and the land of the Warm Spring Apache Indians, I could not believe what I was seeing. The last time I was here the magical portal...

Read more

Follow the Sun by E. V. Pete Hester Follow the Sun By E. V. Pete Hester Copyright Pending 2015     Foreword Butch Madison told this story to me several years ago and swore that everything he told was true and...

Read more

Derivatives – Big Time Gambling

Posted by Pete | Posted in News | Posted on 17-05-2012


The futures market should be done away with, shouldn’t it?….. I like to gamble once in a while, and I do, and I usually lose. If I do win it is never a big dollar amount…. So, I limit my gambling ’cause if I did not I would lose every thing….both dollars….J P Morgan loses 2 billion on derivatives….gambling…..with other peoples money…Now that is what I would like to do…..so if you guys will send me 15, 20 or even 100 dollars each, I will get into some form of derivatives….I don’t know, maybe how many times I can hit a pay out on a slot machine….or maybe get into a poker game of high stakes….or maybe invest in oil futures or hog bellies (that always amazed me that people would or could invest in hog bellies), orange juice or cotton, or zinc…..Hey, Mr. J. P. Morgan investor, how about a couple of hundred thousand in my web site here, betting on its future…..oh, ok, well yeah, I am kinda old….Well, nevermind…..Pete

Comments (2)

The prevalance of big time gambling in this country in the modern era goes back to the difference between the greatest and the sorriest generation. The Greatest Generation (WWII generation) was extreamely poor, but practically all members of it were willing to work hard for a better life, which they finally achieved and passed it on to the next generation. On the other hand, the sorriest generation, who is currently running the country, was born with the achievement in hand (with a silver spoon in their mouths); consequently the members of the sorriest generation will not work at anything, preferring either handouts from a generous government or easy money at the gambling tables. We might yet have a great country if the country survives the sorriest generation. If it doesn’t survive it, then USSR here we come.

thanks for commenting. good points..

Write a comment