Monday, August 29, 2011

JUDAS DUCK, JUDAS GEESE IN US TODAY, TOO BIG OF A DUCK TO SUCCEED

There are still descendants of the original brood of Judas Geese in a park in North Platte Nebraska, who were luring the wild flocks to their demise on the North Platte River.  They were trained by the market hunters to fly up into a flock of geese and lead the flock down to the gunners to be slaughtered for the restaurant markets.  There are many examples in our society of Judas ducks and Geese.  We are forever and constantly plagued by Judas duck lawyers, financial advisors, real estate agents, Wall Street investment bankers, congressmen, accountants, secretaries of defense, travel agents, and countless other advisors on everything, in the absolute wrong direction, leading us to eventual slaughter.  The charlatans and quackers on Wall Street, led the nation to the precipice of disaster, to the edge of the worst financial meltdown since 1929.  Ben Bernanke said in the movie “Too Big To Fail”, talking to the heads of the largest investment banks in the nation, “If you guys do not take this loan offer from our TARP authority, we could see a worse financial disaster than the Great Depression.  It will take you all down.”  All the Judas Duck heads of the banks knew they had caused the problem with their hubris, greed, and incompetence, yet some of them resisted the loan bailout funds.  They all finally signed the deal, giving the markets on Wall Street a false sense of security, for awhile.  The Category 5 Hurricane in the housing markets is still happening with no bottom in sight.  An extremely competent real estate attorney from Boulder Colorado, Oliver Frascona, said in a real estate class, “Lawyers are right only half the time.”  The other half are taking us into the final duck blind.  Financial advisors before the Big Meltdown, told people by the millions to buy into the stock market, even though real estate was in a ten year bull market.  In the fall of 2008, the stock market collapsed, leaving millions of people stranded in front of the blind with the Judas Ducks quacking away.  In the book “Outrage” Vincent Bugliosi said “There is incompetence from the lowest government official all the way to the top.”  The secretary of defense, Robert McNamara, sent 58,000 young Americans to slaughter in Vietnam, and later admitted it was all a mistake.  He should get the Hall of Fame Award, the Master of the Judas Duck Quacker trophy, and quack away in his grave, like a wounded, crippled duck.  A Judas Duck hang glider once told the Ski Patrol, how great everythinig is at 20,000 feet….maybe so, if you are an eagle or a peregrine falcon.  The Judas Duck financial geniuses sat in Beer Gulch at the Red Onion saloon in Aspen ski town in the early 70′s and urged everyone to never move to Telluride, it would be a giant loser.  Telluride real estate then increased an average of 34% per year for 35 years with one minor correction in 1982, and provided homes, work and a life of outdoor adventure for the smart and lucky who moved there in the early 70′s.  A Beat poet once said, “You may be walking through heaven and not even know it.”  The Judas Duck ski town gurus in Aspen are green with envy and white with fear about how wrong they were.  William Shakespeare had something to say about the Judas Duck phenomenon in Henry VI.  “Ignorance is the curse of God, knowledge the wing wherewith we fly to Heaven.”  But do not fly with the Judas Ducks.

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