Several years ago, Rockwell International decided to get into the heavy duty transmission business. We were getting ready to tape our first introduction video, as a warm up, the professional narrator began what has become a legend within the trucking industry. This man should have won an academy for his stellar performance. Now remember this is strictly off the cuff, nothing is written down, this became the biggest talk in the industry, vs our new product which we were introducing. I think you will enjoy this once in a lifetime performance from this gentleman.
That there’s some awesome word salad, with a creamy low-calorie cryptojargon sauce. The Wikipedia writeup has a reasonable approximation of the transcript.
Update: more fun at turboencabulator.info
One can appreciate a true master of the art when compared with a posseur such as an economist. Benjamin “BS” Bernanke comes to mind with his “quantitative easing.” When the Dow peaked on 14 January 2000 it was worth 11,723/$283.90 = 41.29 oz of gold. 1223 hrs East Coast 03 August 2011 the Dow was worth 11730.08/$1666.80 = 7.04 oz of gold. The Dow has dropped to 17% of its January 2000 value. That is a singular incorruptible metric for inflation and national wealth that Washington cannot counterfeit or hide. We are become a Third World country awaiting the flush.
Spline divergence in planetary gear decoherence can only be escapulated with retrograde dehissance.
Love the turboencabulator.
Uncle Al- I agree about Bernanke’s BS but disagree with your reasoning. The US$ is not on the gold standard, and it could be argued whether that should be the case or not. Many argue that because it is not the currency has a lot more flexibility allowing for a stronger economy overall. Also, it’s dangerous to compare dollars to gold as a standard. One could argue the price of gold is currently overinflated. There’s no reason to track the DOW by any commodity. Gold only has a value because we assign it a value. Certain other materials (like platinum) are actually more rare. Comparing dollars to dollars however, like the DOW to real inflation, the DOW to GDP, the DOW to average wages…these might be more useful.