Bigfoot at the RV resort in Bakersfield, CA. Behind the RV is now a dry river, about 100 yards wide, I walk the recumbent across this sandy dry river to the bike path on the other side. It is a Great bike path. Tomorrow, Saturday, I will bike the entire path, that should give me 60 miles.

Some info about the USA, E Pluribus Unum, Wikipedia has some great stuff about our USA, Click Here, if you want to know more. Teachers and students can get excellent basic material for education at Wikipedia.

Last night, our president, Obama, was on The Tonight show with Jay Leno. If you missed it, and want to see it Click Here. It is about 25 minutes.

Want to know what is this “Credit Default Swaps” (CDS) stuff that financial institutions have engaged and partly caused the economic crisis, Click Here. It is really crazy. It is like, you have debt, then you buy a CDS on the debt that says you are not going to default on that debt. You make monthly premiums to the seller of the CDS for the duration of the contract. So the seller is making money. If you then for what ever reason default on your debt before the end of the contract, the seller then must pay you back a huge amount of money, maybe 10 times what you would have paid in premiums during the contract life time. Of course that assumes that the seller has the money for the pay back. Of course the seller of the CDS can sell your CDS contract to another institution, and so on. AIG got caught holding the bag, they sold lots of CDS, it made money from the premiums, but did not have the money for the pay backs. And the buyer of the CDS was not “you”, it was who ever you owe the debt, banks. And the banks and you signed a contract for the asset of your debt, in such a way that if you kept the debt long enough, you will default, because the premiums on your debt would go up till you could not make the payments. Banks had an incentive to get you into debt and default. And that is that.