Loyalty without truth
is a trail to tyranny.
|Wednesday, 12 December 2007 at 6h 52m 48s|
Soft, or hard
No I'm not talking about sexual apparati. I'm talking about
recession. Will it be a "soft" or a "hard" landing?
In other words, how many people will get wiped out, and how many sectors of the
economy will suffer price declines and bankruptcy. Already, COMPUSA will be
going out of business after the first of the year. Washington Mutual is under
tremendous pressure because of the Housing implosion. The fall of the dollar
is causing adjustments all across the economy as various businesses have
increased costs because the value of their assets are now worth less.
For instance: if you invested $1,000,000 in dollar-denominated assets, this
asset lost 30% over the last year, and is now worth the equivalent $700,000 in
the world markets. Thus the need for cash balances has soaked up the available
credit and has halted spendingas businesses look to cover this paper loss on
their balance sheets.
here and read the first 12 comments to the article as well. Here is a
great summary of the current economic events by someone who goes by the moniker
A U.S. Credit Bubble of fictitious capital has been circulated through the
international system. Fictitious capital is the gap between price and value.
U.S. Dollar imperialism may be coming to an end soon.
The central banks of Asia are stuck with trillions of Green inflating
The pyramid of credit has been inflating for years.
The Fed is now trying to reflate the U.S. credit system to prevent a
The fictitious Capital of finance securitization 'investnments' may be $100
trillion(?) globally. These paper claims or liens of wealth have fictitious
values and will be liquidated for their 'market' prices or a sell-off crisis.
Deregulation and non-regulation of debt securitization has allowed for a
looting of holders of U.S. debt. This with the declining value of dollars held
will be a huge loss for foreign holders.
Owners of securitized investments will meet government intervention with a
flood of lawsuits.
Asian nations are stuck and will go down as the dollar and the fictitious
Capital goes down.
Will there be a shift to the Asian nations as the center of the capitalist
system after this deflation plays out? There is an unraveling of the
international credit system. Is the U.S. plan to manage the empire through
bankruptcy going to work?
The bailouts won't work because this bubble has to burst as all bubbles
burst and reinflation just buys time. Credit right now to insolvent businesses
and consumers is political damage control.
With the size of the finance bubble to blow up, this has to go
Also the amount of lawsuits coming against the government and investment
will be staggering.
Any attorneys here with input. The ads for 'investment loss' lawsuits are
beginning to surface.
Considering the securitization investments are bad deals, will litigation
concerning losses be successful and what will that do for the markets and the
|Sunday, 9 December 2007 at 1h 49m 3s|
|Friday, 7 December 2007 at 1h 56m 17s|
The boondoogle continues
Click here for this CBS News story (and accompanying PDF
document) about the inspector generals report on $1 billion dollars of missing
military equipement in Iraq.
One. Billion. Dollars. Lost. Gone. Bye bye.
And that's in addition to the current running total, that was recently assessed
by Nobel Prize winning Joseph Stiglitz as topping $2 trillion, closing in on $3
We could have treated the "terrorism" issue by uniting the world and using
cooperative action from multiple police agencies, after the Afghanistan
operation. But no, the cabal of narcissists had to link this to their dreams
of invading Iraq and Iran, and in the process completely bungled the entire
operation, while allowing massive fraud and corrupt practices in the
procurement and privatization process. Private contractors were used to
perform the torture routines, because US military are trained that it is their
duty to apprehend and stop any abuse of prisoners of war , as is required by
the Geneva Conventions. The Bush administration has tried to avoid the "Geneva
issue" (as ex-Attorney General Gonzalez said) by creating a legal term
called "enemy combattants" which enabled US military to hold people in offshore
prison camps indefinately without rights of habeus corpus.
Here is video and transcript of attorney general gonzalez
explaining to Republican Arlen Specter of Pennsylvania that there is no right
of habeus corpus in the constitution.
Oh really. Ladies and Gentle, here is your constitution. Scroll all the way down to
Section 9 (note Cornell Law will ask for a donation, click "No Thanks" and the
constitution page will appear).
The privilege of the writ of habeas corpus shall not be suspended, unless when
in cases of rebellion or invasion the public safety may require it.
Most of those held at Guantanamo for 3,4,5,and 6 years have no evidence against
them. Some were sold and turned over by various tribal clans or groups. Some
were in the wrong place at the wrong time. Some were accidentally picked up in
place of someone else. More than 200 were forced to be released by Britain 2
years ago, because they were British citizens, and the British government would
have none of this nonsense. It was the British lords who first brought to life
the right of habeus corpus, which occurred when a group of them banned together
and surrounded the King in the 1200's and forced him to sign the Magna Charta
which listed various rights of the Lords in relationship with the King. One of
these was the right to not be thrown in jail without public notification and
without a trial where you can defend yourself and have the government explain
why you are going to jail.
Go ahead. Watch some more Television. Meanwhile, the history of events passes
you by like a whispering hurricane, and your brain becomes a receptacle for
advertizing and psychic manipulation.
|Friday, 7 December 2007 at 4h 16m 51s|
Interesting quote from Adam Smith
"The wealth of an individual naturally
command the work of other persons, but the organization(s) of wealth, where
there is a division of labor, is motivated by the desire to save ourselves from
disagreeable work and impose it upon others. In this way a man increases his
wealth or the goods that he possesses by increasing the quantity of work done
Adam Smith, The Wealth of Nations (1776) , Chapter 5.
|Wednesday, 5 December 2007 at 2h 11m 56s|
Honest Intel on Iran Nukes
Click here to read Ray McGovern's commentary on the NIE
report which judged "with high confidence" that Iran stopped it's nuclear
program in 2003. Yes, because of pressure from Russia and China, which don't
really want the crazy man in the White House to go through with the next step
in the PNAC doctrine, written in 1997.
During his 27-year career as a CIA analyst, Ray McGovern chaired National
Intelligence Estimates and produced/briefed the President’s Daily Brief. He is
now on the Steering Group of Veteran Intelligence Professionals for Sanity
Iran is not a threat. Nuclear terrorism is a very real threat, but invading
and bombing a nation is not the way to deal with that very real threat. It is
a waste of lives, a waste of money, and will only worsen the situation by
further destabilizing the region. If the Bush administration were truly
concerned about terrorism they would not be completely defunding bolstering
security at vulnerable sites in the USA, or slashing the budgets of first
responders so they can siphon more money into the hands of private contractors
who skim their percentage while they provide less than adequate services and
create public relations fiasco's. Halliburton and Blackwater should both be
dismantled as shameful institutions, and their CEO's should be imprisoned for
their treachery and treasonous behavior. Young people and innocent civilians
are dying and whole societies are being devastated and polluted by this
horrific bad idea.
Americans might be stupid, but the world is not. We Americans are so used to
corporate media's stranglehold that we have no clue about international news.
When is the last time you heard about Africa, Columbia, or France's current
upheavel against newly elected President Sarkozy -- who is by the way calling
out the police to quell the riots. Pakistan seems to have disappeared off the
news. And when is the last time you heard about Howard Dean, who had the gall
to say the media giants are monopolies in need of being dismantled under the
Sherman Anti-Trust Law of 1890 (there is also The
Clayton AntiTrust Act of 1914 - part of the brief Progressive spate of
legislation that occurred from 1912 to 1915) you know so much, eh? Watch some
more TV, and get more stupider (sic).
Russia has a dominion that stretches from Poland to the Caspian Sea and to the
Pacific North of China. India and China combined have 10 times the population
of the United States. Brazil has become virtual independent of the world
financial banking syndicate. The days of New York Banking hegemony in the
world are over. And now, thanks to Bush's incompetence and wasted surplus,
America is on the verge of an incredible Financial precipace. The stress on
the financial system is enormous right now, and the government is completely
|Wednesday, 5 December 2007 at 2h 31m 53s|
Hail to the thief
They say a picture is worth a thousand words.
* * *
Oh by the way, according to the America people,
“Fifty-two percent of Americans say the economy and health care are most
important to them in choosing a president, compared with 34% who cite terrorism
and social and moral issues, according to the latest Wall Street Journal/NBC
|Tuesday, 4 December 2007 at 6h 59m 45s|
Read this right now
Clear here for an analysis of the derivatives and corporate
credit financial markets, which the author is describing as something that
will "dwarf" the sub-prime loan crash.
I'm reading it right now myself.
Here is another article on the plight of the Interest rates: keep the rates low
to soften the blow on over-extended borrowers, or jack the interest rates up so
that bonds and treasuries are saleable to the foreigners who are losing their
shirts when the dollar's value falls on the international markets.
Click here. It's a lot easier to read than the first
article, which is very technical and abstruse.
Here's the money quote
Superpower America is a ship of fools in denial of their plight. While
offshoring kills American economic prospects, “free market economists” sing its
praises. While war imposes enormous costs on a bankrupt country,
neoconservatives call for more war, and Republicans and Democrats appropriate
war funds which can only be obtained by borrowing abroad.
By focusing America on war in the Middle East, the purpose of which is to
guarantee Israel’s territorial expansion, the executive and legislative
branches, along with the media, have let slip the last opportunities the US had
to put its financial house in order. We have arrived at the point where it is
no longer bold to say that nothing now can be done. Unless the rest of the
world decides to underwrite our economic rescue, the chips will fall where they
Now, in case you ask, who is this guy, and assume he must be some left-wing
cynical heretic ...
Dr. Paul John Roberts was Assistant Secretary of the US Treasury for
Economic Policy in the Reagan administration. He is credited with curing
stagflation and eliminating “Phillips curve” trade-offs between employment and
inflation, an achievement now on the verge of being lost by the worst economic
mismanagement in US history.
Honesty and integrity stand far above any loyalty to a political party.
|Monday, 3 December 2007 at 1h 23m 26s|
This is damn hilarious
Thank you bartcop
|Sunday, 2 December 2007 at 1h 24m 46s|
The plight of the real Republicans
From today's Cal
Majority by Sean Barry.
"What should the Republicans do if they want to keep the White House in '08?
Grit their teeth, swallow their pride and nominate John McCain, and have him
pick Mike Huckabee as his running mate, writes David Broder. McCain-Huckabee
may not win California, but the least you can say about these two is that they
have integrity, and a sense of humanity. Aint going to happen though."
And this is from the "dean" of Washington DC conventional thinking, David
Broder. Broder is an ancient columnist opinion writer for the Washington Post
that gets syndicated throughout the circuit of national newspapers as
the "common wisdom" (the Sacramenton Bee is one of these.)
Here's how Broder
begins his piece:
If the Republican Party really wanted to hold on to the White House in 2009,
it's pretty clear what it would do. It would grit its teeth, swallow its doubts
and nominate a ticket of John McCain for president and Mike Huckabee for vice
president – and president-in-waiting.
Those two are far from front-runners. They trail Mitt Romney in Iowa and New
Hampshire and lag behind Rudy Giuliani in national surveys of Republican
voters. But, in a series of debates, including last week's CNN/YouTube
extravaganza. McCain and Huckabee have been notable for their clarity,
character and, yes, simple humanity.
From everything I have heard on the campaign trail, it's obvious that they are
the pair who have earned the widest respect among the eight Republican
Now I am not a fan of Broder. Frankly I often think of him as the "bought"
safety opinion for the upper class corporatists that are comforted by a
perception of his "conventional" wisdom. But to be fair, Broder is a saavy man
and can be perceptive when he is not framing something on behalf of the
elitists that craft Washington DC mainstream thinking. The fact that Broder is
speaking the truth actually accentuates the fact of the absolute depravity of
the modern Republican party.
Whoa, Debra Saunders agrees with Broder. This means that the push is on from
the minions attached to the fax machine -- so it can't be traced, email is more
vulnerable because it resides in the memory of the receivers machine. The
wicked lying witch of The San Francisco Chronicle is trying to salvage her own
reputation after being a cheerleader for bad ideas and palpitating over the
corrupt morons in her party for too long. Will some real conservative please
stand up? This woman is bankrupt. Nothing she says or has said is worthwhile.
|Saturday, 1 December 2007 at 15h 8m 57s|
It's coming sooner than you think
to read a
conservative Libertarian discuss the Homegrown Terrorist Prevention Act. This
act will prevent nothing, as the above article explains but what it does is
very scary. Notice how the national media has said nothing about this, not a
peep, which is even more scary.
The Act was signed 400-6 by weak-kneed Legislators who don't read the bills
they sign. Democratic apologist Jane Harman sponsored the bill.
(NEWSFLASH to anyone reading -- I am not a Democrat. I am not a liberal or a
socialist either. I fervently believe in a free market and democratic society.
I am an American steeped in the tradition of Thomas
Jefferson, George Washington, and James Madison. Ya dig.)
The Act creates a roving commission of 10 commissioners selected by Congress
who will hold hearings
all across the country. People will be summoned to testify and prove they
are "real" Americans. Assets can be frozen and anyone who helps the defendent
can also have their assets frozen. Worse, after 18 months, these commissions
will become privatized and private corporations will be performing these
This happened during French Revolution when Robespierre and the Radical
Jacobins set up the Committee of Public Safety to purge the non-patriots from
the French streets. After 2 years and tens of thousands of guillotined
citizens the "Reign of Terror" ended.
In our country, the HUAAC (House Un-american Activities Committee) was set up
in the 1930's by a Russian spy and a Southern racist (its true, look it up) to
investigate communism in America. In the 1950's when the alcoholic Senator Joe
McCarthy terrorized innocent victims in the State department, whole
groups of people were called up. Many people were blacklisted and lost their
jobs because of the hysteria -- Lucille Ball was one, J. Robert Oppenheimer
another -- for no substantive reason.
This Act will NOT prevent nuts and crazy people from doing anything. But what
it do? Read the conservative libertarian position from the link above to find
out. Here is a brief snippet:
As should be clear from the vagueness of the definitions, the Violent
Radicalization and Homegrown Terrorism Prevention Act could easily be abused to
define any group that is pressuring the political system as "terrorist,"
ranging from polygamists, to second amendment rights supporters, anti-abortion
protesters, anti-tax agitators, immigration activists, and peace demonstrators.
In reality, of course, it will be primarily directed against Muslims and Muslim
organizations. Given that, there is the question of who will select which
groups will be investigated by the roving commissions. There is no evidence to
suggest that there will be any transparent or objective screening process.
Through their proven access both to the media and to Congress, the agenda will
undoubtedly be shaped by the usual players including David Horowitz, Daniel
Pipes, Steve Emerson, and Frank Gaffney who see a terrorist hiding under every
rock, particularly if the rock is concealing a Muslim. They and their
associates will undoubtedly find plenty of terrorists and radical groups to
investigate. Many of the suspects will inevitably be "anti-American" professors
at various universities and also groups of Palestinians organized against the
Israeli occupation, but it will be easy to use the commission formula to sweep
them all in for examination.
The view that 9/11 has "changed everything" is unfortunately all too true. It
has unleashed American paranoia, institutionalized mistrust of foreigners, and
created a fantasy universe in which a US beset by enemies must do anything and
everything to counter the alien threat.
Yes, it can happen here people. It is already happening here. Get your head
out of your (ass) television and wake up.
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