Loyalty without truth
is a trail to tyranny.
|Thursday, 8 November 2007 at 20h 14m 56s|
The American deficits are financed by China
Here is a translation of some of an article in Le Monde. [Click here]
China's savings finance consumer debt and the deficits of the the United
Have poor countries become the new bankers to the rich nations? The
spectacular growth of the reserves in Asian nations (1,400 million dollars from
China alone at the end of the year 2007 ...), the accumulation of petro-dollars
in the Persian Gulf nations and in Russia, the anticipated re-issuances of the
debts of Argentina or Brazil [translator's note: which have
traditionally been made by American banks] makes one think that developing
nations will henceforth finance industrial nations.
"On the morality of the plan, this situation is rather shocking," judges
Dominique Plihon, economics professor at Paris XIII and the president of the
Scientific Council of Attac. The flight of capital towards the Northern
countries in effect hitches the development of emerging economies who are far
from being able finance their own needs to ameliorate their infrastructures.
This paradox is only partially true. The receipts of direct foreign
investments published by the Conference of Nations United on Commerce and
Development(CNUCED) attests to it: industrial nations received 857 millions of
dollars of captial in 2006, but they also exported even more (1,022 millions).
For developping nations, the situation is reversed: they have received more
(379 millions) than they have exported (174 millions).
"In fact," Boris Cournede surmises (economist in the Political economy and
money division of the Organization of Cooperation and Developing economies
(OCDE), "The deficit with a running balance is an especially American
Phenomenom. IN the United States, the deficiat will attain 842 millions of
dollars this year. The interesting thing is that it is financed by China's
commercial surplus and by oil-rich nations, when in other times, these dis-
equilibriums would exist
between developing countries.
This is confirmed by Patrick Artus, chief economist at Natixis ... "Latin
America and the European Union are in a general equilibrium. The first ran
deficits to finance their development, but the traumatism of the debt crisis
was so hard that Latin American countries prefer no longer to have debts -- at
the risk of slowing down their growth -- rather than revive the strict budgets
and unemployment which result."
"WE have arrived at an astonishing situation" which has been going on for many
years, commented Xavier Musca, a treasury director. Certain emerging
countries, with China at the head, have invested massively in American
Treasuries. China has financed a very large part of the colossal deficit of
the [United States].
Now what this means for us concerns what happens to all those dollars and
treasury bonds in the hands of foreign nations, China in particular. Currently
they are slowly getting sold and the result is a gradual devaluation of the
dollar. This makes the money supply within the United States fragile because
it will be needed to support the value in the foreign markets.
Economists call this a "credit crunch" but all that really means is that cash
reserves are being drawn down in order to pay for goods and bills that are now
more expensive because the value of dollars has depreciated. Businesses with
assets in the millions and having to service debts are having increased
expenses, and thus bank reserves are being drawn down, which makes less
available for banks to extend credit. But banks get the double-whammy, because
when the foreign exchange rates plummet,large businesses or persons with
international portfolios suffer a percentage loss from assets that are valued
I think we're in trouble. The markets have been wobbly all year, and with the
oil prices spiking damn near $100, the costs of everything are going to
accelerate, and this can't help the already bad economic situation.
Hold on to your ass, the real shit is coming.
|Wednesday, 7 November 2007 at 17h 57m 44s|
The French resist
Right now the French are damn near in revolt. Of course you probably don't
know that because the American press is obsessed with stupidity like hormones
sold to Baseball players in 2003 that was not illegal or against baseball rules
at the time.
The train drivers just came off strike. The Fisherman are pissed because the
price of gas is driving them out of business. And the students in 8
universities (and some faculty) are striking because a new law is allowing
private funds to fund the schools.
When our government leaders pass bad laws (the bankruptcy bill, the medicare
destruction bill, et cetera) we Americans passively get pissed, if we even know
what's going on at all. We don't have a heritage of community and labor
organizations like the French. We are organized by the Television.
Think about it. You know it's true.
Anyway, you gotta love the French because they don't just protest, they give
the reasoning behind why they protest. Here's the reason why the French are
protesting the Education privatization bill : (you'll have to trust my French
translation) [from Le Monde]
"If one includes the main budget – which isn't supplemented –, the late
payments to the teacher, researchers, and the other contracts, not much
remains", detailed Bruno Julliard. "Especially for the student groups, the
increased budget don't apply to things that specifically concern the
students : cash, housing aide, and staff recruitment....
Furthermore the law implies that school will have to gain new functions for
which the schools will have to recruit qualified personnel. The 2008 budget
however includes nothing for these needs....
This is what happens when you actually educate all of the citizens rather than
starve the educational system of the nation.
|Tuesday, 6 November 2007 at 20h 9m 16s|
So much for the market solving everything
In his latest article, David Kay Johnson
reports that 2 separate studies showed that "Retail electricity prices have
risen much more in states that adopted competitive pricing than in those that
have retained traditional rates set by the government."
The price spread grew from 1.09 cents per kilowatt-hour to 3.09 cents, her
analysis showed. It also showed that in 2006 alone industrial customers paid
$7.2 billion more for electricity in market states than if they had paid the
average prices in regulated states.
Electric customers are a captive audience. There is no real competition for
the customers, who have to pay the electric bill to the electric company that
provides the electricity. The idea that competition amoung businesses to
provide electricity to the power grid would change this reality was
proposterous from the start. Instead, it is in the interest of all of the
to increase the prices since demand for their electricity product has no other
This is the problem with ultra-market ideologues. They misunderstand the
inherent power-relationships in society. Competition might make a better
product, but it does not solve or even understand social stresses and
situations at all. In fact, as the studies prove over a period of 16 years,
competition can exascerbate social relations and make system integration and
investment difficult because the priorities of profits and portfolios will
overrule the long-term goals of society.
The neigh-sayers and true-believers will talk about gradual improvements or try
to tie the higher prices to the overall energy situation, but again they miss
the point. Energy is such an important commodity, that we shouldn't outsource
energy production and distribution to private for-profit entities whose goals
are to make money and accumulate customers. The funds are funnelled out of the
communities who rely on them for their electricity, and thus don't get re-
invested in the community. The capital-intensive nature of the energy business
makes it a natural monopoly. There is no real competition possible because
there will always be a small number of very large firms who have to collude or
coordinate to avoid ruinous price wars.
The mantra of de-regulation was really just another way to allow other large
corporations to get a piece of the action, and that's why the prices in
deregulated states are 37% more than in the regulated states.
|Monday, 5 November 2007 at 22h 50m 6s|
It all started with Reagan
Gerald Ford in his recent book.
[REAGAN was] a superficial, disengaged, intellectually lazy showman who didn't
do his homework and clung to a naive, unrealistic and essentially dangerous
[Reagan was] "probably the least well-informed on the details of running the
government of any president I knew."
If any fool tells you that Reagan ended the Cold War, tally 1 more point for
stupid idiot. Gorbachev and the people of Eastern Europe ended the Cold War.
All Reagan did was go to a few Summits at the instigation of Gorbachev, and
Gorbachev was able to negotiate despite the ignorance of Reagan and the
bloviating arrogance of the American delegation that came with Reagan.
Reagan allowed appointments up and down the federal bureaucracy who were
incompetant, inferior, and corrupt. Fortunately there were occasional
exceptions, but that was due to George Schultz and Vice President George
Herbert Walker Bush. Reagan read speeches and had no idea what was going on in
his administration. That's why Iran Contra happened.
|Sunday, 4 November 2007 at 22h 32m 15s|
That mean ole Clinton
From the ABC News
Washington Post poll
Percentage of Americans who Prefer a New Direction
Yea, oh that same Clinton was even 66% approval on the eve of impeachment for
having sex with a 21 year-old intern.
- After Bush 75%
- After Reagan 55%
- After Clinton 47%
But they still drag him out like a funky, rotten old teddy bear they've had
since they were 3 years old. Cause they are still 3 years old.
|Sunday, 4 November 2007 at 22h 21m 22s|
My feller citozens ...
|Sunday, 4 November 2007 at 17h 20m 11s|
The jobs are weaker due to statistics
From Floyd Norris at the New York Times.
Over the last 12 months, the government’s current numbers indicate that the
private sector added an average of 115,000 jobs a month. But 80 percent of
those jobs came from the statistical adjustments....
Most of those jobs — 103,000 of them, before seasonal adjustment — were added
by the statisticians, not reported by employers. (It should be noted that,
before seasonal adjustment, there were 201,000 jobs added, so this is just more
Why add jobs? It is an effort to include jobs created by new companies not
surveyed, less an estimate for jobs lost at companies that went out of business
and therefore did not respond to the survey.
It is also worth noting that the govertment’s other survey, of households, has
not found those jobs. Over the last 12 months, it has found about 50,000 new
jobs a month. In October, it found employment declined by 250,000 jobs.
In other words, the jobs numbers are based completely upon how businesses fill
out forms and paperwork. If they don't respond, or if they are less than
accurate, the number of jobs added per month is not actually counted by
government officials. It comes from voluntary questionaires.
What statisticians do is assume the ratio of employees to employees added are
the same, with perhaps some economic sector adjustments. It's a messy
estimate, given that the original data is flawed, but in times of normal
economic activity, a 5% margin of error is possible. When economic conditions
change or when the economy is in transition, the ratios are impossible to
ascertain with certainty.
|Thursday, 1 November 2007 at 22h 42m 14s|
Bush loves Hitler
When Bush says the Congress is wasting their time and talks about the dangers
of Hitler, he should know. His family made their millions funding the rise of
Hitler. They loved Fascism and military dictatorship, and kept up their
business relations into World War Two until in 1943 Prescott Bush got busted
under the Trading with the Enemy Act. Roosevelt made a deal however, and got
Bush to use his contacts to infiltrate spies and obtain information.
These people understand Hitler very well, they created him.
|Wednesday, 31 October 2007 at 17h 11m 14s|
Caught in another lie
But in truth, anything on Fox news is contrived.
From Today's New York Times [
The authorities in Southern California believe they have gotten to the bottom
of one of several arson investigations stemming from last week’s wildfires.
A boy who was interviewed about the Buckweed fire, which burned nearly 60
square miles and destroyed 21 homes in Los Angeles County, “admitted to playing
with matches and accidentally starting the fire,” the county sheriff said in a
Now wildfires don't have to be started by anyone. They occur naturally when
the humidity in the air goes below a certain threshold. California has had
many, many incendiary fire disasters in the last 50 years. They occur in
regular intervals because of the dry, arid climate.
So let's get this straight, A boy "admits to playing with matches" and then
gets sent home. Then later on, the article quotes "The Voice of San Diego" :
Though they work on assumption that there is a non-criminal cause to the fire,
sometimes investigators can’t find any probable cause for a wildfire. That’s
where arson comes in.
If an investigator reaches a conclusion of “negative corpus,” meaning they have
eliminated all other possibilities, they will initiate a criminal investigation
So they interviewed a boy who says he played with matches, and that's all the
proof sufficient to publish a news story. According to the crack reporting
job, "it was not clear" that he would face charges.
Remember when Fox News anchors (I think Neil Cavuto) stated equivocally that Al-
Quaeda set the California fires.
In most businesses, you get fired for violating the public trust and for
purposely spreading rumors and false information.
|Tuesday, 30 October 2007 at 18h 52m 31s|
Nuclear waste and stupidity
Holy shit. Do you realize that the Russians have been negotiating
Iran, the Caspian Sea nations, and China over the various natural gas and oil
deposits all over the region? The entire middle east and world politics have
re-aligned thanks to the despots in the White House. Europe is gradually
pulling away from us. Mexico and Canada are very weary, and starting to assert
their independence quite frequently.
The government has been taken over by brigandeers backed by billionaires, and
these people are crazy. They appoint people in the State Department, the
Justice Department, and the Defense Department who believe the Republic can
only be saved by creating an emperor and a new American Empire. Look up "PNAC"
Russia has a deal with Iran to develop Nuclear Reactors for Energy but they are
afraid to deliver the rods of nuclear fuel pellets because they are afraid the
US will bomb it and release all of that nuclear radiation into the atmosphere.
The cover story in the newspapers is about financial arrangements, but that's
not the real reason. [ SOURCE:I heard this from cynk Ueger on the Young Turks
Tuesday, 30 October 2007 -- who has contact with Turkish and Russian natives
and also various US military professionals.]
Depleted Uranium (abbreviated as DU) is radioactive. The "Depleted" does not
mean the radiation has been removed. The "Depleted" just means that one of the
isotopes of Uranium has been removed. What's left is still radioactive. "DU"
is used to harded the head of bombs to give them extra-penetration. Millions
and millions of grains of dust is created from each shell (Avogadro's number =
6.02 times 10 to the 23 power is greater than a billion by the way.) The dust
gets blown for miles and miles around. Plus, because it's radiation, you only
need to ingest about 100 grains to get radiation sickness. YOu know what Gulf-
War syndrome is. YOu know why the numbers of birth defects in Iraq began to
appear after the first Gulf War. A lot of pretentious propagandistas have been
allowed to publish otherwise, but let's get real. It makes me sick to hear the
apologist deniers attempt to exculpate themselves from complicity in the
radioactive toxification of the entire region.
Don't believe me. Consult the World Health Organization on Depleted Uranium.
God damn most Americans are so ignorant of what our corrupt government has
become, especially the rabid blind red meat eaters; but really the Television
dumbs everything down into over-simplication and nonsense. Not everyone gets a
good history teacher either.
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