frankilin roosevelt

It's not about being liberal or conservative anymore y'all. That is a hype offered by the fascist whores who want to confuse the people with lies while they turn this country into an aristocratic police state. Some people will say anything to attain power and money. There is no such thing as the Liberal Media, but the Corporate media is very real.

Check out my old  Voice of the People page.

Gino Napoli
San Francisco, California
High School Math Teacher

Loyalty without truth
is a trail to tyranny.

a middle-aged
George Washington

1655 POSTS

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Saturday, 19 November 2011 at 22h 31m 2s

Occupy Nation

19 attempts to evict versus 200 occupations.

We report you decide.

~ ~ ~ ~ ~ UPDATE ~ ~ ~ ~ ~

Click here for the source of the map provided by Daily Kos. The 200 events stem from the 4th of October when the Kos post occurred.

Saturday, 19 November 2011 at 4h 39m 13s

Idiots and history

These guys who shoot these guns at public officials , going back to Ronald Reagan, are all nut bags. Using violence against authority is counter-productive because it always produces a different series of events other than anticipated, and once the desecration occurs the shame will be inescapable. Adherents to the cause diminish. Violence is a tool for utterly impoverished civilizations suffering underneath massive dictatorial regimes; but it is nevertheless is poor choice. Martin Luther King and Mahatma Ghandi must be the way forward if any meaningful change is to evolve. Minds do not change when sensibilities of the national institutions are desecrated.

But the fact still remains, crazy violence against public officials has been a fact in American History going back to 1881 when James Garfield was shot outside a train station by a nut bag supposedly upset because he thought he should be appointed consul to Paris despite lacking any qualifications for the role.

Theodore Roosevelt became President when McKinley got it from another crazed moron. The contemporary newspapers carried a speculation that the nut bag was angry about the Phillipines occupation, but it is hard to know for sure. Myths do however at least say something about how a sizable minority saw the event.

The duel between Alexander Hamilton and a sitting Vice President Aaron Burr involved a dispute stemming from the 1800 election when Burr and Jefferson tied and the election got thrown to the House for the deciding vote, controlled by Hamilton's Federalists. Jefferson became President.

Burr was a very aggressively egoistic fellow who rubbed Hamilton the wrong way and Burr saw Hamilton in particular as a foe and adversary. Jefferson was going to drop Burr as Vice President in the 1804 election, and Burr became sore after Burr failed in his bid for Governor because of what he felt was a smear campaign organized by Hamilton. On July 11, 1804 the two met on a duel and Hamilton was fatally wounded. A sitting Vice President had just shot and killed not only a civilian, but also a very well regarded American and historically important figure in the creation of the Republic, as well as political competitor.

This reminds me of when Dick Cheney once shot at de-winged pheasants in rural Texas and accidentally wounded a friend of his who joined him. Cheney waited until the next day to break the news to the press. Rumor was that Cheney was drunk.

But what happened in July of 1804:

Burr immediately fled to South Carolina, "where his daughter lived with her family, but soon returned to Philadelphia and then on to Washington to complete his term as Vice President. He avoided New York and New Jersey for a time, but all the charges against him were eventually dropped."

Can you imagine that?

Friday, 11 November 2011 at 17h 42m 48s

The Robots are Coming

Thursday, 10 November 2011 at 3h 25m 38s

It is so sad


Watch as Herman Cain earns the pay he gets for pretending to run for President. He looks so pathetic being the hired Uncle Tom to make the Republicans look non-racist. He will probably net more than 10 million for his efforts, and now that the secrets of this man's dysfunctional predation rise to the surface, we begin to learn of how this man was blackmailed and used to serve the purposes of his benefactors.

The top 0.5% are not all of the same mindset. Some are enlightened and willing to spend time trying to understand other people and the best interconnected system between people. Others have seriously deranged personality issues and detachment disorders, and prefer to spend significant sums of money trying to take over the media, spread propaganda, and corrupt all democratic institutions. Some are also oblivious.

The system runs because the power struggle evolves and goes to the default position absent any active resistence. It does not take a lot of persons with billions of dollars to influence society and the political culture. If there is nothing standing in the way, those who try to influence the movement to aristocracy will succeed.

Tuesday, 8 November 2011 at 3h 21m 25s

That was Then

This ad was before they over-leveraged their capital assets and took bad bets on sovereign debts.

If you put a down payment of 10% on a loan, you can essentially get 9 times more money instantly. Use this money to purchase some security or something marketable, make some money, keep the down payment, and pay off the loan with whats left plus interest.

For example: with a $10 down payment you get $90 more dollars for $100 total, and must pay 0.25% weekly interest rate on the $90 at the end of the week. Buy a series of stocks with the $100 that result in a net gain of 2% and you have $102. Subtract the $90 loan and the 0.25% of $90 (0.225). You made $11.775 that week on $100. Now in the real world, you actually had $10 million, which is 100,000 more, and you made $1,177,500. A whooping 11.7% gain in funds.

And this is a low-end. Quite often money managers can get more than 2% gain if they are knowledgeable, have a large supply of funds and ample time, and also lucky. Of course, they lose two or more percent as well. But losing $1,177,500 for 20 weeks and making $1,177,500 or more the other 32 weeks is still a minimum of $14,130,000 a year for flipping assets worth $10 million. That's a 41% increase for the year. The banks will roll-over the loans, no problem, if they are confident of a 41% yearly gain..

Now consider that the FED begin to limit downpayment requirements to 2% or less. Thus enabling this skimming of froth to remain profitable longer. The banks and large asset funds like MF Global had their geniuses flipping assets and marketable paper with hordes of cash reserves chasing these profits. And the the Price got so far above the actual profitable value of the asset, or the dividends per share.

Would you want an asset that paid you $1 every 3 months, if the asset was $150? At $4 a year, you are getting less than 3% a year. Or would you want an asset that had no dividends? What if the stock tanks or the business goes bankrupt? You might as well buy bonds, which are loans made by governments and various large businesses. Bonds are safer because governments and large businesses defaulting on their loans occurs much less often than the general population of various businesses that sell stock on the various stock exchanges.

Instead of insisting on the down payment regulations, however, they lowered them, because all the big boys were loving the game, and started to justify their foolish speculative mania, and thereby threw kerosine on the fire.

A bond is a loan that is sold to various investors who trust that institution receiving the loan will pay off the debt. Say you need $100 and are willing to pay $5 for the use of the $100 at the end of the week. This is 5%. So you divide the $100 into 20 bonds at $5 a piece, with a promise that you will pay a extra quarter at the end of the week, or 5.25. In the real world this is actually relected against the initial value. Hence a $5 bond is worth $5 when redeemable after a week, but you only pay $4.75.

A stock is a business's initial method of raising funds to pursue a certain business operation. Once the business is in operation, the business can obtain loans against capital or against revenue streams. The business might also sell commercial bonds, rather than getting funding from a bank, because they might get a favorable interest rate. After the initial offering, the value of a stock is that it allows you an income stream based upon dividends. Stocks that don't yield dividends are only valuable if the stock goes up in value over time. In these cases, there might be valid reasons to believe a stock is solid because the company is solid; but still without dividends, the only point of owning a stock can be that you expect it will gain in value over time.

Now what if it becomes overly difficult for all of these brokers at computers to generate 1% gains and more often to get 3% loses. Then it becomes difficult for banks to roll-over loans, because everyone is doing it. And then all of the inflated assets begin to slide. The whole house of puffed up assets begins to fall, exacerbated by the vast 35 to 1 loan to asset ratios coexisting with decreasing asset prices.

Now why did the tax payers bail-out these morons? So they could do it again? Have we learned a lesson at all?

The lesson : you can only skim the froth from the investment dollars of the nation and misallocate investment for so long before the system crashes. When the various markets of asset classes and marketable paper become valued for the price more than their profitability, the market becomes a time bomb that will burst beyond the containable bounds of man's making.

Sunday, 6 November 2011 at 1h 32m 37s

Government did not cause the Mortgage crisis ...



Mayor Bloomberg: “It was not the banks that created the mortgage crisis. It was, plain and simple, Congress, who forced everybody to go and give mortgages to people who were on the cusp… But they were the ones who pushed Fannie and Freddie to make a bunch of loans that were imprudent, if you will. They were the ones that pushed the banks to loan to everybody.”

It seems there are people who can’t accept that some markets, particularly financial ones, are disastrous when completely unregulated — and thus find any far-fetched excuse to blame the government instead. Since this line of argument continues to pop up, how should one respond to the idea that Congress and Fannie Mae/Freddie Mac caused the housing crisis? Here are six facts to back you up:

[SOURCE: Mike Konczal | BigPicture blog | 5 November 2011]

The rest of the story is awesome. Click here for the exemplary and irrefutable analysis. (If you go to the link, make sure you also read the comments. Even the idiots and propagandista of the commentariat are amusing, and well worth the poignant awesome points made by various other responses.)

The author, Mike Konczal, is a fellow at the Roosevelt Institute.

In the comments, Barry Ritholtz, proprietor of the Big Picture blog, himself weighs in on the matter:

Some pesky details worth considering:

-The origination of subprime loans came primarily from non bank lenders not covered by the CRA;

-The majority of the underwriting, at least for the first few years of the boom (2001-05), were by these same non-bank lenders

-When the big banks began chasing subprime, it was due to the profit motive, not any mandate from the President (a Republican) or the the Congress (Republican controlled) or the GSEs they oversaw.

-Prior to late 2005, nearly all of these sub-prime loans were bought by Wall Street — NOT Fannie & Freddie. Why? Because prior to 2005, the GSEs were not permitted to purchase non-conforming mortgages.

-After 2005, Fannie & Freddie changed their own rules to start buying these non-conforming mortgages — in order to maintain market share and compete with Wall Street for profits.

-The change in FNM/FRE conforming mortgage purchases in 2005 was not due to any legislation or marching orders from the President (a Republican) or the the Congress (Republican controlled). It was the profit motive that led them to this action.

Saturday, 29 October 2011 at 23h 20m 35s

The Human Assumption about Systems

“The human being, striving for rationality and restricted within the limits of his knowledge, has developed some working procedures that partially overcome these difficulties. These procedures consist in assuming that he can isolate from the rest of the world a closed system containing a limited number of variables and a limited range of consequences.”

[SOURCE: Herbert Simon | 1976 ]

Saturday, 29 October 2011 at 13h 5m 39s

The Corporate Tithing begins

[SOURCE: David Cay Johnston | reuters |28 October 2011 ]

In Illinois, many big corporations (Motorola, Chrysler, etc.) are being allowed to keep the state taxes their workers pay, rather than transmit those taxes to the state government. The idea is to incentivize the companies to stay in Illinois.

This will probably spread like wildfire across the United States. Workers are going to be taxed by the companies they work for, no different then the Roman Catholic church used to tax all citizens in the parishes before the French Revolution.

Saturday, 29 October 2011 at 4h 3m 4s

The apostasy of hope

The more I bother to witness this Republican progression towards the official nomination ... the more I think that it is all just stage show for what has already been determined. No different than the Democratic party, to be quite honest. That is very sad for me to say, but the establishment has taken over both parties.

Romney, the corporate patsy and ex-corporate merger/bond salesman, appears to be the set up for the Rethuglican nomination. Versus Obama the water carrier.

Can I say how excited I am about the coming election? That's a rhetorical question.

Saturday, 29 October 2011 at 0h 40m 58s

Occupy DC