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

1565 POSTS

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Friday, 26 December 2008 at 17h 48m 40s

A pertinent anecdote

I didn't come up with this analogy, but the story is a relevant parallel to the economic situation between the United States and the Asian exporters that manufacture more than 95% of everything Americans buy.

7 people crash on a desert island, 6 Asians and one American. The 6 Asians are assigned jobs, one fishes, one hunts food, one collects firewood, one grows vegetables, one makes clothes and another builders shelter. The American’s job is to live in the shelter and consume the food and clothes. He feels good about himself - after all, the 6 Asians only have jobs because of him, he gives their day some purpose.

How long before the 6 realize they are better off kicking him off the island?

Sunday, 14 December 2008 at 16h 0m 40s

Math at work

Proof once again that math is an architecture built upon assumptions. If the assumptions are wrong, so is the math.

For instance, 2+2 = 4 and 2 * 2 = 4 are both equal to 4. But that is because multiplying by 2 means adding the same number twice. If however we built an entire theory upon this happy coincidence we might start thinking 10 + 10 = 10 * 10 , and be wrong by 80 digits.

Wednesday, 26 November 2008 at 1h 17m 53s

Financial crisis made easy

Click here for the webpage.


picture courtesy of Barry Ritholz at

Saturday, 22 November 2008 at 17h 48m 40s

GM corn related to Infertility

Dr. Jurgen Zentek, a professor at the University of Veterinary Medicine Vienna, reported that he fed one group of laboratory mice traditional corn and another group GE corn made by the Monsanto Company. The GE crop is bred to survive being sprayed by herbicide and to produce its own insecticide. The mice maintained their diets for 20 weeks, long enough to produce four litters of offspring.

Zentek found that the mice who dined on modified corn had fewer litters, fewer offspring, and more instances of complete infertility than those receiving a conventional diet. Not only that, but the infertility of the GM-corn-fed rodents became more pronounced with each passing litter.

I'll source it later.

Anything that uses a GM corn product, or a derivative of corn, is tainted. This includes the infamous High Fructose Corn Syrup. Quite possibly the modified proteins that the DNA produce to credit its own insecticide is having a negative effect on the hormonal systems of the mice. Now ask yourself, what are the long term implications upon the human hormonal systems from something humans ingest every single day for 40 years?

This could easily be determined with more research and study. I wonder how much of the "Breast Cancer" and "Prostate Cancer" research is doing here. Or is that well-advertised fund merely creating drugs for the drug companies to sell?

It is my belief that the rise in cancer rates due to hormonal dysfunctions is related to diet : eating quantities of processed food, of which for most processed foods (soda included) is nearly 90% composed of GM corn or GM corn derived products.

Thursday, 20 November 2008 at 2h 42m 3s

Comments from Stock traders

These are a series of quotes from the blog of Barry Ritholtz.

Thank you Barry.

No one can argue that the trend has been down. Volatility often signals a trend change. For how long, i don’t know.

~ ~ ~ ~ ~

It means that I can’t hold on to a position for a decent gain, and it means I get to practice trading through drawdowns. I hope this choppy period is over soon, but I’ll keep taking my setups as they come no matter what. All I know is that streaks happen, they’re unpredictable, and I sure like them better when they’re the winning kind!

~ ~ ~ ~ ~

I think nasty choppy trade like this indicates lighter volumes and itchy trigger fingers. There isn’t much conviction out there in terms of market direction. We are clearly waiting for some significant macroeconomic event to drive the market in one direction or the other. Of course I think that this will be some kind of reflationary event.

It’s hard to know what might be the trigger but it is clear that the $ will not go to the sky, and treasury yields will not go to zero. I have been seeing quite a lot of volatility in the long bonds, and that often presages a fall in price, whatever the instrument.

~ ~ ~ ~ ~

This is, in my experience, typical as markets progress toward capitulation. The tempo increases, as do the violence of the oscillations, until even the most dedicated traders are “thrown” from the horse or wisely decide to step back to the sidelines and let others’ blood be shed instead of their own.

Kinda like playing Space Invaders, or musical chairs.

We’re some time away from the end of this game, IMHO. We’re not seeing swings increasing in size … yet.

~ ~ ~ ~ ~

today the Dow was up 150, but the Nasdaq was flat, the Philly semiconductor index was down 2%, and the XLF was down nearly 1.5%. This baby’s going lower; however, I’d rather not initiate a new short position unless we get a significant rally (at least 8%).

~ ~ ~ ~ ~

The short interest data I have looked at recently tells me that hedge funds are not providing the liquidity they have in the past by shorting stocks. They are deleveraging and are basically hamstrung. They will get creamed with redemptions, as who will pay 2 and 20 for mutual fund type returns? The result is a market that has lower than capitulation volume with choppy trading. Also a market where no short squeezing can take place on a macro basis.

~ ~ ~ ~ ~

As leverage leaves, paper stays, creating relatively light volume. Programs are moving levels quickly, as correlation rises. Arbs can’t hold positions.

~ ~ ~ ~ ~

It’s bigger trouble than that because as equities continue to fall banks have less to loan. Why banks are all invested in each other I have no idea but it’s going to be part of what will cause the total collapse. The Asian banks are now taking it from falling housing. Each bank will take out the next. Who’s the next Lehman I have no idea. Puts are too expensive on banks.

~ ~ ~ ~ ~

Well, the market will go lower. It is simple. “Leverage” is another word for “Margin Financing”. When the “outsourcing” of computer risk modeling is allowed…. the end result is extreme leverage on the non-fundamentally sound derivative CD “Swaps” or “Insurance” if you prefer. You have to admit a great “Marketing” job was done all-around. Question(Thinking)…. If there were less people around (Population) when the Great Depression occured (Industrial Economy, People with the means/mindset to survive)……. Since there are alot more people now (Financial Economy) would it stand to reason that with a low unemployment level say @10 to 15% and our special American social system (Unemployment Benefits and the like) in place could this lower rate now be just as financially devestating as the Great Depression rate of @25%?? I think it might be. I think an economic belief is dying. Monatary policy has its uses, but, when the pendulum swings further in one direction(Forced by a belief) it will swing back harder in the other. (Chicago School). Heterodox is the only way to go. Understand the systems as if it were a living, breathing entity.

~ ~ ~ ~ ~

What I see in this is analogous to the screech when a mike gets too close to the speaker. Sometimes it is just unpleasant but it is sometimes destructive of the speaker cone or amplifier components if it is allowed to grow too loud or go on unchecked for too long. Even if not destructive, it is usually beneficial to stop the ringing so that the sound system can return to “normal” function (even thought the ringing is also a normal characteristic of such systems).

To correct the deafening screech, one must either move the mike away from the speaker (reduce the feedback coupling) or turn down the amplifier (increase the loss in the feedback loop) or change the time response (add delay) in the system.

If the analogy of amplifier feedback system analysis holds, in the economic feedback system of the stock market, to correct this ringing (price volatility), the system must have a loss and or delay introduced to prevent excessive instability. This solution is simple in concept but it is very difficult in the complexity of real world politics to make such an adjustment.

Thursday, 20 November 2008 at 1h 38m 23s

Grateful Dead quote

The wheel is turning and you can’t slow down,
You can’t let go and you can’t hold on,
You can’t go back and you can’t stand still,
If the thunder don’t get you then the lightning will.

-–The Grateful Dead , The Wheel

Saturday, 15 November 2008 at 5h 32m 9s

Deductions and Standard Deductions

Deductions and Standard Deductions on your taxes are the same thing as the government giving you a subsidy.

Think about it.

You’ve already paid the money. When you fill out the tax forms, you are applying to receive some of this money back or — god forbid — how much you owe. But you already gave the government the money last year.

Subtracting from something you’ve already paid is the same as someone giving you money to pay for something.

I just thought I’d make this thought process clear for anyone out there who cares.

Saturday, 15 November 2008 at 4h 50m 3s

Socialistic Hubris

I am responding to this blog post by Matthew Yglesias, who is an interesting and intelligent fellow -- except that his economic views tend to be colored more with a philosophical predilection than are flavored by a view of history.

~ ~ ~ ~ ~ ~ ~

even if we manage to halt the slide into recession we’ll have created a situation in which it’s difficult to return again to growth.

We ain't halting this slide. Every volcano must run its course, and right now the pyroclastic flow is still not near completion.

Also, government providing funds for an end result is different than government paying off the debts of the company, or buying the shares of the company, or appointing officials to the management of the company.

Acting like this is a fluke or an historical aberration is indicative of someone who doesn't know the history of laws and government interaction with the legal basis of the marketplace over the last 350 when we were a few British colonies on the East coast, or the same said history for the entire 4,000 years of human civilization.

Corn is subsidized by the government. So are you. That's why you get "deductions" and "Standard deductions" on your tax form. So are various vegetable crops, and peanuts, and steel, and even the big daddy, oil. More than 1,000 companies are allowed to use Bermuda banks to skirt the tax laws. When toxins from China were found in baby food, when spoiled meat and poisoned spinach spread across the nation, government actions had everything to do with the banning and recalls.

Selling government bonds and using government debt instruments as elements in the portfolio baskets of companies is an inescapable fact.

And don't you ever wonder why a lot of "public service ads" appear on radio shows and various advertising outlets, ... yes, just like the favored national newspapers back to the Andrew Jackson days, government business is another form of subsidization.

Did someone say Halliburton?

Government is always involved, one way or another. We however make the choice as to how government -- we the people -- is involved and to what extent. We can choose the best use of resources or we can deny that those resources exist and call it socialism like it was a whore.

And furthermore ... as for this comment ...

A lot of this talk has an air of socialistic hubris about it...outside of a relatively narrow range of utility-type activities, [state-owned enterprises] are collosal flops

Utility-type activities only??

The post office The FAA The DMV The Police The National Forest Service OSHA The Coast Guard The National Guard CSPAN The GAO

With all due respect, Mr. Yglesias, Me-thinks you applied the philosophical principle to thickly.

Thursday, 6 November 2008 at 2h 26m 23s

Yes indeed

After eight years of having Republicans call me an un-American troop-hating fag-loving socialist, after months of John McCain embracing the hate to a level where his own supporters were calling out for Barack Obama to be assassinated, no one is going to be permitted to tell me with a straight face that "oh you know, both sides do it."

Your side was abominable. Your side was hateful. Your side race-baited. Your side gay-baited. Your side lied like we've never seen in recent presidential campaign history. Your side used a tax-cheat who would do better under Obama's tax proposal to be your everyman on the issue of taxes. Your side, in a veiled effort at race-baiting, said Obama doesn't put his country first. Your side had the audacity to call Obama a socialist. Your side suggested he was a Muslim. Your side suggested he was a terrorist. Your side suggested he was Osama bin Laden.

Spare me the crap about how both sides do it. You people are a disgrace, you've been a disgrace for eight long years, and all your hate and lying and venom and vitriol finally bit you in your collective fat ass.

Democrats don't do nasty, and they certainly don't do it well. Lord knows I wish they did, but they don't. Republicans elevate it to a religion. You are the party of Rush Limbaugh and Ann Coulter and Sean Hannity. Angry, bitchy, bitter and elitist. What do we have to compare? Jesse Jackson, I often hear from my Republican friends. Um, maybe in 1980 when he was relevant. It's been 28 years, got any other examples? Michael Moore, you say? What has Michael Moore said - name one thing - that's comparable to the filth that regularly issues forth from Limbaugh, Hannity and Coulter and, of late, McCain and Palin?

Democrats, when they skewer (which isn't often enough), do it with biting truth. Republicans skewer, early and often, with vicious lies. It goes back to a more general philosophy that liberals have: If we just tell them the truth, the people will agree with us. Republicans are far less sanguine. They know that a good lie beats the truth any day of the week.

[SOURCE: John Avarosis | Americablog | 5 November 2008]

Thursday, 6 November 2008 at 1h 56m 1s

Nader is a poser

He may have done some good in the 1970's and 1980's when he was younger, but he's not the same person now. Makes me wonder if someone has something on Nader (blackmail) because otherwise, WTF (what the f**k) is he talking about in this Fox segment?

Really. It is quite pathetic.

Notice how Ralph's left eye ( on the right side of the screen) is droppy whenever he talks. Could this be cognitive dissonance from the right side of his brain?

You tell me.

Ralph has now become a puppet, squawking about the duplicity of so-called reformers in order to avoid his own duplicity.