Stacy Summary: Great Bloomberg headline in that it pretty much sums up the neo-liberal reality – catastrophe for workers is catastrophe averted for bankers & corporations. The problem with operating a giant global ponzi scheme with this paradox, however, is that the ponzis at the bottom of the pyramid need to earn something eventually to keep the debt bubble going.
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I really can’t understand why we consistently let history repeat itself.
Humanity is cursed.
In other words, workers take the fall for owners because workers are disposable, be they legal workers or illegals. And anything that threatens that disposability must be attacked (unions, anti-immigrant sentiments) while anything that supports disposability of workers is bolstered (open borders, harsh labor laws). Seems to me that Neoliberalism is just despotic rule by elites, dolled up to appear noble and intellectual when it is actually thuggish and anti-intellectual.
Biden & the hedge fund:
http://brontecapital.blogspot.com/2009/04/fraudulent-hedge-fund-associated-with.html
We are being controlled by the mafia, not the cuddly Italian type you see in the movies, but luciferian, zionist type who are far more ruthless and not impeded by compassion or empathy. Governments are corrupt and most of the people are just plain ignorant. Unfortunately governments can rely on the latter to get away with it because they are the voice of the majority.
It must be hard for those who see authority as the truth rather than truth as the authority.
Chrysler to file chapter 11. I don’t think they will make it out it will end in chapter 7. Life in the US midwest will never be the same. The hedge funds and Goldman Sachs, JP Morgan and Morgan Stanley killed the deal for a debt swap. The banks strike again.
Re: Ireland’s unemployment rate
A mate of mine recently “signed on” to receive unemployment benefit in a Dublin Post Office. It took him no more that 3 MINUTES to do so as all that was expected of him was to fill out a form..NO proof of ID, NO proof of Social Security Number, etc.
I have no doubt some people claiming unemployment are not bothering their ass to be actively looking for work (I understand the fact that there’s not muchavailable, but still) because our government (Ireland) are a bunch of briefcase carrying yes men!!!
People are idiots, they will continue to spend and go into debt because that is cool. It doesnt matter if you are rich, it only matters if you look rich. I think the American population deserves this punishment.
But Americans have never earned their wealth. To be fair I’d argue nobody ever has.
Nature creates wealth. Only a nomad lives in balance with nature and nomads do not create wealth nor are nomads wealthy beyond their needs. No. Man plunders wealth beyond his need via say, a farm when he has greedily had too many children to sustain in balance with his environment. Then someone robs the farmer. Then someone protects the farmer for a portion of his plunder. Then taxes fund wars to control more land for farmers to plunder. And so on.
Americans don’t want to admit that their wealth was plundered through genocide, slavery, war racketeering, drug money laundering, etc. But Americans know it. That’s part of why they don’t protest like the French do. How can they protest when they’ve got a colony on each side, and much of the world paying tribute to them via the US dollar’s inflation while under threat of their military? What are they supposed to protest? The system that keeps them fat and lets them be lazy? They could protest it’s demise but they’re already in a pattern of denial as I mentioned, why ruin a good thing? What is supposed to replace it? A race of people of integrity, wisdom and courage who can somehow create wealth beyond their needs instead of plundering it? That doesn’t sound fat and lazy at all to me. (reaches for the comfort of another biscuit and changes the channel)
I’ll never live in “the big house”, join a gang whether on Wall Street or Main Street, and I won’t be spared in any way. I’m fodder. Yet I side with the bankers because it hurts my head a whole lot less to look at the world with naked eyes, and the world that looks back at me is one that fits the thugs’ understanding. These people who are supposed to live in a “good guys” world are going to have to be a different species than human and they’re going to need a different planet where people actually create wealth.
quite profound daniel, thx 4 the post
ps stacy&max, you likely already know about it, but just in case you do not, the solari report is always a semi-interesting thing: http://solari.com/
Max,
Al Jazeera English is coming to DC, and intends to eventually broadcast nationally.
http://www.huffingtonpost.com/2009/04/30/al-jazeera-to-broadcast-i_n_193604.html
They’d better keep having you on their show!
@ Daniel Sauerborn,
Maybe give this audio book a listen. The Politics of Obedience: The Discourse of VoluntaryServitude by Etienne de la Boetie.
http://mises.org/media.aspx?action=category&ID=116
I thought it was very interesting.
US secretly drains fort Knox of it’s gold to support US dollar:
http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=6632
April 24 2009, China’s gold reserves had increased from 600 tons at the end of 2002 to 1,054 tons, the Chinese central bank had continued to report only the 600 tons in reserves. The spokesman claimed that all gold had been purchased from domestic mine sources.
This increase in reserves has been almost precisely reported by GATA ever since September 2003. GATA has a confidential source that was told in 2003 that there was a large buyer of gold entering the market.
This has ramifications far beyond that fact that China has been buying gold without reporting it. The World Gold Council and major precious metals consultancies such at GFMS regularly report gold supply and demand statistics that are widely quoted in the financial press. None of their reports include the Chinese central bank gold purchases as part of gold demand. Even more damaging to their reputations, these reports do not show any gold supply to cover what the Chinese have purchased.
The gold purchased by the Chinese could not have come from mine production, recycling, investor liquidation, or announced government sales. Almost certainly, the gold come from other central banks that secretly sneaked these supplies on the market. In other words, the supply and demand statistics used by the mainstream financial press have been wrong for years.
The way the Chinese government operates is not open and direct. It is entirely possible that China’s central bank gold reserves are much higher than they now confirm. (GATA has documented higher purchases than the Chinese have admitted).
All of the implications are negative for the value of the U.S. dollar. The U.S. government has a huge interest in seeing this story quiet. In the weekend edition of the Financial Times of London, England, this story was front page news. At the same time, The Wall Street Journal buried this news on page B6.
If you still don’t think it’s time to consider owning gold or silver, you probably never will.
US prepares to invade Canada over lax copyright laws:
http://bit.ly/fP2wl
oh I forgot to mention GATA =
Search Results
Gold Anti-Trust Action Committee
~= golden RICO
Sorry to see the twits indicating the blogtalkradio experiment was kind of a diseaster… These guys use Ustream I believe : http://www.theyoungturks.com/ perhaps they are willing to explain their setup..
@bzmoore you said:
“The gold purchased by the Chinese could not have come from mine production” My question: “Why Not!” China owns her own mines and has some big stake in Rio Tinto?
“Rio Tinto, the world’s top aluminum maker since 2007 after buying Canada’s Alcan in November 2007, has proposed selling minority asset stakes and more equity to state-owned Chinese aluminum group Chinalco — already its biggest shareholder — to raise $19.5 billion to help cover a punishing debt load.
Rio, which mines a range of metals and minerals from aluminum and copper to gold and diamonds, has been under pressure to cut borrowings since its share price slumped after BHP scrapped a $66 billion takeover bid for the company in November.”
FROM: Rio Tinto aluminum output falls 6 percent, 15 April 2009 (Reuters)
“China has focussed on its economic interests.Its largest copper producer, Jiangxi Copper, is developing the vast Aynak copper mine south of Kabul,”
FROM: Who will win the peace in Afghanistan?, 4 April 2009 (Reuters)
If I was to be Chief China I would say to the Yanks & IMF:
“If you have such believe in the dollar give us your Gold and we give you your precious dollar. If not why don’t you trust your own medicine?”
Chryslers bail itself out of paying all those pensions!
I don’t twitter or facebook (already have enough addictions thank you) but I do see Max struggling with blogtalkradio on the side there.
Not even sure what he is trying to do beyond Maxificate some more.
How about talkshoe.com or podcastpeople.com?
http://www.blogtalkradio.com/screencasts/Switchboard.html
@Youri Carma re: Chinas gold increase. I was quoting the link which was summarizing a GATA analysis.
Gold production is rate limited to so many ounces per year and it takes years to turn on new mines.
You are exactly right however that the Chinese can buy (trade those worthless US dollars) all they want from fools if those fools are foolish enough to sell out of thier vaults, like the Bush and Blair fools. Oh I feel so Mr. T today.