Stacy Summary: So why exactly are we spending money murdering the ‘pirates’ of Somalia when clearly their wealth is trickling down, just like Goldman’s massive wealth got through holding taxpayer to ransom with threats of economic vioence . . . any difference between the two?
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FIRST!
@Caldoc. isn’t it 424 am there?
Couple of zero’s ;-P “$100 million in ransoms the last two years” only for the pirates. And the pirates didn’t dump toxic waste, destabilise their country with war for control over resources (apparently no one remembers the idiot invasion by the US where they got their ass kicked and there were many more invasion by neighbouring countries beside the never ending civil war between warlords), maybe partially helped overfishing but more was illegal fishing (the usual suspects). Goldman; created the bubble (with help of the government they control), bet against their clients, speculated, program trading, account fraud, tax evasion. I don’t know who scores best in “trickling down the wealth” scale (which is one of the biggest myths) the pirates don’t even invest in their local communities while it just has become a community activity by going commercial. And they buy expensive useless real estate too, they shouldve bought agricultural land (that hasn’t been stolen by the west/china etc.) to grow food. Or start their own financial terrorist organisation to counter goldman, assuming they have no morals. Max or stacy must have some good ideas how to impact/solve problems with 100 million in 2 years. Goldman does nothing to “help” not even the intention, if they even deny guild/responsibility
It is funny to me how hard these Kenyans work for dollars that might as well have been printed in Somalia..How long would it take for that money to feed back into the US economy?
how long before the pirates won’t accept US dollars anymore?
Then we will have the euro or the gulfo?
Or the amero?
that was a long goodbye from bonn last night. drunken fucker.LOL
and the cat in the hat turned into a thread cop.
i’m heading to market shortly. will report on sovereign price. hope he has a young queen shield. my personal favorite.
gidday
American serfs love being victimized and exploited by Goldman Sucks and JP Morgan.
The American sucker has always thought that it was cute-n-funny for Hank Paulson and now Tim Geithner to bail out Warren Buffet @Goldman Sucks.
That’s the American sucker for you.
Americans love being un-employed, homeless and starving to death as long as Goldman Sucks and AIG receives their massive bonuses.
They believe that it’s an American tradition to have paper-billionaires, like Warren Buffet, run gigantic Ponzi schemes through Goldman Sucks and ship their jobs overseas.
THEY LOVE IT!!!
AMERICANS LOVE BEING CONNED!
Being conned is part of being a ‘consumer’.
Like Haliburton in Dubai. The 1% rule. It’s because all theses bums work for God.
Goldman Sachs and JP Morgan rule thw world no doubt about it. The world must defeat them.
‘any difference between the two?’
The difference is that Somalian wealth is trickling down,
and Goldman can’t compete with that.
$100m is peanuts. If the pirates had serious money to launder, they would be buying up English football clubs.
ABB
Protest song for 2010. Obama too and all the bunch. Nice song. .
http://market-ticker.denninger.net/archives/1808-As-The-Clock-er,-Worm-Turns….html
It’s very generous of the G7 states to use their cut of taxpayers future earnings to pay off banks on liabilities generated through offshore vehicles structured to avoid paying tax to those states.
It strikes me as parasitic, which in turn reminds me of the rhetoric of both communist left and fascist right in the twilight of the Weimar republic. All those old history essays about the politics and economy of the inter-war years become less academic in the midst of a present day financial-economic collapse.
The lesson I take from the political decisions to prop up the international financial system in 2008-9 is ‘It’s the political economy (stupid)’.
I wonder whether the general focus on the economic consequences of those measures leaves aside the political component.
I think one of the advantages Max & Stacy have over other commentators is the ability to use comic licence to freely extrapolate from current events. Hence the concept of the neo-feudal casino-gulag economy; and it’s logical corollary, the Peasant Party, that was the highlight of 2009 for me.
@ronron – ROTFL… Happy New Year….!!!
Somalia and Yemen have more or less quietly replaced Iraq and N. Korea in the Axis of Evil. We’re now told the former pair is where the new generation of terrorists is being churned out. The civil war shaping up in Yemen, with Saudi Arabia and Iran supporting opposing sides, could be part of a larger plan to delay introduction of a Gulf Dinar. US support for Saudi Arabia in the conflict could translate into leverage useful in keeping OPEC’s oil-for-USD policy in place.
Report: McCain’s Yemen visit led to anti-Shia war
http://www.presstv.ir/detail.aspx?id=111685§ionid=351020206
The Man from Glad –
Sir, I enjoyed the exchange on the other thread.
The never-ending war-on-whatever is nauseating in its wanton disregard of human life.
Maybe the US can take a page out of Canada’s play book and reel-in the military spending while insuring all citizens for health?
@California Doctor, A republic, not an empire. Every notice that no one really hates the Canadians?
Not sure whether the US is prodding Saudi Arabia into attaching Yemen, or if it is backing Saudi Arabia expecting something in return. Saudi Arabia may be motivated by Sunni vs. Shia intolerance. One way and/or the other, I suspect this conflict figures in the broader currency war which currently dominates the Gulf.
Just a few years ago, the US used Ethiopia to destabilize the central gov’t. which had spontaneously arisen in Somalia. Now we’re using the Saudis to exacerbate a civil war in Yemen. It’s like we want these countries to be breeding grounds for terrorism. Or maybe this was all just to create another couple real estate bubbles.
@@California Doctor, Not that Canada is a republic.
No. Canada is a US colony and the unspeakable place where Uncle Sam’s loves to buy all that crude oil going in California’s Doctor cadillac. We have better Wal Marts and some are bilingual but it’s the same crap MADE IN CHINA/CHINE. Great white empty with no culture. Nice but insignificant and boring as Stephen Harper, Don Cherry or Céline Dion.
Difference between the two?
Pirates are not state sanctioned. Goldman Sachs are.
And violence/war is just the free market at it’s freest. Somalia’s market aggression only underlines how state endorsement is a useful veil for G-S.. It’s the old a-cold-war-is-cooler-than-a-hot -one, so long as no one admits damages.