Stacy Summary: Good morning, y’all! Here are some stories I am reading this morning . . .
- Battle of the Titans: JPMorgan vs Goldman Sachs (Ellen Brown, Huffpo)
- Radical Inequality is Killing Us, Literally (Alternet)
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ref. max keiser – Get 6 mo’s free storage
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Rick Ackerman-
- Karl Denninger – Market Ticker
- The Big Picture
- Mish
- David Morgan
- King World News
- SmartKnowledge
- GoldCore
fiat money and the french revolution
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crash banksters – Buy Silver & gold
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kicking things off…
@ stacy tis one is for ya
Ending things
Project Camelot Interviews George Green – Part 1 of 2
Google it plz
Hic
Was reading some comments on the earlier Thread
about the bible
“They are following it, Its theater to them”
Hic
Remember I was given y’all links on Ion engions legions legends
lolololol rofl
Hic
oops no Jibber Jabber
@Battle of the Titans: JPMorgan vs Goldman Sachs
…Volcker’s proposal would rein in these abuses, either by ending the risky “proprietary trading” (trading for their own accounts) engaged in by the too-big-to-fail banks, or by forcing them to downsize by selling off those portions of their businesses engaging in it. Until recently, President Obama has declined to support Volcker’s plan, but on January 21 he finally endorsed it….
” rein in “ ?
Hello Obama … HOW ABOUT ARRESTING THEM ALL !
@Y’All
er… Still drunk… and Still talkin’ SHIT about the BIBLE Y’All need to take a break… I hear scotland is nice this time of YEAR!!!
http://news.bbc.co.uk/1/hi/scotland/glasgow_and_west/8451524.stm
https://www.nohoax.com/
LOL
He has a Nice Vital statistics screen
Hic
@Y’All
hows it go…. dimes, nickels, quarters… dollah bills HUNDRED dollah bills!!!
http://www.news.com.au/breaking-news/driver-fined-for-blowing-nose-in-van/story-e6frfku0-1225824533692
GDP = Grand Debt Produced. It’s all an illusion. Houdini Obeymama trumpetted this statistic at BloomburgerKing as a proof that that his black magic is workin just perfectly. Back to vooodoooo economics. White is black and black is white. Liquidate the inventories and the statistics is uuugly.
@Marc Authier … GDP = Grand Debt Produced.
How true…
… by coincidence, I’m just reading “The Trap” by James Goldsmith.
In short, his main theme is : GDP is destructive.
GDW – Gross Domestic Well-being – would be a far better “measure” of Economic health.
BTW.. the first chapters are filled with wisdom !
Bought the book on Amazon for 1 Cent !
Crazy … as it as #1 best seller in France.
Interesting US data …
MOVING FOR MONEY
http://www.mint.com/blog/wp-content/uploads/2010/01/MNT-MIGRATION-R2.png
@Y’All
The right way to do wrong: an exposé of successful criminals By Harry Houdini (1906)
h/t boing boing.
http://tinyurl.com/ycvhlm9
========
The GDP Mirage: The Last Hurrah
========
Not the most perfect title, I would have used :
“The Shoddy Imitation Counterfeit GNP Dellusionary Mirage”
If you remember back to Red China, there is a famous pic that was circulated during the drive to up agricultural production where it shows peasant kids literally walking on top of wheat — not harvested wheat, the stuff is in the ground!
Although great propaganda, anyone that knows grains knows that it is not possible to walk on top of any concentrations of wheat stems or any other grass for that matter.
The drive to up agricultural production was so totalitarian in its nature peasants had no choice but to counterfeit the data.
Up thru the chain of command the data went — and somehow in the end parts of China had a 2nd mass starvation event. This happened some time in the 1960s, but the exact date alludes me.
With the US — the manufacturing of fake economics data is at the top, not forced via blithering totalitarianism from the bottom. However, the effect in the long run will be the same.
How about invitind Jesse Ventura at your show ? It would so much fun. Can you blame people flocking to his show in the USA. That’s what happens when people start to understand that their are there only for ONE thing; to make money and duly screw them.
http://www.alternet.org/story/145452/jesse_ventura_takes_the_soaring_interest_in_conspiracy_theory_to_tv_–_and_viewers_are_flocking_to_it
Obeymama has arranged things neither, That fraud is worse than Bush. Jesse Ventura would be great at Russia Today too.
You should add to your site not just Scandal, Fraud but Conspiracy.
is this what the Americans are watching?..no wonder all bankers and governments find them easy targets
http://www.youtube.com/watch?v=ujDF3JUJo-Y&feature=related
Lingerie Football League..
Ben Laden works for Al Gore and Goldman Sachs. Not only that the mean dude from Al-Mossad and Al-CIA-aida is a greenie terorist. “Death to Americans but save Mother Earth.” Soo funny. I always piss in my pants when I see tha CIA/Mossad clown saying such stupid things. Hey Obamasama Ben LadenSachs, what do you think about the naked body scanners. Osama is a a major shareholder of the company making the scanners and probably an Al Gore associate to.
http://blogs.alternet.org/speakeasy/2010/01/29/bin-laden-blasts-u-s-for-inaction-on-climate-change-no-really/
Think greenie Osama says the cattle.
Does somebody know if Osamabama has a lot of shares in the vaccine manufacturers ? H1N1 is a code name of a special Al-Fiu-aida. Humm love that mecury and that squalene. Can’t wait to be sterilized.
Cramer Says Bernanke, Geithner, Illuminati, Trilateral Commission, and Queen of England Are Great
http://www.infowars.com/cramer-says-bernanke-geithner-illumanti-trilateral-commission-and-queen-of-england-are-great/
Hic
Even though Obama made a great move against the GOP this line makes my point about looming dictatorship:
http://www.youtube.com/watch?v=mTwiLnLipIY#t=2m20s
Executive orders, even against a sabotaging GOP, are undemocratic and a step in the wrong direction..
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Two British intellectuals — one a distinguished, gray-haired professor emeritus, the other a rising young academic superstar — have just finished a 15-day speaking tour across the United States. They came to fan the flames of “populist rage.”
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This is actually not really new news. In earlier comparisons (before 2008) of EU and other nations with national healthcare systems vs US, longevity in the US was shown to be the lowest.
The US overall health has declined since the Nixon Shock, with lifespan going with it — yet so far it has managed to have escaped the kind of collapse the USSR had in longevity. Russia has managed to recover some of its lifespan years, but it is very touch and go — holding steady is the best that can be hoped for.
With this finance crisis not ceasing any time soon, I automatically expect
1. Medicare and Medicaid to cease any day for any reason.
2. Social Security to cease any day for any reason.
3. Any US state health plan to self destruct about 9 months later.
4. A collapse in the USDXXX exchange rates, making getting non-US healthcare hellatiously expensive for most people that might be able to afford it.
This will have a knock-on effect in less than 5 years of decreasing US lifespans by a minimum of 5 years, 7 easy — 12 expected.
http://www.youtube.com/watch?v=LNK9OWgO1QA
I cant hold back any longer
Project Camelot Conf.- George Green An Insiders View of the Big Picture Whats Really Going On?
45 % surcharge on peeps travelling abroad BOA Bank of america 13:40
Peeps info fast
Confirmation
Dont tell me the lunatics are going ahead
Hic
Goood Ole hugging Terferma
@ Max @ Stacy
Wake up
Credit cards ??? WTF
or Hoax
Hic
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All people in unequal societies do worse. Middle-income people in the United States, the world’s most unequal developed nation, have shorter lifespans than middle-income people in Japan, Sweden and a host of other more equal nations.
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And this shows up in virtually every study like this that is done.
In very unequal societies — especially ones where community has all but vanished — people have no personal loyalty to each other. This may seem trivial, but about 5 years of ‘average lifespan’ are linked to this.
The problem with (pseudo) “Liberals” frome AllNet ? The freakin money always end up in the bankster’s pockets.
The problem with (pseudo) “Conservatives” ? The darn money always ends up in the the bankster’s pockets.
That pseudo left from Pseudo-Alt-Net nevers attack the root of evil here : the screwed up banking system. It’s absolutely useless if you do not attack and dismember the FED. Stupid liberals and stupid conservatives. Both are controlled by the banksters. These lefties don’t get it.
The only guy that gets it is Ron Paul. END THE FED.
Radical Inequality ? Soon the USA wiil like Mexico, Nicaragua, Brazil, or why not Haiti ? Who needs the middle class anyways. The truth is that the middle class is a nuisance for competing against China. The solution ? Eliminate and exterminate the middle class. The game plan is clear as cristal. Socialize the losses to the ordinary taxpayers, Meanwhile Haliburton operates from Dubai and pay 1% income tax and Goldman Satan Sachs pays it’s icome tax in the Cayman Islands at the same rate as Haliburton 1%. Clear as cristal. Clear clear clear. And Papa Doc Duvalier Obeymama won’t change a thing. He works for the same people the liberals denounce. That’s the obscenity. Right or left you are always screwed because the tax structure and the financial structure NEVER changes.
In the USA, where the public sector is at 99.5% nepotism at the lower levels and 95% favouritism at the upper levels — and the education system has totally collapsed — Americans care about this:
http://en.wikipedia.org/wiki/2010_Haiti_earthquake_conspiracy_theories
In the end the US will be about as well off as:
http://en.wikipedia.org/wiki/Republic_of_Dahomey
Here is a solution for the real stupid left. Quick the FED in the balls. The government takes control of the pig farm. Prints the money to pay down the debt to ZERO, And aftet that ? No borrowing from the banksters. That’s it. You program a regular and predictable increase in the money. No more Goldman Sachs and their fat bonuses to pseudo manage the government debt. Anyway half of the people at Goldman Sachs should be court marshalled and put in prison for 200 years. Same thing for JP Morgan and all the other crooks.
Bolthi Band
hahahahahahah
lolololol
ROFL
Hic
American’s don’t care about debt in Canada, but as it exists at levels high enough not to help the US economy … it actually matters greatly:
http://www.cbc.ca/money/story/2010/01/29/consumer-vanier-report.html
Canadian household savings collapsed in the 1990s and debt levels rose to record highs in the 2000s, according to a preliminary report by the Vanier Institute of the Family.
“For many families in Canada, the first decade of the 21st century brought unprecedented opportunity: these years witnessed continuous labour market growth, moderate rises in average household income, and a substantial upward shift in household savings rates,” said the report.
“This decade, however, also brought with it never before seen growth in household debt. The 2000s can be labelled the decade of debt. In this same vein, the 1990s can probably be labelled the decade of the collapse of savings as annual savings plummeted by two-thirds between 1990 and 2000.”
The institute looked at Statstics Canada figures for spending and savings rates, as well as increases in incomes and household debt levels.
They found that household income barely budged in the 1990s, moving up by just one per cent, compared to a 10 per cent rise between 2000 and 2009.
Yet, when it came to spending, both decades saw an increase in 10 per cent.
How families paid for that extra spending was partly explained by rising debt levels and falling savings.
“In the 1990s, this increase was financed by both rising debt and a sharp decline in annual savings. In the 2000s, the 10 per cent rise in spending was financed by rising incomes and soaring debt,” according to the report.
Household debt rose by 22 per cent in the 1990s and by 45 per cent in the 2000s.
During that same period, the savings rate in the 1990s fell by 64 per cent, but rebounded and grew by 14 per cent in the 2000s.
http://the-tap.blogspot.com/2010/01/keylogger-detected-election-coming.html
Interesting right wing blog from the UK. It’s about how the Tories will not ‘be allowed’ to win because of Cameron admitting Euro-scepticism. Goes on to talk about not being able to keep up the pretense of democracy anymore.
Wondered what you guys thought of it?
@Marc Authier … The only guy that gets it is Ron Paul. END THE FED.
Yes, one of the VERY FEW honest Congressmen.
@Blackdouglas … Wondered what you guys thought of it?
“The 2010 UK Election Will Be Rigged”
Of course … as was demonstrated in Ireland already.
Have you noticed. The markets did not react that well. Where is the bacon ? Markets are the real scandal. The market itself, credit market and stock market too, are also a nice mirage.
@ MA
click on me 2nd link Project Camelot
Hic
So only 2 peeps followed that link till now
10,248 & 10,251 is mua could be anyone else though
Hic
@P/G: arresting yes, but this is politics. He shows he needs them now or later.
BWACK:
http://www.whatihearyousayingis.com/parrot.jpg
Parrots for Stiglitz!
Gee, what-do-ya-know? World Bank agrees with Stiglitz! GDP not important anymore: we post-industrial slaves will find ‘happiness’ when inequalities end and our service on eco-village gulags begin!
http://blogs.worldbank.org/endpovertyinsouthasia/gross-domestic-product-not-sole-indicator-progress
“When I think about it, it makes sense. Do we need all the stuff we buy? Out of all the things that we spend money on, what truly gives us pleasure and makes us happy? Could we be consuming goods and products purely out of habit, driven by a culture of consumerism? In economics class, we learned about utility along with diminishing marginal utility, and it seems to make sense on a national scale as well. Beyond a certain level, incomes and happiness do not directly correlate. More is not always better.”
What a racket! Deny the people and then claim it is for their own ‘happiness’. And real unhappiness will be resisting this future slavish utopia!
Oh, ignore the uber-rich elite. They aren’t planning on the ‘less is more’ scenerio for themselves.
Gross National Happiness or Colonization by the World Bank interests?
http://www.independent.co.uk/news/world/asia/how-the-happy-kingdom-in-the-clouds-lost-its-smile-1783876.html
“Gross National Happiness: What is it?
* The happiness of the people was declared the guiding goal of development by Bhutan’s king in 1972.
* The Gross National Happiness of the kingdom is seen as a healthier alternative to Gross Domestic Product as a measure of national well-being.
* An enlightened society is held to be one in which “happiness and well-being of all people and sentient beings is the ultimate purpose of governance”.
* Last year Bhutan adopted the GNH Index to “track the policies and performances of the country”.
* Guensel, Bhutan’s daily news site, declared in an editorial yesterday: “GNH is not a philosophy to make every individual happy. It is an expression of a system of values… GNH can help us change without losing our past.”
Coined by a royal in service to the international bankers! I like bullet three: government is going to make happiness their number one priority.
HAHAHAHAHA
(Yes, but not the common man’s happiness.)
Well Snoot we should start by taking the Bill Gates and Warren Buffett billions and sayt to them. Dear Bill and dear Warrenn from now it will be total frugality for you from now on. 50,000$ per year and a littlle house with a huge mortgage. These bastards from the World Bank should shut their dirty stinking fascist mouth. I am for frugality but when people have to live in tents like the USA, this is NOT frugality. It’s he beginning of the END. Fuckin banking nazis.
@snoot – actually, I know someone from Bhutan and we discussed this at length; her name is Karma and she says that it was the King introducing democracy that fractured the nation; there was near revolt when the King announced that he wanted democracy; she says that everyone was crying, in Parliament, news presenters, and the people; she said the people didn’t want to have to make a choice to elect any officials, they just wanted the king; finally as it came closer to the vote, people started to make decisions (though Karma said that most parties had nearly the same platform) it started to put families and communities in opposition to each other in a way that they had never experienced
@ Snoot
Gmornin
Me Project Camlot Link is for ya tooooo (4:15 one)
LOLOLOL
Hic
Baalbaek ruins
ROFL
@ stacyherbert
Iether Bhutan or Nepaly princess wanted to marry me Dad dont remember witch one
ROFL
LOL
Hic
Well they went ta the same School
He was a freakin playboy
Sadly I did’nt inherit anyof those qualities
Hic
@Stacey:
If you’re worried about inequality, why not have the royals all give away their land holdings to the indigenous or the poor? The Pope could sell the Vatican gold and treasures. Obama could stop entertaining like a rockstar on the taxpayer dime. Why are we being asked to rely on criminals to dictate our happiness? The reason the Bhutan people are unhappy is the forced migrations to the cities under world bank auspices:
“Michael Rutland, chairman of the Bhutan Society of the UK, is a regular visitor to the country. He said he believed the most harmful change for Bhutan was the increasing number of people moving into towns and cities. “In this regard the biggest change has been the urbanisation. It leads to a breakdown in the local communities and also means that when a young person goes into the cities they lose a large amount of the support structures,” he said. “This is particularly true with something like child care where in the rural areas, everyone helps look after the children … Of course, this is not something unique to Bhutan, but the difference is that in Bhutan this has only been happening for the last 20 years.”"
The question is this one:
Do people have an inherent right to pursue their own happiness, or is happiness a new dictum of state control?
The hypocrisy is eye-watering: as in stick inserted. Is this the carrot we are to receive for our admission into their new world colonial empire? Rather sorry rhetoric coming from the same sorry sources.
No there was boys school and Girls school
Shimla I think
Hic
@Stacey:
When the World Bank is involved, the poor do not make the choices.
So that’s why a Rockerfeller is missing and Kissinger is missing ? Thanks Bonn for the conference project Camelot. Rockerfeller is not alone. Bill Gates, Buffett. Turner, Roschild and yes all the Royals of Europe. The game is indeed clear. Disgusting indeed. Get ready for world war III.
Well, the US is clearly overturing for serious conflict with China, selling arms to Taiwan. http://tinyurl.com/yzopqa9
@Bonn:
George Green believes he is a channel for alien transmissions. His predictions never pan out.
@ Snoot
AAAAAAAAAAaaaaaaaaaaaaaaaahhhh
Forget it I Give up again
ROFL
Hic
Going to buy me booze
So the Martians are coming ? They are coming to get Obama from planet Krypton. What a lousy jobs these Kryptonites do. Lloyd Blanfien is an Elloim. The envoy of God comes from what galaxy ? Was interesting untill he stared talking about the Klingons.
I am just interested by the preparation of a third world war. Maybe. But more probable. They will try to exterminate the Africans or India. Something of that kind with a influenza flu.
watched the vid with george green, think he is somewhat paranoid person … imo
@snoot – hey, I’m just telling you what one poor Bhutanese woman relayed to me; I’ve never been there, so I wouldn’t know if they are happy or not; but yes, I know that being forced into the City is something the US and World Bank and IMF do around the world, as in Haiti, for example; by the way, re the cult of King, I also saw this when I was in Bangkok, many people seemed to genuinely revere their King and all sorts of taxi drivers, shopkeepers, etc. kept telling us how benign and wonderful their king is . . . I don’t understand it, but it is a reality in some areas, including US, UK, France, Germany, Scandinavia, Latin America, Middle East, Asia, etc. where some people or groups of people are given cult like reverence
try to exterminate the Africans or India.
Not India plz
We will work 24 hrs a day without play plz
Hic
ROFL
ma—sure its not the ferengi, they shot me a copy of there rules of acquisition … here ya go http://www.sjtrek.com/trek/rules/
He is not paranoid about third world war. It will be about OIL again. What do you think Adolf Hitler was obsessed with ? Building an empire in Europe but also Central Asia and the Caucase. Why ? Guess ? ONE WORD: OIL……. Freakin OIL. Look at the maps. Look at what is going on. Irak Afghanistan, Iran., Georgia.
I don’t think progressives are naive. I think they support the global governance idea; but Rachel Maddow really disappoints here:
http://www.youtube.com/watch?v=z98JCsS_gRs
What?! No mention of international banking pressure!?
http://www.telegraph.co.uk/news/worldnews/europe/france/6189530/Nicolas-Sarkozy-wants-to-measure-economic-success-in-happiness.html
Doesn’t match well with this:
http://www.reuters.com/article/idUSLDE5BU0QC20091231
@snoot
Some people can’t stand being their own master. C’est comme ça. People like authority and hierarchy because they stay little boys and little girls. They need somebody over them. Quelle tristesse ! like you said.
Hey Rakesh Sharma worked under me Dad
When I bumb into him I’ll Ask him
Hic
What a Dummass I’ve been
Economic warfare erupts between U.S., Russia and China
Economic warfare (between U.S., Russia and China) is one of the greatest threats of the 21st century. US debt bomb puts us at risk. Russia and China helped cause the housing collapse.
Copyright MSNBC 2010
Henry Hank Paulson Vladimir Putin Dylan Ratigan Senate increase debt limit
http://www.youtube.com/watch?v=T5gu1h3NXJw&feature=sub
Will have ta use all me body language observation skills when I ask em
Hic
@Marc:
I’d rather listen to the Mormons that Stiglitz. The man has been forwarding the agenda of the international money for years under the cloak of intellectual humanitarianism:
“Dr Stiglitz praised France’s President Nicolas Sarkozy for foreseeing the problem with GDP because of its shortcomings. and for having set up a fund for research of other indicator capable of predicting social demand.
Dr. Joseph Stiglitz suggested a new form for selection of new indicator to be overseen by a committee made up of three groups. They are: group A in favour of GDP, group B for the importance of social well-being/happiness and, group C with a stress on sustainability of development and environment. The objective of this committee should be to examine a variety of indicators that not only give statistical figures but also take into account of value of happiness, social safety and life stability,
Dr. Joseph Stigliz summed up by saying that, “Conclusion from figures derived from one single indicator is not possible to give a true situation of the society or country. A combination of figures from other indices should be more creditable, such as National Political Index (NPI), telling what society expects from politics, or Human Development Index (HDI) showing human resource development, or Gross National Happiness (GNH) as guiding philosophy of the Kingdom of Bhutan. These indices should be adapted to suit people’s requirement of each country”.”
http://en.thaihealth.or.th/node/232
@snoot
Yeah snoot a global world government runned by a bunch of psychopaths tycoons and banksters. These globalists progressive are like the Communists. What a bunch of cretins. They still don’t get it. It’s a world dictatorship runned by billionnaires, not by ordinary people. These stupid morons are either really stupid.But I think they are bought. Yes. Left wing venenous working hand in hand with eugenist greenies and fasscist bankin billlionnaires from Goldman Sachs. Please snoot. These globalist lefties are imbeciles.
Here’s Stiglitz pimping for Soros concerning Khaziki resources:
http://archive.revenuewatch.org/reading/111703.shtml
@snoot
The notion is not bad as such. It depends what you pur in it snoot.
I will give an amusing example. Am I happier if I drive a Hummer instead of taking the TGV ?
A classical economist would say that I am richer and happier if I have a Hummer. Totally stupid.
In reality. If I take the TGV to Strasbourg I will be less stressed, less in debt and less of liability for Earth and the country. Classical economic mesures forget the qualitatives aspects of such things.
@Well, the US is clearly overturing for serious conflict with China, selling arms to Taiwan. http://tinyurl.com/yzopqa9
decided upon before or after the earthquake in Haiti ?
Ever heard of these guys, Marc?
http://www.osce.org/
@Marc:
“The notion is not bad as such. It depends what you pur in it snoot.”
No, it doesn’t Marc. A total lack of personal choice and agency will be the defining characteristic of the state’s tyrannical ‘happiness indicators’. The concept is diametrically opposed to freedom.
Yeah. A nice cover fot the CIA, Nato and the usual western banksters.They like to denounce Poutine regularly. Not that most of the time it’s not justified. But this organization stinks too. It’s like the famous “rose revolution” and “orange revolution”. Usually the money always comes from the same person.
The problem with classical economics is that it is obsessed with quantitatives measures. The qualitative aspect is very difficult to measure because modern economics lack imagination and culture.
@Skippy
Well, who knows..there goes the haarp theory..
Forced sterilizations, forced abortions, planned occupations for citizens, the draft, no land ownership, no private access to capital resource, personal identity as state property, etc.etc.etc.
It always sounds ‘good’ Marc. But the reality is that the ones to apply happiness as an indicator of social justice are also the ones who do not believe humans are inherently equal or valuable. They feel we have a lot of ‘lessons’ to learn: but they are willing to ‘teach’ us for our own ‘good’. Meanwhile, they live apart, and they are not obliged to follow us into their version of happy-happy communities. After all: our pain is their happiness.
http://www.sustainabilitydictionary.com/g/gross_national_happiness_gnh.php
“Promotion of equitable and sustainable socio-economic development
Preservation and promotion of cultural values
Conservation of the natural environment
Establishment of good governance.”
Who’s in charge of this global initiative? The same criminal agencies: UN/UNESCO/WHO/World Bank/IMF.
Max has warned about GS taking down the stock market to teach Obama a lesson; by the same token, maybe GS will let the gold price run higher…
I wasn’t talking about that snoot. I was talking about the fact that economic measures are deficient. They never measure the qualitative aspects.
As for the green agenda ot the UN eugenist and the Holdren Obama’s science tsar, I am horrified as you, And yes all the Soros bunch Stiglitz and Sarkozy, that reptile, are backing this horrible agenda. So is the World Bank and the IMF. It stinks hig heaven indeed.
Each of the posts are very interesting and informative. With all the turmoil effecting our quality of life, what can realistically be done by each of us to improve the path we are on in daily living??
We have a finite amount of time on this planet … from reading and absorbing the thoughts posted here, most seem to be reactive. I think disconnecting, as much as personally possible, from this contemptible system is a proactive choice. Time is always decaying, how do you want to walk down your path with the time you have left?
“I wasn’t talking about that snoot. I was talking about the fact that economic measures are deficient. They never measure the qualitative aspects.”
Qualitative aspects to economy? Who decides, Marc?
And who going to take down G$ ? Is that really important if the Dow goes up or down ? I don’t see a lot of people interested by the stock racket. Don’t forget 80% of the volume is high frequency trading.
In reality the stock market has ceased functionning. That too is just a government entity a Government Sachs entity. It wouldn’t change a thing to the average worker or investor today if the DOW was at 2000. The stock market financing function is not working presently anyways. Hey NYSE die,
@JGIR:
Do you realize that you don’t need to move to China: the tyranny is coming to you.
It is not reactive to inform people of the moves being made by money and power against them. People may choose to do what they like with the information.
@frances
You know the answer. Not you and not I. Not the citizens. The usual bunch. I know. Terrible.
Talk – Impact of Hanford on the Columbia – 10/03/98 Part IV
Talks from the conference “The River Runs Through It:
Impact of Hanford on the Columbia” given October 3, 1998 in Vancouver, WA.
Speakers include Greg DeBruler, Columbia River United; Susan Gordon, Alliance for Nuclear Accountability; Merilyn Reeves, League of Women Voters, and Chair, Hanford Advisory Board; Paige Levin, Heart of America Northwest; Paige Knight, Hanford Watch; Casey Ruud, Hanford Whistleblower; Tom Carpenter, Government Accountability Project
http://www.youtube.com/watch?v=WGEzOoGRVws&feature=sub
1 hour 24 minutes … well worth listening !
@fs
the tyranny is already here, it is only going to act like a tourniquet and squeeze the breath out of human psyche.
We all have to deal with it, and I do agree that informing people of what is happening is absolutely prudent. Dealing with oppression is a personal choice
Still In A Credit Crisis, New Liquidity Threatens Inflation
Market manipulations never fail to shock us, 13 trillion spent into a pit of debt and no relief in sight, unemployment numbers probably higher than they appear, crooks bailed out, taxpayer pays for it, bank lending way down, inflation predicted
On thing we can say for sure about 2009 is that markets witnessed the worst manipulation ever by the President’s “Working Group on Financial Markets.”
….
….
…. The probability of 14% inflation in 2010 has already been baked into the cake. The Fed and other central banks are really trying to avoid hyperinflation. The real trouble will come in 2011. If the Fed and other central banks cannot raise interest rates, cannot reign in the liquidity in their economies, and need further stimulus, which we believe will be the case, then inflation will run wild. As a result gold and silver prices will go through the roof….
http://www.theinternationalforecaster.com/International_Forecaster_Weekly/Still_In_A_Credit_Crisis_New_Liquidity_Threatens_Inflation
.. and from the other side :
Fed’s Currency Swap Lines: A BIG deal for the Dollar
by Bryan Rich 01-30-10
…
… Here’s what that means: The Fed agreed to give foreign central banks U.S. dollars at a determined exchange rate for the currency of the respective foreign counterpart. And when the swap ends, the two central banks simply repay the same quantity of currency back. There’s no exchange rate risk and no impact on the demand for currency in the open market.
Why Did the Fed Offer Dollars to the Rest of the World?
When the credit crisis was at its peak, banks around the world were hesitant to do any short-term lending with other banks. As a result foreign bank-to-bank lending rates for dollars, the world’s primary business currency, shot up. That restricted access to dollar borrowing and pushed a lot of consumer interest rates higher in the U.S. and abroad.
By providing these currency swaps with other central banks, the Fed helped to inject dollar liquidity into banks around the world. And it was well needed.
In short, it was good for the global financial system because it helped reduce the fear premium that was causing market interest rates to soar.
You can see this clearly in the chart below. In panel A, while the Fed and other central banks were cutting benchmark interest rates to the bone (the white line), the Libor rate (the orange line), or the rates at which banks make short term loans between themselves, was going in the opposite direction….
…
…
http://www.moneyandmarkets.com/feds-currency-swap-lines-a-big-deal-for-the-dollar-37555
The biggest threat for 2010 – countries going bust
By Associate Editor David Stevenson Dec 09, 2009
http://www.moneyweek.com/news-and-charts/economics/the-biggest-threat-for-2010—countries-going-bust.aspx
Good read !
@Phil:
Whom do the rating agencies work for? What role does Fitch, Moody’s and Poor’s have in determining sovereign futures?
Re: Kissinger. Kay Bailey Hutchinson is running for governor for Texas. I can’t find the link, but a few days ago, I ran onto an article from a Texas source that stated Kissinger would speak in Dallas ~ Jan 6 at a fundraiser for Kay Bailey Hutchinson.
Greece’s debt woes will hammer the euro – here’s how to profit
http://www.moneyweek.com/investments/how-to-profit-from-greeces-debt-woes-00409.aspx
Interesting viewpoint .
@frances .. Ratings agencies
I have a friend that works for a subsidiary of Fitch, and he’s involved in all sorts of deal appraisals that never make the MSM … often with Arab & Muslim countries wrt Eco. development.
It’s my guess ( as stated earlier ) that these RAs “work” for the US Govt., as a sort of modern Eco Hitman. Jon Perkins mentioned ( without naming names ) that today’s EHMen are far more sophisticated and work at much higher levels than in his day. So – I am pretty convinced – that the RAs are the new financial secret service !
@frabces .. have to go out now .. CU later .
@JGIR and @FS-
It’s really rather comical to hear about “tyranny coming”.
I agree with JGIR – the tyranny is already here and I must add that it HAS BEEN here for about 5 years.
The confusion in the sheeple is about who is in dictating policy. The people are clearly not dictating policy.
Reviewing the history of Andrew Jackson and Abraham Lincoln’s banking crises is revealing.
Both the Jackson and the Lincoln Administrations had banking fiascos to deal with. Both Jackson and Lincoln dealt with the fiasco by putting the banks in their proper place. They both sidelined the power of the banks and moved forward with governmental policies that solidified federal GOVERNMENT control over money.
This comes down to confusion in the public between corporate forms and governmental roles. The term “public-private” partnership arose in the last 10 years as people, many of whom are not Americans, deliberately attempted to obfuscate, blur, and smear the legal delineations between a private corporation and a public governmental agency.
There are many areas of commerce and business in the United States where these delineations are currently smeared.
Here’s my brief list -
Federal Reserve Banking System – The Federal Reserve Banks appoint their own leadership. The appointees then work with the member banks to tap the accounts of the United States government. There is no Congressional oversight on this process because the banks bribe the politicians to prevent it.
California Department of Public Health permits diversion of tax payer funds to private corporations for medi-Cal program implementation. This diversion can even block out health insurers from offering plans to the tax payers. San Mateo County, Orange County, and Los Angeles County have a program called “Cal-Optima” which controls ALL healthcare dollars through those counties through a board appointed by the County Board of Supervisors. But, there is no oversight by the public on these funds.
California Air Resources Board has a bunch of political appointees setting air quality standards for the entire state. They believe they can push people to use “green” technology and therefore push business owners out of business by FORCING the small business to buy stuff they (we) don’t need. CARB members are not required to divest from oil or petrochemical companies. Recent radio programs show that the chairwoman has MILLIONS of DOLLARS of stock in her possession from petrochemical companies. Her husband is a environmental defense attorney for Exxon.
There’s more, but these three are doosies.
http://www.lewrockwell.com/spl2/carney-interview.html
WHat I’m reading…
Obamanamics, the fallacy of the little guy savior…
@ Bonn…i saw the George Green video….on Proj Camelot..very interesting comments about Volcker!!
yo. check out bryanpepperell new video. love bryan.
I’ll have to wait until the Alternet server quiets down some to read that article, but @ snoot, on happiness, Barbara Ehrenreich makes a pretty good argument in her latest book that in the US and other industrialized countries, state control is no longer necessary when it comes to demanding happiness.
She speaks towards the end of her book about tryrannical regimes and how, historically, they quite literally forced people to “be positive”/ feign happiness. One of the examples was the Soviet Union, where those who weren’t positive or optimistic were dubbed “defeatists,” and anyone found guilty of (accused of) spreading defeatism was condemned to several years in Stalinist camps. Ehrenreich discusses all of this in the context of the positive thinking culture that has taken hold in academia (mostly thanks to Seligman and positive psychology), business, corporate America, in the mega-churches that preach the prosperity gospel, and has penetrated the rest of society. The point in comparing the cult(ure)of positive thinking to former totalitarian systems is to show that where both are actually mechanisms of social control, the advantage of positive thinking is that “people can be counted on to impose it on themselves.” In some very real ways, positive thinking demands self-hypnosis and thought control. Its practitioners are told to “avoid negative people” and “avoid negative news.” As positive thinking spread throughout the country, being positive and optimistic became not just a demand that practitioners placed on themselves, but a demand that employers, neighbors, family, etc. placed on all of us. A clunky state apparatus, secret police, and the like were not needed for that; the market took care of it. The Wall Street Journal and other business rags wrote stories about the “science of” positive thinking, and how employers who hire motivation coaches and/or distribute positive thinking literature get happier, more productive workers; Oprah promoted the book “The Secret” as well as promoting positive thinking; employers who slashed their workforces were immediately advised to bring in “motivational coaches” to rally the workers who were left; CEOs and banksters hired their own coaches, etc. etc. etc.
Jan 6 fundraiser for Hutchison, attended by Kissinger is mentioned here:
http://tiny.cc/WGIh1
Cost to attend: $7,500.
The Perry campaign pointed in response to a Jan. 6 fundraiser for Hutchison in Dallas with Henry Kissinger. Those who gave at least $5,000 were allowed to take part in a roundtable with Kissinger and Hutchison.
Hey . . . I finally got that article to load . . . Richard Wilkinson is an impeccable researcher. I read his book, Unhealthy Societies: the Afflictions of Inequality when I took a course in the sociology of health, society, and medicine.
Ehrenreich is right on when she mentions the Dem. party in particular; they ignore economic inequality at our peril. I’ve bitched about this in correspondence with a certain former labor secretary . . . he agrees.
Here’s a fun video with Robert Reich
http://robertreich.org/post/358355978/conan-obrien-and-robert-reich
Didn’t know he was responsible for NAFTA.
caldoc
have read the cal-optima is very very slow in paying the doctors for services rendered … is this true??? The system/systems mostly all appear to be on the brink of insolvency.
Having had small businesses, in construction arena, chasing dollars was always an issue. Many of these businesses have folded and walked away.
Neil Reynolds of the Globe&Mail wrote an article comparing the eerie similarities between what is going on now and what happened in the 1700′s
http://tiny.cc/PHW99
Granted, it is more of a book review of Janet Gleeson’s Millionaire: The Philanderer, Gambler and Duelist Who Invented Modern Finance originally printed in 1999, but reissued last year…
@ mep great post!
so the big secret was ‘don’t worry be happy’?
pre-prozac attempts to outlaw american’s favorite pastime, complaining, always failed. Nowadays if you seem angry about being ripped off, you are deemed chemically imbalanced,
financially imbalanced is more like it.
@ Underfunded – Thanks. The Secret, is actually much worse than straight-up positive thinking.
This is but one review on The Secret. Read it and try to shake off the creepy feeling you’re bound to get.
I told peeps here that after I read Ehrenreich’s Bright-Sided: How the Relentless Promotion of Positive Thinking Has Undermined America, I’d tell y’all whether I thought is was worth reading. It definitely is.
@Bonn,
Thanks for posting that Jim Cramer show.
I find it very interesting that in the past the right wing show hosts have repeatedly attacked “conspiracy theorists” about the Tri Lateral commission, Bilderburg society, illuminati.
Now, they are coming out leaking bit by bit saying that, “well, yeah there is something going on but it’s for your own good and they aren’t that bad …..look who is in there the Queen of England….
It’s all designed to get people to accept what is here right now under their noses. Either it means that they figure it’s too late for anyone to do anything about it and they’d better accept it or they are very arrogant and have not understood what the common herd as they call us can still do. I guess it remains to be seen what the general populations can and will do globally.
Stacy, Max what is happening in Iceland?
Yikes! Kissinger backing and advising Hutchinson and Perry.
The UN and the carbon trading cabal is now in Austin Texas implementing the carbon tax structure. I’m hearing at 20% increase in natural gas for homeowners. Billions of dollars spent on implementing windmill farms and these are old green technologies. They are not going to be adequate for present needs or living standards.
@Mep and Underfunded.
This is very creepy.
I experienced this when I had breast cancer ten years ago You would have these people around you armed with these “books” that blamed you for the cancer you had. A positive outlook is very important in life but this goes much further than that. And it’s gotten worse.
I first thought Barbara Erinrich was being somewhat picky and prickly in her recent book, but now I see exactly what she is seeing and the full ramifications of this brainwashing.
I read the posted article the “Secret”…….it’s just perfect. You can blame poverty on the poor, sickness on the sick.
Lloyd Blankfein is not a criminal because he has so much money. He’s brought this to himself through having the right thoughts…..he attracted all that wealth to himself. Why, we could do that right now. Let’s all join hands…….
I used to be proud to be a banker…
http://www.telegraph.co.uk/comment/7112091/I-used-to-be-proud-to-be-a-banker.html
Ehrenreich, meant to say.
@Devcon
If banks go back to being what they were when you trained and worked in a bank you could be proud again. There still are some smaller banks around that are doing just that right now.
But the issue and problem here is a secret banking system that has now shown it’s face to us all . These “banks” have been in the global works for hundreds of years financing war and death. Manipulating soverign currencies, stealing natural resources. This is a monster we’re talking about.
Roubini Calls U.S. Growth ‘Dismal and Poor,’ Predicts Slowing http://tinyurl.com/yevhmaz
Housing `On Life Support’ as Foreclosures, Unemployment Thwart Obama Plans http://tinyurl.com/yf25x64
Six more regional banks fail, bringing U.S. tally for 2010 to 15 30 January 2010 (MarketWatch) http://tinyurl.com/y9ufecx
See also Failed Bank List: http://tinyurl.com/226vl3
L.A.-based First Regional closed by regulators – FDIC cost $825.5 million 29 January 2010 (MarketWatch) http://tinyurl.com/yla4vug
@ naomi – Have you read the book? Ehrenreich, in fact, begins it by speaking of her experience with breast cancer!
http://www.fimalac.com/home.html
@Phil:
Fimalac is a French company that operates Fitch. I wonder why you believe the US .gov is agent behind a French companies interests.
http://docs.google.com/viewer?a=v&q=cache:7JLfeVK7wVAJ:www.havas.com/havas-dyn/site/%3Fpage%3Ddownload%26file%3Dag_2009_ang1.pdf+fimalac+rothschilds&hl=en&gl=us&pid=bl&srcid=ADGEESjP7k6bSliIlvBPIxvJte_R4FI-5R2U_suD8u8K3qkHVk7BZJoFRHHFRFq1RGzNC-5GPUmSwjwcpVZrH-lPmAVnUzfxBfRjnGgrY5WReb2_FvDn6TjW6JrijTqN69djyFYovtSw&sig=AHIEtbTP9aggz2UWFzAn7LW_DFQp-B-55w
Board members: (David de Rothschild sits on the board)
http://investing.businessweek.com/businessweek/research/stocks/people/relationship.asp?personId=863848&ticker=FIM:FP&previousCapId=874249&previousTitle=L'OREAL
“Banks will deleverage and there will be a new form of global governance.”-David de Rothschilds
http://www.zimbio.com/David+de+Rothschild/articles/4/Baron+David+de+Rothschild+sees+New+World+Order
http://www.guardian.co.uk/world/2009/dec/08/greece-credit-rating-lowest-eurozone
“The Fitch rating agency cut Greece’s long-term debt to BBB+ from A minus . It marked the first time in 10 years that the country has seen its rating pushed below an A grade. The agency cited: “The weak credibility of fiscal institutions and the policy framework … exacerbated by uncertainty over the prospects for a balanced and sustained economic recovery.” It said the medium-term outlook was negative.The debt downgrade for Greece will concentrate Alistair Darling’s mind as puts the finishing touches to his pre-budget report. Darling has to present credible policies for reducing Britain’s budget deficit to head off investors’ fears about the UK’s debt.”
The rating agencies do not work for the government but for uber-rich elites, Phil. The play is a farce.
The ratings agencies collusion is behind the subprime meltdown: why are these same agencies still creating havoc?
Because the nations have been sold into debt by their leaders who also serve the uber-elite.
Krugman, the Keynes cheerleader, is a member of the G30.
@Mep,
I have not gotten the book. But I’ve been reading Barbara’s articles for a long time and knew of her bout with breast cancer. One the longest articles that I read of hers was “Nickle and Dimed” amazing work.
I’ve read reviews of this book and saw her interviewed on Jon Stewart…..so, I think it’s time for me to get the book!
In the article that I read around the time of her breast cancer she was making a point of the fact the cancer TREATMENT was big business and that the same corporations who were dumping chemicals into the environment (that are known to be cancer causing) are the same corporations who make the chemicals for chemo therapy! Isn’t that special!
She also made a point that when we saw the poliferation of the pink ribbon decals, teddy bears with the ribbons, gift baskets with stuff in them with the icon of the foundation for breast cancer research under the name of Brenda Koman (I think that’s the name) which has corporate backing you knew for certain that corporations producing chemicals were behind it all. Making breast cancer as sort of sisterhood, pink and white and cool. It’s to VOMIT!
Barbara really nailed it!
“Moody’s new report says that the context for sovereign risk assessment has changed dramatically since the beginning of the crisis in mid-2007. “This is mainly because of the crisis of public finances that has beset many rich countries in what Moody’s believes will be the final — and disturbingly long-lasting — stage of the crisis,” says Cailleteau.
Moody’s report provides a brief review of 2009, focusing on the rating agency’s interpretation of the challenging events that were triggered by the bankruptcy of Lehman Brothers in late 2008. The report then provides an outlook for 2010 and identifies the key themes which Moody’s believes will shape the state of sovereign risk in 2010.
“The overriding theme is that 2010 will at best see a ‘normalization’ and at worst a severe tightening in government financing conditions,” says Cailleteau. Long-term interest rates may increase more rapidly than expected, driven by the slow unwinding of quantitative easing. The end to exceptionally low financing conditions will expose the true cost of the crisis on government debt affordability across the world.
A further key theme is that Aaa governments will probably not have the luxury of waiting for the recovery to be secured before announcing and perhaps also implementing credible fiscal consolidation programs.
Moreover, as most governments simply cannot afford another financial crisis, they will attempt to ring-fence their balance sheets from selected contingent liabilities. “This could in some cases create disorderly market conditions,” cautions Cailleteau.”
http://www.finfacts.ie/irishfinancenews/article_1018682.shtml
We are IN FOR IT.
Who is Cailleteau?
http://www.spoke.com/info/pArOkty/PierreCailleteau
well if interest rates do go up at a rapid rate as per Moodys report, then they will be a massive rise in repossesions (foreclosures) in the UK.
People already have big morgage repayments based on the fact they were conned into thinking low interest rates were here to stay, with the steep rise in inflation we are seeeing in the UK at the mo and other rising costs, a interest hike will kill off many.
“Positive thinking” sucks. Ok, “positive thinking” positively sucks. There.
I never bought the idea. “Just stop thinking those negative thoughts, and you won’t be depressed. ” Reality is enough to make anyone depressed. *barf* Maybe the “depressed” among us are more able to see the true world.
How do I get an interview with Max?? I just found out about him the other day when someone forwarded me a link to one of his shows. He’s AWESOME!!! I would love to have a chat with him and explain what I call the Two Magic Questions. They are most intriguing to many, but so far no one who has a forum like Max wants to go anywhere near them! A ten foot pole? HAH! No one wants to touch these babies with a ten MILE long pole! I’ve tried to get on Bill Handel’s show- no joy. Tried to get on Alex Jones- no joy. Tried to get on George Noory- no joy. NO ONE that I’ve ever shown them to can give me a straight answer. All that I ever seem to get is some B.S. and harumphs mumbled under their breath. It’s because they cut straight through the crap and nonsense that everyone lives every day of their life.
Randy
JP versus Goldman? Sounds like a good vampire flick. Any chicks in it?
@JGIR – slow payments to doctors
The health reform bogged down in Washington DC is said to be a reform measure on insurers, but the reality is that it is more of a health insurer bailout.
I have previously posted on this blog that the health insurers appear to be counterparties to AIG credit default swaps on premium payments. I believe this was part of the impetus to pass “health reform”, but the Congress did not act fast enough to rush it by the people.
I am personally aware of doctors in Illinois who were still missing payment in November 2009 for clinical care rendered in February 2009.
In California, I am aware of many circumstances where the HMO’s siphon off Medi-Cal money and the actual care givers never see payment.
In the case of the FEDERAL H1N1 vaccines, it is clear that the vaccine distribution was very messed up.
In the case of insurance carrier claims management, it is also clear that the medical insurers have previously lost multiple state cases regarding their malfeasance. Yet, the issues have not been addressed nor corrected.
It is disappointing as a physician to see decades of US training and experience getting wasted by the onslaught of (1) foreign trained doctors who are dominating key contracts, (2) government intervention that has killed many doctors offices, and (3) the deaths of some doctors who were so hurt by the government that they died of the stress involved in maintaining compliance with the regulations.
I am disgusted with the behavior of the federal and state government, and I am fed up with CNN running more medical stories on Port-au-Prince than in our own inner cities.
I have stood in the ER’s as wounded Mexican gang bangers get blasted by the opposing gang. I have seen surgeons save these bastards from the Mexican mob, only to see them recover and shoot someone else. But, we doctors do our job and make the effort to save each person.
We lose our national sovereignty with borders as porous as the California-Tijuana border is.
We then lose our dignity as our children are introduced to the drugs brought north or, now, grown here for “medicinal purposes”.
While US trained, legitimate doctors lose their offices, the city of Los Angeles and State of California permits pot sellers to call themselves “clinics”.