Stacy Summary: Alas, not the JP Morgan “consultant,” Tony Blair . . . but Tony Hayward, he of BP infamy.
- Criminal probe opened into BP, could Tony Hayward face jail? (SH – my answer: um, no, that’s not the way oligarchy works, but it will make for an awesome show trial that ends in ‘not guilty’ verdict)
- Finnish police probe theft of virtual furniture
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(SH – my answer: um, no, that’s not the way oligarchy works, but it will make for an awesome show trial that ends in ‘not guilty’ verdict)
historically how do they end?
What I’m trying to say is the difference is not between the US and Europe but between the Northeastern part of the US and the Southern Part of the US. Stacy and Max are from the Northeast. I believe gay marriage will be legal in every Northeastern state except Pennsylvania within 5 years and it will it will also be in California, Washington, Oregon, Hawaii and maybe Illinois my homestate. It already is in New Hanpshire, Connecticut, Mass, Vermont and in Maine it lost by only a 52-48 margin. The two R’s continue to divide the US. The Southern states will likely take many more years.
@Marc – there is no way ever that BP will ever have to fork over that much; I predict it won’t be any more than 999 million; it’s the principle that matters here for ‘free market capitalism’ . . . must not succumb to the socialism whereby corporations must pay for the cost of their business
American investors: Predictably stupid losers http://www.marketwatch.com/story/american-investors-predictably-stupid-losers-2010-06-01
H-P to invest $1 billion in automation, cut 9,000 jobs http://www.marketwatch.com/story/h-p-to-cut-9000-jobs-in-automation-strategy-2010-06-01
May 38,810 Job Cuts http://www.reuters.com/article/idUSTRE6512EN20100602
Not that you can really put a cost on a disaster like this but I think we will see realistic figures when the total is around a trillion.
BP total cost of their fiasco in the gulf of Mexico ?
37 billion !
http://www.zerohedge.com/article/cs-sees-total-bp-oil-spill-cost-37-billion-eat-3-years-free-cash-flow-will-require-10-rise-g
@Stacy
“Tonight it was still in international waters about two days from Gaza, carrying a consignment of aid and 19 activists and crew, among them five Irish nationals, the organisation said.”
http://www.guardian.co.uk/world/2010/jun/01/irish-aid-boat-gaza-israel-warning
That article was written yesterday so I guess Thursday night.
European Producer-Price Inflation Accelerated in April on Oil http://www.bloomberg.com/apps/news?pid=20601068&sid=aeE9umIJ6bvg
@ Danny: “I think things are gonna get violent down there.”
You mean to ask: “Will the “little people” start playing by rules of the “elites”; will they “play” like dirty f*#king criminals – i.e. like corporate fascist-mafia ceos, executives, banksters, eunuch-politicians, et al who will do **anything** to get what they desire -?”
@Danny – when is the Rachel Corrie scheduled to land? or at least move out of international waters, as if that matters
For the Travellin’ Gamblers
Las Vegas Sands Says Singapore Site to Top Estimates http://www.bloomberg.com/apps/news?pid=20601109&sid=asIMlZ5jxw9E
Hi hope the Finish police find out who stole those virtual couches. If there’s any justice, those people’s should have their avatars behind bars for a long time.
first it’s up – now it’s down
Japan stock markets began the day up – but end the day down – all due to Hatoyama’s resignation
(have the little people figured out the scam? are business journalists absolutely clue-less? )
http://www.bloomberg.com/apps/news?sid=aoiL1gOkKFqk&pid=20601087
@Read More: 10 Disastrous Mistakes BP Made Before The Deepwater Horizon Exploded
Whats the big deal with BP not having to prepare a “Detailed environmental analysis” or an “oil spill plan”.
In my experience these are the type of regulations that are addressed with a form document and never acted on anyway. Government regulators would never check compliance. If a new guy or old hand is silly eneogh to ask questions They are shown the door
@Read More: 10 Disastrous Mistakes BP Made Before The Deepwater Horizon Exploded
Whats the big deal with BP not having to prepare a “Detailed environmental analysis” or an “oil spill plan”.
In my experience these are the type of regulations that are addressed with a form document and never acted on anyway. Government regulators would never check compliance. If a new guy or old hand is silly eneogh to ask questions They are shown the door
Gazilla!!!!!!
Climate fraudsters getting desperate!! http://www.wired.com/magazine/2010/05/st_essay_sciencepr/
see also: http://www.kansascity.com/2010/06/01/1984276/scientists-decry-attacks-by-skeptics.html
Irish aid boat holds course towards Gaza despite Israel warning
MV Rachel Corrie avoided capture during flotilla raid but Israeli lieutenant says ‘we will be ready’
http://www.guardian.co.uk/world/2010/jun/01/irish-aid-boat-gaza-israel-warning
@marc
You could list all sorts of things. One thing links into another. Its utterly terrible. The magnitude of this disaster is being grossly underplayed in my opinion.
@Dedo
Yep, It’s all due to Neo-Liberalistic Fundamental Predatory Market De- regulation which has opened the Shark Cage for hedge funds etc.. http://www.youtube.com/watch?v=50dVhd4dmp8
Aint a corporation a granting of monopoly? Lets make the BP shareholders pay up, cos lets face it that involves everybodys pension fund. That justice you recon?
@Youri,…..Tis all going to plan,..these folk certainly know what they’re doing !
Quite impressive, the sheer organizational aspects of it all,..don’t you think?
I’m not condoning it, by any stretch of the imagination,..but you get my gist!
Food prices have gone up dramatically trough speculation on the commodities future market.
MUST SEE!: Global food bubble on the way? http://www.youtube.com/watch?v=344elODZbAY
The financial deregulation of 2000 caused more players entering the market like hedge funds pension funds etc. In the past you had to hold the actual food but that has been de-linked. You don’t need to hold the food anymore it’s jus OTC paper now.
In the 18 months between between Jan 2007 – Jan 2008 rice went up 320%,Wheat went up 240%, Mais 280%. Which are all crazy food price increases! These price increases have nothing to do with the production or the demand of food but are purely speculative driven. This created a commodity bubble. In June 2008 the commodity bubble bursted and food prices collapsed. But since March 2009 we say food prices rising again for the same reason.
The OTC -Food market is acting like any other market now, very unpredictable and not of any help to farmers for knowing what to plant next year or consumers for that matter.
@Danny
Never mind real estate. The health. Terrible.
You could maybe make him eat some good benzene is his Kellog’s corn flakes ? Fantastic for giving all sorts of superb cancers. Hey Tony ! Eat oil !
@stacy
Wha!!!??? I think you just doublespeaked your way into a corner! hahaha!
But seriously, whats gonna happen to all those people living on the gulf? Whats gonna happen to the value of their homes? Whats gonna happen when the fishing industry collapses? Isn’t there a massive port at Louisana for oil tankers? Whos gonna want to see them there? Are people gonna get up and leave out of necessity; where will they go? Matt Simmons claims it would be 24 years before all the oil would spew out. Just imagine the effects that would have.
I think things are gonna get violent down there. The US milatary has already said it wants nothing to do with it however.
Meanwhile…
EU Launches “Twenties Project:” Largest Industrial Energy Project Ever
http://tinyurl.com/2uzlfbn
Stress Relief lol Stress Relief lol ha ha haaaa
To Quote a quote FoFoa has quoted lol……….
“Could this be the last weekend of the single currency? Quite possibly, yes.”
but is it true?
http://fofoa.blogspot.com/search?updated-min=2010-01-01T00%3A00%3A00-08%3A00&updated-max=2011-01-01T00%3A00%3A00-08%3A00&max-results=25
@Youri – http://www.klokkenluideronline.nl/artikel/4119/max-keiser-stop-drinking-coca-cola.html
Stacy Herbert is correct – nothing but a show trial (for now…).
Japan Prime Minister Hatoyama quits -after only 10 months in office. Japanese stocks are up. American bases are still in.
http://www.bloomberg.com/apps/news?sid=apa6aDajzkwg&pid=20601087
Hotoyama’s campaign promise was to boot some of the many USA military bases off of Okinawa*. Once in office – he “reversed his position” and allowed the American bases to stay put (last month or April).
Of course this is not the real reason he was “forced” to resign – because he is obviously a third-rate liar, therefore a first rate politician -as even though he’s out – the American bases are still in – and will be (what can the real powers of Japan do – the decision was made by somebody else – and can not be re-reversed-the politician responsible for it has “moved on” and so no one can be held responsible)
Real reason: Hatoyama’s wife spoke publicly of her UFO-travels, and wonderful racist western media reported on her alien-adventures, thus bringing “great shame” to Japan (do racist hack journalists in the West ever publish embarrassing details on lives of their in-the-club politicians -hell no). So B.S. pretext to placate the “little people” was the USA bases.
*(islands south of Japan proper of the Ryukian peoples -who are not now, nor have they ever been ethnic Japanese -and occupied by Japan for a few centuries now; promised “liberation” after end of WWII only to be stiffed by first rate politician “Jimmy Carter” who re-enslaved them to Japan in 1970s. Its where most American military are located – away from Japan proper)
@Danny – this is a clash of perhaps one too many doublespeaks; let’s try to get this straight; so, normally, to have BP pay the true costs of their operations is considered ‘anti-capitalist’ (as iterated by the congressmen and women I have heard speak out against a cap on liabilities); so with the case of a mega-corporation, the ‘socialism’ of the taxpayer picking up the costs (both direct and indirect) for their toxic spills would normally be considered ‘free market capitalism,’ with the proviso that said taxpayer funding must only be applied to a corporation with a market cap of more than 16.43 billion US dollars at 2007 exchange rates . . . . however, with someone who is even more extreme than every other free-market fundamentalist in the White House before him, but, in this case, as a black he is a ‘socialist’ of the first degree (rather than the second degree which only applies to state aid to corporations, third degree is state aid to military) . . . so, with that, this gives us the square root of socialism, or wait, is that the first rule of the double negative of the doublespeak on socialism? anyway, so, basically, yes, perhaps it could bring down the government!
@Danny,…..This to go with your prognostications,…: )
http://www.washingtonsblog.com/2010/04/is-plan-to-replace-dollar-with-sdrs-and.html
This BP saga,…is it the prelude to the conglomerate of austerity measures being forced upon the populace ?
Deliberate,……never !,…..: )
Stacy, I’m shocked. Goldman must have ‘mystic meg’ working for them. They are soo lucky.
Y’all hear the Matt Simmons interview on Financial Sense? this is from Mike Ruppert:
“This is going to be a nasty, nasty catfight and the legal and political ramifications of Deepwater Horizon will – I am very confident — eventually bring about the collapse of the United States government. They will certainly bankrupt it (sooner) and force it into default. Political collapse is the third stage of overall collapse (Orlov). It was coming anyway. It’s just going to get here a lot sooner now. Social collapse will begin as soon as the people from the Gulf coast become refugees.”
BP is experiencing a controlled devaluation – I wonder who will pick up the fire sale assets?
That was good timing. It looks like Goldman sold 44% of its BP holdings in the quarter prior to Gulf ‘spill’ http://moneycentral.msn.com/ownership?Holding=Institutional+Ownership&Symbol=BP
The Gazilla Attack…….Israel’s Actions Were Entirely Lawful Though Probably Unwise.
http://www.huffingtonpost.com/alan-dershowitz/israels-actions-were-enti_b_596285.html
Yeah….they would never do anything illegal.
Illinois Brandon: Regarding European misconceptions about the USA.
You might be correct although personally I regard secularism and athiesm as religions too, but with transposed rituals and places of worship. I regard US citizens who claim to not be religious tend to fanaticise about other things with the same fervour… not wanting to generalise too much
Here’s a glimpse of the secret life of Marc,…
http://www.youtube.com/watch?v=PmdqFe2URnU
@FiatMentalist,…..Marc doesn’t need “the Sauce” to “act” crazy,..it’s innate in the old fool !,…; )
You on the sauce again Marc? Or maybe lay off those links that Bonn posts, hes into mind control dont ya know!!
@FiatMentalist
Not just legal. Real knifes too. And much much more.
i just wonder did they do any virtual search, and how about putting virtual characters in virtual jail? haha
what a waste of resources …what Finnish police do ..
investigate virtual furniture and raid over 300 garden supply customers home suspicion of growing cannabis, even many of them did not grow any weed, chillies etc stuff instead ..
one case was in news too, one guy went to garden supply store, he purchase PH- down powder. He came out from store, 2 civil cops took him and raid his flat, his wife and children was at home too. He was growing chillies
So if you go to garden supply store and buy something, beware, cops might come and raid your house!! SO NICE!!!
In other hand, rapers, killers and all other crazy violent people can just do what ever they want and real criminals. Go Suomi GO
i should do police report about Jyrki Katainen ( Finnish minister of finance) ;
abetment of financial terrorism.
The day some form of cyber crime has a real world effect on the economy will be an interesting legal day indeed. Considering the vast majority of “real” money is held as accounting entries anyway. Somebody somewhere is sharpening legal knifes.
Sorry,
Am I turning this thread into a psych session?
Hehehe.
@Bonn
Hahhaha
Yeah, If me mum smacked me sis or me bro, she would smack me too, to be fair.
She is a very fair minded woman
@Illinois Brandon
Yeah it’s dominated by GOD. Guns Oil and Drugs.
@illinoi Brandon,…I’ll have a wager, that all the worlds population will, somehow be following “one” religion in years to come ! : )
Just a hunch,…
In a generation the Northeast and the West coast will be look very simliar to Europe right now in terms of religion. The South will be devout and the midwest will be less religious but in the middle.
@Stacy,…The ebb and flow of life huh!,…: )
The thing about virtual property is its all owned by the software developing company. The users would have had to agree this to use their servers. Its all refunded by a check of the logs and a click of the button. This is really Login thievery.
Warcraft made selling their virtual property against their terms of use, rumours persisted that one of the sellers of warcrafts virtual property was warcraft itself. We all know what making stuff illegal does to the price.
http://www.youtube.com/watch?v=xfKhDiUNOG0
@Illinois Brandon …”.a quarter of Americans under 25 have no religion at all.”…thank god for that
One of the great misperceptions that Europeans have of us Americans is that the US is dominated by religion. This is simply not the case. I’m 28 and a quarter of Americans under 25 have no religion at all. Americans with no religion doubled from 7 percent to 15 percent in just 20 years from 1990 to 2010. I would say right now about 1/3 of the population attends church weekly and about 1/4 of those under 30 do. These numbers are higher than Europe but the US is hardly becoming a Theocracy. Young americans in the Northeast and the West have regular church attendance of less than 20% and over a third at no religion at all. The South remains very religious but even that has fallen.
“Finnish police probe theft of virtual furniture”
Why not? It’s like money in the bank account, virtual – just records in a database. If someone steals that, it would be investigated by police…
@Dedo – LOL! I bet @Mike/Liverpool shrieks “I’m dying!” every time he exhales
@Dedo…”¡Yo quiero Taco Bell!” …Gold getting killed
http://weblogs.cltv.com/entertainment/tv/metromix/Taco%20Bell%20Dog-thumb.jpg
@Danny….more to the point Ratigan is seen as Righteous fury for the people…… can’t get him dirty with foreign policy.
@Mike von Loverpill,….I don’t know how you deal with the constant stress! Those moves,…..up and down,..and up and down,…constantly,..
Bit like breathing,…in and out,..in and out,……so fking annoying ! : )
Gold getting KILLED!
Mike
@Palentiri,….I think you’re right!,..it’s called bringing remedy to the situation, prison being a privilege the courts are obliged to enforce if either one of the parties are unable to settle.
That’s just off the top of my head,..if there is someone out there that knows for sure! ? : )
This was on bloomberg his morning…..Just in case you didnt hear SEC will take payout from goldman as long as SEC drops the word FRAUD….also no piggy back lawsuits.
Isn’t a “settlement” the way the court system works in America when it comes to big companies and they’re associates? No verdict at all just a pre-agreed deal of a small cash sums to change hand… almost as if it were bribery to escape the legal proceedings…
@Danny…hard too say..matbe he would have responded the same and the MSM wanted to prevent him from looking like he was following orders.Saving him for something else…..???
Goldman Sachs economist Jim O’Neill “The China-U.S. economic outlook is simply way more important than all this European stuff,”
@dan valley
Any explanation why Ratigan wasn’t on his own show? Why was Spitzer in there? Would Ratigan have ‘rebelled’?
Theft is theft,..I mean,…..if the PTB have to hold their hands up,and be punished for caption and asportation,..I’m sure it must hold up for Joe baggo doughnutee,..: )
Fair is fair !
Ha! Well said as always!
In re: Retraction of the Money Supply
The bankers have employed the same play for centuries
Here is how it works
First they flood the market with easy money; then they retract the money supply, (which was done this time via the rules of TARP & Basel II, etc).
When the money supply is retracted, corporations cannot fund their manufacturing. Thus, they have to lay off
Once everyone is in bankruptcy, these same bankers come in and swoop up all the assets for pennies on the dollar!
Check for yourself: The FED retracting the money supply 3 times in the 1930′s, and each one caused massive bankruptcy and depression.
The Bankers are the crocodile under the tree coaxing you to come down for a bite to eat! It has always been that way – But don’t expect to read about it in your history books; history books written by the US Council on Foreign Relations!
@Danny…saw that …..he really dropped his pants on that one.
Glenn Greenwald tears Eliot Spitzer a new one. I can’t believe Eliot Spitzer here. He might be the man against Wall St. but he’s a f**kin shill here. Disgusting and appalling.
http://www.salon.com/news/opinion/glenn_greenwald/2010/06/01/spitzer/index.html
U.S. high court allows $600mln class action against PIMCO” <> http://ow.ly/1SOU7
Is-real sez its fighting WW2 !
http://news.sky.com/skynews/Home/World-News/Gaza-Israel-Ambassador-Michael-Oren-Compares-Flotilla-Raid-With-World-War-Two/Article/201006115641884?lpos=World_News_Carousel_Region_0&lid=ARTICLE_15641884_Gaza%3A_Israel_Ambassador_Michael_Oren_Compares_Flotilla_Raid_With_World_War_Two
Mike
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That bloody virtual furniture.
I busted my ass sitting on a virtual sofa once.
Fell straight through.
=======
All American made virtual furniture is beyond shoddy. However, the full takeover [but outside sovereign wealth funds etc ...] of the companies that run these virtual worlds has not taken place. So expect shoddy furniture for years to come.
Oiligarchy
@ Mini US
“Just in Case”
Russell Peters, Beating the kids
http://www.youtube.com/watch?v=xzKHQX59Wso
lolololololol
ROFL
Hic
@Crative Destruction
“You Just Had On 10 Minutes Of Pro-Israeli Propaganda Filled With Falsehoods!” Glenn Greenwald http://www.youtube.com/watch?v=SOcAF-6ASfQ
@Danny
My mum used to practice pre-crime prosecution.
She’d wack me IN CASE I did something wrong.
The Rachel Corrie still on its way to Gaza, with 5 Irish on board. Here are their names and bios.
http://palsolidarity.org/2010/06/12648/
. . . shit, I have to go to bed. Just thinking about corporations and multinationals makes me feel like a freaking socialist commie. (does that translate into Marxist Nazi?) i say we bankrupt them all and start over from scratch. they’re all guilty of something and owing massive fines, back taxes, etc. to multiple countries anyway.
With pre-emptive wars, and now the stealing of something virtual (doesn’t really exist) we’re not too far away from pre-crime prosecution. Arrested for a crime that doesn’t exist! Don’t scoff, I’m telling ya, its coming!
I’ve only met one Finnish lad before. He was (is?) working in Cork in helping the unemployed get a job and he had this big long name that I couldn’t pronounce so I just ended up calling him Mika Hakkinen (http://en.wikipedia.org/wiki/Mika_H%C3%A4kkinen) for the night. So his real name didn’t exist either! Boy…that was a fun night.
No way. Tony is a comporate piece of UK multinational scum. And as you know the British hooligans rape, murder, plunder, make illegal wars, colonize, steal and pollute without impunity. Fundementally this nazi well get away scotch free. No chance of prison, specially in that fuckin USA banana republic, that trird world country runned by a third world elected dictator. American desserves what’s coming, And worse. Anyways don’t forget. Corporate UK and corporate USA dream of night and day of China, pollution included.
@ stacy – oligarchy aside, isn’t BP the UK’s #2 corporation? I get that our governments are cozy and all, but wouldn’t prosecuting and bankrupting BP be a good thing, relatively speaking, for US oil companies?
Oh, that would be long lawlessness, short lawfulness.
Its all a load a bull.
Bingo!
CDS’s on lawlessness.
I’m gonna short lawlessness and make a bundle.
It is getting hard to define crime at present.
Was it Buffett that said its illegal if you get caught?
I know Max has quoted it once or twice.
I mean, the police are corrupt, the courts and judges are corrupt, the regulatory agencies are corrupt(or stupid), the lawmakers are corrupt.
So, do laws actually apply at all?
To anyone?
That bloody virtual furniture.
I busted my ass sitting on a virtual sofa once.
Fell straight through.
So much of finance is fictional. If you look at the history of finance it’s one fabrication and fraud after another. Why do the people keep buying into the same rigged markets? The same ponzi currencies? The same development of oligarchies? And then finally the same large scale military conflict to come along and erase the board so that a new game can begin.
Insanity.
Legally, the theft of the virtual furniture is not the crime. No nation on Earth could make it so, as it is beyond ridiculous.
As Interpol does have a somewhat standardized definition for a lot of cyber crimes — and definitions that have been generally adopted by ISPs — the crime must meet the more classical set of constraints : password or login theft.
It is the login theft that gets people.
I must also add that the ITU does also have its own definitions separate from Interpol, but that the two entities largely don’t have wildly differing cyber crime definitions.
Also, the it must be a crime either in the originating domicile or target domicile or something like that. International circuit carriers are immune from consideration for well considered legal reasons.
Wow, insurance companies will thrive by insurring virtual property. Maybe they can create derivatives based on commodities in virutal worlds! Wow, infinite possibilities!
Goldman Sachs Wake Up!
Kids these days with their virtual vandalism!!! When I was a kid we stole real furniture from our real neighbors and we had to walk it up hill in the snow and we liked it! And when we were caught we didn’t go to no virtual juvenile hall, we went to the real juvie and we liked it.
God damn whippersnappers.
Finnish police probe theft of virtual furniture
Whaaa ????????
Shakin me head and walkin away
Hic
Paul Craig Roberts op ed piece about the Isreali killing of activists and America’s response:
http://coyoteprime-runningcauseicantfly.blogspot.com/2010/06/paul-craig-roberts-americas-complicity.html
http://www.youtube.com/watch?v=G4sM323793A