Since 2001 more than 42,000 factories employing 500 people or more have closed in post industrial America.
If the bankers get America into World War III to boost the economy what will people do to win the war - sell insurance to each other and fry hamburgers?
Massive government spending contracts for the next war would be given to Americans with government contacts who would turn around and outsource the war materiel production to China and Mexico and India and Taiwan etc. Presumably our foe would be the entire Muslim world, whose birth rate projects to overwhelm the West and the East, and not just the fringes of it. By the way, it is absurd to be fighting Islam on the margins even as they move into the U S and project a de-stabilizing 50 million Islamic followers in 20 years. But our intel lacks intelligence.
Post industrial America would logically be trending downward toward the model of India, and the streets of LA and Houston and Miam - where it is warmer - will be swarming with hordes of abandoned children just like in Bombay or around Mexico City..
And the globalists will have achieved that global parity they have been striving for.
But there will still be a stock market as there is in India, where the satellites depict a bright glow of illumination compared to the blackness of much of Africa and Oceania.
The rich will go on.
Monday, October 4, 2010
Saturday, June 19, 2010
Monday, May 10, 2010
The Strange Nomination of Elena Kagan
President Obama has made an innovative choice by selecting Ms. Kagan as his Supreme Court Nominee. However, I believe that her selection was premature.
The judicial branch is not a college campus or a government agency, which are the areas where Ms. Kagan has her experience.
Judicial temperment and experience is one of the factors that should be weighed in evaluating a nominee to the highest court of the land. And this background is nonexistent in Ms. Kagan's life experience.
Judges who have served on the bench should develop a feel for how their rulings impact not only the judicial arena but the broader community as well. Ms. Kagan has issued no rulings. Her experience has been theoretical in essence.
I realize that by having no rulings or judicial record there is nothing there to throw bricks at. But that is a total cop out. I am disappointed that Obama, for whom I voted, selected a nominee with such a judicially vapid background. I also am concerned that her nomination leaves the court without any representation from the Protestant segment of our nation. Where is the diversity in denying diversity and inclusiveness - and I do not consider myself a Protestant.
This nomination is as if Obama did not take it seriously and nominated his wife Michelle. Though I have read Mrs. Obama may have let her law degree lapse.
There is a high strangeness coming over the land.
One area of expertise the President might have looked into was business law and regulatory law since the Congress itself and the White House have been most incompetent by dismantling such landmarks as Glassman - Steagall and allowing the SEC to abolish the uptick rule, the latter suspiciously just before the massive short selling during the late 2008 stock market sell off.
The nation has mountains of problems. right now. Out here in the West we look for men - and women - who can match our mountains.
Ms. Kagan seems like a foothill to me.
The judicial branch is not a college campus or a government agency, which are the areas where Ms. Kagan has her experience.
Judicial temperment and experience is one of the factors that should be weighed in evaluating a nominee to the highest court of the land. And this background is nonexistent in Ms. Kagan's life experience.
Judges who have served on the bench should develop a feel for how their rulings impact not only the judicial arena but the broader community as well. Ms. Kagan has issued no rulings. Her experience has been theoretical in essence.
I realize that by having no rulings or judicial record there is nothing there to throw bricks at. But that is a total cop out. I am disappointed that Obama, for whom I voted, selected a nominee with such a judicially vapid background. I also am concerned that her nomination leaves the court without any representation from the Protestant segment of our nation. Where is the diversity in denying diversity and inclusiveness - and I do not consider myself a Protestant.
This nomination is as if Obama did not take it seriously and nominated his wife Michelle. Though I have read Mrs. Obama may have let her law degree lapse.
There is a high strangeness coming over the land.
One area of expertise the President might have looked into was business law and regulatory law since the Congress itself and the White House have been most incompetent by dismantling such landmarks as Glassman - Steagall and allowing the SEC to abolish the uptick rule, the latter suspiciously just before the massive short selling during the late 2008 stock market sell off.
The nation has mountains of problems. right now. Out here in the West we look for men - and women - who can match our mountains.
Ms. Kagan seems like a foothill to me.
Wednesday, April 28, 2010
Globalists Have Bombed America - Islamist Extremists Don't Need To
World War II was an all-out four year war between the world's then leading economic powers. Global bankers hedged by financing both sides.
The current economic deficit is rooted in the all-out war against two Third World countries, neither of which could launch an attack against the U. S. unless the U. S. intelligence assigned a black op team to do it for them.
Moral and ethical corruption based on perpetual war set the stage for the poor moral climate that quickly spread into the wider economy itself. It is argued that World War II got the U. S. out of the Great Depression - but the costly War on Terror contributed to the economic slowdown and then collapse that is reflected in the current Undeclared Depression.
As for World War 2 being "classical Keynesian" that economic philosophy has inflation as an important component and as Keynes himself said:
"By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens."
Only this time the global banker consortium is only financing one side of the War on Terror since the opposition consists of ragged, desperate freedom fighters who are not running up debt to buy weapons of destruction.
Meanwhile, the government has allowed investment bankers and corporations to obliterate the American production capacity with greater devastation and accuracy than the Islamic terrorists could ever accomplish. Thank you Council on Foreign Relations, Trilateralists and all you investment bankers and government regulators. .
The current economic deficit is rooted in the all-out war against two Third World countries, neither of which could launch an attack against the U. S. unless the U. S. intelligence assigned a black op team to do it for them.
Moral and ethical corruption based on perpetual war set the stage for the poor moral climate that quickly spread into the wider economy itself. It is argued that World War II got the U. S. out of the Great Depression - but the costly War on Terror contributed to the economic slowdown and then collapse that is reflected in the current Undeclared Depression.
As for World War 2 being "classical Keynesian" that economic philosophy has inflation as an important component and as Keynes himself said:
"By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens."
Only this time the global banker consortium is only financing one side of the War on Terror since the opposition consists of ragged, desperate freedom fighters who are not running up debt to buy weapons of destruction.
Meanwhile, the government has allowed investment bankers and corporations to obliterate the American production capacity with greater devastation and accuracy than the Islamic terrorists could ever accomplish. Thank you Council on Foreign Relations, Trilateralists and all you investment bankers and government regulators. .
Tuesday, April 6, 2010
Intel Runs the Show
Our U. S. intel community vets and keeps a close eye on all politicians who seek the "highest office in the land) (disregarding its national security level is far below the top levels) and if Barry Sutoro were a threat to national security he would have been "offed" at the most or character assassinated in the least.
Considering how intel routinely leaks info (Spitzer) or sets up pols to fail (Gary Hart) one has to conclude that Barry Sotoro met the standards imposed by intel to qualify as a stage managed puppet.
I don't think the broader population will ever comprehend how badly our intel has taken over the U. S. and because of its highly concentrated and inbred management pool bungled everything. Whether Momon, Jewish or Brahmin, the intel inner concentric circles have shut out the wisdom and common sense that can only be supplied by the populist class, which seeks the broadest good for the greatest number.
Managing the country to benefit small economically privleged segments always leaves the country unbalanced and veering off on wrong courses.
Considering how intel routinely leaks info (Spitzer) or sets up pols to fail (Gary Hart) one has to conclude that Barry Sotoro met the standards imposed by intel to qualify as a stage managed puppet.
I don't think the broader population will ever comprehend how badly our intel has taken over the U. S. and because of its highly concentrated and inbred management pool bungled everything. Whether Momon, Jewish or Brahmin, the intel inner concentric circles have shut out the wisdom and common sense that can only be supplied by the populist class, which seeks the broadest good for the greatest number.
Managing the country to benefit small economically privleged segments always leaves the country unbalanced and veering off on wrong courses.
Thursday, March 11, 2010
Is Holding Cash a Specuclative Play?
Today the widely followed Joseph Shaefer issued a widely acclaimed article on how he is deploying assets. Eight thousand followes is a huge mark of success.
However, one eye catcher was the revelation he is 50 percent cash.
Cash can mean a lot of different things, but to most it means either money in the bank or in money markets, both of which are not yielding much right now.
I urged him to consider deploying that cash into Treasury bills because if the elites, the only ones with major residual wealth, do not prop up the folly fiat money issued by the private Federal Reserve then the looming dollar crisis will trigger huge losses in cash holdings.
After all, cash held in the U. S. is priced in U. S. dollars.
Of course, even the elites collectively are not large enough to shore up the huge black hole created by 97 years of central bank intrigue, incompetence and inability to publicly define what money is (Greenspan before Congress).
If the privately issued U. S. money supply is now too big to manage - which it seems it is - then I suggested a better alternative to cash is gold, which is produced by Gold Corporation and Kinross Gold, which were among Shaefer's equity picks.
If or when the looming dollar devaluation crisis comes to pass, gold will not so much go up in value as it will be repriced in more of the lower value dollars. That logically seems to make the precious metal a hedge.
Holding cash, which is denominated in private Federal Reserve Bank notes, would seem like a huge speculative play right now. If another huge market correction coincides this time with a dollar correction too then the cash won't buy as much as it did in March 2009.
Note: my brokerage account does hold a 10 percent cash position.
However, one eye catcher was the revelation he is 50 percent cash.
Cash can mean a lot of different things, but to most it means either money in the bank or in money markets, both of which are not yielding much right now.
I urged him to consider deploying that cash into Treasury bills because if the elites, the only ones with major residual wealth, do not prop up the folly fiat money issued by the private Federal Reserve then the looming dollar crisis will trigger huge losses in cash holdings.
After all, cash held in the U. S. is priced in U. S. dollars.
Of course, even the elites collectively are not large enough to shore up the huge black hole created by 97 years of central bank intrigue, incompetence and inability to publicly define what money is (Greenspan before Congress).
If the privately issued U. S. money supply is now too big to manage - which it seems it is - then I suggested a better alternative to cash is gold, which is produced by Gold Corporation and Kinross Gold, which were among Shaefer's equity picks.
If or when the looming dollar devaluation crisis comes to pass, gold will not so much go up in value as it will be repriced in more of the lower value dollars. That logically seems to make the precious metal a hedge.
Holding cash, which is denominated in private Federal Reserve Bank notes, would seem like a huge speculative play right now. If another huge market correction coincides this time with a dollar correction too then the cash won't buy as much as it did in March 2009.
Note: my brokerage account does hold a 10 percent cash position.
Tuesday, January 26, 2010
The Banks Drove Consolidation into Destruction
The bankers are the enablers.
In industry after industry in recent years you see a few chosen people being allocated the capital to gobble up everyone else.
Frank Stronach gobbled up race tracks across the country. Now in bankruptcy.
A very few media companies were funded to buy everyone else, to consolidate control. Even Gatehouse Media was funded to buy out hundreds and hundreds of smaller community newspapers. An independent, Media News led by the Denver Post's Dean Singleton, was just taken out by the banking consortium led by Bank of America.
Investment bankers began consolidating the past few years, with some then liquidated and the remnants reallocated among the few.
Smaller grocoery store chains have been absorbed by larger ones like Kroger.
This consolidation trend is driven by Wall Street and Fleet Street.
(Of course, Fleet Bank was itself consolidated into....was it Chase?)
In Denver in the space of about three years in the mid 90s seven independent hospitals were absorbed into one surviving public entity.funded by Wall Street.
Pick your industry....name your consolidations already.
Anyone can see the Orwellian, collective, totalitarian path being taken.
A healthy nation would be comprised of countless small human scale enterprises.
The banks won't allow that. They constantly allocate capital to just a few.
Look at how retailing was consolidated in the last century. And then how the few well funded retailers allocated advertising to the newspapers that were chosen to survive.
And the few surviving newspapers could shape public thinking...and acceptance.
Barriers were dropped on the limits on TV station ownership
Much easier to control three or four owners - and the the thinking they allow - than three or four hundred. Of course hundreds of independent TV owners exist don't they?....in the smaller markets.
Even Gatehouse did not buy every puny newspaper in America.
But would it if it could have? The money would have been there.
Until the rug was pulled.
This is not conspiracy. It is "Darwinian" economics. Big, protected fiat-money banks, driving out the weak, the unfunded, the unconnected
In industry after industry in recent years you see a few chosen people being allocated the capital to gobble up everyone else.
Frank Stronach gobbled up race tracks across the country. Now in bankruptcy.
A very few media companies were funded to buy everyone else, to consolidate control. Even Gatehouse Media was funded to buy out hundreds and hundreds of smaller community newspapers. An independent, Media News led by the Denver Post's Dean Singleton, was just taken out by the banking consortium led by Bank of America.
Investment bankers began consolidating the past few years, with some then liquidated and the remnants reallocated among the few.
Smaller grocoery store chains have been absorbed by larger ones like Kroger.
This consolidation trend is driven by Wall Street and Fleet Street.
(Of course, Fleet Bank was itself consolidated into....was it Chase?)
In Denver in the space of about three years in the mid 90s seven independent hospitals were absorbed into one surviving public entity.funded by Wall Street.
Pick your industry....name your consolidations already.
Anyone can see the Orwellian, collective, totalitarian path being taken.
A healthy nation would be comprised of countless small human scale enterprises.
The banks won't allow that. They constantly allocate capital to just a few.
Look at how retailing was consolidated in the last century. And then how the few well funded retailers allocated advertising to the newspapers that were chosen to survive.
And the few surviving newspapers could shape public thinking...and acceptance.
Barriers were dropped on the limits on TV station ownership
Much easier to control three or four owners - and the the thinking they allow - than three or four hundred. Of course hundreds of independent TV owners exist don't they?....in the smaller markets.
Even Gatehouse did not buy every puny newspaper in America.
But would it if it could have? The money would have been there.
Until the rug was pulled.
This is not conspiracy. It is "Darwinian" economics. Big, protected fiat-money banks, driving out the weak, the unfunded, the unconnected
Sunday, January 24, 2010
Time to shrink the Too Big to Fail
Great article on Seeking Alpha today. Totally agree Glassman-Steagall should be reinstated; regulators should regulate or be fired.
I do not see why shrewd investors outside Goldman Sachs (GS)continue to buy stock in a firm that hands all the profits - and then some - to its employees, and then stick the shareholders and the taxpayers with losses because managers did not retain reserves.
This continued buzz about front running and internal conflicts of interest should inspire fiduciaries to withdraw their trading funds from delegated money managers such as GS.
As for JP Morgan and GS benefiting from being the last ones standing, Jefferie Group (JEF) is now fourth largest with lots of upside potential.
It would be better for the markets if a whole bunch of boutique firms rose up to capture pieces of the business pulled out of GS and JP, a lot better. Then we would have a whole bunch of small firms that could easily be liquidated if they frick up.
These smaller firms could all be staffed from the "immense" talent that bails out of GS as its revenue and asset base is downsized to levels that are no longer Too Big to Fail (TBTF).
I am surprised that the TBTF banks have not been sued in federal court for unfair trading advantages related to their lower interest costs, which are clearly contributing to restraint of trade for its competitors. The federal government could be in violation of racketeerin g laws (RICO) with its preferential treatment policies. Just threw that in because RICO supposedly has a chilling effect.
It is clear that the big banksters and the government are guilty of racketeering, with the general public the class action victim.
Lack of litigation must reflect a feeling that the federal judges are too corrupt to rule against the insider elites
I do not see why shrewd investors outside Goldman Sachs (GS)continue to buy stock in a firm that hands all the profits - and then some - to its employees, and then stick the shareholders and the taxpayers with losses because managers did not retain reserves.
This continued buzz about front running and internal conflicts of interest should inspire fiduciaries to withdraw their trading funds from delegated money managers such as GS.
As for JP Morgan and GS benefiting from being the last ones standing, Jefferie Group (JEF) is now fourth largest with lots of upside potential.
It would be better for the markets if a whole bunch of boutique firms rose up to capture pieces of the business pulled out of GS and JP, a lot better. Then we would have a whole bunch of small firms that could easily be liquidated if they frick up.
These smaller firms could all be staffed from the "immense" talent that bails out of GS as its revenue and asset base is downsized to levels that are no longer Too Big to Fail (TBTF).
I am surprised that the TBTF banks have not been sued in federal court for unfair trading advantages related to their lower interest costs, which are clearly contributing to restraint of trade for its competitors. The federal government could be in violation of racketeerin g laws (RICO) with its preferential treatment policies. Just threw that in because RICO supposedly has a chilling effect.
It is clear that the big banksters and the government are guilty of racketeering, with the general public the class action victim.
Lack of litigation must reflect a feeling that the federal judges are too corrupt to rule against the insider elites
Wednesday, January 6, 2010
Our financial, political elites have committed treason
I did not vote for Shrub either time, which makes me smarter than those of you who did.
I hope your short term profits he (and Greenanke) made for you are worth the destruction of the country that sustained us so well for so long.
Back in 2006 I laughed at the Dartmouth economics professor who told us parents in Denver how wonderful globalism and the weakening dollar was for all Americans and how it made us all richer. All those well suited and well coifed parents nodded on while I, the guy with counter culture long hair and a sport coat, marveled at their dumbness.
Wilson Siu and some of you others fully grasp the big picture.
If globalism and free trade drive the value of our dollar to zero I say globalism and free trade are not reckoning with a real world in which all the players are not so abstractly noble and self-deceptive.
What good is a globalism and free trade policy that provides jobs for Chinese peasants while our citizens turn into peasants.
Let each country produce and consume for its own, and then export excess to where it is needed and wanted.
I am tired of globalists and world traders enriching themselves while destroying the livelihood and economic strength of we the people.
The foundation of our national defense is a strong economy - so our financial and political and Federal Reserve elites should be jailed and tried for treason.
I hope your short term profits he (and Greenanke) made for you are worth the destruction of the country that sustained us so well for so long.
Back in 2006 I laughed at the Dartmouth economics professor who told us parents in Denver how wonderful globalism and the weakening dollar was for all Americans and how it made us all richer. All those well suited and well coifed parents nodded on while I, the guy with counter culture long hair and a sport coat, marveled at their dumbness.
Wilson Siu and some of you others fully grasp the big picture.
If globalism and free trade drive the value of our dollar to zero I say globalism and free trade are not reckoning with a real world in which all the players are not so abstractly noble and self-deceptive.
What good is a globalism and free trade policy that provides jobs for Chinese peasants while our citizens turn into peasants.
Let each country produce and consume for its own, and then export excess to where it is needed and wanted.
I am tired of globalists and world traders enriching themselves while destroying the livelihood and economic strength of we the people.
The foundation of our national defense is a strong economy - so our financial and political and Federal Reserve elites should be jailed and tried for treason.
Monday, January 4, 2010
Goldman Sachs Should Not Have Been Pampered, Protected
Rolling Stone had every right to write a story about a complex financial issue that was so baffling the experts who got defrauded didn't understand it and thus it required a popular niche market entertainment publication to explain to them what happened.
If the Goldman Sachs moles and public agents in the government had not put a gun to the head of Congress to bail out the privately owned Federal Reserve Bank and Warren Buffett and Goldman Sachs and all the other sophisticated experts we would not have read your essay this morning You would have been writing about how much you miss the rugged individualistic Goldman Sachs that was put out of business by Neanderthal free market capitalism.
Which is what should have happened. Unemployment is now realistically 20 percent; there are millions of empty homes; federal income tax receipts are down 29 percent, the U. S. is being laughed at by totalitarian Russia and China and snickered at by Venezuela.
How did Saving GS save the nation from its present situation?
The entire banking system needed to start from scratch with a fresh balance sheet. The folk wisdom of the Old Testament demands a year of jubilee to wipe out unsustainable usury.
The people on the street will have to toughen up to survive - and if they turn to guns Goldman Sachs will lobby the White House to call in foreign troops. Instead, the unemployed should lobby the White House to disarm Goldman Sachs.
Instead, while the street people learn jungle survival skills and become lean and mean GS fat cats turn to guns because their brains and morals failed them - but all that government cream they get and the street people don't tastes so good and makes them feel fat and superior.
Our economic system truly died when the government artificially propped up a failed Goldman Sachs, thus insuring that the morally and intellectually over complicated (in reality) breed on and further weaken the economic species. Goldman Sachs should have been culled from the system, not rescued.
A predatory financial enterprise that had to be rescued was no different from a General Motors. Both had become bloated and inefficient and destructive to the broader economy.
Only GM is looked down upon for being blue collar and GS is supposedly so much better because it is white collar - with a lot of sweat stains.. And the blood of a deconstructed nation on its hands.
As for the New York Times turnnig against Goldman, it is about time they woke up and realized how much of their own precarious position can be traced to bad advice from money grubbing investment bankers.
If the Goldman Sachs moles and public agents in the government had not put a gun to the head of Congress to bail out the privately owned Federal Reserve Bank and Warren Buffett and Goldman Sachs and all the other sophisticated experts we would not have read your essay this morning You would have been writing about how much you miss the rugged individualistic Goldman Sachs that was put out of business by Neanderthal free market capitalism.
Which is what should have happened. Unemployment is now realistically 20 percent; there are millions of empty homes; federal income tax receipts are down 29 percent, the U. S. is being laughed at by totalitarian Russia and China and snickered at by Venezuela.
How did Saving GS save the nation from its present situation?
The entire banking system needed to start from scratch with a fresh balance sheet. The folk wisdom of the Old Testament demands a year of jubilee to wipe out unsustainable usury.
The people on the street will have to toughen up to survive - and if they turn to guns Goldman Sachs will lobby the White House to call in foreign troops. Instead, the unemployed should lobby the White House to disarm Goldman Sachs.
Instead, while the street people learn jungle survival skills and become lean and mean GS fat cats turn to guns because their brains and morals failed them - but all that government cream they get and the street people don't tastes so good and makes them feel fat and superior.
Our economic system truly died when the government artificially propped up a failed Goldman Sachs, thus insuring that the morally and intellectually over complicated (in reality) breed on and further weaken the economic species. Goldman Sachs should have been culled from the system, not rescued.
A predatory financial enterprise that had to be rescued was no different from a General Motors. Both had become bloated and inefficient and destructive to the broader economy.
Only GM is looked down upon for being blue collar and GS is supposedly so much better because it is white collar - with a lot of sweat stains.. And the blood of a deconstructed nation on its hands.
As for the New York Times turnnig against Goldman, it is about time they woke up and realized how much of their own precarious position can be traced to bad advice from money grubbing investment bankers.
Subscribe to:
Posts (Atom)
