The straight, white guy Sean Penn was in San Francisco last night. He was celebrating the world premiere of "Milk" at the Castro Theater. Penn played the part of the slain homosexual activist Harvey Milk. How straight is Penn? Well he actually married Madonna. Now that's gratitude . But it certainly wasn't customary. When Madonna finally caught her breath she divorced him and went on to bigger and better with the NBA. She also earned her own personal homosexual credentials along the way.
Mayor Newsom was there pressing the flesh. There was talk of maybe using a shirt sleeve to trick Newski into getting more than he bargained for. But best not to compromise Gav who is the"go to guy" when human evolution needs to be turned on its head.
Wednesday, October 29, 2008
Tuesday, October 28, 2008
Wall Street Journal: Out Of Touch
Sinclair Lewis' character Elmer Gantry said, " I know there is a god because I've met the devil". Which makes me think about the Wall Street Journal. First, the name misses. More acurately it should be titled the Wall Street Urinal because of its pissing on the "better angels" of our culture. For example , today the lead editorial cheers our former Yale cheerleader Bush for the U.S. commando strike inside Syria. Never mind that we are losing in Iraq, Afghanistan, Pakistan let's double down and get in a hot war with Syria also.
I think the Urinal is out of touch. The old Wall Street mantra is that "war is good for business". That may be a fact if you win the war. But losing wars is not good for business.
I think the Urinal is out of touch. The old Wall Street mantra is that "war is good for business". That may be a fact if you win the war. But losing wars is not good for business.
Friday, October 24, 2008
Money For Mexico ?
Our very own insect/alien, Secretary of State Condi Rice just told Mexican Foreign Secretary Patricia Espinosa, " ...that the $400 million for Mexico's drug cartel wars is a priority with the United States". The American taxpayer money is for planes and police training. Planes, police training? Why can't the Mexicans fight the drug cartels hand to hand? They can work off their excess population and save us some bucks.
Mexico and a whole lot of other foreign aid parasites are going to learn how to live with less or no help from the U.S. .
CHARITY BEGINS AT HOME.
Mexico and a whole lot of other foreign aid parasites are going to learn how to live with less or no help from the U.S. .
CHARITY BEGINS AT HOME.
Thursday, October 23, 2008
Stock Market & Money & Master & Slave
The stock market cries , " More money, I need more money". It writhes like an addict for more liquidity. The former masters of the printing press now become the slaves to the wanton consumer philosophy. The masters which include the legislative, executive and judicial branches of government are slaves themselves to the commercial greed of Wall Street and the wasteful ways of many of the electorate so they dutifully pass out more "free from responsibility" placebos. Get a life jerks.
Wednesday, October 22, 2008
How About a Slow And Local Nation?
Because it's the fate of the frivolous primate to relive unheeded history, how soon will the U.S. and the world reaquaint itself with the depths of another depression?
After the 1929 Crash and the subsequent 20% unemployment , the 1930 Smoot- Hawley Tariff Act was passed to create and save jobs for unemployed Americans. The Act raised tariffs on 20,000 imported goods. Business was against the legislation and over 1000 economists signed a petition urging President Herbert Hoover not to sign it. But he did and trade between the U.S. and others plunged 50% between 1930 and 1932 because other countries retaliated.
The prospects of a President Barack Obama pushing protectionism legislation through a rabid democratic Congress is certainly not farfetched. There are all kinds of policies that can kill jobs and exacerbate a financial downturn. Tax code and environmental policies attached to trade agreements can have the same effect as tariff increases. Of course a reduction in worldwide business activity would bring some benefits. The environment would have less destructive pressure put upon it. Also we here in America would have less melamine-laced pet and human food imported from the filthy Chinese.
A slow and local nation approach would bring relief from the dollar chase of of other peoples values.
After the 1929 Crash and the subsequent 20% unemployment , the 1930 Smoot- Hawley Tariff Act was passed to create and save jobs for unemployed Americans. The Act raised tariffs on 20,000 imported goods. Business was against the legislation and over 1000 economists signed a petition urging President Herbert Hoover not to sign it. But he did and trade between the U.S. and others plunged 50% between 1930 and 1932 because other countries retaliated.
The prospects of a President Barack Obama pushing protectionism legislation through a rabid democratic Congress is certainly not farfetched. There are all kinds of policies that can kill jobs and exacerbate a financial downturn. Tax code and environmental policies attached to trade agreements can have the same effect as tariff increases. Of course a reduction in worldwide business activity would bring some benefits. The environment would have less destructive pressure put upon it. Also we here in America would have less melamine-laced pet and human food imported from the filthy Chinese.
A slow and local nation approach would bring relief from the dollar chase of of other peoples values.
Thursday, October 16, 2008
Wall Street Debacle: A Madame Defarge Moment
Madame Defarge smugly knitted while the guillotine decapitated the French aristocracy in Dicken's " A Tale of Two Cities". Likewise some of us indulge in schadenfreude as the " masters of the universe" on Wall Street are dying from a thousand financial cuts from the falling Dow Jones Averages. The peers of Wall Street like the nobility of France are and were the bigger losers.
Tuesday, October 14, 2008
Paul Krugman & Nobel Prize : Money For Free
"What goes around comes around".
And so the example set by wasteful governments of spending money foolishly over the years has trickled down into the private sector. Take the recent example of The Royal Swedish Academy of Sciences. They administer the Nobel Prize every year. This year the Nobel Prize for Economics and its $1.4 million cash prize was awarded to Paul Krugman of Princeton University and he is also a N.Y.T. columnist.
Mr.Krugman's acclaimed thesis dealt with the reasons why people like to choose from a diversity of products . And also what determines where a manufacturing plant should be built. Krugman wrote thousands of pages since this 1979 brainstorm was posited by him.
Pardon me Paul, but wouldn't this rhetorical question about a desire for choice be more to the point, " Why does the chicken cross the road ? ". And concerning the optimum location of manufacturing plants, you should just recall what Bonnie and Clyde said why they robbed [went to ] banks. " Because that's where the money is !".
And so the example set by wasteful governments of spending money foolishly over the years has trickled down into the private sector. Take the recent example of The Royal Swedish Academy of Sciences. They administer the Nobel Prize every year. This year the Nobel Prize for Economics and its $1.4 million cash prize was awarded to Paul Krugman of Princeton University and he is also a N.Y.T. columnist.
Mr.Krugman's acclaimed thesis dealt with the reasons why people like to choose from a diversity of products . And also what determines where a manufacturing plant should be built. Krugman wrote thousands of pages since this 1979 brainstorm was posited by him.
Pardon me Paul, but wouldn't this rhetorical question about a desire for choice be more to the point, " Why does the chicken cross the road ? ". And concerning the optimum location of manufacturing plants, you should just recall what Bonnie and Clyde said why they robbed [went to ] banks. " Because that's where the money is !".
Sunday, October 12, 2008
Cultural, Financial & Poor Semantics Bottom?
One thing good about hitting bottom is that the next vector is assuredly up. Hopefully The U.S. and world financial meltdown will usher in a more sane use of laws, money and words.
A sane use of laws and words would include more regulation of the financial markets. This would offset the criminal provisions of the Commodity Futures Modernization Act Of 2000. The Act allowed the constructive legal-criminal swindle by Wall Street investment banks via the Acts provision that " specifically banned regulation of credit default swaps" and "over-the-counter energy trades and trading on electronic energy commodity markets". The notion that the Act and its verbiage orders no regulation is somehow legal and a worthy piece of regulation is an oxymoron on its face. This Act led largely to the collapse of Wall Street and $147.00 oil . It endangers economies worldwide. Words do matter. Laws do matter. Political correctness and the misnamed Commidity Futures Modernization Act lead to the wrong conclusions.
The financial mess is welcome in some ways. Certainly there will be less or no money for wars of choice. Social problems that perpetuate dependence will have to be cut back and Washington has been exposed as more part of the problem rather than the solution. We need more states rights with taxes and individual behavior being more of a local affair.
A sane use of laws and words would include more regulation of the financial markets. This would offset the criminal provisions of the Commodity Futures Modernization Act Of 2000. The Act allowed the constructive legal-criminal swindle by Wall Street investment banks via the Acts provision that " specifically banned regulation of credit default swaps" and "over-the-counter energy trades and trading on electronic energy commodity markets". The notion that the Act and its verbiage orders no regulation is somehow legal and a worthy piece of regulation is an oxymoron on its face. This Act led largely to the collapse of Wall Street and $147.00 oil . It endangers economies worldwide. Words do matter. Laws do matter. Political correctness and the misnamed Commidity Futures Modernization Act lead to the wrong conclusions.
The financial mess is welcome in some ways. Certainly there will be less or no money for wars of choice. Social problems that perpetuate dependence will have to be cut back and Washington has been exposed as more part of the problem rather than the solution. We need more states rights with taxes and individual behavior being more of a local affair.
Friday, October 10, 2008
Mayor Bloomberg Wants More
One can take the kike out of his or her greedy culture in eastern Europe but one can't take the greedy culture out of the kike.
And so Mayor Bloomberg of New York City wants to roll back term limits in the City and spend a $100 million on another run for office. It's kind o' like he is reaching back for that expansive experience he felt at his bar mitzvah. Then he was told that he was a "son of divine law" and "chosen"for great things. Hey if laws have to be broken or ignored, Mike was on a "mission from god".
Mike needs peace more than another term as mayor. He should convert to another religion.
And so Mayor Bloomberg of New York City wants to roll back term limits in the City and spend a $100 million on another run for office. It's kind o' like he is reaching back for that expansive experience he felt at his bar mitzvah. Then he was told that he was a "son of divine law" and "chosen"for great things. Hey if laws have to be broken or ignored, Mike was on a "mission from god".
Mike needs peace more than another term as mayor. He should convert to another religion.
Sunday, October 05, 2008
Lessons From Afghanistan
The U.S. has been bombing and losing in Afghanistan since 2002. The terrain and social structure of that country is too much for ham-fisted invaders. The Afghanis can arguably be called a pure libertarian- modeled society. They have no central government and the tribal structure is self reliant and is bound together for mutual self defense on a modular scheme. The country is the low cost example of an efficient society. Afghanistan is known as the "graveyard of empires". To its credit it has subdued the likes of Alexander The Great, Ghengis Khan, the British Empire, the Soviet Union and now is having its way with NATO and U.S. forces.
If America is to survive it will have to become more like Afghanistan .
If America is to survive it will have to become more like Afghanistan .
Saturday, October 04, 2008
Phoney Conservative Values
The poor conservatives are wringing their collective hands about the death of capitalism. The past weeks bailout and nationalization of greedy banks, brokerage houses and insurance companies are signs of the imminent demise of capiatlism as we know it in America.
The conservatives are pathetic. Where was their outrage when Lyndon Johnson launched the Great Society? That bundle of nonsense laws included the preposterous notion that all are equal and should have access to equal results in spite of the metaphysical truth that we are known by our differences and there are no guarantees about anything for anyone.
I'll tell you where the outrage was. It was stifled and exploited to money-making advantage. Deficit spending for costly social programs and wars of choice are great for business! But when the government starts nationalizing private enterprises and that threatens their phoney baloney jobs, well that something to scream about. Drop dead.
The conservatives are pathetic. Where was their outrage when Lyndon Johnson launched the Great Society? That bundle of nonsense laws included the preposterous notion that all are equal and should have access to equal results in spite of the metaphysical truth that we are known by our differences and there are no guarantees about anything for anyone.
I'll tell you where the outrage was. It was stifled and exploited to money-making advantage. Deficit spending for costly social programs and wars of choice are great for business! But when the government starts nationalizing private enterprises and that threatens their phoney baloney jobs, well that something to scream about. Drop dead.
Friday, October 03, 2008
Palin & Biden "Love Israel": This Is Change ?
Last nights VP debate included only one issue which had unequivocal agreement. Sarah Palin remarked, "We both love Israel", following a similar declaration by Joe Biden.
What's to like? Well if that's what "change"still drags along, then there will be no "change" in policies that matter the most, namely peace and security for the U.S.. Because America doesn't have the military capability or the money to make the rogue state Israel acceptable among mostly civilized and mannered nations of the greater civilized world. The enclave of gangsters in the Jewish state should be ignored by the U.S. . The U.S. reponsibility for the Israeli ghetto only demonstrates an American low self esteem for its citizens. We are better than that.
When we get a candidate who promises, "I will ignore Israel", then there will be "change" in American politics.
What's to like? Well if that's what "change"still drags along, then there will be no "change" in policies that matter the most, namely peace and security for the U.S.. Because America doesn't have the military capability or the money to make the rogue state Israel acceptable among mostly civilized and mannered nations of the greater civilized world. The enclave of gangsters in the Jewish state should be ignored by the U.S. . The U.S. reponsibility for the Israeli ghetto only demonstrates an American low self esteem for its citizens. We are better than that.
When we get a candidate who promises, "I will ignore Israel", then there will be "change" in American politics.
Tuesday, September 30, 2008
Socrates & Rock Stars
The trial of Socrates in 399 B.C. began with this posted indictment:
" Socrates is guilty of refusing to recognize the gods recognized by the state and introducing other new divinities. He is also guilty of corrupting the youth. The penalty demanded is death".
The "new divinties" that were the alledged corrupter of youth was his philosophy of questions. This included the questioning of authority which made the powers-that- be in Athens nervous. And so the indictment, the trial and the death of Socrates by drinking the poison hemlock. Now some 2500 years later, the present questioners of all authority take the form of members of all branches of our government, Wall Street manipulators and "rock stars".
No they are not going to drink hemlock as their punishment. But instead they will be bribed, well bonused or sell out stadiums. Somewhere in between the fates of noble Socrates and our present day trash should be the proper reward for questioning authority.
" Socrates is guilty of refusing to recognize the gods recognized by the state and introducing other new divinities. He is also guilty of corrupting the youth. The penalty demanded is death".
The "new divinties" that were the alledged corrupter of youth was his philosophy of questions. This included the questioning of authority which made the powers-that- be in Athens nervous. And so the indictment, the trial and the death of Socrates by drinking the poison hemlock. Now some 2500 years later, the present questioners of all authority take the form of members of all branches of our government, Wall Street manipulators and "rock stars".
No they are not going to drink hemlock as their punishment. But instead they will be bribed, well bonused or sell out stadiums. Somewhere in between the fates of noble Socrates and our present day trash should be the proper reward for questioning authority.
Tuesday, September 23, 2008
"Driver Carries No Money"
A very few delivery trucks still carry the warning, " Driver Carries No Money". Maybe it's because the illegal immigrant criminals can't read or speak English. Or maybe the hoodlums went through the public school system and didn't bother to learn to read. But because there was no money available there were no losses.
Can we learn a lesson that applies to our politicians and their Congress? It's their Congress because they as a group get more out of government than we outside of government do. The latest legal crime that our politicians are facilitating is the Wall Street bailout. Here we have Wall Street jackals making money on the way up and keeping what they made as their broken schemes and maipulations are transferred to the tax payers on the way down.
The lesson is this. First character is fate. And since our politicians start with little or no admirable character traits we are facing certain disappointment. But add the bad character to the oppotunities presented for self advancement by handling and being part of a $ 3 trillion budget process and one can see how we keep digging deeper holes as government gets larger. There is a direct ratio. And so the app. $ 1 trillion bailout will be handled by printing more money. Money represents the collective character of the issuing nation. Our falling dollar signals what our trading partners think of our character.
What's to be done? How about printing this sign on the halls of Congress, " Politician Carries No Money Only Opinions. All Money Matters Are Left To Individuals"?
Can we learn a lesson that applies to our politicians and their Congress? It's their Congress because they as a group get more out of government than we outside of government do. The latest legal crime that our politicians are facilitating is the Wall Street bailout. Here we have Wall Street jackals making money on the way up and keeping what they made as their broken schemes and maipulations are transferred to the tax payers on the way down.
The lesson is this. First character is fate. And since our politicians start with little or no admirable character traits we are facing certain disappointment. But add the bad character to the oppotunities presented for self advancement by handling and being part of a $ 3 trillion budget process and one can see how we keep digging deeper holes as government gets larger. There is a direct ratio. And so the app. $ 1 trillion bailout will be handled by printing more money. Money represents the collective character of the issuing nation. Our falling dollar signals what our trading partners think of our character.
What's to be done? How about printing this sign on the halls of Congress, " Politician Carries No Money Only Opinions. All Money Matters Are Left To Individuals"?
Friday, September 19, 2008
Condi Rice Doesn't Get It
A Secretary Of State is nothing if not diplomatic. Which brings up our own Condi Rice's rudely chosen words directed at Russia yesterday. Referring to the Georgia/South Osettia war, our pickaninny promised, " Our [U.S.] strategic goal now is to make it clear to Russia's leaders that their choices are putting them on a one-way path to self imposed isolation and international irrelevance". Condi is predicting Russia has a one-way ticket to Palooka-Ville.
So Condi thinks the world can work around or without Russia being involved. Never mind the 13,000 nuclear warheads or the vast natural resources or the rich cultural heritage. Stanford University gave this woman a doctorate on Russian studies. Obviously Condi wasn't impressed with the Russian tutorial.
Rice reminds me of an observation by the 18th century Scottish philosopher David Hume. Hume was in correspondance with a friend who recently visted the Caribbean. The friend remarked how the darkies in Jamaica and other nations spoke perfect English . Hume some years later personally experienced the blacks in Jamaica. He came away with the conviction that the negroes were just reciting and copying white speech and culture like some parrot or Minah bird. They really didn't get it.
And so the philosopher accurately describes our blackbird.
So Condi thinks the world can work around or without Russia being involved. Never mind the 13,000 nuclear warheads or the vast natural resources or the rich cultural heritage. Stanford University gave this woman a doctorate on Russian studies. Obviously Condi wasn't impressed with the Russian tutorial.
Rice reminds me of an observation by the 18th century Scottish philosopher David Hume. Hume was in correspondance with a friend who recently visted the Caribbean. The friend remarked how the darkies in Jamaica and other nations spoke perfect English . Hume some years later personally experienced the blacks in Jamaica. He came away with the conviction that the negroes were just reciting and copying white speech and culture like some parrot or Minah bird. They really didn't get it.
And so the philosopher accurately describes our blackbird.
Thursday, September 18, 2008
Tzipi Livni: Peace Candidate?
Pity the poor Palestinians. Tzipi Livni, Israel's Foreign Minister looks to be the next Prime Minister. She will succeed Prime Minister Olmert as soon as she can form a coalition. She has been part of the "peace negotiations" with the Palestinians. Her Tzipi-code for "peace" turned into collective punishment for 1.5 million Palestinians in Gaza and a ramped-up expansion of illegal Israeli settlements.
Her personal resume includes being a lawyer and a former member of Israel's Mossad secret service . No doubt her lack of a moral compass qualifies her for both professions. She is also the result of a Zionist line bred heritage. She can trace her heritage to members of Israel's Irgun a right-wing militia that has the blood of British and international peace keepers and Palestinians on their hands. She is being compared to the former female Israeli Prime Minister Golda Meir. She's the Brooklyn-born PM that brought on The Six Days War Of 1967 which is the second mistake. The first mistake was Israel's creation in 1947.
All in all Tzipi surpasses Hitler and the Nazi's definition of the undesirable Jew as indicated in the Nazi's Nuremberg Party Congress on September 15, 1935. Too bad that the Nazis lumped all the Jews together. Tzipi and Adolph were alike.
Her personal resume includes being a lawyer and a former member of Israel's Mossad secret service . No doubt her lack of a moral compass qualifies her for both professions. She is also the result of a Zionist line bred heritage. She can trace her heritage to members of Israel's Irgun a right-wing militia that has the blood of British and international peace keepers and Palestinians on their hands. She is being compared to the former female Israeli Prime Minister Golda Meir. She's the Brooklyn-born PM that brought on The Six Days War Of 1967 which is the second mistake. The first mistake was Israel's creation in 1947.
All in all Tzipi surpasses Hitler and the Nazi's definition of the undesirable Jew as indicated in the Nazi's Nuremberg Party Congress on September 15, 1935. Too bad that the Nazis lumped all the Jews together. Tzipi and Adolph were alike.
Monday, September 15, 2008
The Next Financial Shoe To Drop
Here's a quick tutorial on the root cause of the 1930's Great Depression since it increasingly looks like we will replay that whole episode in slow-motion. Sure the market crashed but the reason for the depression was the failure of the banks. The banks failed because they speculated in the stock market. E.G. Morgan Bank owned Morgan Stanley brokerage .Those speculations went south and people ran on the banks to withdraw deposits. The rest is history.
After the Crash and bank failures, legislation was passed that included the Bank Act of 1935 a.k.a. Glass Steagall. It prohibited banks from ever owning brokers or insurance companies. In 1999 , Glass Steagall was struck down. Banks then did the obvious and bought insurance companies and stock brokers. Also brokers bought insurance companies and banks.
" What could possibly go wrong?". Well first there was the failure of Bear Stearns which was bought by JP Morgan Chase and today Lehman Brothers went Chapter 11 and Bank Of America bought Merrill Lynch. Morgan Stanley and Goldman Sachs are in the wings looking for deep pocket partners i.e. some bank with fat deposits of unsuspecting civilians.
So we have gone full circle with banks now back in the brokerage business in spades. The next time the brokers fail they will take their respective bank owners with them. What's a civilian to do among these financial terrorists? First avoid any bank with a brokerage or insurance subsidiary. Limit all deposits to FDIC limits. Keep some cash at home and a weapon for protection.
Our society has resorted to money as the cure all and to that end we have printed literally bales of it. But like a house of cards, paper can't take much weight.
After the Crash and bank failures, legislation was passed that included the Bank Act of 1935 a.k.a. Glass Steagall. It prohibited banks from ever owning brokers or insurance companies. In 1999 , Glass Steagall was struck down. Banks then did the obvious and bought insurance companies and stock brokers. Also brokers bought insurance companies and banks.
" What could possibly go wrong?". Well first there was the failure of Bear Stearns which was bought by JP Morgan Chase and today Lehman Brothers went Chapter 11 and Bank Of America bought Merrill Lynch. Morgan Stanley and Goldman Sachs are in the wings looking for deep pocket partners i.e. some bank with fat deposits of unsuspecting civilians.
So we have gone full circle with banks now back in the brokerage business in spades. The next time the brokers fail they will take their respective bank owners with them. What's a civilian to do among these financial terrorists? First avoid any bank with a brokerage or insurance subsidiary. Limit all deposits to FDIC limits. Keep some cash at home and a weapon for protection.
Our society has resorted to money as the cure all and to that end we have printed literally bales of it. But like a house of cards, paper can't take much weight.
Saturday, September 13, 2008
How To Build Personal Worth And Avoid Disappointment
Looks like Lehman Brothers will follow Bear Stearns into a shotgun merger. The buzz on Wall Street sounds like Merrill Lynch is next and then AIG and then Goldman Sachs and then.....
The effective tactic that turns these once blue chip stocks of the financial sector into a powdered form is the classic "bear raid". It's nothing new. It was around before the Crash of '29. It was used by Joe Kennedy and the very successful but suicide Jesse Livermore. Simply a group of speculators target a stock and then relentlessly sell it thus creating a panic in the financial markets till it spills over into the real world. And then it either goes bankrupt or is forced into an arranged merger. And members of the bear raid group profit from the collapse of the stock price . The "effective tactic" was the bear raid. But the fundamental reason that enabled the bear raid tactic to work was the questionable value of the underlying business of the targeted stock in the first place. It begs the question, "If these companies are so valuable, then how come they can be sold down so far?".
I.E. could a bear raid be successful if Wall Street operators tried to sell a $50.00 bag of groceries for $10.00? Or how successful could a manipulator be selling a gallon of gasoline for $1.50? Not successful because groceries and gasoline have intrinsic and recognizable value with a large market. Shares of Bear Stearns, Lehman, Merrill or whoever really when, push comes to shove, don't have intrinsic value. They operate on the "greater fool" theory. That's why the machinations of Wall Street bear raids acn be pulled off. Everyone kind of knows or suspects that Wall Street can't last .
If one is interested in building self worth and avoiding future disruptions then one should join with other like-minded, value-added individuals for a barter system . Then the group can freeze out grifters, politicians, Wall Street operators and all the other usual suspects.
The effective tactic that turns these once blue chip stocks of the financial sector into a powdered form is the classic "bear raid". It's nothing new. It was around before the Crash of '29. It was used by Joe Kennedy and the very successful but suicide Jesse Livermore. Simply a group of speculators target a stock and then relentlessly sell it thus creating a panic in the financial markets till it spills over into the real world. And then it either goes bankrupt or is forced into an arranged merger. And members of the bear raid group profit from the collapse of the stock price . The "effective tactic" was the bear raid. But the fundamental reason that enabled the bear raid tactic to work was the questionable value of the underlying business of the targeted stock in the first place. It begs the question, "If these companies are so valuable, then how come they can be sold down so far?".
I.E. could a bear raid be successful if Wall Street operators tried to sell a $50.00 bag of groceries for $10.00? Or how successful could a manipulator be selling a gallon of gasoline for $1.50? Not successful because groceries and gasoline have intrinsic and recognizable value with a large market. Shares of Bear Stearns, Lehman, Merrill or whoever really when, push comes to shove, don't have intrinsic value. They operate on the "greater fool" theory. That's why the machinations of Wall Street bear raids acn be pulled off. Everyone kind of knows or suspects that Wall Street can't last .
If one is interested in building self worth and avoiding future disruptions then one should join with other like-minded, value-added individuals for a barter system . Then the group can freeze out grifters, politicians, Wall Street operators and all the other usual suspects.
Wednesday, September 10, 2008
Wall Street: Alternative Reality
This past Monday, Google Search picked up and published prominently a 2002 United Airlines filing for bankruptcy. The 2002 date was not printed. The source of the post was from a Florida newspaper that is affiliated with the Chicago Tribune. People who read the post and didn't give a second thought or know that UAL emerged from bankruptcy in 2006 sold shares. The stock plummeted from $12.00 to $3.00 before trading was halted. Many people lost much money before UAL was asked if the story was true. The story was true but it was 6 years old!
There is reality and there is Wall Street perception of reality. In the real world this past Monday , UAL planes continued to fly and reach their destination. This is despite the halted trading and price devestation. This is proof that the world can still function despite Wall Street seizing up. But our representaives in Washington and I use the term " representatives" loosely seem to think that Wall Street's interests are more important than the real worlds initerests. Witness oil and corn price manipulation, banking and security law failures etc.
We can function without a Wall Street and without a Washington.
There is reality and there is Wall Street perception of reality. In the real world this past Monday , UAL planes continued to fly and reach their destination. This is despite the halted trading and price devestation. This is proof that the world can still function despite Wall Street seizing up. But our representaives in Washington and I use the term " representatives" loosely seem to think that Wall Street's interests are more important than the real worlds initerests. Witness oil and corn price manipulation, banking and security law failures etc.
We can function without a Wall Street and without a Washington.
Tuesday, September 09, 2008
"Hello Manhattan, Israel Calling"
Approximaely 50% of Wall Street investment banking management is Jewish. That doesn't make them necessarily Zionist but probably most think there should be a Jewish homeland which is the definition of a Zionist. Israel enjoys a unique U.S. tax code advantage. Donations to the Jewish state by American tax payers is deductable against U.S. income. The donations sent to Israel by these Wall Street operators neatly allows them to have it both ways.
Israel is an odd country. It's founding and nurturing depends on money and political influence from worldwide Jewry. If that is ever shut off or diminished ,Israel like some out of this world space station ,would suffer or cease to exist. And so the recent cataclysmic events on Wall Street and financial centers around the world threaten Israel's mother's milk so to speak i.e. money. The financial melt down may be a humane way to finally get Israel to pursue peace or disappear. Either way would be an improvement.
Israel is an odd country. It's founding and nurturing depends on money and political influence from worldwide Jewry. If that is ever shut off or diminished ,Israel like some out of this world space station ,would suffer or cease to exist. And so the recent cataclysmic events on Wall Street and financial centers around the world threaten Israel's mother's milk so to speak i.e. money. The financial melt down may be a humane way to finally get Israel to pursue peace or disappear. Either way would be an improvement.
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