Wednesday, November 5, 2008
Lets take a break
Monday, November 3, 2008
Fair and Balanced
What it would be really like to see is an actual fair and neutral media, whether it's TV or print. It's unlikely to happen, especially with a ratings motivated media. What would also be good to see is an honest set of politicians. Yeh, like that's ever going to happen.
Either way, it'll be interesting to see what happens Tuesday and see how honest or dishonest either side get, along with how much sour grapes the Republicans spout out if they loose. If they do win, I'd like to know how and why though!
Friday, October 24, 2008
“Give me control over a nation’s currency, and I care not who makes the laws.”
~ Mayer Amschel Rothschild (1743-1812)
"The whole aim of practical politics is to keep the populace alarmed and hence, clamorous to be led to safety, by menacing it with an endless series of hobgoblins - all of them imaginary."
~ Henry Louis Mencken
"We tell the people what they need to know, not what they want to know."
~ Frank Sesno, CNN News
"Our government has kept us in a perpetual state of fear - kept us in a continuous stampede of patriotic fervor-with the cry of grave national emergency. Always there has been some terrible evil at home or some monstrous foreign power that was going to gobble us up if we did not blindly rally behind it ..."
~ General Douglas MacArthur, 1957
“Democracy is the theory that the common people know what they want, and deserve to get it good and hard.” (From: A Little Book in C Major)
~ Henry Louis Mencken (1880-1956)
“Giving money and power to Government is like giving whiskey and car keys to teenage boys.”
~ P.J. O'Rourke
"The issue which has swept down the centuries and which will have to be fought sooner or later is the People v. The Banks."
~ Lord Acton, Lord Chief Justice of England, 1875.
"There is no more direct way to capture control of a nation than through its credit (money) system."
~ Mr. Phillip A. Benson, President of the American Bankers' Association, June 8 1939.
“It’s only when the tide goes out that you learn who’s been swimming naked.”
~ Warren Buffett
“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
~ Mark Twain
"We are greatful to the Washington Post, the New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promise of discretion for almost 40 years. It would have been impossible for us to develop our plan for the world if we had been subjected to the lights of publicity during those years. But now the world is more sophisicated and prepared to march towards a world government. The supra national sovereignty of an international elite is surely preferable to the national auto-determination practiced in past centuries"
~ David Rockerfeller. CFR. June 1991.
"The real rulers in Washington are invisible and exercise power from behind the scenes."
~Felix Frankfurter. US Supreme Court Justice.
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow evening."
~Henry Ford.
"You need to get permission from the government to do almost everything. And that is the definition of a police state."
~Ron Paul.
"I sincerely believe the banking institutions having the issuing power of money, are more dangerous to liberty than standing armies."
~Thomas Jefferson.
"Who controls money controls the world."
~Henry Kissinger. CFR.
"The government claims the power to seize all financial instruments: currency, gold, silver, and everything else if they deem an emergency exists."
~Treasury Department. August 12, 2005.
"The new world order will be built...an end run on national sovereignty, eroding it piece by piece will accomplish much more than the old fashioned frontal assault."
~CFR Journal. 1974, page 558.
"We shall have world government, whether or not we like it. The only question is whether World Government will be achieved by conquest of consent."
~Paul Warburg. CFR and architect of the Federal Reserve. System. February 17th. 1950.
"World events do not occur by accident. They are made to happen, whether it is to do with national issues or commerce; and most of them are staged and managed by those who hold the purse strings."
~ Denis Healey. (Former British Defense Minister)
Any questions?
Wednesday, October 22, 2008
The roller coasters
Wednesday, October 15, 2008
the market stupid
On a brighter note, I passed my pilot's exam today. Saweeet. At least that was some good news while the markets plunged again.
So, enjoy the ride, as there's definitely going to be one.
Saturday, October 11, 2008
God. Good grief.
But then there was another program on TV last week called "The world after humans." I don't think the planet would skip a beat if the predictions came true and our numbers were drastically reduced, or even disappeared altogether. The planet might even be happier without us poisoning it, so Mother Earth could sigh with relief and get to work evolving something more worthy of this lush place we once called home.
Friday, October 10, 2008
WTF
But here's a more salient perspective on the world by people far smarter than you and I.
"Nothing just happens in politics. If something happens you can be sure it was planned that way." Franklin D. Rosevelt.
"The problem isn't a shortage of fuel: it's a surplus of government." Ronald Reagan.
"Politics, and the fate of mankind, are shaped by men without ideals and without greatness." Albert Camus.
"If you ever injected truth into politics you have no politics." Will Rogers.
Which leads me to the obvious questions.
Who is benefiting from this? Follow the money, as someone, somewhere is benefiting from this. Is it power or a cornering of assets? To quote FDR, this type of thing doesn't happen by accident. Was it planned? Who knows. They're either all incompetent or this was done deliberately. Neither is a particularly pleasant though. You decide for yourself. The Fed suddenly has more power. Governments suddenly own massive parts of financial industries and despite protestations to the contrary by right wing governments (Bush included) seem hell bent on buying up more....with our money. The governments have their populaces scared and looking to them for a magic bullet, meaning they can push their collective agendas and do pretty much what they want, and people are broke, so wont complain too much regardless of what they do. Is this 1933 again....look it up. Maybe it's just a way to hide the enormous profits made from the huge oil price spikes of the last 24 months, like they did with Enron etc. Is it that simple? It's probably a lot more involved than that, but you can be sure that this is no accident.
Bollocks, this sucks big time and we played right into their hands by falling for the cheap credit BS offered for the last 10 years. If we're that dumb collectively, I guess we deserve everything we get.
Monday, October 6, 2008
implosion and a con job
Tuesday, September 23, 2008
Inspiration
Wednesday, September 17, 2008
save it
Dear Main Street,
Are you trying to make sense of what's happening here on Wall Street?
Don't worry -- you aren't alone. A lot of people even here are trying to figure that out. It isn't that complicated, but Wall Street is so full of mumbo jumbo that it's easy to get confused -- or bored.
Say "collateralized mortgage obligation" a dozen times and see if you can stay awake.
Stick with me, though, Main Street and I'll explain what's going on here in New York.
Believe it or not, you've seen this movie before. And I don't mean, "It's A Wonderful Life," though that movie isn't far from the mark.
What's going on is a classic industry shakeout -- not all that different from the shake-out of the American steel or auto industries over the past half century. Just in a much shorter time frame.
In just nine months, we have gone from five big, independent Wall Street brokers to only two -- Morgan Stanley and Goldman Sachs.
The government took over Fannie Mae and Freddie Mac, the country's largest mortgage companies, a bit more than a week ago.
And just Tuesday, we nationalized AIG, the world's largest insurer.
Of course, consolidation inevitably produces winners and losers. Lehman Brothers, the fourth largest US broker, is a loser. It went bankrupt two days ago.
Bank of America is a winner. It bought brokerage Merrill Lynch three days ago and is now our nation's largest financial institution.
That's a lot of change in not a lot of time.
And when there's change, there's uncertainty. Today, for example, we still don't know whether Washington Mutual, the largest U.S. savings & loan, will stay independent.
Uncertainty isn't good for any business, as it destroys confidence. It is especially bad for our financial system, because the system runs entirely on confidence. I lend you money confident that you will pay me back. If I don't have confidence in you, I won't lend.
Which is just like Wall Street today. Our nation's financial institutions don't really trust each other. And for good reason.
In all, about $2 trillion dollars of lower quality mortgages are spread about our financial system. Many of these are now in default which threatens the banks that hold them.
And of course the lack of trust spirals. Less lending by banks to each other, less lending to Main Street's companies and less lending to you. In the end, the money's not there for you to get a mortgage or auto loan.
And you account for 70% of the economy. So when the money isn't there, that's bad for everybody. Without credit, you get a crisis -- a credit crisis.
Of course, we deserve heaps and heaps of blame. Wall Street took the mortgages, sliced and diced them a hundred ways, sold and traded them. We took a nice cut along the way, blissfully oblivious to the risks.
We do have a remarkable talent for cooking up crazy get-rich schemes. Remember the Internet bubble? That was less than a decade ago.
But Main Street, you're also to blame.
Recall the hundreds of billions in bad mortgages that are now killing Wall Street? That was money lent to you, Main Street, for homes and condos many of you could not afford.
And ironically, it is now your money that will be used to repay those dud mortgages because we on Wall Street are running out of money.
The government takeovers of AIG and Fannie and Freddie? That's your money. J.P. Morgan's buyout of broker Bear Stearns last March was also your money,
You might not like it. We on Wall Street may not like it. And even the politicians in Washington may not like it.
But nobody has a choice -- unless you happen to have an odd yearning to live in a barter economy.
So Main Street, our crisis is unfortunately your crisis. We made the mess together and now we pay for it together.
The mergers, government takeovers and bankruptcies that will continue to sweep our financial system are a good sign. It means that we are fixing ourselves. Albeit at gunpoint.
Isn't it strange the way our free market works? The government saves Wall Street -- and you Main Street foot the bill.
My advice? Save this letter and show it next time we all embark on another stupid misadventure.
Sincerely,
Wall Street
Copyrighted, Dow Jones & Company, Inc. All rights reserved.
What a bloody mess....part 2.
"The sky is falling, the sky is falling!"
Well, it's certainly messy out there, but is it really as bad as all that? Is it? I don't actually know. There's a lot of confusion and panic going on, I know that for sure, compounded by the ridiculous news media, who are revelling in the chaos, hoping to boost their ratings as a parasitic by-product of all that's swirling around them. It reminds me of a wonderful part of the movie "V for Vendetta" (which is an intelligent and great social commentary movie if ever I saw one) where the government was concerned that it's authority was being undermined. It instructed the news media to overwhelm the populace with bad news to frighten them into silence and to make them refocus on their immediate worries and fears rather than the government's failings. It's a well practiced tactic that works wonders. The brief montage that followed was pretty typical of what we are seeing today (probably deliberately done) and was not too different from the current round of financial disaster news scaring most people to death. Is all this calamity accidental? I very much doubt it. Either the government is totally incompetent or this is deliberate. You choose which one....but neither is very appealing I have to admit, and the only rational conclusion is that they shouldn't be in control either way. If you get lobbyists running the system, then policies will be short sighted and to their benefit. Not for us, the collective "We, the people". Whatever happened to that anyway? Patriotism is towards the country after all, not the current flock of idiots on charge. So who is in charge then? Bush....er come on....try again.
"World events do not occur by accident. They are made to happen, whether it is to do with national issues or commerce; and most of them are staged and managed by those who hold the purse strings."
~ Denis Healey. (Former British Defense Minister)
What I do know is that the Federal Reserve, (which is actually neither Federal nor a Reserve), now owns the loans on 75% of all mortgages in the US...that means they own those houses. They are now also the majority owner (85%) of AIG, the country's biggest insurer. Apparently, the list is going to grow from what I saw in the headlines issued today. Sounds like a major transfer of wealth from the private sector (i.e. "we" the shareholders) to a conglomeration of the private banks that makes up the Fed, and of course this is after the profits had been taken out. Sound familiar does it? Well it does have an Enron feel to it doesn't it. I guess if it worked once, they can do it again. Watch this space for a repeat performance coming soon no doubt. And who do you think pays for this? They certainly don't. We, the tax payers, stupidly do. I guess it's nice work if you can get it.
Conspiracy? Not really. An agenda is more like it. A well thought out and patiently implemented one at that, but an agenda all the same. Here's a couple of good quotes to back that up.
"If the American people ever allow the banks to control the issuance of their currency, the banks and corporations that will grow up around them will deprive the people of all property, until their children wake up homeless on the continent their fathers conquered."
~Thomas Jefferson.
"We shall have world government, whether or not we like it. The only question is whether World Government will be achieved by conquest of consent."
~Paul Warburg. CFR and architect of the Federal Reserve. System. February 17th. 1950.
Tuesday, September 9, 2008
what a bloody mess
Thursday, August 28, 2008
phew
Friday, August 15, 2008
now that's what I'm talking about
Fireworks exploded above Ulan Bator as revelers sang the national anthem after traditional wrestler Tuvshinbayar Naidan’s judo win on Thursday. Naidan, whose nickname is “Tuvshee,” beat Kazakhstan’s Askhat Zhitkeyev in the men’s 100-kilogram class.
“I can’t believe Mongolia just won a gold medal,” said Baljinnyam Dashdorj, 17, celebrating with relatives spanning three generations. “I can’t believe he did it. This is amazing. I’m so happy, I can only jump up and down!” '
Friday, July 18, 2008
week, what week?
Thursday, July 10, 2008
Life is better with a dog
Wednesday, July 9, 2008
"Is it 'ot in 'ere?"
Friday, July 4, 2008
Celebrating independence
I had an epiphany about countries and their collective habits, and this was before living in the US. I travel a great deal and sometimes to some rather bazaar countries. Some are good, some are not, but all are interesting in their own ways. I realized that a lot of nations have evolved over time. They have rich histories, the people just accept that as part of life and it helps put a few things in perspective, such as we’re just tiny pieces flowing through this. This is difficult to avoid when history is under every rock and on many streets. They get on with their daily routines and celebrate things from before, but don’t make a big deal out of it. Some nations, however, are created. A lot of these in the previous century. It seems to me that many of those nations seem to think that they have to justify their very existence, usually in some form of annual celebration and a constant reminder of who they are. This is a good thing of course, and often reminds people that here is a good place to live and actually, now is a great time to be alive. But when you come from an old country, especially one that fought with it’s offspring, it can be a little confusing, and somewhat amusing. I have wondered if these types of celebrations will still be going on in day 500 years time. I expect a lot of the actual history will be even more confused than it already is. I get asked a lot if I am upset by the July 4th celebrations. If I’m feeling nice I say something along the lines of “Not really. I’m an American after all. Besides, I wasn’t alive then.” If I’m feeling less social, I ask if Australia, Canada or New Zealand are pleasant places to live. Of course they are, and in some regards, can be more pleasant than many parts of the US. They didn’t go through a traumatic birth, and evolved in to the wonderful places they are peacefully and calmly. That usually ends the conversation. I haven’t had that conversation in the deep south or midwest though. I think I’d be a little less vocal there. But as was pointed out in graffiti in a base in Iraq, “Yeh hah isn’t a foreign policy.”
It’s a good place to live and it’s a great time to be alive. We’re here anyway, so stop your wining and enjoy it anyway.