Title: Mcgowanjm Wire 2012 Source:
[None] URL Source:[None] Published:Feb 26, 2012 Author:Various Post Date:2012-02-26 09:15:13 by A K A Stone Keywords:None Views:1373945 Comments:2390
That Tweet reads: 'The Russian bikers detained in Iraq are at the Embassy of the Russian Federation [in Baghdad]. Motorcylces have not been returned yet. Thanks to everyone who helped.' The Moscow Times notes, "[Russian President Vladimir] Putin has been forging good relations with the biker community in the past two years, riding motorcycles and attending biker events." RIA Novosti adds, "The four men will leave for Russia on Saturday morning, the bikers' lawyer Alexander Orlov, also a member of the Moscow-based motorcycle club Rolling Anarchy MCC (RAMCC), told RIA Novosti."
As many are noticing, the US press has ignored the story completely. That may be due to the fact that there's a detail that's inconsistent -- not on-message -- with Barack Obama's current campaign for a second term as US President. Ekaterina Saviba (Gazeta) reports it today:
They came to Iraq on May 17 and were detained by the Iraqi military on May 20. "Our attempt to go towards Baghdad failed because of Yanks in Hummers – they didn't let us in. Our guys decided to go round the American checkpoints and pass north of them," report motorcyclists' friends on the Russian motorcycling forum Ruriders.ru. "They managed to ride several dozen kilometers a day, while having long heartfelt conversations with local authorities, all while the outside temperature was 42 Celsius."
Again, that was also in yesterday's reports. The Russian bikers, en route to Baghdad, were unable to enter the city and had to go around due to Americans blocking them in Hummers, due to American checkpoints. The 20th was Sunday and the US may have activated some branch still in Iraq (there are many) to put up checkpoints in advance of the meet-up in Baghdad. They may have pulled the units stationed outside of Iraq -- in Kuwait for example -- back in to set up those checkpoints.
Which is AP's Annual Memorial Day Gas Prices Speel.
I've juxtaposed it with the Cracked.com article per billhicksisdead.blogspot to show just how out of touch the Top <1% are with the Bottom 99%.....;}
" But for the overwhelming majority of the globe, it's just gibberish horseshit spraying from the mouth of an ultra-privileged, out of touch alien. You can't give advice based on a lifestyle that's only shared by a single-digit percentage of the globe and expect to be taken seriously.
"But what about the things that don't take a huge bank account to do, like dieting tips and workout regimens?" asks all of Hollywood in unison. "Surely we could have something valuable to say there."
#4. They Literally Pay People to Live Their Lives for Them
#3. Their Day-to-Day Life Bears No Resemblance to Yours
#2. They Are Experts at Appearing Smarter Than They Actually Are
#1. They Have Nobody to Tell Them They're Wrong It's just so sad that so many people out there are such blind followers
A drop in gas prices encouraged Americans to spend more at restaurants and bars in April. And that trend could continue over the holiday.
MY EDIT: There's not one factoid in the PO article explaining just how exactly 'Americans' (AP's words for us dumb schmucks;}
Pump prices are down 27 cents since their peak in early April, to $3.67 a gallon, where they’re likely to stay this weekend, predicts Tom Kloza, the chief oil analyst at the Oil Price Information Service. That’s 12 cents cheaper than last year. Over the weekend, U.S. drivers will burn about 1.2 billion gallons of gasoline – and spend $144 million less on gas than last year
And those who would benefit the most from the revenue generated by those increased taxes on the 1%: in improved public transportation, healthcare, govt jobs programs and infrastructure projects, education; are cheering for the 1% that they will NEVER be a part of. They won't even be hired to wash the toilets of the 1%.
The 1% must get a slight chuckle out of it, in the odd moments when they might bother to think about these poor, stupid idiots. SUCKERS!!!!
This will not be your usual Memorial Day Week.....;}
"This isn’t, contra Lagarde about “bad Greeks”, while it is true that Greece should never have been let in to the Euro, well, everyone knew that. Including the countries that let Greece in.
4) Greece is going to have get hardcore and creative about creating a new economy. Since the monetary authorities intend to starve them and deprive them of oil, they must retaliate hard. Greece has a number of options, and this is what Greece should do You don’t play nice with people who are trying to cause a famine in your country.
* Greece has a large fleet. Use it to strip mine the Mediterranean of all resources possible. Yes, the Med is a fragile ecosystem. If the other Euros don’t like it, they can not punish Greece, otherwise Greece will have to feed itself. The Euros could send fleets, but as the British-Iceland fishing war proved, that’s prohibitively expensive.
* Start gun-running and other black market activities up. European gun-running currently goes through Albania. Greece has much better ports. If the Euros don’t like it, they can militarize Greece’s borders at a cost much higher than feeding the Greeks.
* Become a full on black-hole for banking. If anyone wants to store money in Greece, they can. No questions asked, no forms needed.
* Make deals with other “pariah” and semi-pariah nations. Start with Iran and Russia for oil (Iran will be happy to give oil in exchange for black market help). Make a deal with various 2nd world nations for food, start with Argentina, they have no reason to love the IMF or the European Union, which promised to “punish” them for nationalizing oil in Argentina. In exchange Greece can offer use of their fleet, for cheap, and port rights for the Russian navy. They’ve wanted a true warm water port for some time. Offer them a nice island in the Med with a 30 year lease.
* Hold on for a couple years. Odds are that soon enough Ireland, Spain, Portugal and maybe others will leave the Euro. They won’t be in any mood to screw Greece for their ex-Euro masters. Heck, odds are 50/50 that there won’t be a Euro zone at all in 3 years, since Germany wants to screw everyone, including France.
* Nationalize basically every industry. It’s unfortunate, but it’s going to be necessary. Hundreds of billions of dollars have fled Greece in the past 3 years, in fact that was one of the main reasons for dragging out the “bailouts” (really, bailouts of German banks), to let the money flee. All Greek assets are going to be frozen overseas, so the Greeks will need to work with what they have.
* No more money goes out of the country. Slap on currency controls, to make sure what money is there doesn’t leave (this is aimed at Greece’s rich). If any banker or anyone else circumvents them, throw them in jail, the sentence should be life, generous, since they are committing treason.
* Seriously change the tax system, and insist on really taxing the rich. Go to heavily progressive taxation, reduce the burden on the poor (a large number of people now), this will buy support. * A food rationing system, with cards and delivery to every person in the country will be necessary. It won’t be fun, but combined with the above, you can make sure that no one starves.
Greece has been under siege for years now, and traitors within its own country (its politicians) have betrayed it.
The abolition of historical memory is one of the worst aspects of modernity: it is certainly the most depressing. For the modern man, it’s an effort to recall what happened last week, never mind the last century. The news cycle spins madly and ever-faster, and the result is that we are lost in the blur of Now: for all intents and purposes, we are a people without a history, who recall past events – if we remember them at all – as one would summon a vague and confusing dream.
we are a people without a history, who recall past events – if we remember them at all – as one would summon a vague and confusing dream.
That's from Justion Raimondo at
Oh, bullshit. I can tell you where I was when the Japanese attacked Pearl Harbor and I can tell you what my father told me about WWI and what my grandfather told me about the Spanish American War and I can tell you how a very great great uncle died in the French and Indian War...
...and, I can tell you what I know about Ancient Greece and the Roman Empire and I am not a history major.
Jan 8, 2012 – The book's title comes from the actual words of the coded signal authorizing the attack on Pearl Harbor – East Wind Rain -- which was ...
The USS Lexington sailed from Pearl Harbor less than 2 weeks before the attack.
Against the repeated calls from the Pearl Harbor Commander for more air cover.
Not one Carrier was anywhere near Pearl on December 7.
As I know my family, I know that the bush's got their start thru this.
IT ALL rings true, right down to their method of criminalizing/'he's mentally unbalanced' dirt in the face methods.....;}
"While there is no suggestion (bullsite. I'm 'suggesting it, asshole...;}
that Prescott Bush was sympathetic (look up fascvist in the dictionary and see Poppy Bush;}
to the Nazi cause In 1941, Thyssen fled Germany after falling out with Hitler but he was captured in France and detained for the remainder of the war.
(Now THAT's the first time I've heard that. Right there is Everything you need to know. I'd like to know what the disagreement was about. And be a fly on the wall of that discussion.....;}
Erwin May, a treasury attache and officer for the department of investigation in the APC, was assigned to look into UBC's business. The first fact to emerge was that Roland Harriman, Prescott Bush and the other directors didn't actually own their shares in UBC but merely held them on behalf of Bank voor Handel. Strangely, no one seemed to know who owned the Rotterdam-based bank, including UBC's president. Even then it could be argued that BBH was within its rights continuing business relations with the Thyssens until the end of 1941 as the US was still technically neutral until the attack on Pearl Harbor.
(So did Thyssen leave Germany before or after Pearl Harbour?....;}
The trouble started on July 30 1942 when the New York Herald-Tribune ran an article entitled "Hitler's Angel Has $3m in US Bank". UBC's huge gold purchases had raised suspicions that the bank was in fact a "secret nest egg" hidden in New York for Thyssen Jones recommended that the assets be liquidated for the benefit of the government, but instead UBC was maintained intact (!!!!!)
and eventually returned to the American shareholders after the war. (!!!!!)
Some claim that Bush sold his share in UBC after the war for $1.5m - a huge amount of money at the time - but there is no documentary evidence to support this claim. No further action was ever taken nor was the investigation continued,
*****despite the fact UBC was caught red-handed operating a American shell company for the Thyssen family eight months after America had entered the war and that this was the bank that had partly financed Hitler's rise to power. The most tantalising part of the story remains shrouded in mystery:*******
(The Only 'mystery' is why the case was stopped cold.....;}
the connection, if any, between Prescott Bush, Thyssen, Consolidated Silesian Steel Company (CSSC) and Auschwitz. "The Consolidated Silesian Steel Company situation has become increasingly complicated, and I have accordingly brought in
"Sullivan and Cromwell"
HUGE law firm implicated in the Truman Doctrine. Still alive and well. Their fingers in more pies than Goldman/Sachs....;},
in order to be sure that our interests are protected," wrote Knight. "After studying the situation Foster Dulles But the ownership of the CSSC between 1939 when the Germans invaded Poland and 1942 when the US government vested UBC and SAC is not clear.
"SAC held coal mines and definitely owned CSSC between 1934 and 1935, but when SAC was vested there was no trace of CSSC. All concrete evidence of its ownership disappears after 1935 and there are only a few traces in 1938 and 1939," says Eva Schweitzer, the journalist and author whose book, America and the Holocaust, is published next month.
::::::
Silesia was quickly made part of the German Reich after the invasion, but while Polish factories were seized by the Nazis, those belonging to the still neutral Americans (and some other nationals) were treated more carefully as Hitler was still hoping to persuade the US to at least sit out the war as a neutral country.
:::::
Schweitzer says American interests were dealt with on a case-by-case basis. The Nazis bought some out, but not others.
Ford Motor Truck Plant was srutinized by the Nazis, but they found that Germany could not make Ford Trucks any faster or better than Ford.....;}
"The Union Banking Corporation was a holding company for the Nazis, for Fritz Thyssen," said Loftus. "At various times, the Bush family has tried to spin it, saying they were owned by a Dutch bank and it wasn't until the Nazis took over Holland that they realised that now the Nazis controlled the apparent company and that is why the Bush supporters claim when the war was over they got their money back.
BULL SHITE
Both the American treasury investigations and the intelligence investigations in Europe completely bely that, it's absolute horseshit. They always knew who the ultimate beneficiaries were."
;}
"There is no one left alive who could be prosecuted but they did get away with it," said Loftus. "As a former federal prosecutor, I would make a case for Prescott Bush, his father-in-law (George Walker) and Averill Harriman [to be prosecuted] for giving aid and comfort to the enemy. They remained on the boards of these companies knowing that they were of financial benefit to the nation of Germany." Loftus said Prescott Bush must have been aware of what was happening in Germany at the time.
"My take on him was that he was a not terribly successful in-law who did what Herbert Walker told him to. Walker and Harriman were the two evil geniuses, they didn't care about the Nazis any more than they cared about their
(Sound Familiar? Poppy Bush cries in front of the Fla Leg knowing that he made the wrong son POTUS....8D)
investments with the Bolsheviks." "the essential facts have appeared on the internet and in relatively obscure books but were dismissed by the media and Bush family as undocumented diatribes". Buchanan suffers from hypermania, a form of manic depression, and when he found himself rebuffed in his initial efforts to interest the media, he responded with a series of threats against the journalists and media outlets that had spurned him. The threats, contained in e-mails, suggested that he would expose the journalists as "traitors to the truth". Unsurprisingly, he soon had difficulty getting his calls returned.
See Fortunate Son author commits suicide for details....;}
Hello, everyone, and welcome. Today, I would start by telling you of something that happened to me yesterday. I was giving a presentation on energy at a public meeting and several of the people attending were politically minded. During the debate, someone said something like, "You see, professor, I think if you were to be a candidate for the next elections, you would get exactly zero votes".
Let me say that it wasn't intended as an offense. No; it was a statement of fact and it was correct. So, what did I say that made me so completely unelectable? Well, I had said that natural resources are limited, so that we should strive to consume less resources, not more. But, of course, you just can't run for a public office on a platform like that!
So much for the peak oil propaganda coming from the governments.
And this is exactly how off base you are.
This is Exactly how PO plays out.
When are you going to realize that Hyperinflation from Reagan/Greenspan is now Over.
That No one has this Ponzi money.
That Everything over $40 the Barrel is Synthetic Debt Derivative Enron SIV....vaporizing in front of our eyes.
Again....No one can afford to Waste any more oil. Which is how the USSA has 'grown' over the last 100 years.
You got actual FR notes in your wallet. They become more expensive BTD. You got Electronic money? You're going to pay a premium on it until all to soon it won't be accepted as payment.
We're in the Positive Feedback Loop now. The Sixth Extinction.
Only the Soot dropping out of the atmosphere from collapse of Human industry thru wasting Carbon will do the trick.
20 000 years and you won't know we've been here..... :? 8-)
<<
mcgowanjm
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Post Wed May 30, 2012 9:25 am by mcgowanjm Re: PEAK OIL, TOTAL COLLAPSE, AND THE ROAD TO THE OLDUVAI
Post Wed May 30, 2012 9:25 am by mcgowanjm
What is going on and who is doing it is not in doubt. It is no more in doubt than who was behind the Afghanistan and Iraq incursions or who did 9/11 which set them up in the first place. I can hear the sighs from the Kumbaya crowd. “Please, can't we talk about something else”? Talking about something else is like wishing to be somewhere else, while somewhere else is being wiped out by the ones we are talking about.
It must be nice and convenient for the new age crowd and their solid awareness of advaita. You can walk around in your fantasy landscapes, unified with everything and money in the bank. No one on that circuit talks about these things because then they won't let them on the circuit. No one talks about these things on stage, because they won't let you onstage except, sometimes, some people do. The thing about awakening, is that it forces certain considerations before your eyes.
All the signs indicate some kind of mayhem is on the near horizon and that means in the next few weeks and days. I suppose this all deserves a kind of 'bent out of shape' admiration. They just keep on keeping on, killing stealing and raping household pets. If there is something nasty and infernal that they can get up to, they are already working on it. There's something sexual about it all. It's that kind of sexual excitement, where the passion is ratcheted up so high that something unintended is guaranteed to happen. It could be something like that premature ejaculation thing that makes serial killers a little angrier than they already are.
One must begin by acknowledging reality and accepting it for what it is, regardless of how painful or undesirable its truth. Faith does not always serve human need; it often undermines progress and promotes oppression of the working class, despite its occasional good intentions. Broken systems of power do not promote justice.
Ultimately, we can only begin our respective journeys to true consciousness and thus revolution from wherever are. But we must have the courage to acknowledge where that is. False hope and wishful thinking can prevent us from doing what must be done. It can perpetuate the very inequality we are trying to eradicate. Reality, no matter how disturbing, provides a solid base from which to move forward. Take it for what it is.
Charles Sullivan is a naturalist, an educator, and freelance writer residing in the Ridge and Valley Province of geopolitical West Virginia.
The Hatfields&McCoys was good tv.
Kentucky and West Virginia slugging it out toe to toe.
And what kept going thru my mind was how prolific both families were...
They just never seemed to run out of each other to kill....;}
O, and how the two clan leaders were absent from some of the most critical events....they were sick....just couldn't make it to the event....;}
"the media neglects that in 2011 in an educational conference in London the education minister of the puppet regime of Kabul acknowledged that the so called armed opposition is not against the education of boys and girls. Similarly the professional deputy minister of this office told the media that the schools are destroyed by some criminal gangs and not by the Taliban. At the same time we would like to say that on 22nd February in Kashkot area of Khewa district one teacher and 9 students were injured in the indiscriminate shelling of helicopters by the invading forces. But the stooge media have turned a blind eye over all these facts and realities.
he fact is that recently the invading forces have martyred and burnt innocent civilians and children in Zangawat area of Panjwai district and prior to that they have humiliated the bodies of the martyrs. Similarly in Bagram air base they committed the unpardonable act of disgracing the Holy Quran. Now the invaders and their local stooges try to divert the attention of the Afghan nation as well as of the international community from their barbaric deeds and crimes by these kinds of planed issues of infecting the girls.
The Islamic Emirate once again declares that these and likewise dire incidents are carried out by some intelligence agencies including the intelligence agency of the puppet admin of Kabul by the name of national security.
The policy of Mujahedeen is palpable i.e. armed resistance against the invading forces and their supporters till the liberation of the country.
Moreover false allegations of the invaders and their hired media against Mujahedeen are the part of the media war and have no reality.
The Islamic Emirate declares its complete acquittal and says that this kind of criminals will be penalized according to the Islamic Law where ever arrested inside the country.
"I think most of my regular readers are aware that I spent last weekend at a peak oil event. There have been plenty of those over the last decade or so, but this one, The Age of Limits, was a bit unusual: it started from from the place where most other peak oil events stop, with the recognition that the decline and fall of industrial civilization is the defining fact of our time.
It’s ironic, to use no stronger term, that this should be the point at which so much discussion of peak oil stops, because it’s also the place where that conversation began some fifteen years ago, at the very dawn of today’s peak oil movement.
Back then, as conversations about the limits to growth were getting started again for the first time since the twilight of the 1970s, most participants in those early discussions seem to have grasped that the industrial world would either rise to the challenge of peak oil and undergo the wrenching process of shortage and reallocation that a successful downshift of energy consumption would demand,
or plow face first into the brick wall of resource limits and crash to ruin. The debates then were over which of these would be chosen. At this point it’s painfully clear which way the decision has gone, but the discourse of peak oil by and large remains the same.
"Thinking back over the weekend, three points of crucial relevance for the project of this blog stand out.
The first and most basic is precisely the number of people who are ready to grapple with the end of industrial civilization: not as an abstract possibility to be shoved off on a conveniently distant future, not as an inkblot pattern on which to project one’s favorite apocalyptic fantasies, not as a bogeyman that can be used to stampede recruits into signing up for the greater glory of some movement or other, but as a simple and inescapable fact that is already shaping our lives.
1)It’s one of the oddities of the tribe to which I belong that it’s hard to give it a simple, straightforward name of that kind, just a clear sense
of the trajectory our age is tracing out against the background of deep time, and it’s one of the less heavily represented tribes at most peak oil events.
What set The Age of Limits apart is that it was specifically for this latter tribe, and the enthusiastic turnout in response to very muted publicity—little more than a few posts on blogs—shows me that the audience for such discussions is a good deal larger than I had any reason to think.
2)"the extent to which people in that tribe—and, I suspect, across a broader spectrum of society as well—are hungry for meaningful discussions of one of the taboo topics of our age, the relation of spirituality to the shape of our future. That hunger came as a surprise to our hosts..."
2a) It’s among the major failures of contemporary Western culture that the keepers of its religious traditions have so signally failed to deal with the core issues of our time. There’s a history behind that failure, of course.
3) Something has gone very wrong. That’s the message that’s rumbling like distant thunder through the crawlspaces of the American imagination just now. Something has gone very wrong, and those whose public claim to power is their supposed ability to manage things so that they don’t go wrong—the captains of finance and brokers of political power who move from photo op to press conference to high-level meeting and back again—don’t know how to fix it.
That has had any number of unhelpful consequences, but the one relevant here is that either choice makes it effectively impossible for those who speak for religious institutions to say anything at all about the reality of our nation’s and civilization’s decline."
Religion is a major organizing force in American public life; each of the great shifts in American politics and society have been paralleled, and often preceded, by a corresponding shift in the religious sphere....
thus we will now be experiencing a Religious Shift on a Grand Scale.
“In this world, shipmates, sin that pays its way can travel freely, and without a passport; whereas Virtue, if a pauper, is stopped at all frontiers.” -- MOBY DICK, Chapter IX Herman Melville
First, the notion that the trades which caused the losses by JPM were put on in the last six months or so seems to have been widely accepted in the media. But is this really the case?
Religion is a major organizing force in American public life; each of the great shifts in American politics and society have been paralleled, and often preceded, by a corresponding shift in the religious sphere....
thus we will now be experiencing a Religious Shift on a Grand Scale.
You are correct there is a shift in America (already in Europe) and the results are not so good. We are going the way of all "great" civilizations that lose their way.
I really expected some posts on Bilderberg from you. It is that time of year:)
As iron sharpens iron, So a man sharpens the countenance of his friend. -Proverbs 27:17 (NKJV)
I see an increase in the number of rings in each circus, and a growing number of circuses and circus acts!
IT takes power and lots of it.
Something that they're running out of, with every misuse and abuse of same....;}
Violence is all they've got now. Cause the 'bread&circus' thing is floundering.
All his life he did his best for all And the crown of laughter Hanging low The spotlight in the ring, The choruses that sing The paint and masquerade Was just a show The clown - the clown Happiness around Just a soul lonely in the crowd The clown - the clown His heart is all alone No one wants the tears of a clown The living of the glory and applause The circus tent, The only home he knows The cover-up is bold, The mask becoming cold It's easier to let the eyelids close The clown, ... The final curtain falls for all to see The final score , the circus melody His star that shone so bright, Gave comfort in the night The light that always held him Set him free The clown, ...
Thanx Robin, for your remarks yesterday on religion.
I can tell when folks, like you, hit a big MEME (bigger than a paradigm;).
My peeps across the internet hit on the same one. At the same time.
Like the light bulb was invented simultaneously across the globe.
or the plane was invented at the same time.
The Big Ideas are grasped simultaneously/instantly across the globe.
Just so religion & problem solving taxonomies:
"Try to imagine for a moment the likes of Katie Couric, Anderson Cooper or the vacuous Brian Williams going on the air and directly defying the President and the whole American military establishment like that. It is simply not conceivable.
The same is true for peak oil. It’s an abstract study of many interrelated, complex factors which cannot be seen firsthand, and lots of unfamiliar data. Understanding it fully requires spending tens of thousands of hours in taxing, System 2-type thinking. (And having spent tens of thousands of hours on it, I can also tell you that for the most part, it’s deeply unpleasant.) The implications of it conflict immediately and directly with most of our experience, especially for those who aren’t old enough to remember the gasoline shortages of the ’70s. It doesn’t have the same ring as “Drill, baby, drill,” and it doesn’t rhyme. And then, if you’re one of those odd autodidactic birds who’s gone far out of your way to become literate in the subject, you’ll find yourself virtually alone with the knowledge, and most people you know will think you’ve lost your mind, your sense of humor, and your “optimism.” Tribal tendencies
"The late, great author and blogger Joe Bageant used to refer to the media as the American Hologram, a term that I have borrowed to employ frequently on this blog because it so perfectly describes what it has become, especially on television. It must be said, however, that this was not always the case. There was a quaint time in America, oh say about 44 years ago, when anchorman Walter Cronkite could effectively spell the doom of yet another American mindless military adventure by uttering the following words on the air: We have been too often disappointed by the optimism of the American leaders, both in Vietnam and Washington, to have faith any longer in the silver linings they find in the darkest clouds.
More than 100 million are unemployed in the USSA now.
Wonder how long that Syria thing is gonna keep playing on Happy TalkUSSAtv....;}
"Friday, June 01, 2012 1:28 AM
Hyperbolic Selloff Coming? IMF Discusses Spanish Contingency Plans; Madrid Denies Plans; Hispabonos Dropped From Cabinet Discussion
The latest word of the day is the already approved, then denied, then tabled plan to implement hispabonos was dropped from discussion Friday's cabinet meeting according to La Vangauardia.
In the last three months alone, Draghi has poured €3 trillion into eurozone banks in an effort to keep the day of reckoning at bay. He must have known this was an entire waste of taxpapers’ money from the start, and so as always I’m left wondering whether the guy is just an incurable optimist, or a sociopath more than happy to accept a world in which the only things left are bankers and their head offices. But whatever his motives, we are only one major bank collapse away from the sort of inflexible timetable that started the First World War.
Post Fri Jun 01, 2012 8:48 am by mcgowanjm Re: 2012 Bilderberger Meeting
Post Fri Jun 01, 2012 8:48 am by mcgowanjm The problem with being rich and powerful is that you become disconnected from reality.
No one is there(see Jeff Zuckerberg for details) to tell you different. Yes men is all you see.
You don't know your policies have failed until the guards are no longer at their posts. And then it's too late.
The enemy is at the gates.....The Non Linear is at hand.....
The market was anxious going in to the NFP print but once the dismal data point hit, things deteriorated rapidly.
Being “in” produces pleasurable effects in our brains, and being “out” produces real, physical pain. Further, our brains have evolved to make us want to seek status in our tribes, and to prefer immediate gratification over distant, theoretical considerations that might limit our consumption. (For an excellent, evergreen essay on this subject, see Nate Hagens’ post on The Oil Drum, “Fleeing Vesuvius.”)
The mere threat of being on the outs with one’s tribe can be enough to make us avoid thinking independently and rationally about issues like peak oil and climate change.
Simon Johnson: Jamie Dimon and the Failure of the Nation
No matter how you wish to frame it, the Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustained growth and recovery.
Or we can just let them collapse at the rate they're going now and let the Last war start with Peak Pollution....;}
Simon Johnson: Jamie Dimon and the Failure of the Nation
No matter how you wish to frame it, the Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustained growth and recovery."
Which bank will implode first? It’s a mugs game, but an interesting exercise in gambling. And believe me, you can bet your last cent that somewhere in a hedge fund close to you, clients are betting on this very imponderable.
However, De Guindos has stated that the IMF's stress test provides a hypothetical decline in GDP of 4% this year and 2% for next year, prospects "unreal," said.
"The report goes on to say that 70% of Spanish banks can overcome the situation without capital," he underlined Guindos, in an attempt to instill confidence in the situation of Spanish banks.
Anyone who thinks Spain's banks other than Bankia are "perfectly healthy" is a liar or insane.
