ΩΩA few weeks ago, I ran a story about how nearly all of the finalists in the latest national math contest were from Asia. Many of the people of various ethnic groups (European and Jewish) who run our government and economy are not Asian and the ethnic groups who used to win most of the math competitions in the past are no longer represented today. Yet, they still run things that require greatest care in understanding numbers and systems today.
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NY passes students who get wrong answers on tests – NYPOST.com
“They were giving credit for blatantly wrong things,” said an outraged Brooklyn teacher who was among those hired to score the fourth-grade test.
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State education officials had vowed to “strengthen” and “increase the rigor” of both the questions and the scoring when about 1.2 million kids in grades 3 to 8 — including 450,000 in New York City — took English exams in April and math exams last month.
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ΩΩThis is just astonishing news. Students only have to make a dim stab and figuring out the answer and they get rewarded? Wow. It seems the teachers grading this goofy test were outraged by this. Nothing is more black and white obvious than math. Right and wrong are blindingly obvious.
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ΩΩThere should be no dispute at all as to whether or not an answer is correct and fudging the issue so that students who get no or wrong answers still get credit degrades the entire concept of teaching math. And this is being done secretively, except for the efforts of teachers who were whistleblowers in this scam. The secrecy is simple to understand: the government of NY wants more Fed funds and gets this if they can show statistical proof that students are learning math better and better.
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ΩΩThis is like economic statistics: if, in an effort to make things look good, the government cooks the stats, we get a fake picture of reality and this leads to economic destruction since good statistics leads to good understanding of cause and effect, for example. In the case of faking economic statistics, the issue of inflation leaps to mind. This has been screwed around with very outrageously and thus, is partially responsible for financial bubbles which develop whenever a country allows inflation to get out of hand. It has also killed working wages and retirees who see actual incomes fall while the government claims falsely that they are doing OK.
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ΩΩThere is some very small good news on the reality of numbers front: the Senate is actually going to sort of audit the Federal Reserve!!! Just amazing. Senate Accepts Expanded Fed Audit
The Senate will accept an expanded Federal Reserve audit proposal from the House as part of Wall Street conference committee deliberations, Sen. Chris Dodd (D-Conn.) told the panel Wednesday evening.
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.The House proposal allows repeated future audits of discount window and open market transactions, whereas the Senate proposal had only allowed a one-time audit.
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The Senate’s provision had already been stronger than what the Federal Reserve and Treasury Department had previously been willing to accept.
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ΩΩVirtually none of the mainstream articles include the words ‘Ron Paul’s bill to Audit the Fed…’ This doesn’t surprise me. Both Republicans and Democrats are eating dirt on this important issue. They played hard and fast to cover the secrecy of the Fed. Why is that? HAHAHA….so they could cook the books in Congress, get easy lending from the Fed for US government loans, hide the many tentacles of the tribal banking looting systems that runs deep into the Fed since day one. It is outrageous and took a second Great Depression to finally get a small peek inside that Fortress of Solitude.
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The president of the Federal Reserve Bank of St. Louis supports a Senate plan that would force Wall Street megabanks to spin off their derivatives units and raise significantly more capital to cover their bets, becoming the third Fed official outside Washington and New York to support a hotly contested measure that’s turning into a Wall Street versus Main Street issue.
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James Bullard, the St. Louis Fed chief, joins Dallas Fed President Richard Fisher and Thomas Hoenig, who heads the Kansas City Fed, as the three Fed officials who publicly support the provision, authored by Senate Agriculture Committee Chairman Blanche Lincoln (D-Ark.), according to one of his spokesmen. The Obama administration and the Fed’s Washington-based Board of Governors oppose the measure and are working to kill it.
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Bullard’s support is key to a measure vehemently opposed by Wall Street. The plan would force financial behemoths that run their swaps-dealing operations out of their banks to reorganize those desks into separately-capitalized affiliates, compelling them to collectively raise tens of billions of dollars in capital to back up potential losses.
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ΩΩBullard recently followed William Poole, a very prolific writer and speech maker. The St. Louis bank is often contesting the NY Bank for intellectual leadership. I visit the St. Louis Fed website constantly to look at their great charts and graphs they so kindly produce for us. Getting any basic information from the NY Fed is like prying into the Kremlin for information on missing people during the Soviet era: impossible. I greatly rely on the St. Louis Fed for information! Also, the people running this branch of the secretive Fed are not members of the Tribe and we all know who this is.
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ΩΩI have spent many hours reading past speeches and letters by previous Fed chiefs who were of the old stock and they stand in stark contrast to the Greenspan/Bernanke era: both men lie nearly reflexively and talk in circles in order to obscure, not explain. One reason so many goofy commentators and our dear, corrupt Congress thought that Greenspan and Bernanke were wonderful wizards creating wealth out of thin air was due to both creating wealth out of nothing good.
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ΩΩAs I keep saying, creating wealth out of thin air is ridiculously easy in any fiat currency system: you simply make it happen by adding zeros to everything. Millions become billions which become trillions without much sweat. It is ridiculously easy and totally fatal. If one is allowed to lie about numbers and cook the statistics, it is laughably easy to create the illusion of economic health. The baton for realistic thinking about real numbers is being passed on to Asia and the internal corruption of this ethical/scientific force is draining rapidly out of the West and in particular, is hitting the Jewish community harder and harder.
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ΩΩBack when the Chinese under Mao were living a life of lies, the Chinese were barely able to cope with hard numbers, this also wrecked the intellectual abilities of the Russians, too. The cultural and social recovery of the ability to comprehend numbers and systems is at the heart of all economic revivals. The US must stop faking data and deliberately misunderstanding what numbers represent if we are to pull out of our cultural nosedive.
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Investors Back Obama Bill Without Ban on Proprietary Trading – Bloomberg.com
Global investors support U.S. legislation that would raise capital requirements for banks and strengthen consumer financial protection, even as they oppose the so-called Volcker Rule to ban proprietary trading by financial institutions, a Bloomberg News survey shows.
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…Investment professionals said they want to see changes to rein in risk-taking, the survey showed, even after Wall Street firms spent months lobbying against much of the regulatory overhaul put forth by President Barack Obama and U.S. lawmakers.
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….Regional differences were pronounced on the swaps-desk and consumer-protection provisions. Forty-six percent of Asian investors in the survey said they supported separating the trading desks, compared with 33 percent of U.S. investors.
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ΩΩThe efficiency of the Chinese system is glaring here: the US has to dilly dally forever before doing obvious and important things. China’s government moved very quickly, repeatedly, to raise the bar on capital requirements due to bubbles forming. We live in a very unrestricted system which has no bar to credit creation at all except for government fiat rules. Letting a fiat currency run riot is a catastrophe. In Europe, the Germans played the role in restricting fiat funny money creation and failed since fellow countries in that system jumped onto the free money bandwagon, destroying the entire system which now limps along, barely able to keep ahead of the wave of money destruction inherent to all bubble economies bursting.
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ΩΩRaising the capital requirements of our banks should have happened long, long ago. But thanks to the Bank of NY branch of the Fed, this wasn’t done and Bernanke and Greenspan fought doing this tooth and nail and used faked statistics and numbers about inflation in order to hide the truth. What is really scary is that Asian investors are drawing away from US investors on the issue of restraints on credit and separation of deal making. It shows that at least half of the Asian traders are realists (the other half in Asia are transplanted US and EU people operating out of Singapore and Hong Kong, for example or Japanese who are dead center to the corrupt system).
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ΩΩ13% more Asian investors think putting limits and controls on things is good. This is a significant variable. It shows a widening gulf between the philosophies of Western versus Eastern financial systems which is very critical since the rules and restrictions being proposed here are absolutely necessary for the survival of our entire financial systems. Playing very risky and even outright fraudulent money games make lots of easy wealth for the very connected people playing these scams but are also extremely destructive to the overall system. And the Asians figured this out. The US, EU and UK have refused to figure this out. Except for the Germans.
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Franken Battling Frank On Wall Street Reform
Al Franken is battling Barney Frank to save the life of a credit rating agency amendment that the freshman Minnesota Democrat was able to include in the Senate’s Wall Street reform bill. Franken would bar banks from choosing which rating agency can rate which product – the current system creates conflicts of interest leading to artificially rosy ratings. Under Franken’s proposed system, raters would be assigned randomly to a financial institution, leaving them with the freedom to issue a poor rating without fear of losing business — raters who are more accurate will get more business.
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The House bill does not contain a similar measure and Frank, chairman of the House Financial Services Committee, says the amendment is untested and is offering Franken a study of the issue instead. Franken thinks a study isn’t needed. Debate on Franken’s measure begins at 11:00 a.m. Tuesday, when the conference committee convenes
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ΩΩAt the heart of the recent near-death experience of our entire financial banking system is the credit rating system which is totally corrupt, utterly useless and very fraudulent. High time to fix it! Giving out fake ratings allowed everyone to ignore too much debt piling on top of everything. Now that the spotlight is glaring, the ratings agencies are doing what should have been done long ago. Tell the truth. The US and UK still have high debt ratings but these are fake. The whole, unadulterated truth still is being hidden. As it is in Japan, too.
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ΩΩAl Franken is going to join Ron Paul and Bernie Sanders and Kucinich in the DC Siberian exile for daring to do the obvious right thing that must be done. Congress will swallow the economic elephant and cough up an economic solution mouse. Al Franken will get very little campaign bribes if he persists in trying to do the right thing.
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Spanish banks break ECB loan record – CNN.com
Spanish banks are borrowing record amounts from the European Central Bank as the country’s financial institutions struggle to gain funding from the international capital markets.
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Spanish banks borrowed €85.6 billion ($105.7 billion) from the ECB last month. This was double the amount lent to them before the collapse of Lehman Brothers in September 2008 and 16.5 percent of net eurozone loans offered by the central bank.
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This is the highest amount since the launch of the eurozone in 1999 and a disproportionately large share of the emergency funds provided by the euro’s monetary guardian, according to analysis by Royal Bank of Scotland and Evolution. Spanish banks account for 11 percent of the eurozone banking system.
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ΩΩGreece got downgraded by the ratings agencies which didn’t tell the truth for the previous 15 years. This is more like closing the barn door long after the horses ran off. Credit continues to pour out of Japan like an unstoppable river despite Japan’s debt excess leading the entire planet at 200% of GDP. Yet, Japan has a high credit rating! And the US has a much lower GDP to debt ratio but has the world’s highest trade deficit ratio which is just as troubling and cause for the US to restrict the creation of credit until this is corrected.
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ΩΩSpain is tumbling off of the same cliff Greece fell off of but Italy owes three times as much as either country and will totally wipe out any credit coverage deals the Germans create to prevent defaults. Germany knows this and is very, very irritated by this.
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ΩΩGermany sees increasing gap between rich and poor | Germany | Deutsche Welle: Germany used to be very proud of the socialist equality of its solidly bourgeoisie economic culture but like Japan, this has grossly eroded over time thanks to the many pirate island banking systems which allow the evading of paying taxes and thanks to the ‘liberalist’ policies of the last 20 years of ‘free trade’, Germany makes more, exports more and has had the best balance of trade profits statistics on the entire earth….and the workers are losing out while the top 1% gets richer and richer. This will lead to dire problems in the near future for unlike the US, Germans can put direct pressure on the government since the country is physically much smaller than the US.
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ΩΩGerman Government Approval Rating: 86 Percent Dissatisfied: Very swiftly, the middle of the road conservatives are collapsing. This is classic: when the bourgeoisie deals collapse in a depression, the political landscape shifts to a very violent confrontation between the far right and the far left. The far left is at a great disadvantage right now because its basis has a lot of ‘workers of the world unite’ to it and this means, no support for protectionism of any sort. This cripples any ability to appeal to scared people who see a flood of aliens entering via an open back or even front door as well as not stopping international financial games which entangles the economic system in other system’s failures. This is how Japan exported its huge depression system to the West.
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Russia to Buy Canadian, Aussie Dollars for First Time (Update3) – Bloomberg.com
Russia may add the Australian and Canadian dollars to its international reserves for the first time after fluctuations in the U.S. dollar and euro.
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“Adding the Australian dollar is being discussed,” Alexei Ulyukayev, the central bank’s first deputy chairman, said in an interview at an event hosted by Bloomberg in Moscow last night. “There are pros and cons. We have added the Canadian dollar but haven’t yet begun operations” with the currency.
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ΩΩRussia is doing the BRIC strategy: buying up the currencies of other resource export powers, Russia hopes to further impede US and EU attempts at buying cheap mineral and oil commodities. China is doing this, too. The US regurgitated immense amounts of dollars and used to this to fund our trade deficits. Now, this is slowly evolving away from the dollar and this will eventually shut us out of world trade. Both Russia and China have little use of the US in the far future and both intend to bring our empire to a close before 2025.
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ΩΩEurope is very dependent on Russia for energy and very fearful of Russia due to a long, long history of European sneak attacks on Russia ending with Russia controlling Paris or Berlin. This dark past lives very much today. Poland and other Eastern European countries want very much to be embraced by the further western edges of Europe like, say, the UK as best buddies. But reality here is obvious: Berlin MUST draw closer to Moscow to function properly. The ideal axis of power in northern Europe is a Russian/German dominated system which integrates both much closer in industry and finances.
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ΩΩGermany’s refusal to do this will cost them dearly in the future. China has a long history of conflict with Russia due to Siberia just as China and Japan have been in strong conflicts in the past but the Chinese know that they will always be the epicenter of influence for at least 1,000 miles around their great perimeters. Another reason for Russia to court Germany or rather, for the Germans to look eastwards, not westwards to the sinking US/NATO system. Russia will eventually fall into China’s orb of influence if Germany doesn’t move eastwards much faster.
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Soros Says ‘We Have Just Entered Act II’ of Crisis (Update2) – Bloomberg.com
“The collapse of the financial system as we know it is real, and the crisis is far from over,” Soros said today at a conference in Vienna. “Indeed, we have just entered Act II of the drama.”
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Soros, 79, said the current situation in the world economy is “eerily” reminiscent of the 1930s with governments under pressure to narrow their budget deficits at a time when the economic recovery is weak.
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Concern that Europe’s sovereign-debt crisis may spread sent the euro to a four-year low against the dollar on June 7 and has wiped out more than $4 trillion from global stock markets this year. Europe’s debt-ridden nations have to raise almost 2 trillion euros ($2.4 trillion) within the next three years to refinance, according to Bank of America Corp.
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ΩΩHe is correct. This is why, from day one, I call this the Great Depression II. He won’t talk about Japan’s central role in creating this depression. Just as Europe’s WWI debts were directly responsible for the total collapse of international banking after this created a huge US bubble, so is the US Cold War/War on Terror debts crashing all world banking systems after creating huge trade profit bubbles due to running immense trade deficits. For much of the Cold War/War on Terror years, Japan has run huge trade surpluses with the US which turned into a toxic stew of debt in Japan leading to Japan going into a depression.
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ΩΩJapan’s depression is getting worse, not better. Attempts at exporting its way out of this depression have FAILED. This proves that ALL models of how Great Depressions are caused by protectionism are proven to be inaccurate. Japan has a protectionist culture but this wasn’t balanced with the US echoing it. So Japan’s condition worsened even as it successfully invaded world markets. A new ideology has to be created to explain Japan’s long, long, endless world trade profit-driven depression.
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ΩΩThe US and EU can’t go ever deeper into debt to deal with this depression cooked up in Japan. We can all go to 200% GDP into debt and not fix the problem because the problem is not being understood at all….except perhaps, in China! The Chinese have worked hard to prevent a flood of foreign money flowing into their systems. They firmly turn off the spigot while the US and Japan turn it violently on. And we are replicating Japan’s economic destruction here at home. We knew in 2002 that the collapse of Japanese real estate values created conditions for a depression there.
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ΩΩYet, we did the exact same thing, here, under Greenspan and Bernanke! This failure to learn is due to wishful thinking and a refusal to even look at Japan. Years ago, when I used to debate economics professors (who are now no longer participating in any debates with the public at all!) online, I would constantly harp on and on about Japan. One professor finally said, ‘Shut up about Japan! We don’t care. Only China matters!’ To which I wrote, ‘Are you nuts? The future financial collapse will be due to the collapse of the Japanese carry trade!’
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ΩΩGeithner Says China’s Yuan Peg Hurts Global Recovery (Update1) – Bloomberg.com: See? Typical headlines. It is all about the yuan. Fixing the yuan is pointless unless the yen is fixed. Fixing the yen is easy: the US and EU buy up a lot of yen! HAHAHA. And hold this in their damn FOREX accounts! HAHAHA again. As Russia is now suddenly doing with Canada and Australia. The US can buy up oodles of yuan. This means shifting our system. This means an honest and open Fed that doesn’t lie about FOREX account systems.
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ΩΩThat is, the Fed has to finally admit the entire ‘floating fiat currency’ system works ONLY if the US holds huge euro, yuan, yen, peso and loonies as possible until trade balances! The US FOREX accounts are virtually the smallest on earth! It is EMPTY except for token amounts of foreign currencies. 90% of it is either US dollars or gold reserves! And is SMALL. Very, very small. Geithner wants a stronger yuan? BUY AND HOLD, buddy! Sheesh.
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ΩΩI think the systematic looting of the US government by Jewish politicians and financiers on behalf of Israel has destroyed their ability to see any truth in anything. This is why they won’t say, our free trade deals are killing us. It is making Israel very strong. Israel didn’t even have a depression during this mess due to the US paying most of Israel’s bills, for example. This is corrupting our own systems in various dangerous ways: we are seeing an inability to think clearly about systems analysis spreading here due to delusional thinking which helps Israel but kills the host nation. A ruthless examination of our finances and trade will lead to severe protectionism of both our borders (no more toleration of any illegal aliens) and our financial situation (no more free trade, oil imports).
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asahi.com（朝日新聞社）：Banks using huge deposits for bonds, not loans to companies – English
Japanese banks have a record fund surplus, but the weak demand for loans has prompted them to buy national bonds and expose themselves to potentially huge losses if interest rates rise.
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The increasing reluctance of businesses to take out fresh loans could also hurt the Bank of Japan’s planned lending program to nurture companies in growth sectors and bolster the economy.
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According to the Bank of Japan’s report on Principal Figures of Financial Institutions for May, released Tuesday, Japanese commercial banks had an average 396.12 trillion yen ($4.34 trillion) in outstanding loans, down 8.39 trillion yen from the same month a year ago…..Banks held a record 136.73 trillion yen in national debt in April, up nearly 30 percent from the same month in 2009.
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ΩΩThe EU and US must look to Japan to see what lies in store for all of us: a grinding and perpetual depression that can’t be fixed by high trade surplus profits. The US, of course, never has any trade profits under the floating fiat currency regime. The central bank is hoarding dollars and euros and all the other banks are hoarding, too! And they are STUCK there and no one can raise interest rates due to this crushing system and the longer it runs, the worse it will be. The rebound here will be immense: 25 years of hyperinflation!
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ΩΩBill To Help Unemployed Fails In Senate – latimes.com: The US knows this. And lies about it. The attempts at stopping social spending so as to not go bankrupt is just plain silly since the US has continued to increase military spending and is now engaged in a futile battle of wills with an impossible population renown in history for resisting empires. Money for Israel will flow like sludge and money for these pointless wars will also flow like blood from a vampire’s jab. But money to be kept and spent within our own borders will be ruthlessly cut. This is very stupid and goes back to the business of our empire: nearly all of our military spending flows out to the rest of the world.
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ΩΩIn return, we have a few jobs here but these cost us a trillion dollars in debt each year! We can’t afford this! Both Russia and China are no longer crippled with huge military overhead debts. They are going to take over the international power systems. The US is clinging to the Soviet-style world domination pattern which leads invariably to bankruptcy. It is painfully obvious at this point. We are getting the hell of the Japanese depression system with the total hell of the Soviet social service/business collapse due to wars! Talk about DUMB AS HELL!
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ΩΩMexico’s deadly drug violence claims hundreds of lives in past 5 days: a huge wave of chaos has washed over Mexico this last week. It is now worse than the chaos in Iraq and Afghanistan and is rapidly turning into….that mess over here, right inside the US itself. Mexico is the US slave plantation state which gave us oodles of oil and lots of cheap, cheap, undocumented labor. In turn, the US has controlled Mexico’s politics and made each and every leader, ‘elected’ via very corrupt systems (as corrupt as our own!) so that the popular will can never show up as actual laws and social systems!
Most Americans back new Arizona law, Washington Post-ABC News poll finds
Most Americans support the new, controversial Arizona law that gives police there the power to check the residency status of suspected illegal immigrants. But most also still back a program giving those here illegally the right to earn legal documentation, according to a new Washington Post-ABC News poll.
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Immigration has been rising in prominence as an issue and has the potential to roil party unity on both sides as Democrats and Republicans push for the upper hand in the midterm elections. Liberal Democrats are broadly against the Arizona law; moderate and conservative Democrats are more evenly split on the issue. Most staunch Republicans oppose a “path to citizenship,” while a majority of other Republicans favor such a plan. At the Texas Republican convention last week, the party splintered over the issue, with moderates proposing a legalization plan through military service, and the party ultimately adding an Arizona-like measure to its plank.
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ΩΩNote that, as I predicted accurately, the majority of Americans support Arizona’s efforts. I am not surprised by this poll at all. I was attacked here for telling the truth. We have to be realistic! The liberal media is very Zionist but the Zionists want zero protection for the US from ‘outsiders’ while having maximum access to the US for all foreign Jewish people who like to roam back and forth between their racist state and the anti-racist US. To keep our borders open for them, they keep it open to anyone.
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ΩΩThus, the US Zionist media owners attacked pretty ruthlessly, the protectionist actions of Arizona. Note also how the GOP in Texas wants to use these illegal Mexicans as military tools to send off to our many foreign bases to be used and then killed! The deal that appeals to most Americans is to legalize our illegals and then stop the tide of illicit entries. But this will not work unless we also push hard to end the dual citizenship con game. You can’t be tied to two countries! People have to put down roots here and these roots have to be ‘united’ and not ‘I’m really a citizen of another country and hope to rip apart the US so we can be a racist enclave like Israel’ sort of ‘citizen’.
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ΩΩThis is also why the US Congress has to denounce the racist state of Israel and tell the world, this is a concept of a country we do NOT support and that we are against ethnic enclave politics and we embrace our own immigrants and they will embrace our secular, free, non-ethnic power culture that lets anyone come here and do the best they can! This house cleaning is desperately needed. I go on and on and on about Zionism because it is a mental disease that is infecting all systems in a very bad way just as the floating fiat currency con game is destroying our nation. We have to rewrite the history of protectionism in order to understand the need for it just as we need liberalism and an open mind so we don’t turn into Nazis!
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ΩΩA good dose of liberalism is a breath of fresh air! And the iron fist of protectionism is the only way to have a liberal society! That is, we have to balance the two forces. One or the other is dangerous if it dominates too much. The concept of secularism is highly important and has to be balanced by sincere private religious practices. Coupling the two together leads to monstrosities like Israel or Saudi Arabia! Both countries which I think are hideous places to live. Ditto, the Vatican and various religious exclusion communities in the US.
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ΩΩWe have to balance all of these things, nothing lives in a singularity state except for maybe black holes that suck in entire galaxies.
‘Shut up about Japan! We don’t care.
Economists like to imagine that they are scientists and they can’t get the hard data on the Jpy carry trade, as you pointed out.
Jefferson said, “a government which makes a policy of long keeping secrets from its public is no longer working in the best interests of the people” and “only criminals and tyrants require secrecy.”
Ah, yes, a cleansing breath of fresh transparency…..and the revenge of a country laid waste by international banksters
http://thelede.blogs.nytimes.com/2010/06/17/victory-for-wikileaks-in-icelands-parliament/?hp
http://www.immi.is/
BP is a sleeper cell:
http://www.intoon.com/Index.cfm/id/86695
I certainly agree about the dual citizenship threat to our country. This rarely existed when I was a child and only applied to a small handful of European nations who were instrumental in the founding of our country, and had direct political and economic connection with us. Those people were required to become legalized citizens or there were severe penalties. Guess that was peddled as racism or something. So the doors were kicked wide open. Now apparently sovereignty, protecting our borders and national interests mean nothing anymore – global free-market neoliberalism and all. Seems more like a free-for-all that we’ll be required to pay for.
How many other countries allow such loosely qualifying dual citizenship? What the hell is the point of having a federal government? It’s certainly ceased to function in the interests of the vast majority of our citizens.
Can’t do simple basic arithmetic, can’t even understand their own language, even when it’s dumbed down… oh dear
http://edition.cnn.com/2010/POLITICS/06/16/obama.speech.analysis/index.html?hpt=C1
Wonderful analysis of the china situation today by the blogger Golem 14, who was made famous by the Guardian.
http://golemxiv-credo.blogspot.com/2010/06/china-to-us-i-still-care-for-you-but-as.html
In brief … Lots of strikes happening at the moment in china… but, very curious … Strikes only happing in foreign owned firms! (no strikes in chinese firms). i.e. In china even the strikes are centrally planned by the politburo to futher the government’s designs. The strike action is admistered by beijing to suck more capital back into china. And, as the start of phase two of the ‘greater china plan’, but presented as mere ‘accidental’ activity by dissenters.
… Golem’s blog and Elaine’s blog are the only two i’ve found so far that tell the economic truth on the whole internet. Also possibly – The Automatic Earth.
If anyone has any other suggestions for truthful blogs i’d love to hear them.
Sometimes you can find good articles on the Silver Bear Cafe, such as the recent articles by Dmitry Orlov, whom SBC just recently discovered, I guess.
You can also find some real whacko articles there that help you to keep in mind that there is no common purpose in this country, only a majority of people who are mostly thinking about money at any given time.
Beyond that it is slim pickin’s. Kunstler is good for a laugh, but watch out for his Israel first policies. The Archdruid Report is very good, but it is not overly concerned with economics — more with survival in a resource depleted world. Dixie Gun Works is a good source for well-made firearms that can be easily repaired and maintained by yourself without recourse to factories, armories, the military/industrial complex….
Oh… sorry. Got carried away there. Back to Elaine.
EMS: “…as I predicted accurately, the majority of Americans support Arizona’s efforts. I am not surprised by this poll at all…”
So is the answer to emulate the Israeli policies? Should we desire the kind of racist answer they have arrived at. Tracing the Arizona bill to its original authors, tags it to very right-wing sources.
The ulterior motive of Arizona’s new power is intimidation of the Hispanic community. If the majority indeed supports this nonsense; it first of all implies that they are not of the community that is open to harassment. People will never vote to directly authorize the authorities to harass them. Laws like this have, as their purpose, the intimidation of “the others”.
The country hasn’t advanced that far from Nixon’s Silent Majority; these people are still as xenophobic as those who preceded them. I’m afraid the country has really gone around the bend, as far as mindless authoritarianism is concerned.
There is intellectual dishonesty in scrambling the issue of barring entry to illegals across the border, with the altogether separate issue of ethnic harassment and intimidation. Something has gone terribly wrong in this country when one community feels entitled to use another community as the butt of abuse. The same people targeted for this kind of hassle are none other than those who were traditional targets of vote suppression at election time.
White guy privileges are now being stretched toward squelching 14th Amendment, or at least its provision for citizenship as the result of natural birth in this land. And the origins for stripping newborns of their US citizenship, is the very same reptilian sort of mind that hatched the Arizona law.
Hmm. Mexico as U.S. version of Gaza ?
Just imagine how much worse, if the BP/GOM mess goes worst case scenario… just hope that author is exaggerating and overly-pessimistic…
“…an oil gusher under the sea floor that cannot be stopped (ever). The entire oil reservoir will be drained dry, pumping billions of barrels of oil into the gulf. Included will be untold amounts of methane gas. The possibility of a explosion of such magnitude that I can’t even describe would exist. The environmental damage alone of an unstoppable well is almost beyond calculation. All of the Gulf of Mexico would be totally lost. All the coast lines throughout the Gulf, Florida and up the East Coast would be lost. Cuba, Bermuda, every island for thousands of miles around would be lost. And that’s just from the oil.”
http://survivalacres.com/wordpress/
Our ulterior motive is intimidation of the Hispanic community???
As an Arizona resident who has seen the destruction of illegal immigration first hand, I can tell you without hesitation to shut up about something you are ignorant about.
Illegal immigration was destroying our schools, our hospitals, our budget, our visible landscape, our property values, not to mention the lives destroyed, literally destoyed as in dead and gone forever, because of illegal criminals and drunk drivers.
Thankfully, the destruction has eased tremendously in the last 2 years, as laws have been passed against illegal hiring and the contruction economy has collapsed.
Until you have seen illegals destroy YOUR community, you should SHUT UP.
@Justin
I am not living in upstate New York; I live in Texas, a state that borders Mexico. And here there is a tragic history of depredations and killings of innocent Hispanics on our border. So don’t tell me to shut up.
Your outburst of emotion has a lot to do (I think) with self-righteousness without self-reflection.
You are so fixated on being a victim, that it’s possible that you are not so worried about injustice visited someone other than yourself.
Right, blame the victim for protesting the destruction of his community? Are you for real?
One the one side: real destruction of communities/health care systems/ educational systems/ neighborhoods, real violence, real death. On the other side: your concept of “injustice”.
Sorry dude, you lose.
The concept of injustice definitely has a lot to with “whether you’re pitching or catching” as we say here in Texas.
Are you pitching or catching? Are there cops bugging you for your birth certificate?
The Daily Beast is revealing that we are slaughtering them over there! 140 dead, most of them women and children. I think this is why we’re now fighting them over here!
@wb,
It’s not billions of barrels, I have read the oil field in question has only 100 million barrels in it. Still, that’s 100 million too many escaping into the Gulf, no?
@ Copeland-
Like Justin, I live in Arizona, in the district of the state senator who authored the most recent controversial immigration bill. Within this district, which is in one of the 40 largest cities in America, there many lower and middle class neighborhoods and some upper class areas too. However, there are several main streets where it feels like you’ve crossed the border into Mexico. (Bring your passport!)
Unlike you, I don’t see any victims. Each illegal immigrant has chosen his status. Most are from Mexico, but some are from Central America. They all know how poorly Mexico treats its immigrants entering from its southern border. They all have chosen their circumstances. Yet in spite of the risks of living here illegally, they sit in the shade at major street corners waiting for employers who are looking for day laborers to whom they can pay cash. The cash rate is 5 -10 times the going rate in Mexico or parts beyond. They get no harassment from the local police, unless they are caught driving 16 mph in a 15 mph school zone. If that happens, and the driver has no license or insurance, his car is impounded for a month and then he can pay the tow company to get it out. The same is true for legal citizens. It doesn’t sound like victim status to me.
Thanks to a Supreme Court decision long ago, all these “undocumented” children get free education in English through the 12th grade. In some schools, the local district has given up charging breakfast and lunch fees and just feeds everyone for free regardless of status of National School Lunch paperwork turned in. If the children are “undocumented” they get free immunizations courtesy of the county health clinic. They don’t sound like victims to me.
When these “undocumented” students graduate, they can steal an identity and work, and if the mandatory E-Verify program notices a mismatch, they continue to work. If two people with different names claim the same social security number, the SSA doesn’t care as long as the taxes keep coming. There will be no charges for fraud. If I ever become an undocumented victim, this sounds like pure torture.
After so much abuse from so many tyrannical Arizonans, the only thing besides the corrupt yet effective Sheriff Joe scaring the undocumented away is the lack of jobs. Now that our county is badly overbuilt, with one in ten homes standing vacant, there is not much left for a day laborer to do.
Word on the street is that now that times are tougher, they’re not going back to their home countries where they have the full privileges of citizenship, but rather, to western states with better prospects for day labor and to counties that lack a Sheriff Joe.
I have gone through much self-reflection to understand what is going on around me. With that said, Justin is correct in every way. Schools suffer because children always start their first year not speaking or writing the language (even if they’re in high school!) and the entire class falls behind, and because the tax base suffers from a glut of undocumented people who are not skilled enough to obtain high-wage jobs. In essence, the taxed working class keep the money coming for everyone.
In lower-class areas, two and three families live together in one house, but unlike many cities, the code here allows for such density. And property values drop for those least able to handle changes in property value. As a side note, the suburban nature of certain upper class neighborhoods keeps undocumented people out entirely and leaves the upper classes unaffected.
The county hospital doesn’t provide good service anymore since undocumented residents use it as their personal doctor’s office. Good luck getting service unless you’re bleeding.
It’s a running joke that in the local Phoenix newspaper, the only time you hear the immigration status of a drunk driver who kills someone is the rare instance when he is a legal resident. Otherwise, the news is silent.
Arizonans who want to overturn the latest immigration bill are scared because if they offer a proposition which fails, and the inverse passes, such propositions cannot be overturned by the state legislature as per the state constitution. And Arizona has had the foresight to require a paper trail in all electronic voting machines as well as mandatory identification at the polls, which makes voting fraud very difficult.
I’m not in favor of intimidating the Hispanic community at large (in fact, I’m part Hispanic although you can’t tell by looking at me), but count me in as favoring the intimidation of the illegal community. If you are undocumented and think you are a special case, you can petition the courts for redress. If you’re one of Obama’s relatives, you just might obtain the redress you seek. And may justice prevail.
Rob.
Copeland,
I think you’ve missed Elaine’s point regarding the video. A national park – our property – has been closed and legitimate U.S. citizens have been warned to stay out because of the dangerous situation. The sheriff of Pinal County is underfunded and understaffed and cannot protect the entire county’s legitimate, tax-paying citizenry.
I think they are the victims rather than the illegals who’ve taken over our federal lands and are causing dangerous situations to our own citizens.
the china strikes are wierd huh… all of a sudden the chinese form communities of ideas regarding labor…. could be, but from what ive seen of china there hella communist ‘western reporters require informant guides’
.
i love how the politics of federal government allow ANYTHING to go for corporations who can be held liable… BUT the USGov which you need permission to sue has this high moral ground and so cannot defend the boarder cuz its like bending the law or something… we need ever more irrational US identity or what… what is the point of millions of illegals ‘dont tell me they cant be stoped/deported’ are we saving our identity as lawful subjects of some warm hearted ideology??? then why pay taxes to support the oppressive corporate stranglehold on credit/debt if were so warm hearted after all..
.
.
toilet paper can fix that
Then why does Elaine want to conflate this with the Zionists and their racist policy with respect to Palestinians? And she says she was attacked for telling the truth. It’s a complex truth; and as I said there are two distinct issues to consider. But defending Arizona’s new power was the point of quoting the poll results. See, the majority goes for it.
Maybe the majority would like to deface the 14th Amendment. And if they are pining for the slaves their forbears once owned; maybe they would like to bump off the 13th as well?
A limitless vista of boodle and new territories of which to make new slave states, was part of the impetus, in 1846, for the War with Mexico,–the most unjust war ever waged by a powerful country on a weaker one–according to U.S. Grant. And Grant also wrote that the Mexican War was a cause leading to the Civil War.
US$ went down to 90 JPY per $. karl Denninger calls it insider trading.
Copeland
June 18, 2010 at 12:54 am
A limitless vista of boodle and new territories of which to make new slave states, was part of the impetus, in 1846, for the War with Mexico,–the most unjust war ever waged by a powerful country on a weaker one–according to U.S. Grant. And Grant also wrote that the Mexican War was a cause leading to the Civil War.
.
dude mexico is a boodle… i love mexico she truly is a gift to her people… but the drug war is disgusting murder piled upon murder breeding murderers to murder
.
we need to close the border to merciless exploitation of power/money/poverty… yeah yeah yeah mexicans are poor hopeful imigrants jaded by a history of US dominance… but after 2 amnesty’s and massive cross-border cooperation MEXICO IS A WRECK bordering on 3rd world warlords
.
FACT the US can do better than suffer in the self immolation of mexican/south american paramilitary social disillusion… in 35yrs the US has saved its hope for a strong america… but the americas illegal narcotics are not solely the Yankees guilt to shoulder
.
i do not believe that most illegal immigrants are guiltless patriots, infact i would propose the oposite… THEY SEEK TO VICTIMIZE OUR US SYSTEMS cuz ‘the poverty’s better’ and US citizens go to prison for MURDER… its just plain safer to live the SAME LIFE and to me… its not good enough for mexico
.
if all these imigrants are the salt of the earth tell you what, Mexico and Co. could use the help more than US
.
its nice to be ritch
Ed-M
Thanks for link.
We are killing them in
desperation, just like
Vietnam.
People in Florida
getting sick.
http://theeconomiccollapseblog.com/archives/16-burning-questions-about-the-gulf-of-mexico-oil-spill-that-we-deserve-some-answers-to
Our Banking System
is Insane:
US Struggles With The Truth
One is tempted to ask what version of Truth we talking about here?
Are we talking about Truth from the Arrogance incarnate power centers? Truth from the morally bankrupt witches and snitches? Or the Truth from the powerless, moneyless ones that get caught in the middle, helplessly gnashing their teeth?
When all one gets is references, allusions, vague implications, sound bites, proxy memos, psychological mindfucking and inconsiderate character assasinations – who needs The TRUTH anyways?
Political brinkmanship, save thy hide seems to be the order of the day in the current political climate. Independence of thought and restless questioning spirits results in bitter results invariably atleast in the GOVERN(EH)MENT. Once I was naive enough to believe USA will be different but alas, what an eyeopening it was. Does one have any other choice in these harsh times other than to pick a side and become a mindless drone for them? If you dont fall in line your career/life stands a very good chance of getting decimated because you will not be left alone even if you try to refuse to play ball. We will initiate a witch hunt and and track you down and continue with the humiliation. Now hows that for starters?
I for one would to like move to Butte, Montana or some remote location in Saskatchewan (Wish I can) and become a independent potato farmer than deal with BPs, Bloated Governments, and Beguiling politicos.
You seem to have gotten that personal goal of mine, down already by moving to a mountain top and I envy you.
Afghan mineral story
Pentagon PR?
http://www.globalpost.com/dispatch/afghanistan/100616/new-york-times-james-risen-afghanistan-mineral-deposits?page=0,0
@Ed-M
Can’t comment on the numbers, Ed-M, millions or billions, I’m not any authority or expert to make an assessment, but there are some folk at TheOilDrum who seem to be knowledgeable and well informed
http://www.theoildrum.com/node/6609
Makes me realize that one of the reasons it’s so hard to get people to grasp the threat from climate change, the CO2 pollution is transparent and invisible, if it was black and sticky we’d all be freaking out…
“…five thousand spills like in the Gulf of Mexico, all going at once, each releasing 40,000 barrels a day, every day for decades and centuries…”
http://www.realclimate.org/index.php/archives/2010/06/five-thousand-gulf-oil-spills/
Nice short history of BP, which helps to explain Iranian’s justifiable anger and hostility towards America, UK, and Israel…
http://www.counterpunch.org/kamiar06162010.html
Arms race escalating for peacekeeping purposes?
A Russian company is marketing a devastating new cruise missile system which can be hidden inside a shipping container, giving any merchant vessel the capability to wipe out an aircraft carrier.
“The idea that you can hide a missile system in a box and drive it around without anyone knowing is pretty new,” said Hewson, who is editor of Jane’s Air-Launched Weapons.
“Nobody’s ever done that before.”
http://tinyurl.com/24gbcv8
Video (only in russian):
http://tinyurl.com/26m2fzj
Thanks for all the many comments and links. I learn something new from readers every day.
As for aliens: the US funds, supports and enables the strictest racial immigration restricting country on this planet outside of North Korea….and at the same time, the very same people funding this state are screaming at Arizona, ‘How dare you stop illegal immigration!’ This bothers me tremendously.
Elaine: you have brought the topic up before, so I am curious. In reference to the decline in math and science abilities among American students, what impact has the use of calculators in school, in particular for tests, had on this drop in performance? My understanding is that in many foreign countries’ schools, the use of calculators is restricted. Obviously there is more than one contributing factor in the decline among American/Euro students, but I was wondering about the use of calculators among students, especially when taking tests.
There is a huge difference in manipulating immigration for economic reasons as here in the US to allow the importation of cheap labor, and now the backlash to that policy – and comparing that to the racist policy of Israel towards immigration.
All immigration has a certain amount of “them and us” mentality, but how the immigration policies of the US and Israel can be confusingly compared, as with the pitching and catching debate, I just don’t understand.
It is very simple: the US pays for, supports and protects neo-Nazi immigration policies and vicious racism in Israel while at the same time, doing the exact opposite here at home.
But the infection of Naziism is very portable. We will become every bit as evil as Israel over time. I like complex societies! They have great cultural riches. Monochrome societies are terribly boring.
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