GOP Wants Blood In The Streets

ΩΩRecently, the Pope, Razi, announced he supported the use of condoms but only to avoid AIDS and then he retreated from this when the guys infamous for hiding pedophiles piled onto him, screaming that they love unprotected sex.  This illustrates how hard it is, even when facing death, for humans to do sane things.  So it is with the US: as our nation drowns in red ink, we haven’t the slightest idea, how to avoid this.  Stopping tax havens from vacuuming up all our corporate headquarters into small offices in Bermuda and taxing the rich is one way to avoid bankruptcy.  Of course, neither the GOP nor the Democrats want to invade and take over Bermuda and thus, put these corporations back into the tax system.  Like all our red ink problems, there is no cure since the people bankrolling our political system want it to malfunction as badly as possible.

.

ΩΩHere is poor Krugman’s latest wail about how we must run even bigger budget deficits while he never, ever mentions paying for our government  via tariffs like in the good old days when our government was solvent:  There Will Be Blood – NYTimes.com

ΩΩ

  • So here’s what the very serious Mr. Simpson (EMS: the odious jerk Obama put on the debt reduction panel) said on Friday: “I can’t wait for the blood bath in April. … When debt limit time comes, they’re going to look around and say, ‘What in the hell do we do now? We’ve got guys who will not approve the debt limit extension unless we give ’em a piece of meat, real meat,’ ” meaning spending cuts. “And boy, the blood bath will be extraordinary,” he continued.

.

ΩΩThe Democrats should have done this!  Why didn’t the Democrats filibuster Bush?  Why did they pass all the military spending bills without a murmur?  During the Bush years, the Democrats faithfully voted to double the US debt.  They expected the GOP to do likewise.  But the GOP leaders are not stupid. They know that the rewards for opposition are great.  Neither party gives one hoot about the American people.  The Democrats want to legalize millions of illegal aliens so they will vote Democratic even if this means destroying citizens who vote today.  The GOP wants to give away everything to the very rich while shipping jobs overseas but then, so do the Democrats in the long run.

.

ΩΩThat is, neither party is redistributing income.  Since the foundation of the floating fiat currency system, both political parties have increased our debts and widened the spread between rich and poor. Both parties killed the unions. Both parties support free trade.  This insanity comes at a price and maybe the GOP will be doing us all a favor by pushing this process madly ahead.  Blood will flow in the streets.

.

ΩΩBlood already flows freely through the streets of Pakistan, Afghanistan and Iraq. The US is drenched in blood already. Our bizarre wars which feature quite a few war crimes we used to condemn when Nazis or Japanese did these, are a feature of our nation today. Like Russia during WWI, the looming fiscal bankruptcy is due entirely to our war making and our failure to stop these endless wars. Our new Soviet-style police state that roughs up elderly men with medical problems and yanks out cancer victim’s replacement breasts is very, very expensive.

.

ΩΩNeither the Democrats nor the Republicans wish to stop this madcap imperial police state! Thus, the need to punish the populace further with social cuts while sending money to say, Israel. Not that any editorialist at the Times mentions this little fact!

.

ΩΩThe GOP is licking its chops because we are involved in a real war: two entities want the same money and power so they can get richer! This is why we are in trouble. Who can we vote for? I see no one. Anyone who is against our many wars, our imperial spending, our flood of financial aid to rich countries (Japan, Europe and Israel, for example)—we spend 80% of the money that supports NATO, for example.

.

ΩΩAnyone who wants to bring home the troops, stop the anti-Muslim wars and defund Israel’s wars of aggression is not allowed to appear in public or is relentlessly attacked by the media. For example, when a prominent antiwar activist, the mother of a dead soldier, spoke out against the Israeli treatment of the Gaza children, she was suddenly made invisible and the media no longer talks about her.

.

ΩΩAnyway, we are at war with possibly a billion Muslims and the NYT worries about internal warfare as rich Republicans fight rich Democrats over who gets what of the Pentagon/foreign aid pie!!!

.

ΩΩWait until the real fighting begins in real streets.  During the Vietnam War, I used to give speeches which were rather simple: ‘The war in Vietnam is being fought in America.  As we bomb Vietnamese cities, our own cities burn!  We have to stop the war and come home and fix what is broken here.  And we have to first bring democracy home before we force it onto other nations.’

.

ΩΩNow on to the rest of the news: the offshoring of all US business continues unabated, indeed, it is accelerating.  Here is the latest example:  Exxon Sells Some Gulf Stakes – WSJ.com

ΩΩ

  • Once the acquisition is completed, Energy XXI would become the third-largest oil producer on the Gulf of Mexico shelf, with interests in seven of the top 11 oil fields on the shelf, the company said. Estimated proved plus probable reserves would increase 72% to 158.1 million BOE from 92.1 million BOE.

.

ΩΩSo, as usual, I like to visit the websites of new organizations and this is a ripe fruit.  As I suspected, this is a pirate operation from Texas that moved offshore while moving nothing but their address offshore:  Energy XXI

Energy XXI – Senior Executives

  • Mr. Schiller… is a registered professional engineer in the State of Texas and is a charter member and past Chairman of the Petroleum Engineering Industry Board, a member of the Look College of Engineering Advisory Council, and a member of the President’s Council at Texas A&M University. His memberships also include the Independent Petroleum Association of America, the American Petroleum Institute, the Houston Producers Forum and the Society of Petroleum Engineers. Mr. Schiller graduated with honors from Texas A&M University with a Bachelor of Science in Petroleum Engineering in 1981, and was inducted into the Texas A&M University Harold Vance Department of Petroleum Engineering’s Academy of Distinguished Graduates in 2008.

 

.

ΩΩIs this man a patriot?  He comes from that flag waving Nirvana, Texas!  Of course, he hates paying taxes so he hooked up with someone who is well-versed in how to evade supporting your own nation.

 

Energy XXI – Board of Directors

  • Before joining First Southwest Company in 1991, Mr. Feinberg was a Senior Managing Director at Bear Stearns & Co. and a former Vice President and Manager of Salomon Brothers in the Dallas office. Mr. Feinberg is a past Chairman of the Municipal Securities Rulemaking Board (MSRB), the self-regulatory organization charged with the responsibility of writing rules governing the municipal securities activities of registered brokers.

 

.

ΩΩWow, this guy has a twisted past!  He was certainly a happy camper, destroying Bear Stearns and running the self-regulatory MSRB into the swamps of alligator and crocodile bonds burglars!  Naturally, this shark is now advising a red hot patriotic Texan how to evade taxes.  I am betting, the Texan is also very heavy into GOP support and loves the tax cuts on his personal income since he still lives in the US, not Bermuda.  Of course, if all of our corporations are moving to Bermuda, we must invade the island and forcibly attach it to the US since it is sucking up all of our taxable corporations.  Ditto to all the other British islands doing the same thing to us.

.

ΩΩI NEVER see anyone calling for our navy to get hopping and take over these hostile little islands run by the Crown of England.  We could tell Elizabeth to can it and force her islands to collect taxes for us. Of course, the pirates would stop moving headquarters there if we did this.  Since they run both the GOP and the DNC, the government of the US supports this denuding of all of our taxable systems.  Money flows rapidly out of the US.  Back two years ago, we were all assured that this didn’t matter since money was flowing into the US but this was DEBT  money which we were borrowing.  The money flowing out is PROFITS that are being relentlessly shifted offshore into tax havens.

.

ΩΩThis is why our government is going bankrupt. Krugman never, ever mentions this. I have read him for years and not once has he called for all tax havens run by our allies to be shut down.  Nor has he called for tariffs and currency controls of the old sort which prevented floods of debt pouring in or floods of profits streaming out.  No nation, NONE in history ever survived hemorrhaging profits into tax havens while simultaneously letting international bankers and investors to create more and more debts internally.

.

ΩΩThe NYT finally noticed what I have talked relentlessly about:  Nations That Debate Coal Use Export It to Feed China’s Need.  HAHAHA…cap and trade is dead, I hope.  I wanted to kill it because I recognized it was merely an appendage of the Derivatives Beast.  Of course, just before the Copenhagen blizzards, a foolish pirate chortled that this cap and trade scam would ‘grow bigger than the energy markets’ in size.  HAHAHA…yes, this was exactly why the elites who evade taxes and prevent protections here in the US wanted this so very badly.  Another scheme to make money speculating literally on hot air.

.

ΩΩMeanwhile, the push to kill unions, remove wealth from the working class and reduce us all to third world peasant status continues not just in the US but in countries facing little financial trouble:  US Steel locks out Hamilton, Ontario workers

ΩΩ

  • The company is seeking to impose a two-tier pension plan. The existing defined benefits plan—under which retirees are guaranteed a set pension—would be closed to new hires and replaced with a defined contribution scheme that places an employee’s retirement at the mercy of stock market fluctuations. Management is also insisting that the pension entitlements of over 9,000 retirees be de-indexed from a cost-of-living allowance that protects the pensioners from inflation.

 

  • Under the company’s “final offer,” the 900 active workers would receive no pay raise during the life of the contract. With the imposition of the lock-out, management announced that it was suspending all health, life and disability benefits for Local 1005 members.

 

.

ΩΩKrugman wants inflation.  This stupid inflation will ravage workers even further.  This will fix nothing.  The owners of profit, the offshore crooks know inflation is being cooked up and so they want to de-index everyone from inflation so the workers, the retirees, the poor, the weak and sick, the lame, the children will get to pay for inflation via starving to death or being much, much, much poorer as they scramble to pay through the nose for food, medicine and energy.  Canada, like where I live, is very cold much of the year.  True, it may be somewhat warmer.  The difference between -40 and a much warmer -35 degrees F is significant statistically but you still freeze your nose off in either case.

.

ΩΩSo energy for keeping warm is literally life and death.  The sneaky way corporations have cemented into place wage reductions is to cut off the older workers from the younger ones.  Terrified that free trade will suck away their jobs, the sign on to this terrible dual system whereby they get to still be middle class while condemning co-workers to a life of poverty.  This unfair division is quite popular with cynical business leaders who don’t care if they kill the Golden Goose and reduce their own population to penury.

.

ΩΩAs for de-inidexing retirees: killing the useless workers is item #1 for the elites!  DUH.  The numbers of elderly who voted GOP this last election is pathetic.  They did this because they are scared of illegal aliens who commit a fair part of the local crimes like stealing cars and housebreaking  and so the Democrats supported the illegal aliens and not desperate retirees in say, ARIZONA which has a very high crime rate now as well as a collapsing school system that is flooded with non-English students whose parents are not citizens.

.

ΩΩPrevious to the sudden surge in US debt defaults, US government debts, we had hot stock markets and other ways of getting rich while merely placing bets in various poorly regulated markets.  Now, the very rich are worried about inflation so they are joining the gold bug community and buying oodles of gold:  Soros Gold Bubble Expanding as ETP Holdings Increase (Update1) – Bloomberg.com

ΩΩ

  • Gold’s 24 percent surge this year to a record is proving no deterrent to George Soros, John Paulson and Paul Touradji, whose investments signal more gains for the longest winning streak in at least nine decades.

.

ΩΩFar from proving a deterrent, Soros and his buddies are causing the gold bull market.

 

  • Securities and Exchange Commission filings this month by Soros Fund Management LLC, Paulson & Co. and Touradji Capital Management LP listed investments in gold as their biggest holdings. Exchange-traded products own 2,088 metric tons, equal to nine years of U.S. mine supply, data compiled by Bloomberg show. Precious metals will produce the best commodity returns in the next year, Goldman Sachs Group Inc. said in a Nov. 9 report.   The purchases show how investors are snapping up hard assets as governments and central banks led by the Federal Reserve pump more than $2 trillion into the world financial system. Gold in exchange-traded products, as much as half of which may be held by individual investors according to BlackRock Inc., is equal to more bullion than the official reserves of every country except the U.S., Germany, Italy and France.

 

.

ΩΩTurning paper into gold.  I have talked about this a great deal.  The entire reason why we had a gold standard was for the government to be a counterweight to credit creation.  This was a handy tool to prevent bankers from creating too much paper IOUs.  They had to back up their debt machine with a RESTRICTOR.  Now, gold is just a commodity used to keep incomes growing even as it is nearly totally non-productive.  This gold is not being used to create credit.  It is hoarded to be sold on the commodity markets to make a profit.  The interesting thing here for me is, when inflation hits, one of the first places it hits is in food and fuel due to people being unable to escape using both on a daily basis to stay alive!

.

ΩΩSo investors will sell gold and move into forcing up the price of food and fuel.  Gold, in itself, is rather inert.  Food and fuel are dynamic.  People who have to spend all of their money just staying alive can’t escape speculators driving up the value of survival  materials.  This is why all sane governments should fear inflation and degrading the currency.  True, this pays off war and fiance debts really fast with cheap money and hammers holders of assets bought when the currency was not debased.  But it inevitably leads to a collapse of the entire government.

.

ΩΩMuch of Russia is still coping with its financial collapse even as the more dynamic sectors repair themselves as Russia now is growing stronger due to exports of raw materials:  For Poor Russians, Blond Hair Is a Snippet of Gold – NYTimes.com.  Poor Goldilocks!  Selling one’s tresses to stay alive.  These are exported to the US and Asia.  We won’t be buying much Russian flaxen hair when we join Russia in ‘bankrupt empire’ land.

.

ΩΩMeanwhile, as food inflation takes off:  Record U.S. Exports Reflect Midwest Boom With 3.7% Unemployment – Bloomberg.com

ΩΩ

  • As businesses across the U.S. struggle to recover from the deepest recession since World War II and the national jobless rate remains stuck at 9.6 percent, Johnson has benefited from his location in the northern Great Plains, where a boom in commodities, such as wheat and soybeans, is helping to create jobs, lift farmers’ incomes and fuel demand for goods ranging from Deere & Co. tractors and Agco Corp. combines to dinners at local restaurants.

 

.

ΩΩTraditionally, when a currency debases and the main thing a country can sell is food and other commodity items, this leads to starvation at home while exporting food like crazy.  This also leads to riots and insurrections (blood in the streets).  Even during the Irish Potato Famine, Ireland exported a huge part of its farm produce.  The British doing this were totally indifferent to the sight of 2 million Irish starving to death.

.

ΩΩAnd even though we just went through banking hell, the bankers responsible for this are still around and in operation as we see from the above story about Mr. Feinberg:  Fair-Value Fight in Finance Making Volcker Rue FASB Dissonance – Bloomberg.com

ΩΩ

  • A dispute between U.S. and international accounting groups about how to value financial instruments is threatening to derail efforts to converge global standards, affecting how trillions of dollars of assets are marked on bank balance sheets. The debate pits the U.S. Financial Accounting Standards Board, which wants to expand the use of fair-value accounting to all financial assets, including loans and deposits, against the London-based International Accounting Standards Board, which opposes such a wide usage. The outcome also will determine how much capital banks have to hold to meet new rules.

 

  • FASB’s proposal, announced in May, could cause 26 of the largest U.S. banks to write down the value of about $4 trillion of loans on their books by as much as $138 billion, estimated Jason Goldberg, an analyst at Barclays Plc. Lenders, regulators and some investors have taken IASB’s side, leaving the U.S. standard-setter isolated in its battle.

 

.

ΩΩThe capital banks operating out of London and the many pirate islands ruled by Elizabeth II don’t want to have to hold much in the way of real capital even as Soros and his buddies are madly piling into hard capital markets to insulate themselves from the rapidly degrading value of paper money issued by many bankers which are backed by bad loans that won’t be repaid.  This is due to bank revenues flowing from fees for making loans, not holding and servicing existing loans.  The people like Soros who used to buy these loans from the banks moved into gold markets.  Meanwhile, the bankers want to keep this game going with minimal capital.

.

ΩΩIndeed, the real problem is, the US and UK are both debtor nations that run a debtor banking system that isn’t capitalized because…this system is being sucked dry of all capital due to offshoring of industry, jobs, banking and tax evasions.  The drainage of all assets and profits from our systems includes having foreigners open factories here but sucking out all the profits to their own havens which are, again, untaxable and if the banking system collapses, won’t be tapped as a revenue stream leaving only a denuded population to support a fractured banking system seeking funds to keep out of bankruptcy.

.

ΩΩAnd here is some interesting news:  Riskiest Bonds Are Haven as Fed Seeks Inflation: Credit Markets – Bloomberg.com

ΩΩ

  • Debt issues from iStar Financial Inc., the commercial real- estate lender, and Atlanta-based credit-card processor First Data Corp. are leading returns of 0.22 percent this month for bonds rated CCC and lower, while higher-ranked BB tier debt is down 0.76 percent, Bank of America Merrill Lynch index data show. Investment-grade debt losses average 1.15 percent.

 

  • The lowest-tier notes offer yields of about 11.5 percent, compared with 6.4 percent for BB bonds, providing a buffer in case consumer prices rise at a faster pace as the Fed prints money to buy $600 billion of Treasuries. When inflation accelerated in 2006, returns on the CCC bonds were 18.6 percent, almost double the 9.9 percent gain for BB debt and 4.64 percent for high-grade securities.

 

.

ΩΩThe fears that these usurious lenders would go belly up has vanished as governments capitalized the banks producing these loans so bond buyers are buying the WORST rated bonds, not the highest rated bonds.  This way, they make more profits.  This is one way insidious inflation kills good businesses while boosting the more irresponsible businesses.  Even as savers who have capital can’t get even 2% on their savings from banks, speculators pile into the CCC markets to get a much, much higher return.  Soros isn’t doing this because his gold buying is boosting the gold market and as it rises, everyone hops aboard so he buys more and then they join in and it is a classic bubble which he will pop whenever he wishes.

B.

ΩΩut these CCC bonds are another story: they will be unceremoniously dumped into our Treasury or central bank if they go bad.  So no one is scared that they will vanish to zero.  Before it reaches that, it will be translated into public holdings and the speculators will run off to another game to bet on.  Translating gold value into a support basis for all major trade currencies is a tough thing to pull off but it must be done since all voluntary systems to prevent wild bubbles have proven to be less than useful.  And the global devaluing currency game has hit rock bottom when not only Japan but the US sitting at zero simultaneously: this is impossible especially since both the US and Japan have created huge amounts of public debt while sitting in ZIRP’s black hole of nothingness.

.

ΩΩWhich takes me back to the GOP threat to create a flood of blood in our streets: it is coming, no doubt about this.  There is this ancient Chinese curse: may your wishes come true.

sunset borger

 

side picture begging boneEmail:

emeinel@fairpoint.net

MAILING ADDRESS:

EMS NEWS

P.O. BOX 483

BERLIN, NY 12022

Make checks out to ‘Elaine Supkis’

Click on the Pegasus icon on the right sidebar to donate via Paypal.


 

sunset borger

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

8 Comments

Filed under .money matters, energy, Free Trade, gold, Politics

8 responses to “GOP Wants Blood In The Streets

  1. melponeme_k

    One of the things that terrify me are property liens.

    As the government desperately raises taxes on anything other than the rich, even people who own their homes are in danger. It will reach a point where it will overreach the public’s meager incomes. Some state governments now sell these property debts to the bank gangsters for easy cash.

    So people will discover themselves in foreclosure even if their mortgage is paid.

    A few years ago, I read a lot of articles on this property lien deal. It promised guaranteed 15% returns or the whole plot of land itself. We are going to see a massive land wars in the next few years. This deal will turn almost everyone into serfs. Literally.

  2. Patrick

    This is true everywhere in America. There are no middle-class property owners. We are all serfs who must continue to pay thousands – sometimes tens of thousands of dollars a year – in property taxes. Long after our mortgages have been paid off. And what do we get in return? Crumbling school systems… back-asswards local government… and a kick in the pants every month. While local officials continue to gorge at the trough, take home 6-figure pensions, etc. It’s a beautiful thing!

  3. nah

    bring home the troops, stop the anti-Muslim wars and defund Israel’s wars of aggression is not allowed to appear in public or is relentlessly attacked by the media
    .
    striking the bell of reason like its some clue momma
    .
    The GOP are nutz… I will admit it… Shameless money hugging retards, you GOT TO VOTE FOR THEM… the passion, the devoid wanting stare, the MONEY… give me lower taxes, lets reset and let them find the lowest common denominator
    .
    self proclaimed math geniuses
    .
    bet all the Democrats and Republicans get together figurin’ out how to make us terrified of what it means to be a Republic. Free Trade or DIE!!! Binding International FINANCE or DIE!!! 1Billion Muslims or DIE!!! Supereconomy or DIE!!!
    .
    stupid fags why dont the pope ridicule these poop squads happy meal prize nose to the wall morons
    .
    http://www.cahrecords.com
    .
    over by christmas

  4. nah

    FYI
    .
    GO CHARGERS… down by 7 on a nice drive… MISSED THE PASS FOR A TD GAAAWD

  5. Joseppi

    “This gold is not being used to create credit.”

    I do believe that statement is wrong. Right now gold held in physical accounts in ETF’s such as GLD are leveraged into paper receipts or shares.
    There’s also mounting evidence that these deposits of physical precious metals are then used to create bets so as the future market price can be shorted, which keeps a lid on the price (At least For now).

  6. emsnews

    The EFTs are terribly unstable. Trust me on this one. You have no real idea, how much gold they actually hold and worse, how many debts are piled on this gold. This is why gold operates best when it is part of a government system not that this stops governments from going very deep into debt to pay for wars.

  7. Joseppi

    “You have no real idea”

    You got that right, but I do think instability is our future, and that all beliefs will be shaken and then stirred with much agitation.

  8. Clueless

    The solution to banksters, a Mathematically Perfected Economy

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s