Jun 302014
 

Almost six years after the financial crisis, JPMorgan, Citigroup, and Bank of America face fines of around $12 billion each for their role in mortgage malfeasance. In the context of the damage done and the bailout money poured into banks; the fines are miniscule and won’t even cover reparations in one or two blighted areas.

This is after a series of post-crisis banking scandals revealing the fragility of the banking system and after JPMorgan Chase was the only bank to receive an SEC fine combined with an admission of wrongdoing for its well-publicized London Whale incident. Officers of JPMorgan Chase have not been held accountable. Moreover, banks harbor massive balance sheet risk against which they hold insufficient capital.

Timothy Geithner’s Ministry of Truth Tour

Timothy Geithner, former president of the Federal Reserve Bank of New York, a bank regulator during the run up to the financial crises, and later the Secretary of the Treasury, claims that no one knew housing prices could fall. He sounded like a very silly man when he said over and over on his recent book tour that sophisticated financiers didn’t understand the dynamics of a housing bubble. I never once heard him mention well-documented fraud, despite the massive fraud uncovered by Congressional investigations.

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May 052014
 

The monster in America’s closet

We’ve been hearing a lot about the so-called Deep State lately. What to make of this shadowy monster? Some observers link it to the paranoid fantasy called the New World Order, a staple of political talk radio (and a hobgoblin I don’t believe in). In popular movies such as the Jason Bourne epics and Mission Impossible, the Deep State launches hyper-complex schemes that work flawlessly and never fail. That is exactly why they have such high entertainment appeal. Viewers are thrilled by the precision, by the conceit of seeming infallibility. The Deep State definitely exists; it just doesn’t work the way it is depicted in the movies. 

I like to say that I’m allergic to conspiracy theories because human beings are generally too inept to carry out schemes at the grand scale, as well as being poor secret-keepers. Insider knowledge is almost always swapped around, even in secretive organizations, often recklessly so, because doling it out confers status, tactical advantage, and sometimes money for the doler-outer. But the Deep State isn’t a secret. It operates in plain sight.

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Jul 242013
 

“I mean—hell, I been surprised how sane you guys all are. As near as I can tell you’re not any crazier than the average asshole on the street.”R.P. McMurphy – One Flew Over the Cuckoo’s Nest

“Years ago, it meant something to be crazy. Now everyone’s crazy.”Charles Manson

“In America, the criminally insane rule and the rest of us, or the vast majority of the rest of us, either do not care, do not know, or are distracted and properly brainwashed into acquiescence.”Kurt Nimmo

I have to admit to being baffled by the aptitude of the Wall Street and K Street financial elite to keep their Ponzi scheme growing. I consider myself to be a rational, sane human being who understands math and bases his assessments upon facts and a sensible appraisal of the relevant information obtained from trustworthy sources. Of course, finding trustworthy sources is difficult when you live in a corrupt, crony-capitalist, fascist state, controlled by banking, corporate and military interests who retain absolute control over the mainstream media and governmental propaganda agencies. Those seeking truth must pursue it through the alternative media and seeking out unbiased critical thinkers who relentlessly abide by what the facts expose. This is no time for wishful thinking, delusions and fantasies. In the end, the facts are all that matter. As Heinlein noted decades ago, the future is uncertain so facts are essential in navigating a course that doesn’t lead you to ruin upon the shoals of ignorance.

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Jun 262013
 

I have worked long and hard to gather a broad perspective on history. I don’t doubt that there is value in specialization. In fact, I would have great difficulty doing what I do without good specialists.

Nonetheless, my particular set of abilities suits me to play specialist for short, intense periods, and then to integrate my gleanings into a larger whole.

One of my general conclusions has been that if we were to give a name to the last forty years of Western history, we’d have to call it the era of fiat currency capitalism. There is a contradiction built into this term, of course, since fiat currencies and capitalism are oppositional, but such an inherent contradiction is also highly representative of this period.

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May 082013
 

“The real hopeless victims of mental illness are to be found among those who appear to be most normal. Many of them are normal because they are so well adjusted to our mode of existence, because their human voice has been silenced so early in their lives that they do not even struggle or suffer or develop symptoms as the neurotic does. They are normal not in what may be called the absolute sense of the word; they are normal only in relation to a profoundly abnormal society. Their perfect adjustment to that abnormal society is a measure of their mental sickness. These millions of abnormally normal people, living without fuss in a society to which, if they were fully human beings, they ought not to be adjusted.” Aldous Huxley – Brave New World Revisited

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Apr 122013
 

It was no Rumble in the Jungle, that’s for sure. There were no blindside blows to the ribs, no bone-crushing roundhouse punches, and no blood-spattered warriors sprawled out on the canvas for the mandatory 10-count. But by the time ABC’s 15-round bareknuckle extravaganza was over, just one man was left standing, David Stockman, TKO champ of ”This Week’s“ Sunday morning political blabberfest.

The anticipation for the main event had been building for more than two weeks, ever since Reagan’s former budget director had delivered his hyperbolic libertarian manifesto on the editorial pages of the New York Times. Stockman’s incendiary treatise took a sledgehammer to Washington, Wall Street, “mutant crony capitalism”, FDR, the ballooning budget deficits, Lyndon Baines Johnson, the droves of debt-encumbered, consumption-addled Americans and, of course, Beelzebub Satan himself, the perfidious John Maynard Keynes.

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Sep 182012
 

Repeated Lies Call for Repeated Truth Regarding Iran.

As Israeli Prime Minister Benjamin Netanyahu calls “for the US to establish a firm “red line” that Iran’s nuclear program can’t cross without risking a military response,” and the West is marched ever closer to war with the Islamic Republic based on tired and repeated lies, three important points must be kept in mind.


Image: Israeli Prime Minister has been granted air-time to dictate US foreign policy to American viewers in the latest indication that interests other than those of the American people drive American destiny. Make no mistake however, Netanyahu is not in America to represent the Israeli people, but rather the same corporate-financier interests of Wall Street and London that created and sustain him politically.

….

1. The US and Israel admit in their own policy papers that Iran threatens Western hegemony, not Western security (let alone survival): 
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Sep 172012
 

Today the Western peoples are experiencing the destruction of their well being that is comparable to what the one percent in Rome imposed on Roman citizens and conquered peoples. Here is how John Williams (shadowstats.com, 9-12-12) phrases the wipeout of Americans’ hopes:

“Consumers simply cannot make ends meet. Inflation-adjusted, or real, median household income declined for the fourth-straight year, plunging to its lowest level since 1995. Deflated by the CPI-U, the 2011 reading actually stood below levels seen in the late-1960s and early-1970s.”

“At the same time, despite the ongoing nature of the economic and systemic-solvency crises, and the effects of the 2008 financial panic, income dispersion—the movement of income away from the middle towards both high- and low-level extremes—has hit a record high, instead of moderating, as might be expected during periods of financial distress. Extremes in income dispersion usually foreshadow financial-market and economic calamities. With the current circumstance at a record extreme, and well above levels estimated to have prevailed before the 1929 stock-market crash and the Great Depression, increasingly difficult times are likely for the next several years.”

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Sep 072012
 

Oceans of taxpayer money and patience have been devoted to propping up the banking system. Why? So that when we go to retrieve our money from an ATM our money will actually come out. At least that’s what then-Treasury Secretary Hank Paulson told us when the big banks were on the verge of hitting the fan in 2008 and 2009.

The implication was that if the banks failed — “poof” — our money would go with them. Nobody wanted to lose their cash, not at the same time many people’s 401(k)s were being turned into 201(k)s.

The government wasn’t going to let that happen. In the heat of the crisis the federal government committed $23.7 trillion — yes, with a “t” — to make sure bank depositors could sleep at night and bank executives had a place to work during the day.

That big, scary, impossible-to-comprehend number was calculated by Kevin Puvalowski, who worked directly for Neil Barofsky, the special inspector general for TARP (SIGTARP) and author of an illuminating new book about his experience, Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street.

Barofsky writes that the alphabet soup of programs actually maxed out funding at only $4.7 trillion. But again, that number, $4.7 trillion, is $4,700 billion, or $4,700,000 million, or $4,700,000,000,000.

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Sep 062012
 

The short answer:  Americans don’t read.

Indeed, most Americans haven't read a book since they left high school. 42% of college graduates have not read another book after graduating, 80% of US families did not buy or read a book last year, 70% of US adults have not been in a bookstore in the last five years, 57% of new books are not read to completion, and most "readers" (to use the term loosely) do not get past page 18 in the last book they purchased. So, it should not be surprising that the average American reads, and I posit, understands at an 8th grade level. Stefan Molyneux breaks down the jaw dropping statisticts on the decline of the American intellect in this video.

So, what does the average America do with their time since they don't spend it reading? Take a look at the diagram at this link and after you have stopped weeping, read on: In short, the general public works, eats, masturbates, play with their kids for 10 minutes a day, watches television 10 or 12 hours a week, and surfs the web for porn or cute one-liners to post on their Facebook pages. 

But they do not read.

This is why, as a nation, Americans are ignorant. It is why as a nation we are on the train to Armageddon.  Most are too uninformed to stop the train or jump off and that has led us here, to a myriad of false beliefs, a dangerous world view, and a choice that is no choice at all.

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