THE HOUSE I LIVE IN …. (or, why can’t we all get along?)

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Posted on 30th August 2015 by Stucky in Economy |Politics |Social Issues

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Newark was a relatively nice place when we first moved there around 1958. It was clean and it smelled nice. You had a Portuguese section (still there), Pollacks, Dago’s, Irish, Krauts, Russians, and Jews all in close proximity, and getting along just swell. Sure, some of the kids didn’t like me, the nazi Kraut, but that was usually after their parents told them I was evil. Five year old kids, left to themselves, are generally not political and/or racist. We were happy just to get a team together for stick-ball (in the streets), or even for a good game of hide&seek … nationality or color really didn’t cross our young minds. Anyway, the choices of various ethnic foods from all the tiny mom&pop deli’s was simply astounding, and delicious. Not many kids have an amusement park a stone’s throw from their house! It was a nice way to grow up, considering Newark is a big city.

By 1968, all those shops were gone, the blacks rioted and burned down nearby Springfield Avenue, and other areas … and they ruined everything. The lovely ethnic diversity never recovered, as Newark today is a one or two color shithole. Oh, noes … you’re a raayccisss prick! Bite me! That’s exactly what happened. I was there, saw it with my own eyes. To answer my own question, I think I could get along with any group of people, except blacks. They really need their own state. In another thread I proposed we give them New Jersey …. and throw in Connecticut, if necessary.

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The Donald Exposed (for starfcker and his Trumpeteers)

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Posted on 27th August 2015 by Stucky in Economy |Politics |Social Issues

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It is pure idiocy to support a man simply because he is outspoken, or says popular things, or has mastered the art of titillation. Have you people forgotten Chris Christie??

Stephanie says, “People are rallying behind him not because they agree with him, but merely because they find him to be the most truthful.” About … what truth?? The man vacillates between whatever “truth” is the most popular.

Sensetti thinks the guy is great because he’s rich … as if that’s a legitimate marker.

Starfcker likes him because Trump is supposedly different; — “I’ve argued for six months, trump is our UKIP, our five star, our national front. Someone’s got to do the dirty work. You wouldn’t hire a choir boy to break kneecaps. It’s gonna take a real bull.”

— Other people like Trump because he is “not them”. “Them” being all the other rich, deceitful, lying fucks running for POTUS. No, The Donald is “different” in this alternate universe!

— Several people have become single issue voters, and love Trump’s illegal immigration stance, and to hell with everything else … even if it means more loss of liberty, as long as we’re “safe” from the brown taco-munchers crossing our southern border.

— Lastly, there are a certain segment of you, such as goofyfoot, who says – “How much worse could Trump be compared to President Zero and the First Grifter family?”. To which I shake my head in disbelief and where I want to scream out; “Are you fucking kidding me???!! You really don’t think it can get worse????”. Apparently, these scholars have never heard of Adolph, Josef, or Mao.

Here’s a typical Trumpeteer Worship Meeting. I wonder if the fawning bimbo realizes that in a Nov. 1992 interview in New York magazine Mr. Trump said about women; — “You have to treat ’em like shit.”

It’s all emotional bullshit because what one hardly ever reads about from these Trumpeteer Marionettes is an actual discussion about Trump on the issues. It’s more important to squeeze out yet another orgasmic fountain of joy because he threw out some Univision reporter; “Oh, look! Isn’t zee Donald just Wunderbar!!”

Screw that. So, let’s look at what The Donald believes …. by his own words. And, although I can, I will not spoon-feed you links to his quotes. If you think I’m lying, look up the quotes yourself. You might actually learn something about the Donald in the process.

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WHY WE NEED TO LIE TO OURSELVES ABOUT THE STATE OF THE ECONOMY

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Posted on 30th August 2015 by Administrator in Economy |Politics |Social Issues

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by Satyajit Das for The Sydney Morning Herald

Like the characters in Samuel Beckett’s Waiting for Godot, the world awaits the return of wealth and prosperity. But the global economy may be entering a period of stagnation.

Over the last 35 years, the economic growth necessary to increase living standards, increase wealth and manage growing inequality has been based increasingly on rising borrowings and financial rather than real engineering. There was reliance on debt-driven consumption. It resulted in global trade and investment imbalances, such as that between China and the US or Germany and the rest of Europe.

Everybody conspires to ignore the underlying problem, cover it up, or devise deferral strategies to kick the can down the road.

Citizens demanded and governments allowed the build-up of retirement and healthcare entitlements as well as public services to win or maintain office. The commitments were rarely fully funded by taxes or other provisions.

The 2008 global financial crisis was a warning of the unstable nature of these arrangements. But there has been no meaningful change. Since 2007, global debt has grown by US$57 trillion, or 17 per cent of the world’s gross domestic product. In many countries, debt has reached unsustainable levels, and it is unclear how or when it is to be reduced without defaults that would wipe out large amounts of savings.

Imbalances remain. Entitlement reform has proved politically difficult. Financial institutions and activity dominate many economies.

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Did Tim Cook Lie To Save Apple Stock: The “Channel Checks” Paint A Very Gloomy Picture

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Posted on 30th August 2015 by Administrator in Economy |Politics |Social Issues

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Tyler Durden's picture

Back in February 2013, Thorsten Heins, then-CEO of what was once the iconic “smartphone” brand Blackberry, publicly lied that its Hail Mary iPhone competitor, the Z10, had “record” early sales. He told CNET, that “BlackBerry nearly tripled the sales of its best performance over the first week in the U.K., while it had its best first day ever in Canada. In fact, it was more than 50 percent better than any other launch day in our history in Canada.”

Less than one year later, and less than two years after he was hired, the ruse was up – Blackberry’s US market share has fallen from 50% to 3% in four years – and Thorsten was fired.

Fast forward to Monday morning, when the S&P500 had just hit its first limit down in history, stocks were crashing, countless ETFs were crashing more as ETF pricing models were corrupt and broken, the QQQs were plummeting, and none other than AAPL was set to open at a price of $92 wiping out tens of billions of market cap overnight.

It is then that AAPL CEO Tim Cook may have pulled a page straight out of Thorsten Heins’ playbook when did something nobody expected him to do – he panicked, and emailed CNBC anchor Jim Cramer to do what the AAPL CEO himself admitted the company does not do by providing mid-quarter updates, and assure the CNBC anchor that there is no need to sell AAPL stock.

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HOW PUTIN & OBAMA SPENT THEIR SUMMER VACATIONS

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Posted on 30th August 2015 by Administrator in Economy |Politics |Social Issues

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So What Part of ‘Stupid’ Did You Miss?

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Posted on 30th August 2015 by Administrator in Economy |Politics |Social Issues

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Guest Post by Karl Denninger

Sigh

Stephanie Ritter, a 26-year-old Florida State University alum, has listed her diploma on eBay for the staggering sum to cover the ‘actual cost’ of attending the school.

Now $40,000 in debt and living in Southern California, Stephanie is fed up with being unable to find a job in her field, despite having a Bachelor’s degree – so she’s come up with a drastic solution to pay off her loans and ‘validate my use of time between 2007-2011’.

She took $40,000 in debt to study…. theater.

Seriously.  Theater.

What did she think she was going to do with that degree that was worth the money?

This, in the end, is the problem — universities and other “higher educational” institutions, including High Schools for that matter, that push people to get a degree — any degree.  What’s missing from that discussion is any sort of honest examination of the degree itself and what it does for your earnings potential.

An utterly huge percentage of “degrees” today are worth exactly zero.  Most humanities degrees are in this realm; “sociology”, “woman’s studies”, “african-american studies” and similar “fields” are simply worth zero.

So where did she get this idea from?  Let me guess: Her parents and/or High School?

Here’s my suggestion: If you encourage someone — or fail to warn them, having a position of authority (such as a parent, high school counselor or similar) in regard to such a person who is not yet an adult to go chase such a “dream” while going into debt, you should be forced to cover it with your retirement funds so you get to go live in a refrigerator box under a freeway overpass.

And if you don’t have it?  Then said student should eat you.


Leveraged Financial Speculation to GDP in the US at a Familiar Peak, Once Again

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Posted on 30th August 2015 by Administrator in Economy |Politics |Social Issues

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Guest Post by Jesse

“I believe myriad global “carry trades” – speculative leveraging of securities – are the unappreciated prevailing source of finance behind interlinked global securities market Bubbles. They amount to this cycle’s government-directed finance unleashed to jump-start a global reflationary cycle.

I’m convinced that perhaps Trillions worth of speculative leverage have accumulated throughout global currency and securities markets at least partially based on the perception that policymakers condone this leverage as integral (as mortgage finance was previously) in the fight against mounting global deflationary forces.”

Doug Noland, Carry Trades and Trend-Following Strategies

The basic diagnosis is correct.   But the nature of the disease, and the appropriate remedies, may not be so easily apprehended, except through simple common sense.  And that is a rare commodity these days.

Like a dog returns to its vomit, the Fed’s speculative bubble policy enables the one percent to once again feast on the carcass of the real economy.

‘And no one could have ever seen it coming.’

Once is an accident.

Twice is no coincidence.

Remind yourself what has changed since then.  Banks have gotten bigger.   Schemes and fraud continue.

What will the third time be like?  And the fourth?

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‘MURICAN CHAIR

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Posted on 30th August 2015 by Administrator in Economy |Politics |Social Issues

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Of the sheeple, for the sheeple

Via Lonely Libertarian


SUNDAY FUNNIES

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Posted on 30th August 2015 by Administrator in Economy |Politics |Social Issues

Political Cartoons by Bob Gorrell

Political Cartoons by Lisa Benson

Political Cartoons by Jerry Holbert

Political Cartoons by Jerry Holbert

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QUOTES OF THE DAY

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Posted on 30th August 2015 by Administrator in Economy |Politics |Social Issues

“In retrospect, the spark might seem as ominous as a financial crash, as ordinary as a national election, or as trivial as a Tea Party. The catalyst will unfold according to a basic Crisis dynamic that underlies all of these scenarios: An initial spark will trigger a chain reaction of unyielding responses and further emergencies. The core elements of these scenarios (debt, civic decay, global disorder) will matter more than the details, which the catalyst will juxtapose and connect in some unknowable way. If foreign societies are also entering a Fourth Turning, this could accelerate the chain reaction. At home and abroad, these events will reflect the tearing of the civic fabric at points of extreme vulnerability –  problem areas where America will have neglected, denied, or delayed needed action.” – The Fourth Turning – Strauss & Howe

“Imagine some national (and probably global) volcanic eruption, initially flowing along channels of distress that were created during the Unraveling era and further widened by the catalyst. Trying to foresee where the eruption will go once it bursts free of the channels is like trying to predict the exact fault line of an earthquake. All you know in advance is something about the molten ingredients of the climax, which could include the following:

  • Economic distress, with public debt in default, entitlement trust funds in bankruptcy, mounting poverty and unemployment, trade wars, collapsing financial markets, and hyperinflation (or deflation)
  • Social distress, with violence fueled by class, race, nativism, or religion and abetted by armed gangs, underground militias, and mercenaries hired by walled communities
  • Political distress, with institutional collapse, open tax revolts, one-party hegemony, major constitutional change, secessionism, authoritarianism, and altered national borders
  • Military distress, with war against terrorists or foreign regimes equipped with weapons of mass destruction” 

 The Fourth Turning – Strauss & Howe


DOING THE TRUMP

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Posted on 29th August 2015 by Administrator in Economy |Politics |Social Issues


Lies You Will Hear As The Economic Collapse Progresses

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Posted on 29th August 2015 by Administrator in Economy |Politics |Social Issues

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 Guest Post by Brandon Smith

It is undeniable; the final collapse triggers are upon us, triggers alternative economists have been warning about since the initial implosion of 2008. In the years since the derivatives disaster, there has been no end to the absurd and ludicrous propaganda coming out of mainstream financial outlets and as the situation in markets becomes worse, the propaganda will only increase. This might seem counter-intuitive to many. You would think that the more obvious the economic collapse becomes, the more alternative analysts will be vindicated and the more awake and aware the average person will be. Not necessarily…

In fact, the mainstream spin machine is going into high speed the more negative data is exposed and absorbed into the markets. If you know your history, then you know that this is a common tactic by the establishment elite to string the public along with false hopes so that they do not prepare or take alternative measures while the system crumbles around their ears. At the onset of the Great Depression the same strategies were used. Consider if you’ve heard similar quotes to these in the mainstream news over the past couple months:

John Maynard Keynes in 1927: “We will not have any more crashes in our time.”

H.H. Simmons, president of the New York Stock Exchange, Jan. 12, 1928: “I cannot help but raise a dissenting voice to statements that we are living in a fool’s paradise, and that prosperity in this country must necessarily diminish and recede in the near future.”

Irving Fisher, leading U.S. economist, The New York Times, Sept. 5, 1929: “There may be a recession in stock prices, but not anything in the nature of a crash.” And on 17, 1929: “Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months.”

W. McNeel, market analyst, as quoted in the New York Herald Tribune, Oct. 30, 1929: “This is the time to buy stocks. This is the time to recall the words of the late J. P. Morgan… that any man who is bearish on America will go broke. Within a few days there is likely to be a bear panic rather than a bull panic. Many of the low prices as a result of this hysterical selling are not likely to be reached again in many years.”

Harvard Economic Society, Nov. 10, 1929: “… a serious depression seems improbable; [we expect] recovery of business next spring, with further improvement in the fall.”

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ALL GLORY IS FLEETING

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Posted on 29th August 2015 by Administrator in Economy |Politics |Social Issues

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“All glory is fleeting.” from Michael Mirasol on Vimeo.