Monday, 7 March 2011

QE2 is looking like the Titanic to me

The Federal Reserve has fortuitously named their second economic lifeline QE2.
Just like the fine cruise ship. Unfortunately, for those who know, it reminds
them of another cruise ship, famous for sinking in the Atlantic: the Titanic

"I christen thee, Ship of Fools" - i.e. the Federal Reserve
[Oh captain, my captain]
"The ship, she's going down!"

[QE2- Queen Elizabeth II ship]
[this time, the disaster will start in New York]

Quantitative Easing
, round two, is looking set to
sink the US into Depression.
-Cos67 ¬(%^D>

Avatar news

[The new Sky/BBC teleprompt reader]
Atavistic 1. The reappearance of a characteristic in an organism after several generations of absence, usually caused by the chance recombination of genes.
2. The return of a trait or recurrence of previous behavior after a period of absence.

Avatistic [A new word-apologies to the music group]
DEFINITION:
using interchangeable amoral avatars to present the news
long after it happens,
[the recurrence of previous behaviour, as if it's news]
or they tell us lies that are as fake as Second Life,
so that the government/business have time to
leave the country with their money, or send their illicit money
to a tax haven.
In this way, the public is left scratching their heads,
and paying the tab for the 'crisis' du jour.
The reason is that the governing oligarchy,
business and media included
are robbing society.
The only thing that will not be reported is the
name of the guilty parties.
Pick a country- UK, US, Ireland, other EU27
WE HAVE-
24 hours of history, rather than news.
same-old same-old
No forward-thinking people.
No planning of our society.
No foresight, to avoid disasters.
It's as if society is smoking pot.
The news on drugs, man. like wow!
Everything is history.
So , all the government and big business need to do is
do the dirty work,
erase their fingerprints and
give it to Sky or the BBC to report.
Fait accompli
perfect accomplices in the media

Cos67 ¬(%^D>

checkitout:

letter to Zerohedge:
by willien1derland
on Mon, 03/21/2011 - 02:31
Any organizations aligned with the government as well as the MSM divorce causality from time - if it doesn't happen within 30 seconds of a given event it is unrelated (this is now considered scientific fact by any government agency) - I had family members & friends who worked at the Savannah River Site (SRS) and many who worked at a similar location over a period of time died of leukemia...the Government & their contracted resource du jour settled...but of course within the settlement agreement it was all unrelated...I think all DoE personnel & their families in Washington DC should be forced to work/live near/at the reactor sites they regulate - or better yet put a nuclear reactor right next to the House, Senate, & Supreme Court - anyone for Nuclear Power then?

scissors, paper, gold


Scissors can cut money. Fiat Money is worthless.

Gold is it. Gold scissors are tearing everything up.
Meanwhile, the paper money crew are busy cutting up the incriminating documents to cover their crimes, a la Enron.

More later

Citizen Oedipus

[LALA TIMES]
[Mummy Dearest]

Rupert Murdoch.

I've finally figured him out. He has an oedipal thing with the Media.
That's why he's going around ravaging every country's media and government.
His father died and left him with his old mother, and without a media empire.

So, he has made it his job to replace his newspaper-owning father. [see stories below]

His Rosebud? His daughter. It gets even more complex for his daughter. She's the next Oedipal victim. Rupert is drawing her into his media web to complete his automaton-like plan.

Unfortunately, this is his link to WILLIAM RANDOLPH HEARST,
MEDIA MOGUL & PLUTOCRAT,
WHOSE CONCUBINE HAD A NICKNAME ROSEBUD DUE TO HER RATHER LARGE FLESHY HOO-HA.
THAT WAS THE BIG JOKE OF CITIZEN KANE.

Everybody in H-wood knew the true meaning,
but in the movie Rosebud was the name of Hearst's
childhood sled/toboggan. As if!

More like the 'town bicycle'- everybody's taken her for a ride

Cos67 ¬(%^D>


GUARDIAN BLOG
Posted by Michael White Thursday 3 March 2011 11.33 GMT guardian.co.uk
Rupert Murdoch's BSkyB win: the damage is to the coalition

The significance of the decision to let Murdoch have his wicked way with the fair maiden BSkyB is the way coalition pretensions have been skewered in broad daylight
Before we get too horrified over the spectacle of Rupert Murdoch getting his wicked way with the fair maiden BSkyB, it is important to get things in perspective and remember that he will be 80 next week. So he will soon be dead. The real damage is to David Cameron, Vince (remember him?) Cable and the coalition.

I have nothing personal against the old ruffian, though he has contributed greatly to the coarsening of public life both in Britain through his tabloids and in the United States, notably via Fox News. Other places too, I expect, but I am less able to judge.

But when Murdoch dies, the global media empire he has put together with such tenacity – we must all hope he feels it has been worthwhile when his "Rosebud" moment comes – will start to decay with him.

His children may all be hardworking and talented – it helps to have a few million from Dad to start with – but they are not as clever as Dad. Mathematicians call it "regression to the norm".

So the significance of this morning's confirmation that the culture secretary, Jeremy Hunt, (Berkeley Hunt, in Hugh Muir's joke) is to accept Murdoch's offer to hive off Sky News in the interest of media diversity is not in the details of the deal. It is the way coalition pretensions have been skewered in broad daylight.
...
No surprise there then, as Pratley suggests the independent directors have a chance to prove they are not a pushover. Don't hold your breath. "Independent" and "Murdoch" are nor words that sit happily together.
...
Both have written memoirs exposing the hollowness of Murdoch assurances in respect of independent directors at the Times and elsewhere in Rupert's long career. He's been stitching people up for 50 years, starting in small-time Australia, moving through the News of the World ("Mummy told me never to resign," said his first betrayed editor) and the famous Times/Sunday Times acquisition (1981) which Margaret Thatcher got through.

As he had been in London, he was initially patronised in New York and Washington, but outfoxed business and political foes there too. Even at the Wall St Journal – which Murdoch took over in 2007 over after courting the previous owners with pompous assurances – they have already proved "wholly useless", Neil said on Radio 4's Today programme.

He also likened Rupert to a killer whale, albeit a rather elderly one these days, one who has not lost his taste for blood. "When it comes to doing deals, Mr Murdoch is an Italian. The real negotiations begin after you've signed the deal."

Much talking will have to be done to hammer out the how Sky News will be managed and financed – this to sustain the notion that Britain has three TV news networks, a revived ITV (surging profits announced last night), the mighty BBC and Sky, a minnow in terms of viewers, but politically important. But it's a detail.

CNN
A new book wonders what makes Rupert...Rupert.
By Richard Siklos, editor at large
December 5, 2008: 3:39 PM ET


LOS ANGELES (Fortune) -- To use the oldest media mogul cliché in the metaphorical book, a just-released biography on Rupert Murdoch sets out to answer the question of what exactly is the media tycoon's Rosebud. That is, what has fueled Murdoch's astonishing global media conquest over the past half-century and where does his purchase last year of The Wall Street Journal fit in?

DISINFO.COM
virtual murdoch: chapter-by-chapter summary
by Neil Chenoweth (nchenoweth@mail.fairfax.com.au) - July 20, 2001

Chapter One: Voltaire's Undergraduate

Does the Rupert Murdoch story have a Rosebud? Murdoch's most important enduring relationship has been with his mother. The book starts with Dame Elisabeth talking about one single, cataclysmic event in his childhood, describing the man who cannot look back, in terms of a moment that he cannot look back to.
Murdoch's mother creates a myth of a father that Rupert can never live up to.
[pure Oedipus-bait - Cos67 ]
This is why Murdoch's Oxford years are important. For three years his life is not defined by his family or the media business. With his close friend Robin Farquharson, Murdoch helps set up a bogus philosophical society as a ploy to put a bit of zip into their CVs, then they help run the Cherwell magazine. Farquharson was a brilliant bi-polar personality who went on to become one of the pioneers of game theory. Murdoch's close friend was busy setting out the rationale for cutting corners. Farquharson was also outrageously gay . . . this in the days before Murdoch became homophobic.

Just as Murdoch ran into trouble for rigging a student election, his father died. The family was indignant as most of Sir Keith Murdoch's legacy was taken over by the Herald and Weekly Times newspaper chain that he had built up. But how did Sir Keith find the money to buy two small newspaper chains, including an Adelaide operation called News Limited? Sir Keith's critics believed he had arguably 'stolen' the newspapers. Whatever the truth of this, the family's belief that an injustice had been done cemented Rupert's control of the estate. His three sisters might own more of News Limited than he did, but the need to avenge Murdoch family honor meant that Rupert ended up in control.


THIS IS HOW HE BECAME THE EVIL AVENGER OF THE MEDIA
In the end, he became an evil caricature of the media mogul, just
like something out of Batman's Gotham (freaking joke):
In 1959 Rohan Rivett, Rupert Murdoch’s mentor(son of now deceased Sir Keith Murdoch) and the Editor in Chief of Murdoch’s newspaper at the time, spearheaded a story which embarrassed the Australian government but saved an innocent aborigine’s life. The government brought several sedition charges against Rivett and the newspaper which they were cleared of except for one which lingered for months until it was withdrawn by the government. Shortly thereafter, in spite of the fact that circulation and profits were much higher since Rivett took over the paper, Rivett was fired by Rupert Murdoch. Thereafter, according to contemporary observers, the government also began to receive more favorable press from Murdoch’s papers. The child learned his place was to be found in the dichotomous role of slave/master to government.

So, the father speaks out against a tyranny
and is protected by a powerful press baron.
The child becomes a media baron and
persecutes those who challenge tyranny.
The child would seem to have cowered into yellow journalism
where the father stood firm in objectivity.

Kensington is being packaged and taken offshore

Right under the eyes of the British government,
pieces of the Royal Borough of Kensington and Chelsea
is being packed up and sold overseas.
And it's some of the richest pieces of real estate in the country.
Offshore companies are buying the nice Georgian stuff.
The UK isn't even getting the tax on the sale.
It's going to Bubba in the Caymans.
The British public should protest and bring those houses back.

Cos67 ¬(%^D>
Checkitout:
Dustin Hoffman's Kensington street is most expensive in UK
London Evening standard
1 Mar 2011
Residents of Britain's most expensive street told today how Hollywood stars and banking tycoons are tempted by its "village atmosphere".
Victoria Road, originally known as Love Lane, is close to Kensington High Street and contains stuccoed mid-19th-century family villas.
It is the London home of Oscar-winning actor Dustin Hoffman - described as "charming" by residents - as well as the former king of Malaysia and the Vietnamese embassy.
A single house sale of £11 million last year lifted Victoria Road's average prices to £6.426 million, the top of the annual rankings compiled by property website Mouseprice. The previous year, it was in 10th place….
But the survey does not capture some of the most expensive transactions, which are not recorded by the Land Registry because they are
conducted through offshore companies.

workers' rights and the power of pizza

[protester in Tahrir Square, Cairo]
If you remember, I mentioned a while before Mubarak fell,
the historically-important power of pizza
from ancient Egypt onward.
You ignore pizza at your peril.
Mubarak did, and look at him now.
Anyway, the next revolt is happening in another
place, half a world away, but pizza is again the currency
of the downtrodden worker.
It is the fuel of the proletarian revolution.
Folks from Cairo have been sending pies to
their "brothers" protesting in Wisconsin.

-Cos67 ¬(%^D>
checkitout:

http://www.nytimes.com/2011/02/26/us/26madison.html

Voices of the Protest
Delivering Moral Support in a Steady Stream of Pizzas
STEVEN GREENHOUSE
Published: February 25, 2011
MADISON, Wis. — Someday the ruckus here might be remembered as the Pizza-Powered People’s Uprising.
very day for the past week, the two Ian’s Pizza shops in town have fed the hungry masses, delivering hundreds of free pies to the Capitol. The owners of Ian’s boasted that supporters from all 50 states — as well as Bosnia, China, Egypt, France and 20 other countries — had donated thousands of dollars each day so they could give protesters the calories they needed to keep going.

On Wednesday alone, nearly 800 Ian’s pizzas were delivered to the Capitol, often 30 at a time, with police officers and legislative aides, Republican and Democrat alike, also partaking.

Underneath the Capitol’s majestic dome, as drummers drummed, demonstrators drew posters and some protesters did yoga, dozens of people swarmed toward Paul Sarnwick, an Ian’s deliveryman, as he opened a stack of boxes containing pizzas like spicy chicken taco, lasagna and buffalo chicken with blue cheese. ...

Miss Republican contest

Sarah Palin the sexiopath and hand-writing exam cheat [no tele-prompter for her]

Michele Bachman, bozo politician
Ann Coulter, dizzy commentator
Christine O'Donnell , Tea Party candidate for
Delaware Witch-of-the-year

why does the US Republican party promote the stupidest women?
Are they trying to convince Americans that they're
the women (or the party)
not dangerous? So housewives can vote for them. Great!
And men will vote for Sarah because she makes them want
to yearn it: just the smallest of chances that they'll have a chance to touch it.
They just want to touch it.

These birds would be dangerous if they had half a brain.
No chance of that happening.




-Cos67 ¬(%^D>
UPDATE JUNE 9
checkitout: Bachman and Palin
1
Washington monthly Political AnimalBlog
June 08, 2011 1:05 PM
Bachmann on the Intelligence Committee
By Steve Benen
“…I think the key thing here is she — if she does become a candidate, which I think she will, she will have a good team around her and will basically make sure that everything is fact checked and obviously she’s smart, she’s on the intelligence committee, you know, so she can talk about a lot of different things.”
Republicans realize that being on the Intelligence Committee does not make someone intelligent, right? They know “intelligence,” in this committee context, relates to reviewing materials and documents related to national security, don’t they?
Regardless, now that the right-wing Minnesotan is poised to actually go through with this plan for a presidential campaign, there’s renewed discussion about whether Bachmann has a legitimate shot at the nomination. Jon Chait has been making the case for a while that it’s a mistake to dismiss her chances entirely.
Chait’s not the only credible observer making the argument. Paul Waldman said Bachmann brings ideas that “are radical nearly to the point of being nuts,” but added she’ll probably be surprisingly “formidable” in the Republican primaries.

2 the Guardian
"Lady Thatcher will not be seeing Sarah Palin. That would be belittling for Margaret. Sarah Palin is nuts."
Thatcher will show the level she punches at when she attends the unveiling of a statue of Ronald Reagan outside the US embassy in Grosvenor Square on Independence day on 4 July. This is what her ally told me:
Margaret is focusing on Ronald Reagan and will attend the unveiling of the statue. That is her level.
No doubt a rebuff from Thatcher will delight Andrew Sullivan, the creator of The Dish blog, who regards Palin as a dangerous lightweight.

Friday, 4 March 2011

From casino to carnival

Our globo-world has just turned to the seasonal fair as its new metaphor.

These are cast of characters that will control our fate, until Armageddon.
Enjoy!

The ladyman
[Hairy Lady- Lady Thatcher]
Thatcher didn't so much win a battle for women's lib, as much as become a
man-with-tits. She didn't do anything to further women's progress in the UK Ministries.
In fact, she used her feminine wiles (don't be sick), including crying, to get into the men's club and then she took over when she had them all by the short and curlies.
Her voice practice: "Umkaka". Kinda sounds like a gorilla.

The gorilla.
Every carnival had a scary gorilla, in a tent. They would scream
"gorilla, gorilla, gorilla"
We'd go in the tent and see a gorilla slowly come to life and run towards the crowd.
Thankfully, the skinny, sickly carney always manages to get the plastic jail door and put it in front of the gorilla, thus holding it back.


Anyway, the same trick is being used to keep us permanently scared, especially of Muslims. The gorilla is now a masked terrorist, perhaps in a burka.
It creates hatred and trivialises the deep-seated hatred and mistrust that Arabs and Muslims feel towards the US, because of its murderous foreign policy.

Carney games: work and/or life will begin to resemble carney games.
Reality shows, talent shows, game shows, trivia shows
The chances of people winning is near zilch.
and you have to gamble a lot to win anything. No more jobs for life.
Carney says: "Step right up, try your luck here. You have a CV, son?"
"You've come from 200 miles away?"
5 seconds later: "Better luck next time"

Free shows: It starts out as entertainment for the family,
and degenerates into a cavalcade of warfare, just like television:

Caymans- your money can vacation from reality

The rest of us have to pay tax.

VISIT THE CAYMANS
lots of sunshine, man!
where all the best mafiosi go to bank.
the anagrams say it all

Caymans= Any Scam

Cayman Islands = Many Scandals I.

Cos67 ¬(%^D>

checkitout:

Treasure Islands: Tax Havens and the Men Who Stole the World

Alex Preston
Published 10 February 2011

Treasure Islands: Tax Havens and the Men Who Stole the World
Nicholas Shaxson, The Bodley Head, 336pp, £14.99

The first company I worked for was based in the Cayman Islands. It was easy to forget, walking to work in the freezing January rain, that we were a Caribbean business. The Mayfair hedge fund that employed me had only a spectral presence in the Caymans. None of the fund's employees worked in those least lovely of the Caribbean islands; our directors out there had little say in the day-to-day running of the business. The CEO and legal team would jet off to biannual board meetings on Grand Cayman, where decisions would be rubber-stamped by the directors, and then fly out again. The fund paid no tax in the UK despite having almost $60bn of assets under management. The Cayman registration was a tax-avoidance scheme, one employed by many of the funds along "Hedge Row" in Mayfair. Nicholas Shaxson's new book subjects such financial skulduggery to ferocious scrutiny.

This diatribe is a gripping read. Never losing its focus on how companies and individuals, with the collusion of governments, use tax avoidance to cheat those who are less fortunate, Treasure Islands tells the history of tax havens. It is an account illuminated by anecdotes that are often more James Bond than eurobond. At the end of the book, Shaxson issues a call to arms to governments and regulators: abolish tax havens and you will eradicate much of what is wrong with the modern world. If we don't, he writes: "A tiny few will have their boots washed in champagne while the rest of us struggle for our lives in conditions of steepening inequality. We can avert this future. We can because we must." It's heady stuff.

The statistics that Shaxson reels off are astonishing. Roughly a quarter of the world's wealth is held offshore; in the Channel Islands alone, UK tax to the tune of $30bn (£19bn) is lost each year - more than double Britain's foreign aid budget. Shaxson obsesses over this last point - what would happen if the taxes were collected? And if that money were spent tackling the world's injustices? A passage on multinational transfer pricing estimates the tax revenues lost at $160bn: enough to "save the lives of 1,000 under-five children per day".

Tax havens allow companies to avoid paying taxes that might have been used to improve the lot of the poor, but that is not all. Shaxson argues that the expertise needed to negotiate their complexities ensures that rich countries will get richer while poorer nations, lacking the financial know-how, will be left behind. The book is at its best when it traces how the UK and the US have built up virtual empires (the former's closely mapping its colonial footprint, the latter's a result of foreign and trade policy) with a spider's web of offshore tax havens.

FOOD FIGHT

WE’RE SPREADING DEMOCRACY, not the old-fashioned Gandhi way.
We're doing it BY FIDDLING MARKETS AND CAUSING FOOD RIOTS.

And you thought that democracy was just breaking out everywhere because the Murdoch media reported it. Egypt, Tunisia, Libya, Wisconsin.

You couldn't be more wrong. I'll let the experts convince you, but
with the government ponzi-meister Bernanke giving free money to the big
banks, they're speculating in every market they haven't busted yet.
Since the campaign to GET physical silver is killing their silver shorts,

[silver shorts]

the Zombie Bankers have been speculating on everything from Monday night football to granny's bingo, and food. They're playing the futures market with pico-second trading (1 billionth of a second) to try to make their crust, or million crusts, as the case may be. So, the Muslim world has been suffering under US-puppet governments for several decades, with all the money being hoovered up by the President. But, at least they could afford to live, and eat. Well, thanks to Wall Street, they couldn't eat any more. The price of wheat has shot up. Also, the fall in the US dollar has made this even worse, as has the flooding of the world with worthless US dollars.


so, who's for a food fight?



Below is a good chat if you have an hour.

It's dragon-slayer William Black,
and former banker, turned crusader Nomi Prins.

You'll hear about the food fight
and other gangster crap from the US government.



-Cos67 ¬(%^D>

checkitout:

we have proof , even from the other side, that we're starving people:
http://online.wsj.com/article/SB10001424052748704657704576150202567815380.html?mod=googlenews_wsj
OPINION FEBRUARY 23, 2011 The Federal Reserve Is Causing Turmoil Abroad
Few protesters in the Middle East connect rising food prices to U.S. monetary policy. But central bankers do.