Showing posts with label goldman sachs. Show all posts
Showing posts with label goldman sachs. Show all posts

Monday, November 14, 2011

Sunday Night News Dump/Browser Clean Up..

My browser has 25 windows open at the moment, which is far too many.  In no particular order..

Rick Perry: Best Little Whore in Texas  Matt Taibbi, Rolling Stone, October 28.  Obsolete
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By the time Perry shows up, I'm jazzed and ready for history. You always want to remember the first time you see the possible next president in person. But as every young person knows, the first time is not always a pleasant experience. Perry lumbers onstage looking exceedingly well-groomed, but also ashen and exhausted, like a funeral director with a hangover.



In a voice so subdued and halting that I think he must be sick, he launches into his speech, which consists of the following elements: a halfhearted football joke about Texas A&M that would have embarrassed a true fan like George W. Bush, worn bromides about liberals creating a nanny state, a few lines about jobs in Texas, and a promise to repeal "as much of Obamacare as I can" on his first day in the White House.


"I will try," he says, "to make Washington, D.C., as inconsequential in your life as I can."


Then he waves and walks offstage. The whole thing has taken barely 10 minutes.


I can't believe it, and neither can the assembled crowd of Georgia conservatives, who hesitate before breaking into polite applause. I feel like a high school cheerleader who just had her leg jizzed on in the back of a convertible. That's it? It's over? That was Rick Perry's stump speech?


"Low energy, low substance," sighs Justin Ryan, one of the conference attendees. "That's sort of the candidate in general."


But this is America, remember, where one should never underestimate shallow. And Rick Perry brings shallow to a new level. He is very gifted in that regard. He could be the Adolf Hitler of shallow.

Foxes and Reptiles: Psychopathy and the Financial Meltdown  Reality Sandwich.  Excerpts:

The present financial meltdown  may only be the latest example of the incalculable harm done to civilization, and countless individual lives, by psychopaths, a subspecies of Homo sapiens.  The purpose of this essay is twofold. First, I will provide a brief tour of the psychopath subspecies so that you understand who they are and how they operate. You probably already know psychopaths, and it is overwhelmingly likely that at some point in your life a psychopath that you encounter personally will try to harm you. Second, I will draw the correlative between psychopathy and the present financial meltdown and provide a suggestion of a relatively simple change that could decrease the likelihood of the sort of abuses that could lead to future meltdowns.

Awakened: Sun’s convulsive behavior dismays scientists across the globe  The Extinction Protocol.  Excerpts:

November 13, 2011 – REMARKABLE SOLAR ACTIVITY – There haven’t been any strong solar flares in days. Nevertheless, some impressive activity is underway on the Sun.
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 A dark filament of magnetism is snaking more than halfway around the entire Sun. See SDO images below. From end to end, it stretches more than a million km or about three times the distance between Earth and the Moon. If the filament becomes unstable, as solar filaments are prone to do, it could collapse and hit the stellar surface below, triggering a Hyder flare. 

Hundreds Of Giant Aliens Unearthed Near African Village  Pakalert Press.  You'd think archaeologists would  have better cameras..

Ruh-Roh..  Goldman Sachs International Advisor Mario Monti Is Italy's New Prime Minister

But on the political fringes there are already those portraying Mr Monti – who is listed by Goldman Sachs, the investment bank, on its board of international advisers – as a tool of the “masters of the universe”, along with Mario Draghi, head of the European Central Bank and former Goldman Sachs executive.



“This is the band of criminals who brought us this financial disaster. It is like asking arsonists to put out the fire,” commented Alessandro Sallusti, editor of Il Giornale, a Milan daily owned by the Berlusconi family.

Why Iceland Should Be in the News, But Is Not  The South African Civil Society Information Service.  Excerpts:

What happened next was extraordinary. The belief that citizens had to pay for the mistakes of a financial monopoly, that an entire nation must be taxed to pay off private debts was shattered, transforming the relationship between citizens and their political institutions and eventually driving Iceland’s leaders to the side of their constituents. The Head of State, Olafur Ragnar Grimsson, refused to ratify the law that would have made Iceland’s citizens responsible for its bankers’ debts, and accepted calls for a referendum.



Of course the international community only increased the pressure on Iceland. Great Britain and Holland threatened dire reprisals that would isolate the country. As Icelanders went to vote, foreign bankers threatened to block any aid from the IMF. The British government threatened to freeze Icelander savings and checking accounts. As Grimsson said: “We were told that if we refused the international community’s conditions, we would become the Cuba of the North. But if we had accepted, we would have become the Haiti of the North.” (How many times have I written that when Cubans see the dire state of their neighbor, Haiti, they count themselves lucky.)


In the March 2010 referendum, 93% voted against repayment of the debt. The IMF immediately froze its loan. But the revolution (though not televised in the United States), would not be intimidated. With the support of a furious citizenry, the government launched civil and penal investigations into those responsible for the financial crisis. Interpol put out an international arrest warrant for the ex-president of Kaupthing, Sigurdur Einarsson, as the other bankers implicated in the crash fled the country.

Saturday, September 3, 2011

Big Doin's Afoot..


Turkey says it is expelling the Israeli ambassador and cutting military ties with Israel over the country’s refusal to apologize for last year’s deadly raid on a Gaza-bound flotilla.
And:
Davutoglu also said Turkey was suspending all military agreements signed between the former allies, saying “it is time Israel pays a price.”

This is not a positive turn of events.

New evidence of a massive oil slick near Deepwater Horizon site   Story and video from Raw Story.  Excerpts:

A California nonprofit organization dedicated to the protection and preservation of wildlife has discovered what seems to be a massive oil slick in the Gulf of Mexico near the area of the original Deepwater Horizon spill.


In a flight over the Gulf Tuesday, OnWingsOfCare.org founder and pilot Dr. Bonny Schumaker spotted an oil slick that stretched for nearly 10 miles.


Last week, two Louisiana State University men took a boat into the Gulf and returned with video evidence of large blooms of crude oil swelling up to the water’s surface where the doomed oil rig once hovered.

BP had firmly denied that the well is continuing to leak.


“None of this is true,” they said in a statement.

New Data Supports Previous Fairewinds Analysis, as Contamination Spreads in Japan and Worldwide  The latest video from Arnie Gundersen.  From accompanying article:

Newly released neutron data from three University of California San Diego scientists confirms Fairewinds' April analysis that the nuclear core at Fukushima Daiichi turned on and off after TEPCO claimed its reactors had been shutdown. This periodic nuclear chain reaction (inadvertent criticality) continued to contaminate the surrounding environment and upper atmosphere with large doses of radioactivity.

In a second area of concern, Fairewinds disagrees the NRC's latest report claiming that all Fukushima spent fuel pools had no problems following the earthquake. In a new revelation, the NRC claims that the plutonium found more than 1 mile offsite actually came from inside the nuclear reactors. If such a statement were true, it indicates that the nuclear power plant containments failed and were breached with debris landing far from the power plants themselves.
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Third, the burning of radioactive materials (building materials, trees, lawn grass, rice straw) by the Japanese government will cause radioactive Cesium to spread even further into areas within Japan that have been previously clean, and across the Pacific Ocean to North America.

Burning contaminated materials.  What could possibly go wrong?  Fukushima:  37 degrees North Latitude.  Southern Missouri:  36 degrees North Latitude.  Being globally down wind from Fukushima is awesome.

The Imminent Failure Of The Eurozone Excerpts from Zero Hedge.

Japan, and the E.U. are declining. That is, about one-sixth of the world's population is losing ground. These big economies are the ones that lead the rest of the world, including China. Countries like China, India, and Brazil, depend on the health of the big economies to keep buying their products and commodities so they can grow and generate wealth for their citizens.



What is especially concerning is the blow-up that is about to happen in Europe. It is not something that is happening "over there." In a world that is so interconnected financially and by trade, a sinking Europe is everyone's concern.

Their problems are much the same as ours with a twist. Their governments and central banks have also pursued reckless monetary and fiscal policies and now, effect is following cause. They have more or less followed the same policies as has the U.S., much to the same end. They spent large, engaged in Keynesian fiscal stimulus in a bailout attempt, ran up huge debts and deficits, and their economies are in decline.

The twist is the European Monetary Union (EMU), known as the eurozone. It is as if here in the U.S. there was no federal government and each state was truly sovereign, but there was a Federal Reserve Bank. Some states spend more than others, funding deficits by borrowing huge sums to support programs their citizens wanted. The profligate states want the Fed to buy their debt and float them loans created out of thin air, or otherwise they will go belly up and they will take down many states' banks. The responsible states know they will be stuck with the bill.


Goldman Sachs is doing it again. Goldman is telling the public that everything is going to be just fine, but meanwhile they are advising their top clients to bet on a huge financial collapse. On August 16th, a 54 page report authored by Goldman strategist Alan Brazil was distributed to institutional clients. The general public was not intended to see this report. Fortunately, some folks over at the Wall Street Journal got their hands on a copy and they have filled us in on some of the details.



It turns out that Goldman Sachs secretly believes that an economic collapse is coming, and they have some very interesting ideas about how to make money in the turbulent financial environment that we will soon be entering. In the report, Brazil says that the U.S. debt problem cannot be solved with more debt, that the European sovereign debt crisis is going to get even worse and that there are large numbers of financial institutions in Europe that are on the verge of collapse. If this is what people at the highest levels of the financial world are talking about, perhaps we should all start paying attention.

There is a tremendous amount of fear in the global financial community right now. As I wrote about the other day, the financial world is about to hit the panic button. Things could start falling apart at any time. Most of these big banks will not admit how bad things are publicly, but privately there is a whole lot of freaking out going on.

I don't know about anyone else, but all this Big Picture Doom is actually having the opposite effect.  The closer we get to whatever will ultimately happen, the calmer I get.  Strange, but much much emotionally lighter, that's for sure..  Have a great weekend.

Sunday, December 5, 2010

Bradley Manning Is So Much More Intelligent Than The Official Line Portrays Him..

WikiLeaks suspect Bradley Manning "designed Facebook" as a schoolboy, friends say

This person sounds much more.. capable of the know how needed to engineer such a massive transfer of information, and the thoughtfulness to understand and stand up for his beliefs and motivations. Excerpts:

Bradley Manning, the prime suspect in the leaking of top secret documents to the WikiLeaks website, was such a computer expert that he designed a version of Facebook years before modern social networking sites took off, friends have disclosed.

Friends remember the teenager as a shy schoolboy who was determined to speak his mind and “had his own sense of right and wrong”.

"He produced a website with another schoolmate. It was pre-Facebook. It was like a community site. It didn’t really lift off, but it was a good idea.

"It was pretty much a social networking site before its time. You could log in and find out about local news."
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..Those who befriended Manning when he arrived in Wales aged 13, after his parents divorced, suggested that he had always possessed some of the character traits which may have prompted the biggest-ever leaks of confidential information from the US government.

Mr Dyer told Channel 4 News that Manning had quickly established a reputation for computer expertise at his West Wales comprehensive.
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He said: “He's always had this sense that 'I'm going to right a big wrong'. He was like that at school.

Mr Dyer insisted that Manning never meant any harm but was simply determined to stand his own ground.

"He has his own sense of what is right or wrong,” he added. “It’s not directed against another person in particular. He's certainly not malicious in any of his actions."

This portrait of Manning doesn't really fit the Lady Ga Ga narrative pushed when the story initially broke. Will his early friends stand by and not respond to the "Manning is treasonous" talk thrown around the punditsphere? I find the differing reactions to the event so far very interesting. The calls for Assange's arrest, execution(Very Christlike, Mike, by the way..), assassination, re-classification as terrorist, and yet, fascination with the cables they might have interest in...**Like this:

I would not want to be in Mr. Assange's shoes right now. Assange gave an interview to Forbes earlier this month. Wikileaks is supposed to be unveiling a major U.S. banking scandal in early 2011, consisting of thousands of documents obtained from a major U.S. financial firm (Goldman Sachs ??? Those are some documents I wouldn't mind seeing). **

Ron Paul, though, gets it right.. "In a free society we're supposed to know the truth," Paul said. "In a society where truth becomes treason, then we're in big trouble. And now, people who are revealing the truth are getting into trouble for it."

I can't attribute this yet, but something I picked up this week's readings was this: If the government can know all of your secrets and peer into so many aspects of your private life, why shouldn't they be held by the same standard? Do not forget, they indeed work for us; not us for them. Whether or not you agree with Bradley Manning's actions, it does sound like he stands behind his convictions and probably hasn't changed his mind about what he has brought about. This story becomes more compelling with each passing day..