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High Seas 23 October 2011

Posted by marisacat in Divertissements, Inconvenient Voice of the Voter.
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Hunter S Thompson and Bill Murray… from that site, again.

*****

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1. BooHooHooMan - 23 October 2011

and from the Press Barons….

Fears of German power rise amid Europe crisis

Michael Birnbaum

As countries struggle to pay their debts, Germany has emerged as only country with enough money to help. But the price for such aid — more control over how they run their economies — is setting off alarm bells.

BooHooHooMan - 23 October 2011

( built on absurd assumptions that Germany is heads and shoulders above the rest, too…)

Pooch ~~~>( * (

marisacat - 23 October 2011

If we need to cripple them we can ask for war repayments! It can be PROVEN they are the MOST endebted nation if we go back to ’42 (summer winter, who cares!) Failing that we go back to ’18!! Redo it all!!

OR, we can commence bombing Hamburg as a center of known terra-istictick activity!

Achtung! (useful word) All that arbeit made them too rich!!

marisacat - 23 October 2011

Achtung!

Nobody wants the enforced showers. To say nothing of the 60+ years that followed! Again!

2. marisacat - 23 October 2011

i slept thru the morning slog fest of nothingness… but I am catching Hillary on FOX (sports comes first!). She sounds like a nut frankly.

marisacat - 23 October 2011

Paraphrase – very very close tho – not a transcript

Chris Wallace: you met recently with the Haqqani network, “so do we want to talk to them or kill them?”

HiiPac: “BOTH Chris! we are pursuing a hunt talk build policy”.

She is totally off the rails. More than ever.

brinn - 23 October 2011

“hunt talk build”?!? WTF is that?

marisacat - 23 October 2011

It’s scary is what it is.

Wallace also ran the part of her clip when she was handed the phone with the unconfirmed message about Q (handed it by Huma Abedin) … the part where she said, We Came We Saw He Died. She said she did not want to comment on that.

She really is loonier than ever.

chompers - 24 October 2011

but what did you think of her hair? the photos of her earlier this week, there was a lot more body, but yesterday . . .

marisacat - 24 October 2011

Hillary?

I meant to add her hair is longer every day. On the one hand it hardly matters how she looks, but then again this new look is not, imo, working for her… NTIM

chompers - 24 October 2011

i wasn’t paying attention to what she was saying, but her hair seemed flat with a little blip up front.

marisacat - 24 October 2011

the hair died… she must think it is a terrarist.

3. marisacat - 23 October 2011

Could get very interesting..

[T]homas unleashed on the police at length about the use of abusive tactics on unarmed civilians and the YouTube video of the exchange went viral.

Since then, #OccupyMARINES has sprung up, calling for former Marines to don a civilian uniform and join the Occupy protests.

OccupyMARINES have now called on veterans of other branches of the military to lend their support to help “talk sense” to police and recruit them into supporting the Occupy movement. . . . .

Read more: Reader’s DigestBusiness Insider!

4. marisacat - 23 October 2011

:lol:

… and the winner is……………

Mr Abdul-Jalil went further, specifically lifting immediately, by decree, one law from Col. Gaddafi’s era that he said was in conflict with Sharia – that banning polygamy. . . . .

When they say they want Sharia law, I mean, who the hell knows… til it gets specific.

And it is the Telegraph Torygraph… but…

5. Madman in the Marketplace - 23 October 2011

Bill Black: The Anti-Regulators Are the Job Killers

The Great Recession was triggered by the collapse of the real estate bubble epidemic of mortgage fraud by lenders that hyper-inflated that bubble. That epidemic could not have happened without the appointment of anti-regulators to key leadership positions. The epidemic of mortgage fraud was centered in loans that the lending industry (behind closed doors) referred to as “liar’s” loans – so any regulatory leader who was not an anti-regulatory ideologue would (as we did in 1990-1990 during the first wave of liar’s loans in California) have ordered banks not to make these pervasively fraudulent loans. One of the problems was the existence of a “regulatory black hole” – most of the nonprime loans were made by lenders not regulated by the federal government. That black hole, however, conceals two broader federal anti-regulatory problems. The federal regulators actively made the black hole more severe by preempting state efforts to protect the public from predatory and fraudulent loans. Greenspan and Bernanke are particularly culpable. In addition to joining the jihad state regulation, the Fed had unique federal regulatory authority under HOEPA (enacted in 1994) to fill the black hole and regulate any housing lender (authority that Bernanke finally used, after liar’s loans had ended, in response to Congressional criticism). The Fed also had direct evidence of the frauds and abuses in nonprime lending because Congress mandated that the Fed hold hearings on predatory lending.

The S&L debacle, the Enron era frauds, and the current crisis were all driven by accounting control fraud. The three “des” are critical factors in creating the criminogenic environments that drive these epidemics of accounting control fraud. The regulators are the “cops on the beat” when it comes to stopping accounting control fraud. If they are made ineffective by the three “des” then cheaters gain a competitive advantage over honest firms. This makes markets perverse and causes recurrent crises.

From roughly 1999 to the present, three administrations have displayed hostility to vigorous regulation and have appointed regulatory leaders largely on the basis of their opposition to vigorous regulation. When these administrations occasionally blundered and appointed, or inherited, regulatory leaders that believed in regulating the administration attacked the regulators. In the financial regulatory sphere, recent examples include Arthur Levitt and William Donaldson (SEC), Brooksley Born (CFTC), and Sheila Bair (FDIC). Similarly, the bankers used Congress to extort the Financial Accounting Standards Board (FASB) into trashing the accounting rules so that the banks no longer had to recognize their losses. The twin purposes of that bit of successful thuggery were to evade the mandate of the Prompt Corrective Action (PCA) law and to allow banks to pretend that they were solvent and profitable so that they could continue to pay enormous bonuses to their senior officials based on the fictional “income” and “net worth” produced by the scam accounting. (Not recognizing one’s losses increases dollar-for-dollar reported, but fictional, net worth and gross income.) When members of Congress (mostly Democrats) sought to intimidate us into not taking enforcement actions against the fraudulent S&Ls we blew the whistle. Congress investigated Speaker Wright and the “Keating Five” in response. I testified in both investigations. Why is the new House leadership announcing its intent to give a free pass to the accounting control frauds, their political patrons, and the anti-regulators that created the criminogenic environment that hyper-inflated the financial bubble that triggered the Great Recession and caused such a loss of integrity? The anti-regulators subverted the rule of law and allowed elite frauds to loot with impunity. Why isn’t the new House leadership investigating that disgrace as one of their top priorities? Why is the new House leadership so eager to repeat the job killing mistakes of taking the regulatory cops off their beat?

6. Madman in the Marketplace - 23 October 2011
7. BooHooHooMan - 23 October 2011

and then there’s
Holy Anus Azimuth Glitter Rock Glam Pony

Ambrose Evans-Pritchard :shock:
World power swings back to America

The American phoenix is slowly rising again. Within five years or so, the US will be well on its way to self-sufficiency in fuel and energy. Manufacturing will have closed the labour gap with China in a clutch of key industries. The current account might even be in surplus.

Oh FFS – I mean what can Say? :lol:

marisacat - 24 October 2011

amazing isn’t it? I think I like Hans Christian Andersen and ESP Grimm a LOT better.

8. BooHooHooMan - 24 October 2011

LOL @ Ray Dalio and Charlie Rose…

Mumbo Jumbo Artist Dalio talkin “deleveraging” , the need for a “quality conversation”, how there’s the “Government” , the ah, “Private sector” — > LOL MEANING INDIVIDUALS. Hardy Har Har Har congealing-GuBmint = CORP SECTOR HAR HAR…
and of course, “no tools left in the toolbox”.

Welp there goes the emerging Technology play, eh?

Oh just drowning in bullshit now as a veritable ne0-Buffet of TOOLS are spread before us, Ray. Ponder that Enlightenment. Which he may obtain yet upon New York apeshitters eventually crossing border into Connecticut and bashing him all pipe-wrench upside his New Age HedgeFundy Bullshit Babble-Brooking skull.

This algeresque Caddy-climbed-to-Harvard-B-School turned Zenny-Bridgewater Associates Dalio – like everyone else in the Made a Few Billion along the way GAME, have built their coin-collecting careers dragging bags across global-stomping Imperial Country Club.

Fucker is talkin a 3% raise on taxes across the board…spread out over 10 years… “Quality conversation” HAHAHAHAHAHAHAHA

BooHooHooMan - 24 October 2011

Oh thinking about Dalio and the Hedgefund types, prospects for civilian soldiers, Marines,and what have you to occupy the Hedgerows, the assorted tool sheds, Law and Accounting firms, etc…

I see MJS , OP, and the boys at SMBIVA note how folks are gettin ready for Christmas, all makin a list and checkin weapon twice, gonna find out whose naughty… Basically that, – you know, song OVER, really –

Site de jour :

http://www.occupytheboardroom.org/

Naming names
Gathering the rapsheets
digital stalking the ghouls inchief

All part of the move of the struggle to the job site

Posted by Op | October 20, 2011 9:30 AM

They also noted Cheryl Saban (not sure if its an electro-mechanical stimulator or not) flicking concern raisins at toddlers over on not-so-HuffyPo-now …

Protest or Witch Hunt?

The system is apparently broken. It isn’t working for people at a fundamental level,

:lol: and it must be fixed. Someone needs to listen. We ALL need to listen. Mostly, our lawmakers need to listen, okay? And not just when they’re campaigning. :lol:

Oh no, no, no, no Cheryl. – , It’s quite alright!
No inconvenience whatsover!….
Shooting you ALL in the basement.

But my sympathy and support for such a protest abruptly ends when the protest becomes “group think” and starts looking like a Witch Hunt. I was in Jakarta, watching stunned as several news reporters featured a young lady standing in front of News Corps’ Rupert Murdoch’s private home in New York City :shock: :lol: with a megaphone in her hand, shouting to the crowd and the news camera about how much he paid for his home, and what an extravagant lifestyle he had, while she and the gang standing with her didn’t get to live so high. She and her megaphone went on a rampage about other details of Mr. Murdoch’s private life, singling him out as if he personally affected her negatively in some way. It was disgusting.

Okay, Mr. Murdoch is a wealthy man. And, okay, perhaps his company takes corporate tax breaks. I have no idea. It’s not my business. I assume he pays his taxes along the lines of the current tax code as written into law, and he should. We all should, and we should do so proudly. As a side note, we’re lucky to live in America — with all our problems, it’s still one of the greatest places on earth to be. At any rate, Mr. Murdoch certainly doesn’t need me to vouch for him one way or the other. What I am particularly concerned about was that the protesters were harassing one segment of our population, and in particular, one individual. They were targeting and blaming that one individual for all the current ills of society. It is dangerous and wrong.

Okay! …Well you know,…. “quality conversations” and Cheryl Whoever The Fuck She Is Saban….and talkin about lists…
All I have to say, Bob Barker, is this:
Ray Dalio, Cherly Saban, ETC!
Come on Down! YOU have been selected!
As the next GUILLOTINE CONTESTANTS on the PRICE IS RIGHT!

BooHooHooMan - 24 October 2011

:lol: Bitch IN JAKARTA is personally-affronted-PISSED_OFF.. :lol: – > while watching Tele beamed in all tanesia-like about people getin huffy in front of Rupert’s crib in New York!

marisacat - 24 October 2011

What I am particularly concerned about was that the protesters were harassing one segment of our population, and in particular, one individual. They were targeting and blaming that one individual for all the current ills of society. It is dangerous and wrong.

Poor Cheryl. She sounds nutty. She’s raising “concern troll” to a new meaning…. Maybe she can sign on with Hillary and Huma. Samantha Powr and Susan Rice. Liz and Mary Cheney, too…

That crowd.

BooHooHooMan - 24 October 2011

Well I personally blame Cheryll for everything.
The movement needs a focal point. She popped up.
Providential. LOL.

marisacat - 24 October 2011

Cheryl is IT.

BooHooHooMan - 24 October 2011

and locksies on Nuh-uh protestations… :lol:
Sorry, Cheryl, you done been tagged. LOL

ms_xeno - 24 October 2011

Bawwwwwwwww!!

Details of Rupert’s private life!!

Bawwwwwwwww!!

As a perpetual job hunter who routinely surrenders everything but blood samples and dental records to prospective employers about three thousand times a month, let me be the first to say:

Fuck you, Cheryl.
Fuck you, Rupert.
Fuck you, Employers.
Fuck you all, right in the fucking ear.

ms_xeno - 24 October 2011

And on page six or seven of that Huff thread, Cheryl herself shows up to Bawwwwww!! even louder about how charitable and helpful she is with her kajillionaire hubby’s money. So cute.

marisacat - 24 October 2011

I wondered if she was related to Saban…. I think an endowed chair (one that gets a lot of attention)……… somehwere in NYC, Brookings? maybe?…. and a big big political donor. Often to Dem candidates.

IIRC he is a classic AIPAC sort… more or less…

ms_xeno - 24 October 2011

All the apologists on that thread– the dislikers of drum circles and pot, the lovers of the “PAY YOUR BILLS!” mantra– they probably all have jobs at the Saban mansion(s) cleaning the fifty-six bathrooms or something. Dipshits.

marisacat - 24 October 2011

Haim Saban…. wiki/politics.

And this is google search on dear Cheryl, with pics. AND Madame is on Twitter (csaban)!

When they made Cheryl they called for the “Born in La Mesa Cali later a Bev Hills Hostess” mold. It has gotten a lot of use that mold. She’s been on Charlie Rose and The View.

She doesn’t go any where that would tax the cotton balls for brains she has.

marisacat - 24 October 2011

Fuck you all, right in the fucking ear

What ever hurts!!

ms_xeno - 24 October 2011

I’m just sick of these putzes whining about their precious, sacred privacy. Christ. None of these sheltered assholes like Mr. & Mrs. $aban would tolerate for three seconds the insane intrusions into one’s personal life (not to mention the elevated danger of identity theft) that people like me have to endure daily just to “stay in the job pool.”

9. BooHooHooMan - 24 October 2011

Hedge Funds Face Investor Pruning

After a turbulent 10 months, hedge funds are bracing to hear whether jittery investors will want their money back.

Remain Cal! “Quality Conversations”!
Doesn’t Anybody Watch Charlie Rose?!!??

10. Ganjafied Gabacho - 24 October 2011

And now for something completely different:

The Peruvian government has released dramatic new footage showing a near-encounter with a group of uncontacted Indians along a riverbank in the Amazon rain forest. The video was taken by travelers on the Manu River in southeastern Peru in recent months, according to officials from Peru’s Ministry of the Environment, who released the images on Monday.

Article and video at NatGeo Link

I wish they world would leave these people alone; IF they wanted contact and machetes and guns and cast off clothes then THEY would come out of the forest and look for trade or some cocksucking black robe to teach them how to be a “civilized injun”

11. marisacat - 24 October 2011

Have a laugh! It was such a “mistake” that they posted the full text document, in Inglischer no less, to their own news site. And we all know how honest and truthful the Vatican is.

snicker.

12. Madman in the Marketplace - 24 October 2011

Police REFUSE to arrest protesters!

In Albany, last night, Governor Cuomo and Mayor Jennings ordered state and local police to enforce a curfew, and remove the Occupy Albany protesters.

The police defied those orders.

With protesters acting peacefully, local and state police agreed that low level arrests could cause a riot, so they decided instead to defy Cuomo and Jennings.

“We don’t have those resources, and these people were not causing trouble,” a state official said. “The bottom line is the police know policing, not the governor and not the mayor.”

marisacat - 24 October 2011

wow I am impressed.

13. BooHooHooMan - 24 October 2011

IMO, you have to see thru Cuomo getting a freebie here,
but I say this is where back-room triangulation breaks down…

Under pressure to make arrests, police and troopers push back

ALBANY — In a tense battle of wills, state troopers and Albany police held off making arrests of dozens of protesters near the Capitol over the weekend even as Albany’s mayor, under pressure from Gov. Andrew Cuomo’s administration, had urged his police chief to enforce a city curfew.

The situation intensified late Friday evening when Jennings, who has cultivated a strong relationship with Cuomo, directed his department to arrest protesters who refused to leave the city-owned portion of a large park that’s across Washington Avenue from the Capitol and City Hall.

At the Capitol, in anticipation of possibly dozens of arrests, a State Police civil disturbance unit was quietly activated, according to officials briefed on the matter but not authorized to comment publicly. But as the curfew neared, the group of protesters estimated at several hundred moved across an invisible line in the park from state land onto city property.

“We were ready to make arrests if needed, but these people complied with our orders,” a State Police official said. However, he added that State Police supported the defiant posture of Albany police leaders to hold off making arrests for the low-level offense of trespassing, in part because of concern it could incite a riot or draw thousands of protesters in a backlash that could endanger police and the public.

“We don’t have those resources, and these people were not causing trouble,” the official said. “The bottom line is the police know policing, not the governor and not the mayor.”

A city police source said his department also was reluctant to damage what he considers to be good community relations that have taken years to rebuild. In addition, the crowd included elderly people and many others who brought their children with them.

“There was a lot of discussion about how it would look if we started pulling people away from their kids and arresting them … and then what do we do with the children?” one officer said.

Well, the obvious political triangulation aside: i.e. : Andy and Police Brass all LawnOrdery, the NY State Police & Albany PD used as makeover for cops everywhere .. :roll: … well. taking a pulse and liberties here with the old saying ::: Just because the masses now ARE OUT to GET YA , doesn’t mean you ‘thoritarians shouldn’t be paranoid

It’s like that, now.
So whatever they say happened behind the scenes, Stillllit IS introduced into the mix: the inevitable Well Fuck ME O’Rourke – -> what DO YOU DO when the crowds are MOBILIZING with uhm, PEOPLE WE KNOW?

More importantly I’d say, – > with people who know THEM, as these one-horse State Capitol towns afford little of the functional anonymity for police state retainers found in the major metros…

“Our official policy with peaceful protesters is that unless there is property damage or injuries to law enforcement, we don’t prosecute people protesting,” Soares said. “If law enforcement engaged in a pre-emptive strike and started arresting people I believe it would lead to calamitous results, and the people protesting so far are peaceful.”

Soares said another concern discussed by law enforcement officials :idea: :shock: :idea: was whether arrests could trigger an influx of young adults from Albany’s significant college community.

Joshua Vlasto, a spokesman for Cuomo, did not respond directly to questions about contact between Cuomo’s secretary, Larry Schwartz, and Jennings. “The state is working collaboratively with the city to enforce the curfew,” Vlasto said in a statement Friday evening.

And they clearly want to keep Cuomo-handler Schwartz’s exhortations under wrap…

Late Friday afternoon, after his contact with the governor’s office, Jennings took a hard-line stance and indicated he had instructed his police force to enforce the city’s curfew. He declined to talk about his conversations with Schwartz, saying: “It’s not important.”

Inside police circles, there was speculation by some officials that the pressure from the governor’s office to enforce the curfew was about political perception. They noted that some critics had questioned New York City Mayor Michael Bloomberg’s handling of a similar protest in lower Manhattan that has become an organized fixture, with medical supplies, food and even donated office space supporting the protesters.

Jennings and Krokoff could not be reached for comment on Sunday afternoon. About 30 tents remained as the sun rose Sunday morning, and protesters who stayed the night remained commited to staying in the park as long as their message had not yet affected change.

“I think this has to go on indefinitely,” said Chris Scully, 23, an engineer from Troy, as he wrote “Our Way Of Life is Dying” on a sign.

Local media outlets captured a small fight on video that happened during the Saturday night protest, a scuffle that apparently involved a passer-by trying to take a sign away from someone. But police made no arrests. The protest, called Occupy Albany, is an offshoot of the ongoing Occupy Wall Street protests in New York City that participants say aim to eradicate economic inequality. The protests have taken place across the country and spread overseas, including London.

The police strategy in Albany was evident early Friday. Krokoff issued a departmentwide memo instructing officers “to be continually aware of the possibility that a small element may intentionally seek to draw us into conflict,” according to a copy obtained by the Times Union. “At this time :lol: I have no intention of assigning officers to monitor, watch, videotape or influence any behavior that is conducted by our citizens peacefully demonstrating in Academy Park. … In the event we are required to respond to a crime in progress or a reported crime, we will do so in the same manner that we do on a daily basis.”

Assuming the Staties and Albany Police administrative cadres are not just plum-fuck stupid, they have to peg the people who own freeloader Cuomo as shivving them in a heartbeat before ever dreaming of ruffling Bloomberg or Kelly’s feathers…

Another thing, …..Last time I checked, John Lennon wasn’t springing for flak-jackets and the Bankster lucre doesn’t much reach many in the hinterlands…I think to the individual-account extant the provincial mounties or their families got unceremoniously ass-raped by the likes of DNC mahoff/ Hillary AND Obby consultant/ Shumer’s campaign manager – TWICE HANK MORRIS, ,,,, hevesi-sentenced-to-one-to-four-years/Alan Hevisi and the latest of these pod-people fixers like Schwartz with forearm straight up Cuomo’s posterier puppethole now, I doubt they really take all that kindly to Andy Stoogey or scumbag after scumbag out of Rubin + Bloomberg + Schumer + Shelly Silver’s……. city….

BooHooHooMan - 24 October 2011

:oops: :roll: Sorry. but at least my desperately needed cleanup around Hevisi only involves html!

marisacat - 24 October 2011

think i got it…. ;)

14. Madman in the Marketplace - 24 October 2011

Chemical bomb tossed
into Occupy Maine encampment

PORTLAND — Occupy Maine protesters say Sunday morning’s attack with a chemical explosive has left them with a mixture of anxiety and resolve.

“We are more motivated to keep doing what we’re doing,” said Stephanie Wilburn, of Portland, who was sitting near where the chemical mixture in a Gatorade bottle was tossed at 4 a.m. Sunday. “They have heard us and we’re making a difference.”

Wilburn said she was startled and briefly lost hearing in her left ear when the device exploded beneath a table about 10 feet away. Wilburn’s hearing returned and police said no injuries were reported.

Portland police Sgt. Glen McGary said the bomb was thrown into the camp’s kitchen, a tarped area where food is cooked and served. Protest organizers said the explosion lifted a large table about a foot off the ground.

“There was no fire . . . We had a good 20 feet of thick smoke rolling out from under the table,” Wilburn said. They could see the “G” on the 24-ounce bottle and its orange cap, as well as bits of silver metal, she said.

She and a friend who ran over to look at it breathed in fumes that smelled like ammonia, she said.

Witnesses said a silver car had been circling before the attack, its occupants shouting things like “Get a job” and “You communist.” They believe someone from that car threw the device, according to a statement from Occupy Maine.

Ganjafied Gabacho - 24 October 2011

Occupy Wall Street: Canadian special forces provocateur leaves wallet behind

I think the militia types will become more problematic for the various occupations as time goes on…one reason I’m happy to see the Sgt Thomas’s of the movement show up.

BTW, FWIW the Chem Bomb story made Ed “Reaganite” Schultz tonight…

Madman in the Marketplace - 24 October 2011

it was on countdown, too

15. Madman in the Marketplace - 24 October 2011
16. BooHooHooMan - 24 October 2011

I got an idea:
Why don’t we call it COLLAPSAGING?

Anyways…Last night, I had a blurb up about Ray Dalio of Bridgewater making the rounds…
on Charlie Rose, very sober, remain calm, just a here to help everybody through the “deleveraging” and all, just another Hedge Fund guy , looking for a “quality conversation” etc…

Which is nice.

Of course today he dropped Hitler into the mix in an op-ed he did for the Financial Times of London…

I don’t have access to FT but pinched it from via XH (who, day traders in rigged game they are, seem to love him, :roll: the simps..)

Risk on the rise as political leaders give in to mob rule

We are in the midst of a deleveraging,
{ that wouild be “COLLAPSE” – bhhm} we are nearly out of ammunition and we are at each other’s throats. Being in a deleveraging and nearly out of ammunition is a very difficult position to be in. :lol: :lol:
But, being at each other’s throats is our biggest problem.

Our character :lol: and our political :lol: and social :lol: systems are now being tested in ways that have typically been tested in past deleveragings. In deleveragings bad economic conditions typically lead to emotional reactions, social and political fragmentation, poor decision-making and increased conflict. When this occurs in democracies, the checks and balance system, which is intended to yield the best decisions for the whole, can stand in the way of thoughtful leadership and lead to ineffective “mob” rule. This dynamic can lead to a self-reinforcing downward spiral.

Frustrations increase, the established ways of doing things come under attack and frustrations over the ineffectiveness of government creates the perceived need for someone to gain control of the mess. Plato spoke of this dynamic. It was the reason Hitler was elected in 1933.

In our opinion these types of risks are now emerging and should be taken into consideration when trying to figure out what may lie ahead. Rather than trying to resolve disagreements through thoughtful discourse, people are now trying to grab power to beat and suppress their opponents. Tensions between the rich and the poor, capitalists and socialists, those in and out of power and different factions in each group are now intensifying in a manner that is classic in deleveragings. Politicians who are fighting for power in a political year are fanning the flames and are increasingly willing to do risky things (like shutting down the government) in pursuit of their missions and popular support.

This growing populism will have important implications for monetary, fiscal and trade policies and will significantly increase risks of a markets downturn and a global depression.

Regarding monetary policy, the mob is at the gates of the Federal Reserve and wants to grab control while those on the inside are in disagreement about what should be done. Fed chairman Ben Bernanke and those who helped him save the country from depression are now under siege. These challenges are being faced in different forms by most central banks at the same time as they are nearly out of ammunition – i.e., their capacities to ease are very limited because they cannot stimulate private credit creation and because they cannot get money in the hands of people who will spend it. For these reasons there is greater risk that central banks cannot save us as they have always saved us in the past.

The battle between the left that wants to tax the rich more and the right that wants to cut entitlement spending is at a fierce stalemate that is likely to intensify in more scary ways. As a result, fiscal policy is unlikely to be supportive to economic growth.

With high unemployment and growing anger, the “mob” is blaming the foreigners who “took their jobs,” especially the Chinese who they say are “manipulating” their currency to “compete unfairly”. And since politicians want popular support, they are navigating this issue to gain political benefit (e.g., to put the US President in the position of having to choose between the political suicide of vetoing Senator Charles Schumer’s currency bill

Oh BullllSHIT

.. and clashing with China) rather than to approach this difficult issue calmly and analytically. Trade flows and capital flows are increasingly being looked at by all sides as possible weapons in an economic war. As a result, the risks of bad surprises in trade and capital flows are heightened.

Mobs are at the doors of bankers and others in the financial system, screaming to politicians to put these people in jail while the vote-seeking politicians are fanning the flames rather than reminding people that the legal system is the way these people should be judged. Since banks are levered about 15 to 1, it doesn’t take much of a debt problem to cause them solvency problems, and since in deleveragings debt problems are big, there is significant risk banks will run out of equity again and the fury against them will intensify. For these reasons risks to the global banking system are much greater than normal.

While we hope that most people and their leaders will approach these difficult challenges calmly and collectively, we would not be meeting our fiduciary responsibilities if we bet on this happening without clear evidence of it. We are not alone in having and expressing our concerns in what has come to be known as “risk-on” and “risk-off” market movements.

If we calm down and work together to properly manage this difficult situation :lol:for example, if we can properly distribute both the austerity and the increased efforts that are required to manage our debt burdens – we can get through this deleveraging without great pain. :roll: If we can’t, we may experience an economic, social and political collapse.

Ray Dalio is founder of Bridgewater Associates

marisacat - 24 October 2011

If we can’t, we may experience an economic, social and political collapse.

So.. like .. mebbe ..

FUCKING FINALLY?

BooHooHooMan - 25 October 2011

Ya .
Really..
A l’il bit il sotto vocce there at the end from the real 15th Dalai Lama, there, of Warren Buffet’n’all…
A real “quality conversation” , there/
A bit anticlimactic in all senses considering the point of origin, where he noted “we” are presently “at each others” you know, throats”, and uhm, mobs are at the door, the Fed is under siege, markets and the political process are in, depending on relative POV, a difficult=oidal(/i>sort of deleveragingish..situation.
Ya.
Could be.
We could even.move on to the whole COLLAPSAGING thing.
AND HITLER.

And I’M INCOHERENT AND LONGWINDED??? :lol: :wink:

17. Ganjafied Gabacho - 24 October 2011

Sharia law to be main source of legislation in Libya

Sharia law is set to guide Libyan legislation, but the transitional government insists it will be moderate.

By KIM GAMEL, Associated Press / October 25, 2011

After giving a speech that emphasized the Islamization of Libya, the head of the transitional government on Monday tried to reassure the Western powers who helped topple Moammar Gadhafi that the country’s new leaders are moderate Muslims.

XtianSciMon

And to think our guys in Libya ass-raped, with a giant knife, the “mad dog” of the Middle East to be replaced with moderate religious fundamentalists…

marisacat - 24 October 2011

They immediately lifted the ban on polygamy. But not to worry, they promise moderate islamism…

18. Ganjafied Gabacho - 25 October 2011

“Sometimes I think people forget how much has gotten done,” the president said, as Smith and Johnson looked on. He urged his backers to rally once again, at the same time joking, as he often does, that he is older and grayer now. This election won’t be as sexy as the first one.”

At Banderas’ and Griffith’s house, its entrance path lined with rose petals and votive candles, Obama told about 120 mostly Latino contributors that he has kept a list of his campaign promises and that, by his count, he has accomplished about 60 percent of them.

“I’m pretty confident we can get the other 40 percent done in the next five years,” he said to loud applause.

Mierda 1000% Mas Pura!

Hobama in the highest! Rumor is the Petals didn’t even bruise under under his sacred Tuxedo slippers!

A miracle in face of opposition in the face of “those darn republicans!” ™ ( “miracle” not to be included in the 40% yet to accommplish, satisfaction not guranted see attached small print legaleze etc, etc. ad infinitum, aud nauseum )

These are available for a small campaign donation (or promise of future boardmembership)*

*you may be bequeathed other relics** from little Lord Oobster boys brief “reign”

**other relics available: slightly soiled Libyan “mad dog” undergarments (tres sexy, dontcha know?!) complete with “crossfire” blood stains. various american “scalps” , all turbaned of course, a set of very old, very worn Al qaeda house slippers, some shit-stained parchments (US constitution, various Geneva conventions and International treaties) and an enormous, though thoroughly ripped, and abyssmally empty bag that was the US economy***

***Economy is gonna be the least of your troubles as the biota collapses and the mobs come pillaging fo food :wink:
:evil:

marisacat - 25 October 2011

“Sometimes I think people forget how much has gotten done,” the president said

He’s presided over the highest number of deportations in US history.

A million.

Ganjafied Gabacho - 25 October 2011

Orale!

It is unbelievable that any minority would still support HIM (cue cherubs from Bennetton with trumpets) let alone “Latinos” (an appellation which my activist Chicano friends despise,) who we all know are the recipients of the vast majority of the deportations. It doesn’t seem to be possible that any would support him…. until you look at the guest list.

marisacat - 25 October 2011

Frankly he’s made fools of the Dem party POC lists. And of women. And of everybody else.

Ganjafied Gabacho - 25 October 2011

Can’t sell a sucker a lie they don’t want to believe

19. marisacat - 25 October 2011

Neue…

LINK

………….. :roll:


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