I’m here reading the notes regarding the Irish bailout and the Wikileaks’ “trove” of secret U.S. documents. Let me just say, the bailout of Ireland is not really a bailout for Ireland. Firstly, it’s being partly financed by the Irish pension funds. And, lastly, it’s main goal is to protect foreign banks, namely French and German, from absorbing billions in losses from loans gone bad. We are talking ridiculous austerity, with 20% of Irish GDP going towards payment of interest next year.
The entire Western banking system is one big house of cards. It’s all connected. Go look at the debt to GDP stats: we’re all in the same boat. Massive debt, declining or slowing populations, while 3rd world fuckfaces expand. What will the world look like in 100 years?
Answer: NOT like Kansas.
The Wikileak “trove of secrets” has me thinking the U.S. government is full of little snitching bitches, not so much different than the modern day mafia. To think, the most recent cables released, officially, by the U.S., dates back to 1972. Yet here we are reading shit that happened this year. The Wikileaks are not the problem, but the symptom of a civilization in decline. No one gives a shit; therefore, nothing is held sacred. To think some eurofag with an ax to grind is publishing this filth on a grand stage (internet, via NYT and other well known newspapers) is sickening. In the old days, people were arrested for this shit. Today, they are interviewed by Oprah and lauded as “heroes of free speech.” You’re not a fucking hero when you’re putting lives at stake. This is nothing more than greed driven journalism. Greed comes in many forms, not just money.
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You can’t have it both ways Fly. On one hand you are bemoaning the interconnectedness of banks and a solution designed to prop up elite institutions. On the other hand you are criticizing the wikileaks people for releasing information showing corruption and actions that don’t really pass the “smell” test on the grounds “national security” is at stake. Don’t you believe in checks and balances? If there is no media and ability to expose actions then how put things back into balance?
Wikileaks is not checks and balances it is a complete corruption.
That’s not a fucking check and balance. We all know the bailouts are bullshit. We do not need to know that our documents show Karzai’s brother as being a drug dealer.
Yes, it’s true, we are corrupt, along with every single government in the world. This is not new to civilization. Name a government that wasn’t corrupt. The point here is: the U.S. government is so corrupted and flawed that these documents were leaked.
In summary: Yes, I hate the Wikileak eurofag because I believe he does a great disservice to my country. But, more importantly, the eurofag would never have those documents, if not for some asshole inside of the US govt leaking them to him.
Fly,
Now that the Irish have been bailed out, what are you thinking about the rest of the Eurozone PIIGS? Who’s going to win the sentiment battle this month? Santa Claus or the bond vigilantes?
Well, we need to take the G and the I out. So now we are left with PIS.
Let’s hope neither Slovenia or Slovakia get added. PISS is not a good acronym.
“Checks & balances” is a selective tool that only applies when it suits the ones involved. Our government was built on a system of checks & balances but Pelosi’s Pirates scuttled that ship !
Right. As if Repubs are godlike & Dems alone are responsible for every problem,
Not sure that’s what I said, but biased people read what they want rather than what was actually written.
Actually that is exactly what you are intimating here. If Frog has misinterpreted why don’t you tell us what you did mean?
“… Pelosi’s Pirates scuttled that ship !”
I’m no Pelosi fan but please explain how control of three govt branches is deemed responsible for the abdication of checks and balances … like the GOP hasn’t controled all three branches before Pelosi arrived … ???
Stupid and evil people have more kids. Don’t reward stupid and evil people with cushy social programs.
You mean like Social Security & Medicare? These are the big government expenses, in the area of social benefits. Everyone wants to cut out government benefits received by other people but to keep their own.
It’s true that less educated (not necessarily less intelligent) people, on average, have more kids. There is no evidence that I know of that evil people have more kids.
No I want to cut for everyone. Myself included. Pay for your own services (with some limited exceptions). Why should a healthy person subsidize the expense for a fat smoker?
Nice talking the talk about cutting benefits to yourself.
Now, let’s be honest. Do you or your family members (including parents/grandparents) use Social Security or Medicare? If so, do you in turn give back to the government “a little extra” in your tax returns for your family’s use of these services?
Because, if you answer “yes” to the first and “no” to the second, you’re just another hypocrite. And save the BS rhetoric, too, you’re just as much as part of the problem as any ‘fat smoker’.
Actually I’m not even an American. I’m just sick of the very very poor service available in Canada’s system, and wish I could pay for better around here.
Thin, fit people get cancer too, no?
Where are you from again … Mars?
yeah…. it’s unfortunate that the base population of the world is pretty much devoid of scruples. large reason why i’m such a proponent of the death penalty.
Yup.
The Fly,
The question is, how do we profit from the decline of the west? If we can profit from our fall, we can live anywhere and enjoy life, the wine, and time. Who cares if the too big to fail actually fail? I’m playing the small cap chinese lotto, and life is quite cool.
The Dude
Money is life, so we buy emerging markets.
Ya think the wikileaks bullshit will fuckup the DOW?
I think the Wikileaks thing is an elaborate scam. What’s really been revealed?
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http://www.youtube.com/watch?v=NQ_13k9f4a0
This song explains/sumarizes the psychology of the Western World… For now.
I have never seen anything posted on wikileaks that has been news, it is just validation of things most informed people already knew.
I refuse to believe this all isn’t intentional. If the CIA and NSA can assassinate foreign heads of state and topple regimes, then they can deal with a website.
We have been intentionally been lead down the path of ruin. Why? I can only speculate, but it has hardly been a secret.
Agreud!
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Why?
Unintended consequences.
is P3 coming soon again? will we see another Hindenburger? short US markets, long emerging markets or you are doomed. Doomed I tell yah, doomed!
Seriously, what is this a rant against free speech?
Don’t really read this blog anymore — it was a link on Twitter.
Nothing of value at ibankcoin… just a bunch of 3rd tier traders with big egos.
….. “a bunch of 3rd tier traders with big egos” … Looks like your own ego is showing, big fella … BWAHAHAHAHA
lmao
You got a blog Busho?
Shhhhh……do you hear that?
Its the sound of money pouring into one of the most dynamic economys in the world right now…CHILE.
Largest copper exporter in the world.
Huge agri business,
Largest exporter of grapes in the world
Other metals and mining too (Lithium anyone?)
Biggest wine exporter in the world
Infastructure is on fire right now in the country too (rail,roads,bridges,and on and on)
In addition to being the most stable economy in Latin/South America it is also has a stable Gov now. Pro business. Really educated middle class thats all about being a corporate slave and working hard for the man. They run a surplus (imagine that)…..very conservative with their countrys investments. Go ahead and take a look.
Buy Chile. Fuck it….MOVE to Chile.
BigMama from big booty babies….and Im out.
“most stable economy in Latin/South America”
Exactly.
and the US $ is the best of the fiat currencies
Uncle Miltie set up the economy of Chile. Not to be underestimated, especially in contrast with the mostly-far left rival gov’ts in the region.
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Interesting article here:
http://traderreview.net/archive/
“Here is the equation that describes the mathematical impossibility of the monetary system.
“P + I > P.
“The principal plus the interest is greater than the principal. Guess what money is never created? The interest. Guess why people are always “scrambling” and why there never seems to be enough money when banks aren’t “lending.” It’s because P + I > P.”
“…How do you keep the system going? Create more debt, or bring in more people.
“For me personally, I’d rather have the system collapse monetarily than to have our countries so jam packed full of people that everyone ends up living in a tiny condo, paying a huge mortgage, and essentially hundreds of millions of people working… to pay interest…… to banks…. that create money…. from nothing…. and “profit”. “
Yikes this is a stupid assemblage of paragraphs.
Familiar with the time value of money, are we?
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For all the bitching and concern about a bunch of bum buddies disseminating information that others can’t wait to read I hear little here about the SEC and the insider trading capers. My! My! Does that strike a sensitive area? Are there some traders treading softly around their information sharing bum buddies? Thought so.
That’s all a bunch of bullshit too. Insider trading should be legal. Who cares? With the velocity of the tradebots, it’s not like information is not disseminated at lighting speeds by dint of pattern tracing, etc.
If people knew insider trading was legal it would actually make it easier to determing signals in market trading. Instead, it’s covered up and one can’t be 100% sure.
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AMEN
Larry King interviews Hillary Clinton about Wikileaks
http://youtu.be/Vbn_ElE7TCE
Mark that down as one of the first campaign stops for “Hillary in 2012”..
just sayin…………
QE2
Thanksgiving didn’t last too long around here…
Just saw “Edge of Darkness” … good movie, too bad your bad vibes killed it before it got a chance to be seen.
Totally agree…i’m about as liberal as they come, but publishing all these thousands of top secret documents is an act of war. That fucker running wikileaks should be held under fucking rendition to the appropriate secret camp.
This is war, after all…you want to play for big stakes, be prepared to face the consequences.
Welcome to the information age World Governments. Information wants to be free. It was only a matter of time. Any idiot with nominal clearance and an agenda and a USB key could get this stuff.
Fly you nailed it with this post. 100% agree with everything you wrote.
In keeping with your topic, Fly, here’s an article about a book about the Decline of the West:
http://projectworldawareness.com:80/2010/09/american-psychosis-what-happens-to-a-society-that-cannot-distinguish-between-reality-and-illusion/
More correctly………What happens to a society that cannot distinguish between right and wrong.
That dear gentlemen is the elephant in the room
Hedges really hits the nail on the head here with the “Cult of Self”. The distraction of the masses from their alienation into Coach bags, Paris Hilton and magical thinking. If the middle class starts to react to the institutionalized dishonesty then you have more house payments withheld and eventually Greece where noone pays taxes. The nations’ morality and civility are at risk here.
Love that the pension funds are targeted in the Irish bailjob.
Debt/GDP stats?
“Reagan proved that debt doesn’t matter.”
As long as you can grow the economy while stockpiling debt.
Your Dems are only good at the stockpiling debt stuff, though.
Cheney should have known better …. 2-3% growth doesn’t cut it (especially given the size of the added debt) as the trade off for the tax cuts and spending. Admit it Jake, you can’t cut taxes forever and expect real growth everytime you cut … law of diminishing returns. Especially when the capital wants to be in emerging nations, not here.
They aren’t my Dems … My POTUS would tell the GOP to stick it when it comes to tax cuts for the top 2-5% (you wanna dance, pay the fiddler) and let them expire unless the GOP plays ball. Obama doesn’t have any balls … that’s the problem with this guy. He’s still in the driver seat and the GOP is just riding shotgun trying to apply the breaks for another two years and he doesn’t know enough to head for the RR tracks … risky stuff by the GOP cause if they’re wrong then they are out again in 2012.
Your POTUS is a dope, as we’ve discussed, ad nauseum.
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http://rothkopf.foreignpolicy.com/posts/2010/11/17/when_ignorance_becomes_a_movement_the_rise_of_snookiism
Cool article.. thank you.
“”This is nothing more than greed driven journalism””
Everything is greed driven – to demonize this eurofag is for being “greed driven is somewhat asinine, as if other journalism or media outlets are not greed driven? Everyone is greed driven.
There are degrees of self-interest. Everyone is self-interested. But some people would betray their country, seriously harm governments, individuals, diplomatic relationships etc. in order to get fame, money etc. for themselves. Some bankers almost destroyed the U.S. & world financial systems for the Almighty Buck. Some people would stab their mother in the back for $20. But this is not normal self-interest.
true – it is about degrees of deviation from an arbitrary point of ethics – which makes it quite fuzzy !
Arbitrary? Just because you have no moral center doesn’t mean the rest of us are similarly bereft.
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stick to stocks and shut the fuck up about leaked information.
never mind, i’ve had enough of these pussies slurping all over your
dick after every post. I’ll save you the time and personally ban myself.
Go fuck yourself in a homo submarine while you’re at it.
I WILL TALK ABOUT LEAKED INFORMATION ALL DAY. I will dedicate my life to leaking information about the leakers, just to fuck with your small brain.
Are you kidding jake? Have you read them?
Just summaries. Haven’t seen anything surprising. I agree that the Australian-Swedish Child Molester needs to be taken out, Mossad-Umbrella-style, however.
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Leslie Nielsen passed away today. Great actor. Condolences to his family.
http://news.blogs.cnn.com/2010/11/28/actor-leslie-nielsen-dies-of-complications-from-pneumonia/?hpt=T2
“The Wikileaks are not the problem, but the symptom of a civilization in decline. No one gives a shit; therefore, nothing is held sacred.”
Civilization is in decline. No doubt. Morals have all but disappeared. But the same comments were made back in the Roman days when traitors were drawn and quartered or dragged behind a chariots. Now traitors establish web sites or steal millions from unsuspecting investors. People with bad intentions always existed. Maybe we just hear about it more easily with the media and the internet.
I wish there was something we could do to change it but the best thing to do is to understand, adapt and protect yourself and your family from corruption of your core values.
Welcome to the Jungle. (Yes, this is a song reference but it is in context of our discussion. No ban please)
Time to bring back drawing and quartering.
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Here, here!
Hear, Hear!
I should just stop commenting.
Fly – keep this song in ur video back-pocket…for the appropriate occasion. I don’t assume to know when that would be as I defer to your immensity. I’m not up with (or down with) Shania Twain but I didn’t know she did this sort of musik…
http://www.youtube.com/watch?v=5Mujkbu_7lE
And BTW – NIN still fucking rocks. Well done.
I can’t believe this hasn’t been posted yet.
On topic.
http://www.youtube.com/watch?v=ExWfh6sGyso&NR=1
It’s all in the play book, my friends… all in the playbook.
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Look at the background of Julian Assange the AUStralian “director,” not founder, of Wikileaks. He has the past that suggests HE could be the culprit of this information deluge. A known hacker, constantly on the move, a history of attention neglect, and deep cynicism- it’s all there. That’s all the time I’m going to invest in that.
As far as Ireland is concerned, here’s a couple of immediate ideas I have:
If you read the National Recovery Plan 2011-2014 leaflet provided by the Irish government, there are a few interesting investing ideas. On the first page they say that one goal is to “Enhance availability of technological infrastructure, in particular next generation broadband networks.” At first glance, the company description of BT (a British company) fits this description pretty well and they service Ireland.
Another one that is interesting with the government is Ryanair (RYAAY). They are desperately trying to get the Irish government to drop taxes on tourism and follow the model the British employed for their air travel. Here’s what RYAAY wrote:
“The break up of the UK’s failed BAA airport monopoly model lends weight to our campaign to break up the equally high cost, failed DAA airport monopoly in Ireland where sadly, as we predicted, tourism is collapsing. Traffic at Dublin airport is heading for a second year of record losses during a year when Ryanair’s traffic will grow by 7m passengers. We expect Dublin traffic to fall by another 3m in 2010 to under 18m passengers. This will amount to an almost 30% decline in Dublin traffic from 24.5m passengers over the past 2 year?s since the introduction of the Irish government?s disastrous €10 tourist tax and the DAA?s unjustified 40% price increases in 2010 when inflation is 0%. We have again cut our Dublin winter capacity by 15%, and have switched more aircraft to other European countries which have scrapped tourist taxes, and cut airport charges. The Irish government must scrap this damaging €10 tourist tax, and break up the failed DAA airport monopoly if Ireland is to once more become a growing-competitive-tourist destination. We warmly welcome last week?s ESRI (Irish Government Research Institute) report which recommended that the government should consider selling off the 2 terminals at Dublin airport to competing operators (in order to promote competition and pay down the DAA?s enormous debts), which would finally end the failed high cost DAA airport monopoly.”
The next time I factor in a 10 Euro tourist tax in my vacation planning will be the first time.