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laodan

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laodan is a guy from Milford, Pennsylvania, USA

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THE WAY THINGS ARE: The meaning of life is to be found in thinking about what is reality and the beauty of reality is to be found in our DNA's memorization of all forms that have been successfully retained along the four billion years of evolution of the principle of life on Gaia our earth. In the end what I mean to say is that beauty is something objective and what we call ugliness is then simply our unconscientious feel of something evolution did not retain.
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  • Op-Ed Columnist - Has a 'Katrina Moment' Arrived? -...

    Rated Mar 22 2009 1 review economics, society, finance, change nytimes.com

    Has a "Katrina Moment" Arrived?
    in the NYT by FRANK RICH

    What made Jon Stewart's takedown of Jim Cramer resonate was less his specific brief against CNBC's cheerleading for bad stocks than his larger indictment of the gaping economic inequality that defined the bubble. As Stewart said, there were 'two markets' "the long-term market that Americans earnestly thought would sustain their 401(k)'s, and the fast-moving, short-term 'real market' in the back room where high-rolling insiders wagered 'giant piles of money' and brought down everyone with them.

    ... why has there been so little transparency and so much evasiveness so far? The answer, I fear, is that too many of the administration's officials are too marinated in the insiders' culture to police it, reform it or own up to their own past complicity with it.


    Has a "Katrina Moment" Arrived?
    The A.I.G. Bonuses: A National Furor



    Those of us who follow closely the developments of this economic and financial crisis have known since the first days of the Obama administration that, while the president is a smart guy, he just does not get the economic and financial reality. As Frank Rich writes ...too many of the administration's officials are too marinated in the insiders' culture to police it.

    Now that populist rage has intensified dramatically will Obama come to his senses? It does not seems so. The title of Rich's article asks the right question. Obama does not seem to be able to act forcefully which drives his administration straight into paralysis.

    It seems to me that the present financial crisis could have been transformed into one of those rare opportunities toward radical action but the ineffectuality of Obama's economic and financial team is destroying that opportunity. This could very well, in turn, destroy any other initiatives of this administration. What a shame!




    Op-Ed Columnist - Has a 'Katrina Moment' Arrived? - NYTimes.com
  • The Big Takeover : Rolling Stone

    Rated Mar 21 2009 62 reviews economics rollingstone.com

    The Big Takeover
    in RollingStones by MATT TAIBBI

    The global economic crisis isn't about money - it's about power. How Wall Street insiders are using the bailout to stage a revolution

    So it's time to admit it: We're fools, protagonists in a kind of gruesome comedy about the marriage of greed and stupidity. And the worst part about it is that we're still in denial \u2014 we still think this is some kind of unfortunate accident, not something that was created by the group of psychopaths on Wall Street whom we allowed to gang-rape the American Dream.


    The Big Takeover



    Populism is back with a vengeance. Check these:
    youtube.com/watch [youtube.com/watch]

    Had Enough FRAUD America? by Karl Denninger
    Who could be astonished if one day this populism transforms into violence?




     The Big Takeover : Rolling Stone
  • Canadian Military Units To Undertake “Domestic Security”

    Rated Mar 18 2009 1 review economics, society, order, change globalresearch.ca

    Canadian Military Units To Undertake "Domestic Security"
    in Global research Canada by Paul Joseph Watson

    "The Canadian military has embarked on a wide-ranging plan to turn its reserve soldiers into focused units trained and equipped to respond to a nightmarish array of domestic threats," reports the National Post.

    The militarization of law enforcement duties in the U.S., Canada and Britain is accelerating at a pace never before seen.

    Last week it was revealed that the British Army is on standby to deal with rioting on UK streets as a result of the economic crisis, according to a newspaper report, which states that MI5 is targeting political activists who could help create a "summer of discontent".

    Meanwhile, in the U.S., urban warfare training drills are taking place across the country as Northcom announces that tens of thousands of active duty troops will be stationed inside the U.S. for domestic purposes.

    The U.S. Army War College in November released a white paper called Known Unknowns: Unconventional "Strategic Shocks" in Defense Strategy Development. The report warned that the military must be prepared for a "violent, strategic dislocation inside the United States," which could be provoked by "cunforeseen economic collapse," "purposeful domestic resistance," "pervasive public health emergencies" or "loss of functioning political and legal order." The "widespread civil violence," the document said, "would force the defense establishment to reorient priorities in extremis to defend basic domestic order and human security."


    Canadian Military Units To Undertake "Domestic Security"
    Military readies reservists for threats to 'domestic front' Adrian Humphreys, National Post, March 04, 2009

    Is anyone shocked?

    If the powers to be go as far as to prepare for internal unrest it is because they know that such unrest is going to take place in the foreseeable future. This has nothing to do with the threat of external terrorism. It concerns instability emerging from within the borders of Western societies due to economic dislocations following, perhaps a financial collapse, perhaps skyrocketing energy prices due to "peak oil", perhaps a drastically diminished economic cloud following the realignment of economic forces in the wake of the present financial shock, or perhaps other scenarios not yet documented...

    So what to think? Those who detain power always try to keep it. Be it in a dictatorship as China or be it in Western democracies power is in the hands of a small elite. In China it is in the hands of the leadership of the communist party. In Western countries power is in the hands of the establishment that is comprised of the biggest capital holders in the banks, the media, the universities, etc. We better be informed about this very basic fact that those people are committed to do what it takes to preserve their power. So we the citizens, whatever action we might privilege, should only act in full knowledge of the fact that power seeks to guarantee its preservation.




    Canadian Military Units To Undertake “Domestic Security”
  • Feminizing the economy: metaphors, strategies, politics |...

    Rated Mar 17 2009 1 review economics, society twine.com

    Feminizing the economy
    by JENNY CAMERON, School of Environmental Planning, Griffith University, Australia and J.K. GIBSON-GRAHAM, Department of Human Geography, Research School of Pacific and Asian Studies, The Australian National University, Australia and Department of Geosciences, University of Massachusetts, Amherst, USA

    In this paper, we ask how feminist economic theory might contribute to envisioning or enacting alternative economies. We find answers to this question through reading feminist interventions for glimmers of a deconstructive project that opens "the economy" to difference. Pursuing these glimmers we attempt to insert the possibility of noncapitalist forms of economy including economies of generosity, nonprofit businesses, worker collectives and alternative capitalist enterprises impelled by a social or environmental ethic. In place of the view of the economy as a whole comprised of a pre-estab lished number of parts or sectors, we begin to see the economy as a discursive construct that can be reconstructed to contribute to social transformation.

    FREE 25 pages PDF

    Surely worth considering the tenets of animist economics when women were in charge of societies that ignored power structures...

    With the rise of agricultural societies men had lost most of their economic "raison d'etre" and as a consequence diverted their hunter's aggressiveness towards controlling women through societal power. Herein lays the rise of kingdoms and empires, of domination and hierarchy. In one word this societal power grab opened the way to patriarchal societies where authority established by force would, over time, unleash the demons of individualism and greed from which capitalism would ultimately emerge.

    Today in late modernity we are witnessing the utter societal sickness of patriarchalism. Hunger, wars, brutal inequality and foremost an inescapable sense, of incompetence, of non-functionality that makes us long for something different for something akin to what we diffusively sense matriarchal societies must have been all about: innocence, conviviality, playfulness, happiness and contentment. Is it not time to give this old societal route a fair trial?




    Feminizing the economy: metaphors, strategies, politics | Twine
  • Fox News "war games" the coming civil war - Glenn...

    Rated Feb 23 2009 12 reviews economics, politics, worldviews, society salon.com

    Fox News "war games" the coming civil war
    in Salon by Glenn Greenwald

    The week-long CNBC Revolt of the Traders led by McCain voter Rick Santelli and the fledgling little Tea Party movement promoted by the Michelle Malkins of the world are obvious outgrowths of this 1990s mentality, now fortified by the most powerful fuel: deep economic fear. But as feisty and fire-breathing as those outbursts are, nothing can match -- for pure, illustrative derangement -- the discussion below from Glenn Beck's new Fox show this week, in which he and an array of ex-military and CIA guests ponder (and plot and plan) "war games" for the coming Civil War against Obama-led tyranny. It really has to be seen to be believed.

    Fox News "war games" the coming civil war

    This is a follow-up of my last posts.
    What's being described here is frightening but we all better be conscious of what is going on if we want to avoid being caught in the inferno...
    Check the war-room videos and make up your minds.
    We are de facto entering a historical societal aberration. After any such previous aberrations passed we wondered aloud "how could such a societal barbarity have taken place?". This time around will be no different.
    This is a time to keep our eyes open and our minds quiet. The path through barbarity is always narrow. Each step counts and what matters is to keep our steps in the middle that means out of the polarities that divide our late-modern societies. Avoiding to become a barbarian ourselves will cost that much.

    The Abyss Stares Back




    Fox News
  • Soros sees no bottom for world financial collapse|...

    Rated Feb 22 2009 1 review economics, politics, finance reuters.com

    Soros sees no bottom for world financial collapse
    in Reuters Reporting by Pedro Nicolaci da Costa and Juan Lagorio; Editing by Gary Hill

    Renowned investor George Soros said on Friday the world financial system has effectively disintegrated, adding that there is yet no prospect of a near-term resolution to the crisis.

    Soros said the turbulence is actually more severe than during the Great Depression, comparing the current situation to the demise of the Soviet Union.


    Soros sees no bottom for world financial "collapse"

    This is not just one guy. Soros is one of the most successful investors out there. And it is not only Soros. A consensus seems starting to form among economists that what is coming our way is a kind of economic tsunami that is going to inflict much pain all around the world before to stabilize on a radically changed landscape where the centers of economic power will have shifted drastically. It is my feel that the US shall be in the fore of economic recovery a few years down the road. But the daily life of its people shall not resemble what it is today. My post of yesterday about army interference within the US borders has to be seen along the lines exposed within the present post.
    With ghosts in the eyes Ilargi
    The Worst Economic and Financial Crisis Since the Great Depression Reveals the Weaknesses of the Laissez Faire Anglo-Saxon Model of Capitalism Roubini
    How to set up a new u2018good banku2019 Willem Buiter
    The return of capital controls Willem Buiter
    The Debt-Deflation Theory of Great Depressions Irving Fisher
    CAUTION: October 87 Re-Run On Deck? Karl Denninger




        Soros sees no bottom for world financial collapse| U.S.| Reuters
  • Culture Change - U.S. Govt Prepares for Collapse and...

    Rated Feb 21 2009 2 reviews economics, politics, finance culturechange.org

    U.S. Gov't Prepares for Collapse and Disruption
    in Culture Change by Jan Lundberg


    Hints of our brave new world seeped out Thursday when Washington's new director of national intelligence, retired Adm. Dennis Blair, testified before the Senate Intelligence Committee. He warned that the deepening economic crisis posed perhaps our gravest threat to stability and national security. It could trigger, he said, a return to the "violent extremism" of the 1920s and 1930s.
    ...
    Blair articulated the newest narrative of fear. As the economic unraveling accelerates we will be told it is not the bearded Islamic extremists, although those in power will drag them out of the Halloween closet when they need to give us an exotic shock, but instead the domestic riffraff, environmentalists, anarchists, unions and enraged members of our dispossessed working class who threaten us. Crime, as it always does in times of turmoil, will grow. Those who oppose the iron fist of the state security apparatus will be lumped together in slick, corporate news reports with the growing criminal underclass.


    U.S. Gov't Prepares for Collapse and Disruption
    "Bad News From Americau2019s Top Spy" by Chris Hedges
    "U.S. Military Preparing for Domestic Disturbances"
    "Congress Seeks To Authorize & Legalize FEMA Camp Facilities"
    Text of H.R. 645: National Emergency Centers Establishment Act
    "ACLU Demands Information On Military Deployment Within U.S. Borders: Deployment Erodes Longstanding Separation Between Civilian And Military Government"
    "US Army unit deployed to home front: Nonlethal force for civil unrest"



    Brrr...
    Logical development from the perspective of the establishment isn't it? The same story has repeated itself "ad nauseum" throughout the history of power societies and this same mechanism is now being reactivated. The real meaning of the present power talk is that the establishment is thinking that the complexity of our globalized world could be unraveling...




    Culture Change - U.S. Govt Prepares for Collapse and Disruption
  • Calculated Risk: The TARP Visualized

    Rated Feb 20 2009 1 review economics, politics calculatedriskblog.com

    The TARP Visualized
    in Calculated Risk


    The TARP Visualized


    TARP





















    Excellent illustration of the US government's economic policies...




    Calculated Risk: The TARP Visualized
  • Into the Grey Zone: Change we can believe in?

    Rated Feb 20 2009 1 review economics, politics blogspot.com

    Change we can believe in?
    in "Into the Grey Zone" by Grey Zone

    It's February and the market is down almost 25% since Obama was elected. The major financials have lost over 30% of their remaining value since Obama announced his non-plan to "save" the banks two weeks ago. We've got people like Rick Santelli on CNBC Thursday doing a major league rant about government subsidizing 'bad behavior' and calling for a "Chicago Tea Party". Meanwhile GM seems to have written off Saab and thrown it to the wolves/creditors. And today's market is just barely above its 2002 low of 7286. That's before adjusting for inflation. The volume of wealth that is being destroyed around us is monumental and we are not going to be able to pay for everything we think we deserve much longer. In fact, at the pace we're destroying wealth, the United States will be a very backward nation in a few more years.

    Change we can believe in?
    President's Day

    youtube.com/watch [youtube.com/watch]

    and after Gibbs, the White House press secretary, fumed after Santelli and his Chicago tea party, here is Karl Denninger's point by point answer to Gibbs.
    youtube.com/watch [youtube.com/watch]

    As Jim Kunstler writes: "A creepy feeling ushers in President's Day this year as the suspicion grows that nobody in charge of anything knows what to do next. "

    By the way CNBC ran a poll on the "TeaParty", and within 24 hours over eighty thousand people said they would show up! Wow! Social instability is building fast in the US. What will come out of all that? It's anyone's guess. But it doesn't look good for those in positions of power...




    Into the Grey Zone: Change we can believe in?
  • The Size of Derivatives Bubble = $190K Per Person on...

    Rated Feb 07 2009 6 reviews economics, finance siliconvalleywatcher.com

    The Size of Derivatives Bubble = $190K Per Person on Planet
    in Silicon Valley Watcher by Tom Foremski

    Whilst outstanding derivatives are notional amounts until they are crystallised, actual exposure is measured by the net credit equivalent. This is normally a lower figure unless many variables plot a locus in the wrong direction simultaneously. This could be because of catastrophic unpredictable events, ie, "Black Swans", such as cascades of bankruptcies and nationalisations, when the net exposure can balloon and become considerably larger or indeed because some extremely dislocating geo-political or geo-physical events take place simultaneously. Also, the notional value becomes real value when either counterparty to the OTC derivative goes bankrupt. This means that no large OTC derivative house can be allowed to go broke without falling into the arms of another. Whatever funds within reason are required to rescue failing international investment banks, deposit banks and financial entities ought to be provided on a case by case basis. This is the asymmetric nature of derivatives and here lies the potential for systemic risk to the global economic system and financial markets if nothing is done.

    The Size of Derivatives Bubble = $190K Per Person on Planet

    1.144 quadrillion as of December 2007. By end of 2008 the figure was given as reaching over 1.300 quadrillion... The derivative fiasco is a "massive challenge which may have to be tackled across many nation states simultaneously".

    I agree that "The only way out, albeit painful, is via discretionary case-by-case government intervention on an unprecedented scale. Securing the savings and assets of ordinary citizens ought to be the number one concern in directing such policy."

    Guaranteeing the assets of financial institutions or nationalization of existing banks will lead to the financial collapse of the states that initiate such policies. The only way forward is to create a network of "good banks" where the citizens can move their deposits in total security.

    It is noteworthy to observe the actual positions of economists:
    - Paulson, Summers, Geitner, ... those who represent the financial institutions' interests: bad bank creation or guarantee of banks assets
    - Roubini, Taleb, Stiglitz, ... those who think that nationalization is the only way out. They are right that the state could sort out big part of the mess through clearance. But the mess is so big that the states soon would find themselves overwhelmed...
    - Buiter, Romer, ... those who want to protect the citizens' savings first think that this is only feasible through the set-up of a new network of "good banks" that could also start to buy up the good assets of the existing banks and start loaning again...




     The Size of Derivatives Bubble = $190K Per Person on Planet - SiliconValleyWatcher