Tag Archives: recession

It’s not a recession, it’s a robbery.

It's not a recession, it's a robberyThis image gets my vote for the KILLER APP of internet memes to explain what the “economic crisis” and its global banking “austerity measures” are really about: pure greed.
All the rich have ever wanted is everything. Damn the middle class, the working class and the poor. Economists are part of their getaway illusionist crew, if you want to understand Milton Friedman and the banking economy, call CSI.

Flag pin betrayal

Of course you know I would just never unleash a vicious attack like mocking a fake-patriot or faux-elitist move like wrapping ones bullshit in either the flag or the cross. Just have to point out that the flag lapel pin, the one Republicans bitched and whined so much about Democrats not wearing, the one Lisa Czeladtko is wearing in the picture chosen by Gag-Zette writer Daniel Chacon when “calling out” Ed over his Free Speech opposing a political candidate. Not that The Gag-zette (Colorado Springs Gazette, “Freedom” Communications”) has ever so much as given a mild tsk-tsk’ing to violent attacks on Free Speech in Colorado Springs, usually instigated by City Council or persons very close to them.St Paddies Day 2007 leaps to my mind. Or to Fake Patriotism. You’ll notice, if you’re observant, that the “flag” in question has 7 stripes and 18 stars.

It’s a sign of the depths of rabble rousing the “elitists” will plumb when wanting to silence any opposition to their agenda as “unpatriotic” and Anti-Christ.

“Calling out” by the way, is in Colorado and other Western states, a challenge to physical violence. Usually issued by a heavily armed Coward who is so sure of victory that he assumes he can force the other person to apologize for saying anything.

Then go get drunk with his redneck comrades. Might makes right, Oderint dum Metuant “let them hate us as long as they fear us”.

Maybe Chacon should more carefully consider HIS choice of words. That way he wouldn’t leave himself open to Attacks errr… criticism that lumps him in with the likes of Caligula, King Charles II of England and George W. Bush.

So the Rich Pigs are afraid their piglets will see what poverty looks like, instead of, as Ms Lisa Siddhattha suggests, hiding the poverty from the delicate eyes of the Piglets?

Lest they see the human price of their own opulent lifestyle.

Actually, her ties to Developers, like the Flag Pin, betray her true agenda.

According to the Developer Religion, evidenced by the Real Estate Developer who “founded” Colorado Springs, the idolatrous statue of whom sits in the meddle of the intersection at the Northwest corner of Acacia Park,

According to their money worship Cult of Mammon, the sight of poverty in CS would drive down real estate prices. Therefore they wouldn’t have enough blood-money profits from selling their stolen-at-gunpoint land.

One of their High Priestesses, Janis Heuberger, wrote in her blog that Bicycles should be banned from acacia Park, because “only the Homeless” ride bicycles. There were further suggestions by one of her sycophantic supporters that people who LOOK homeless should be banned from city parks.
Imagine that, the “non-elitists” as they style themselves, seeking to impose a conformist dress code on the citizens of Colorado Springs. To protect their profit margin. And even ban an economical, non-wasteful and healthy form of transportation. Unless you drive a gas-guzzler you’re not welcome in Colorado Springs. Nothing elitist about that, No Sir!

And failing to admit that it was Real Estate Developers who in one fell swoop crashed the economy, providing the pin that burst the bubble of Capitalism, turning millions of Americans into potentially homeless PEOPLE. (notice that, Chacon, Czeladtko, Heuberger? Those of us who speak the English Language know that “homeless” is an adjective, not a noun. “the homeless” should properly include the human title PEOPLE)

Ms Lisa and Ms Heuberger and Chacon might have their sycophants answer this by saying that I’m lumping all of them together. No, messieurs et mesdames, YOU lump yourselves together. Frequently.

Dogbert explained financial meltdown two decades ago.

Dilbert.com

If it didn’t embed the picture, that’s where Dogbert applied for one credit card, with the aim of using the phantom money on that card to order another, and another, until eventually he would have all the money in the world on plastic.
A short primer on the folly of capitalism and the Ponzi scheme it truly is.

Remember Fred Thompson and his Little Red Pickup?

The one that he had somebody deliver to a short driving distance from his rallies, so he could pretend to be “jes plain folks”?
He’s doing Bankster Commercials. Yep. Working for an investment group, who are hawking a “reverse mortgage”. While being a Republican and therefore supporting their loud cries for the Government to cut off any loan guarantees, he smoothly lies to the people and says it’s a Government Backed Guarantee. What a hypocrite.
Fits right in. If I had any doubts of whether the now-privatized program is unsound, that settled the doubt.
Why it sounded fishy before, first, it’s not really backed by any actual cash. And it was always administered through the private investment bankers. Like AIG who had to be bailed out because they’re just such wonderful stewards of other peoples money.
Then there’s the idea that while their customers are walking over the grass, and the grass ain’t walkin’ over them, they can’t be evicted. The ones whose Social Security and Health Care are on the chopping block, in a charge led by… the banksters and their new spokesfreak.
Gentle Readers, if you’re already invested in this, whenever the Banker comes around to visit, don’t eat or drink any gifts he brings.

How Does It Feel?

So I’ve been letting this ferment for about a week. Good Morning America had a session about “Money in Your Closet” which wasn’t aimed to the vast majority of Americans who make substantially less than “Average Income”. How to sell your “old, broken or unwanted gold” was part of it, the one Case In Point they had to demonstrate it had about 7800 bucks worth of jewelry. And her old clothes on top of it, designer label, hand-tailored and I really can’t think of the right word for it, Tailors are more for Mens clothing while milliners do it for Womens clothes. Said she “used to be” Corporate but now she’s left Corporate and is an “entrepreneur”. That’s Corporate-speak for “unemployed”.
They left her with high hopes that she’d be able to sell her clothes for another 7 grand. ummm… used clothes selling for how much?
People who know me will readily tell you that I have absolutely no fashion sense My last ten clothing purchases have been on the level of a maximum of $2 per item. So perhaps I’m not the one to judge about how much money used clothes can fetch when people are willing to pay the max.

In any case… I think she was just a bit giddy with delusions that the clothes and jewelry could buy her another month rent before she has to leave her apartment.

But, that’s the nature of Vulture Capitalism.

BP, Meet Agatha

As in, the first named storm of the season. So far, 12 killed in Guatemala. Oh, and we were duly informed that the Top Kill maneuver failed. If it’s any consolation to us they didn’t wait two weeks to tell us that. A bit of further consolation, such as it is, this poisoning of the ocean has the potential to end America’s involvement in Iraq and Afghanistan. NATO as a whole, too, because the rest of the NATO countries are facing budget crisis and crises, the first shared and the second individual, country by country case by case. The core of it isn’t socialized medicine or public welfare programs. The core of it is NATO itself, with the NATO mission of buying more expensive equipment, hiring more soldiers and not fighting one single God-Damn war that isn’t strictly for the benefit of the Wealthiest individuals on the planet. No wars of Defense, no wars for Freedom, or Nation Building, all that is window dressing, sham, frosting on a cake that’s baked from the mortal remains of the Imperialist Manifesto. A manifesto that’s written in not one document, nor book… but the death records of hundreds of millions of people, civilian, military, or militant, the ones described in 1916 as “The Great Fallen”.

The Great Fallen was made a slogan to memorialize one particular battle, that was neither at the beginning nor the end of the Imperial Meat Grinder. It counts only those fallen by gunfire in pitched battle. Not those killed by the plagues unleashed, one after another, the famines, also known as “Recessions, Depressions” and (my personal favorite, that used by the richest themselves) “Bubbles and Adjustments.” Oh, the market is going through one of it’s periodic correction cycles.
That’s great news for those who have vast wealth, but for the people who put that vast wealth in their pockets, it’s a tragedy reduced to numbers and statistics.

Now, we come to a point in history where there’s a perfect storm. An economy that’s been kicked out from under the entire world, the ecology that underpinned it so mangled and twisted it would be unrecognizable to Audubon, the greedy quest for More Money has now trashed one of the last places on Earth that HAD a chance to be redeemed.

Those who 6 weeks ago were screaming that the new restrictions to try to save that very niche of the environment would “put an end to sport fishing in the gulf”… and condemning every member of the government who even dared to use the words Environmental or Ecology in policy statements, no similar level of vilification for Their Corporate Masters now that their Corporate Masters have blown off not just sport fishing, but Commercial Fishing, and in a not surprising outcome, might kill or alter the balance of algae in the ocean that produces oxygen. Oxygen which is an anti-greenhouse gas. People who breathe regularly might recognize the term Oxygen as well. Less Oxygen, perhaps more Methane from the decaying remains of life in what used to be a living segment of the ocean, just another “Adjustment”. More numbers to add to The Great Fallen.

And to add to the Perfect Storm, starting with one actual storm named Agatha.

Alfred Lownstein and Carrion Fowl Capital

We got our satellite TV today, and on History International there’s “History’s Mysteries”. War Profiteer/Wall Street Weasel (ok, so the European version thereof) financier Lownstein is flying across the English Channel. End of life history is he’s reported to go to the bathroom in his private plane and disappeared Found dead later. My thought, the crew took out the trash and jettisoned it over the Channel. Good riddance to bad rubbish. So why is an 80 year old murder important? The commercials. Borrow money from this start-up upstart bank that I’ve not heard of before. Buy gold. Sell your “unwanted” gold at a smaller price of course.

Infomercials lately, and the regular 30 second spots, “Mortgages being defaulted and foreclosed, buy properties for as little as a thousand dollars” … In other words, buy back into not Predatory Capitalism… but Carrion Fowl Capitalism. There’s a big service industry boost in cleaning, appraising and repairing Foreclosed Properties. And Bill Collectors, one called me about a medical bill that wasn’t even mine. I simply had said ummm… Yeah? and he launched into this spiel where in ten seconds he had called me “buddy” 4 separate times.
But the Vulture Capitalists are touting this as a way to get rich… off the blood and similar misfortunes of Other Human Beings. Kind of like, oh, je-ne sais quoi, like the Same Kind Of Investment Strategies that got America, and the rest of the world, into this financial mess in the first damn place. People who would willingly and with full knowledge before the fact scavenge their own society, their neighbors and probably even FAMILY aren’t exactly the type of people who should be trusted with the economy of the world. Although our Friends who come regularly to defend The Noble Free Market Profiteers will sharply disagree. I’ll probably get called a Bolshevik again. By the way, that’s a Russian word meaning “of the PEOPLE” so I guess that sets our critics apart from The People.

Talk about your basic narcissistic thought patterns. Kind of like their use of the word “do-gooder” as what they perceive to be an insult.
Not knowing or caring that the exact opposite of “do-gooder” is “Evildoer”. That’s truly amusing when used by people who consider themselves to be Jews or Christians. As Isaiah and Jesus put it “hypocrites who devour the houses of Widows and for a pretense make long prayers”.
Fitting that Monsieur Alfred is memorialized by such commercials.

Wasn’t the Recession simply terrible?!

From the infamous 1931 sign above a bread-and-soup line showing a happy smiling family smartly dressed riding in their new car…
Dow Jones doesn’t “slide” below 10k… it “plunges.” OOPS.
The accompanying The baby turkeys look up to see the rain, mouths wide open, and drown trying to figure it out picture on AP shows a bunch of floor traders looking up like baby turkeys drowning in the rain, with their mouths wide open watching their each individual Apocalypse coming down, drop by drop. Same expression on their faces too.
Eat the rich.

Hummer DEAD! “Proud Conservative” driving the Ultimate Welfare Cadillac

Yep, the gas guzzling (6 miles to the gallon) Replacement Penis is no longer being manufactured! Marketed to people who feel cheated, abused, picked upon, bullied, IMPOTENT, ridiculed… “Pay $50,000 (base price) for our Worthless Piece of Shit and Become An Instant Bad-Ass, who people will look up to, people will respect you and stop making fun of you just because you’re a Pathetic Wimp!”

Actually, what it does is make you a Pathetic Wimp with a lot less money… $50,000 (base price)

And people STILL don’t worship you or think that you’re a “swords” man. You might as well buy a tee-shirt for a couple of dollars and a sharpie pen and write

“I have a tiny Penis and a persecution complex”

and save yourself $49,997 dollars.

And people won’t disrespect you any more or less than if you blow all that bread for stupidity.

American Soldiers and Iraqi and Afghan civilians are DYING for the gas pumped into these Waste Machines.

And, there’s this really retarded bumper sticker people put on them, several in fact, “support the troops” (by having them kill and be killed to fill my gas tank) “God Bless America” (even though the American Regime sends soldiers to kill and be killed to fill my tank of gas) and

Proud Conservative

(even though I waste huge amounts of oil, formerly breathable air and drinkable water, blood and the HUGE amounts of money necessary to finance Filling My Gas Tank {so I can pretend I have a normal sized penis})

The Corporate Welfare Queens who drive these things not only get their Gasoline Fix subsidized by Taxpayer Financed Wars of Conquest, they also get a Tax Deduction for their gas, maintenance and even in some cases get their “work vehicle” payments… Paid in full with Taxpayer money.

Then drive them to “conservative” Tea Party rallies. Where they can find the ONLY group in America stupid enough to actually be impressed with how Macho their car pretends to be.

Turning the economic corner to what?

economic indicators
The US media is now full of optimistic assurances to ‘We, The People’, that ‘the economy is turning the corner’ and all will be well once again as if that was ever all that much the case! Certainly it has been better though, yet today the US does not, and cannot, operate in isolation from the world downturn of Big Business. So how’s it going elsewhere? Take a look at our friends the British, and you will see just how they are doing? …and it’s not so good.

From the conservative and hallowed British newspaper, the Telegraph, you can read that the British economic collapse rivals Great Depression, and that British output fell 5.6 % over the last year! That’s a -5.6% GDP, so why is the American press so full of bullshit about ‘turning the corner’? A short stock market rally is no turning of any corner, but a negative rate of GDP for the last year is definitely an ominous sign. It will simply take more than positive spin or pep talks to turn any corner yet ahead.

The desire to paint such a big happy face comes about when corporate leadership has no plans to alleviate any misery anywhere these days. If anything, they remain absolutely fixated on spreading more misery through more war, rather than improving the economic welfare of people through PEACE and a productive society run by a productive economy. Capitalism simply is not a productive economy, but rather is merely a route for and elite to get rich off the rest of us and through a looting of Nature. Changing that would be turning a corner but capitalist elites are not going to change The-ir System.

Apres nous, le Depression

If it matters what to call this financial crisis, what is it? Is America in a recession? When does a deep recession approach a depression? When is an economic crash revealed to be a collapse? Before we can rename the Great Depression, as we did the Great War (WWI), in deference to this latest, we would do better to address the cataclysm which left this depression.

It was not a meteor, not the foot of Godzilla, nor a collapsed salt mine. The scorched earth we see about us, this rapidly degrading economy, is the destruction wrought by a Norman raid; a blitz of rape and pillage with brutal indifference.

It wouldn’t matter what you call it except that the raiders are still among us. If your valuables are still intact, it’s because they haven’t yet been sacked. If you still have your house, it’s not because the tethers aren’t attached, it’s that they haven’t started towing it off.

When you can see this robbery for what it is, you’ll know that history can tell us that the barbarians do not leave even gold fillings unmolested.

Do you doubt a viking analogy? Look at the economic news today. Over half a million jobs lost in January, over three million jobs lost already. On the same day, the stock market rallies upward.

While you are losing your livelihood, those who invested in the long ships are heartened by the projected success of this raid.

The American dyslexia for economics

The interest rate for banks is down to zero. B of A and Citibank are still charging 39%. What again does economic news have to do with me?
 
The biggest news on the economy was BREAKING NEWS a week ago: the US economy is in a recession, and has been for over a year. Can news a year old still be news? What news exactly are we getting from the experts, economists and other mesmerists paraded on the television every evening?

We consult them on a minute by minute basis, actually, on 24/7 cable news stations, for every hint of a whiff of where the weather vane might indicate the US economy is blowing. If the stock market doesn’t hang on their every diagnosis, it reacts to what unelected, self-made officials say. Now we’re led to understand all that spinning can flip-flop for a year-old contradictory study.

And who’s going to let America know when we’ve hit a full-on depression? Will we be told it before the decade is enshrined post-facto in a Time-Life retrospective? Are those in charge so cynical that they count on the public knowing the truth in spite of their lies, because it’s we who endure the effects in real time anyway? The media can lie about unemployment figures too –what could it possibly matter to the unemployed?

It’s not only ADD. Americans understand why too-sobering statistics are kept from us, lest a post-mortem induce pre. We are the great engine of consumerism, running on pure flattery. I think it’s the same self-defeating fatalism which fuels the life insurance scam. We bet against ourselves. We buy self-help books. We are eternally sick.

But does the economy really work so? Would an autopsy be self-fulfilling? Can an economy go sour due to one bad-apple-attitude, or would it be because of the lost jobs?

I’m guessing this is where the University of Chicago meets Euripides, or if it prefers, palmistry. There’s a global comeuppance in your future, you small fraction of Earth’s population who have expended the lion’s share of its resources. That’s what will introduce the American quality of life to harsh earthbound reality.

Keeping American consumers in debt is less a magician’s act of driving the economy, than it is a swindler’s function of distracting the poor dupe until he’s lost his shirt.

But this swindler is not planning to catch the next bus out of town.

This banking scam isn’t over until the shirtless victim is thrown out the saloon door and into the street, where’s he’s got no redress but to face line after line of well armed riot police.

Food riots, economic sustainability, and the historical economic rate of growth

foodAs the world moves toward recession/ depression, dragged down by the bursting US bubble economy, food riots are beginning to occur in multiple locales around the planet. The inflation rate in 2007 for food staple prices has been around 40%. See WFP food aid costs up “dramatically” in past weeks for the figure. The world population is currently growing at something less than 2% per year.

The annual world population growth rate reached its peak in the late 1960s, when it was at 2% and above. The rate of increase has therefore almost halved since its peak of 2.19 percent, which was reached in 1963, to the current 1.15%.

The annual population growth rate is currently declining and is projected to continue to decline in the coming years, but the pace of the future change is uncertain (1). Currently, it is estimated that it will become less than 1% by 2020 and less than 0.5% by 2050.

See world meter population information from where these percentage figures were copied.

So what is the historical capitalist economic rate of growth? That is the rate of growth needed for capitalism to not go into an economic down spin, and that necessary percent of growth is considered to be about 3% by most economists.

Note that this rate of growth needed in GDP is actually higher than the rate of population growth. In other words, even without a growth in world population capitalism needs to continually increase production to maintain the numbers of jobs given to the workers, or employment of them. However, it is this increasing production of goods (most of them quite unnecessary goods) that is decimating the ecology of the planet, and not mere population growth alone.

What we have is a world economy that is not feeding the world’s population adequately, is not maintaining the world’s ecological stability, not providing employment security, and yet is still expanding, which without that expansion in production of goods it would go into an economic crisis of increased world unemployment!

When rates of annual capitalist expansion of GDP go below the average annual rate of economic growth by capitalism, that is called an economic depression, and leads to world political instability, such as we had in the ’30s. That is the ebb in the capitalist business cycle, as opposed to the peak.

The increasing number of riots and upheaval around the world due to the rising world food prices, is simply the first signs that capitalist economic activity is not meeting major human needs once again.

Do you even feel secure right here in the US? Enough said then. The capitalist business has you in its clutches, and in fact, has us all in its clutches as it tears the planet’s ecology apart. It would be impossible to make this monster economically sustainable. It just isn’t. And that’s no matter how many solar panels Fort Carson might install, or ‘green’ companies you might invest in.