Friday, May 28, 2010

It isn't about Lindsay Lohan

Big Brother is Peeping.
It's about the fact that the government can monitor how much alcohol she has in her blood by forcing her to wear an anklet.

You OK with that? Yeah, most people are, as long as it's someone else's ankle. But wait 'til it's yours. Oh, not you, you say? Ah. Well, if they can monitor how much alcohol you have in your system, Einstein, they can monitor, say, what your average heart rate is. And then they can, say, debit you a few bucks because you're not walking enough to make the quota you required by your healthcare insurance provider.

Just use your imagination a little bit. It might begin to put the fear of God in you about the fascist technocracy you live in that you should have.

Tuesday, May 25, 2010

Public-Private Partners

Bloomberg reports:

Goldman Sachs Seeking to Invest in Company to Buy Failed Banks

A Goldman Sachs Group Inc. private equity fund is seeking to join Oaktree Capital Management LP and the Illinois teachers’ pension fund as an investor in a company planning to buy failed U.S. banks, according to public records.


This is probably a good deal for GS, what with all the insiders they have in the very agencies whose task it is to oversee banks and shut down the ones they think should be shut down. And given the Obama administration's record of crafting draconian business deals in favor of union pensions (GM, for example), and the likelihood that the Illinois teacher's union pension might be an apple of Obama's eye, we'd say this is a mighty auspicious undertaking.

For the rich, powerful, and connected. You know, those "Wall Street" villains the president's always promising to punish.

Friday, May 07, 2010

VIX Redux redux.

The VIX, as the Chicago Board Options Exchange Volatility Index is known, rallied 6.1 percent to 34.81 at 12:30 p.m. New York time to extend yesterday’s biggest gain since September 2008.

We just want to point out that a VIX at 34.81 is nothing spectacular, and that common sense suggests that the sort of fear that would accompany the possible disintegration of the Euro, a 10% fluctuation on the Dow, the threat of a global debt contagion bigger than the global financial crisis of 2008, etc. would suggest a substantially higher VIX. A redline, in fact.

In other words, until and unless that redline occurs, there is no VIX confirmation that any storm has passed. In fact, at these levels, the VIX is merely registering a few scattered raindrops.

For more info on the VIX, just search this blog for other posts.

Tuesday, May 04, 2010

White males and truck bombs

Nary a week after the Post Racial President proclaimed that minorities and women -- anyone, really, except white males -- are the apple of his eye vis a vis the upcoming congressional elections, white males seem to have been relegated to public-enemy status.

To wit, even as the world viewed the released surveillance video clip depicting the likely driver of the Times Square truck bomb, the media was reporting that the suspect was "a white male in his forties;" yet a blind person could see that, despite the grainy rendering of the video clip, the man depicted did not really look white, nor in his forties.

While we have come to expect nonsense from the media, we should not let ourselves become so used to hearing it from the elected and appointed officials who govern us that it fails to shock. Accordingly, we are shocked -- genuinely so -- at New York City Mayor Michael Bloomberg's (scripted) remarks to the formerly perky Katie Couric (reading a script of questions) to the effect that the suspect was probably just an average guy with a "political agenda" that included being disgruntled at the "healthcare bill." This is mind-blowingly irresponsible and prejudicial.

Now then, we are given to the conviction that there are few accidents where media time is concerned; that what is controllable is controlled and what isn't is spun. Viewed from this context, when we consider the Mayor's remarks along with those of the Post Racial President, considering as well said president's political pedigree, tactics, associates and their tactics, we smell some powerful and dirty propaganda.

We smell agit-prop demonizing the "Tea Party" movement, most of whom are surely disgruntled with the healthcare bill. Of course, something like 70% of the American populace was likewise disgruntled, but that's a mere sidebar. The Tea Party people are the threat to the entrenched mob in congress, and therefore must be dealt with. Casting them as "terrorists" because they dare to hold congress accountable to the American people has been a ridiculous and shameful staple of the administration's talking points from the moment they began to show up in very large numbers.

We suspect the powers that be would be thrilled if the drumbeat of irresponsible and inflammatory remarks and rotten innuendos that America's best and brightest have risen to spew would piss enough people off that the one loose screw does appear to fulfill their destructive prophecies.

But we also trust that, should this indeed be the case, the powers that be are so incompetent that their fingerprints will be all over it and, like every other foolish thing they've done and said in the last 15 months, the American people will see right through it.

See you in November!

Sunday, May 02, 2010

first they seize your country, then they impose "austerity" on you.

Back slapping, rich white guys from Europe
Rich white guys sell your country to a higher bidder, then drive your country into bankruptcy, then sell what's left of their souls and your future for a bailout ($146 billion as of this writing, it was only $64 billion last week) and then take away all the goodies they promised you when you elected them. You'd riot, too.

Think it can't happen in your homeland?

Bloomberg reports:


Greece Gets $146 Billion Rescue on EU, IMF Austerity Package
May 3 (Bloomberg) -- Euro-region ministers agreed to a 110 billion-euro ($146 billion) rescue package for Greece to prevent a default and stop the worst crisis in the currency’s 11-year history from spreading through the rest of the bloc. (continued)


Resistance is apparently working.