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Politics, society, and why everything is going to hell. - Page 25

post #481 of 1312
Thread Starter 

Jesse's Café Américain

 

 

15 August 2012

Jamie Dimon: Beyond God's Work, Defender of Truth

 
 

"Narcissism is a failure not of conscience but of empathy, which is the capacity to perceive emotions in others and so react to them appropriately. The poor narcissist cannot see past his own nose, emotionally speaking, and as with the Pillsbury Doughboy, any input from the outside will spring back as if nothing had happened.

Unlike sociopaths, narcissists often are in psychological pain, and may sometimes seek psychotherapy. When a narcissist looks for help, one of the underlying issues is usually that, unbeknownst to him, he is alienating his relationships on account of his lack of empathy with others, and is feeling confused, abandoned, and lonely.

He misses the people he loves, and is ill-equipped to get them back. Sociopaths, in contrast, do not care about other people, and so do not miss them when they are alienated or gone, except as one might regret the absence of a useful appliance that one has somehow lost.”

Martha Stout,

The Sociopath Next Door


"Even psychopaths have emotions. Then again, maybe not...Killing is killing whether done for duty, profit, or fun."

Richard Ramirez, The Night Stalker


"I have no desire whatever to reform myself. My only desire is to reform people who try to reform me...I don't believe in man, God nor Devil. I hate the whole damned human race, including myself. I preyed upon the weak, the harmless and the unsuspecting. This lesson I was taught by others: might makes right.”

Carl Panzram, Diary of a Monster
Free the Wall Street One Percent.

Oh, that's right. We forget. Not one of the principals has even been prosecuted.


gordon-gekko.jpg

“Everyone is talking about the culture, the culture, and all that, and it’s just not true. Most bankers are decent, honorable people. We’re wrapped up in all this crap right now.

We made a mistake. We’re sorry. It doesn’t detract from all the good things we’ve done. I am not responsible for the financial crisis. I hate to tell you. We were a port of safety in the storm.

I find it unbelievable that that is the general theme—that you have to walk in a room and act like you are responsible for things you are not responsible for.

I’m an outspoken defender of the truth.

Everyone is afraid of retaliation and retribution. We recently had an event with a hundred small bankers here, and 85 percent of them said they can’t challenge the regulation because of the potential retribution. That’s a terrible thing. Okay?

This is not the Soviet Union. This is the United States of America. That’s what I remember. Guess what. It’s a

free. Fucking. Country.”

Jamie Dimon, Interview with New York Magazine

For a dose of reality see the interview with Neil Barofsky below.

“The suspicions that the system is rigged in favor of the largest banks and their elites, so they play by their own set of rules to the disfavor of the taxpayers who funded their bailout, are true. It really happened. These suspicions are valid.”

Neil Barofsky

post #482 of 1312

We need to raise the conscience level of everyone we know....

 

...How do we do that??

 

** 5 posters have to ask me, "How, Sis", lol before I will let you know, hehehe..

 

******* It's a Secret : )) .......

 

~~Sis.... beep! beep!!

post #483 of 1312
Thread Starter 

Pure Americana

 
At the core of the manifold paradoxes swirling around American governance is the harsh reality that we just can't keep running our shit the way it has evolved to run. Neither candidate for president is honest enough to spell this out and indeed both act as though easy work-arounds exist for sustaining the unsustainable.
 
In the case of Mr. Obama, it's paying limitless TBTF ransom money to overgrown banks to avoid the constant threats of collapse that they whisper in his ear - essentially a hostage racket. A policy of managed contraction is probably the only way to avoid unmanaged and uncontrollable collapse, and would include dismantling all the TBTF banks, but Mr. Obama won't acknowledge the imperative of contraction and the difficulties it represents. So he stands by hoping that Fed Chair Bernanke will keep shoveling ZIRP privileges, "twist' ops, bail-outs, and bond buying interventions to the "primary dealers" - a line-up of flimflams so abstruse that all the Paul Krugmen-type economists who ever lived might puzzle over them around the clock until the end of time and never unravel their inner workings.
 
Mr. Romney subscribes to a set of fantasies out of the Chamber of Commerce playbook that all the familiar activities of status quo wealth generation could easily continue via the marvelous invisible hands of unfettered corporatism, if only the deadweight of government restrictions and the squandering of borrowed public "money" were swept away. His choice of running mate, Congressman Paul Ryan, is meant to embody all those notions -- but more than that appeal to the inchoate mob of Tea Partiers who want to get the gubment's hands off their goshdarn medicare. Anyway, the net effect of Mr. Romney's business fantasies are so inadequate to the contractive forces underway that they would amount to pissing up the massive rope of history in a hurricane of events.
So, as the election race sets up for its terminal lap, expect a completely incoherent debate over the fate of the nation from a couple of characters who personify all the hapless contradictions of the public they will be pandering to. Romney's story appeals to me a little more in its strange psychological dimensions; Obama's role as a living, breathing wish-fulfillment of the liberal imagination is too obvious in comparison.
 
First there is the issue of Mitt's family. His Dad, George Romney, was among many avatars of big business (it used to be called) in its post-WW2 heyday, as CEO of American Motors, the car company that was a clownish fourth to the "big three" of that day (GM, Ford, and Chrysler). American Motors produced joke cars for losers, foremost the Rambler, featuring seats that folded down flat with the implied use as a rolling bedroom. George Romney got himself elected governor of Michigan at a time when the state was so flush with revenue it would have been impossible to misgovern - though he set up the conditions for a later spectacular collapse into the ash-heap of broken dreams it represents today. He battled Richard Nixon for the Republican nomination in 1968 and became a laughingstock by claiming he had been "brainwashed" by US officials and generals into supporting the Vietnam War on a visit there in 1967. It was an unfortunate remark, coming only a few years after the release of a popular movie called The Manchurian Candidate, about a Red Chinese plot to use brainwashed Americans to subvert a US presidential election. Game over for George.
 
So, in this age of creeping dynastic ambition, of Kennedys, Bushes, Browns, here we have another case of a son reenacting the family ambition. You'd think the American public would be getting a little sick of this routine, that is, if we were really the independent and "exceptional" people we pretend to be. But, alas, here you just get the worst natural human tendencies to institutionalize social hierarchy amplified by the idiotic celebrity culture of mass-media, pointing to the conclusion that we supposed lovers of "freedom" and "liberty" crave domination by hereditary rulers. The cheekiness of it all by such "regular guy" phonies like Mitt would be enough to provoke a real political upheaval in a nation less medicated than ours.
 
Then there is the question of Mitt Romney's so-called faith, the preposterous fairy tale called Mormonism. Nobody in the news business today really wants to state plainly what a laughable package of childish incongruities this belief system is - though Adam Gopnik came close recently via a scholarly disquisition in a recent New Yorker that left out most of the comedy - because it is a cardinal rule of our anemic culture that any and all belief systems are equally valid. But the story of Mormon "prophet" Joseph Smith is so rich with inane occult hustling that the Coen Brothers would be hard pressed to satirize it. Of course, it is the perfect religion for a man who now vehemently denounces the very same health care reform policy that he championed a few years ago as governor of Massachusetts.
 
Anyway, bear in mind that, whatever else is going on out there right now in the three-ring circus of presidential politics, events are in the driver's seat, not personalities, and the seeming quiescence of things on the late summer scene is an illusion that will soon dissipate.
post #484 of 1312

12:20 CST...

 

~time for my nap....

 

If you don't want to know the secret, hehehe...have your spouse get a screen name and ask me "How, Sis"

***********************

Previous post : )

 

We need to raise the conscience level of everyone we know....

 

...How do we do that??

 

** 5 posters have to ask me, "How, Sis", lol before I will let you know, hehehe..

 

******* It's a Secret : )) .......

 

~~Sis.... beep! beep!!

post #485 of 1312
Thread Starter 
Quote:
Originally Posted by stoneranger View Post

Adam Gopnik came close recently via a scholarly disquisition in a recent New Yorker

Mormonism and its meanings.

by Adam Gopnik August 13, 2012

The Book of Mormon was a sacred object meant to be venerated; the fact that it existed mattered as much as what it said.

 

Stereotypes and pigeonholes can, in a stable multiethnic society, act as sanctuaries as much as cells. In the heyday of urban ethnic immigration, even anti-Semites allowed that Jews were good at selling drygoods and producing movies, just as Irish Catholics were known to keep a good saloon and walk a decent beat. The ugliest of these pigeonholes suggests a comparative advantage, anyway: to be thought to tap-dance well implies that you can, at least, do that.

American Mormons, in this sense, seem to have been rather flatteringly typed. The Mormon executives and advisers around Howard Hughes were famous for their probity, their clean living, and their loyalty. As with the blond Scandinavian bodyguards who attended the Byzantine emperors, their uprightness was all the more starkly evidenced by the shiftiness of the guy they were protecting. The details of their religious views had nothing to do with the social role they played. The Osmond family was the Mormon family: too many kids and too many teeth, maybe, but always solid, always smiling, always temperate—no alcohol, no tobacco, not even caffeine. In an entertaining new autobiography, “The Book of Mormon Girl: A Memoir of an American Faith” (Free Press), Joanna Brooks recalls ecumenical birthday parties as a young Mormon in California, and the anxiety she felt about simply seeing a bottle of Coke; Mormon parties featured (non-caffeinated) root beer. Nor were the Osmonds an outsider’s image: to this growing girl’s self-conception, the Book of Marie—“Marie Osmond’s Guide to Beauty, Health & Style”—seemed far more important than the Book of Mormon. Be perfect even as Marie on television is perfect, and you will be happy.

 

A lot of this is standard minority-faith stuff, including the perceived power of popular entertainment to validate a whole group. (Recall how Nathan Zuckerman’s father swells with pride when the Andrews Sisters sing “Bei Mir Bist Du Schoen.”) It’s only later in the cycle of integration that the group comes banging on the door—as Jews and Catholics did, in the nineteen-fifties—for more general admission, not as cardboard stage-ethnic types good at one or two things but as people available to do everything, just like the ruling Wasps. That’s when everyone starts asking what it is these people really believe. So, right on cue, we find ourselves in the midst of an efflorescence of Mormon jokes, Mormon books, a Mormon-themed Broadway show—and four new scholarly books. Matthew Bowman’s “The Mormon People” (Random House) offers a comprehensive, neatly written synopsis of the whole history of the Latter-day Saints movement; Paul C. Gutjahr’s “The Book of Mormon: A Biography” (Princeton) traces the origins and afterlife of Latter-day Saints scripture; J. Spencer Fluhman’s “A Peculiar People: Anti-Mormonism and the Making of Religion in Nineteenth Century America” (North Carolina) shows how much Mormon-hating helped shape standard American Protestantism; and John G. Turner’s “Brigham Young: Pioneer Prophet” (Harvard) is a definitive biography of Mormonism’s greatest activist and apostle.

All four authors retell Mormonism’s origin stories. In the eighteen-twenties, in Palmyra, New York, a man named Joseph Smith—who had already been arrested for “glass looking,” the phony detection of underground treasures—said that an angel named Moroni had directed him to a set of buried golden plates, inscribed with an ancient script, which, after various stops and starts, Smith and a friend had translated into a Biblical-sounding English. The plates contained the Book of Mormon, the secret history of a native people of America, who turned out to be lost tribes of Israel. They had long ago emigrated to America, and were the ancestors of the contemporary Indians. These American Hebrews had divided, after long internecine warfare, into two groups, the Lamanites (mostly bad) and the Nephites (mostly good), and—during a trip somehow overlooked by the Gospels—had been visited by Jesus, after the Resurrection and before the Ascension.

 

Scholarly opinion on Smith now tends to divide between those who think that he knew he was making it up and those who think that he sincerely believed in his own visions—though the truth is that, as Melville’s “Confidence Man” reminds us, the line between the seer and the scamster wasn’t clearly marked in early-nineteenth-century America. Mark Twain read the Book of Mormon and, knowing what Smith would have read, not to mention knowing about frontier fakery, came to conclusions about both the sources of its prose and the sequence of its composition:


The book seems to be merely a prosy detail of imaginary history, with the Old Testament for a model; followed by a tedious plagiarism of the New Testament. The author labored to give his words and phrases the quaint, old-fashioned sound and structure of our King James’s translation of the Scriptures; and the result is a mongrel—half modern glibness, and half ancient simplicity and gravity. The latter is awkward and constrained; the former natural, but grotesque by the contrast. Whenever he found his speech growing too modern—which was about every sentence or two—he ladled in a few such Scriptural phrases as “exceeding sore,” “and it came to pass,” etc., and made things satisfactory again. “And it came to pass” was his pet. If he had left that out, his Bible would have been only a pamphlet.
 

The reader who sits down to read the Book of Mormon today may find it even harder going than Twain suggests. One expects the tale of Nephi’s emigration to America, for instance, or of Jesus’ visit to Missouri to be at least soberly vivid, like Early American folk art; but the writing is so compulsively Biblical that all the action seems to take place underwater, and you have to thumb back through the pages when you realize that something cool—Israelites travelling in a boat to these shores—has already happened. Smith mimicked the endless, generation-counting longueurs of the Old Testament so skillfully that he rendered the book dead as literature while giving it credibility as a sacred text: a book as boring as this could have been inspired only by the breath of God.

The Book of Mormon is, in any case, only one of many pronouncements that Smith offered his new troops, apparently improvising as he went along, according to the shifting spiritual needs of the moment. (After other followers began to have revelations from angels of their own, the Holy Ghost inspired Smith to the conclusive revelation that only his revelations ought to be church policy.) As all our authors remind us, Mormonism was just one of countless sects dating from the Second Great Awakening, that period of the early nineteenth century which saw the first expression of the kind of hyper-emotional, revivalist Methodism that has remained the signature style of American Christianity into our own time. Smith’s part of upstate New York was called, Gutjahr tells us, “the ‘Burned-Over District,’ because the region was so often swept by the flames of the Holy Spirit.”

 

All the sects had their own creeds, visionaries, and beliefs; they ranged from the Millerites, an upstate cult whose founder taught that the world would come to an end and Jesus return on March 21, 1843, all the way to the Oneida Community, whose members believed that Jesus had already returned and given everybody license for free love.

What made Smith’s followers stick by him, even after the local Protestants became openly hostile and the Latter-day Saints had to flee from state to state and town to town? One thing—and it seems peculiar to the Mormons—was the thrill of believing in a wholly American revelation. It happened here, to people like us: angels came and told us that the land was not story-less and virgin but ancient and possessed of a secret history. (This meant assigning the native people a made-up past and ignoring their actual past; what to do about the Indians, who were both the “ancients” and the “Others,” became a source of theological and practical grief.) Curiously, the Americanness of the revelation was also one of the things that made it irresistible to the thousands of working-class Englishmen and women who converted to the new faith in the eighteen-thirties and forties; visiting Mormon apostles, led by a promising Smith lieutenant named Brigham Young, told prospective immigrants that “millions upon millions of acres of land lie before them unoccupied, with a soil as rich as Eden.”

 

The powers that possession of the Book of Mormon conferred mattered more than the doctrines that it contained. “Rarely did missionaries draw on the verses and stories of the Book of Mormon in sermons,” Bowman explains. “Rather, they brandished the book as tangible proof of Joseph Smith’s divine calling.” Some holy texts, the Gospels, for instance, are evangelical instruments meant to convert people who read them; others are sacred objects meant to be venerated. The Book of Mormon is a book of the second sort. As the French religious historian Jean-Christophe Attias points out, in traditional Judaism the physical presence of the Scripture is at least as important as its content: when the Torah is unrolled during the service, it’s meant to be admired, not apprehended. That the Mormons had a book of their own counted for almost as much as what the Book of Mormon said.

Mormonism had other assets. Smith held (especially in the sermons he preached toward the end of his life) that God and angels and men were all members of the same species. “God that sits enthroned is a man like one of you” and “God Himself was once as we are now, and is an exalted man” were two of his most emphatic aphorisms on the subject. (People who were “exalted,” in Smith’s language, were men moving toward godhood, as God himself had once been a man who achieved it.) Although in many other respects, as Fluhman and Bowman point out, Mormonism was orthodox in its outlook—Jesus is the sole Messiah, and his history as told in the Gospels is taken to be true, if incomplete—the doctrine of God-as-Man divided Smith’s cult from the others, and scared the pants off even charismatic Protestantism: the Protestants were willing to accept that we are made in his image, but not that we are made of the same flesh.

 

This doctrine led in turn to various theological niceties, which seem to have risen and receded in the faith’s theology over the years: one is that the birth of Jesus had to have been the consequence of a “natural action”—i.e., that God the Father knew Mary in a carnal way, in order to produce the Messiah. (This doctrine is currently in disfavor, but it had a long life.) Another is that God, being an exalted man, must have a wife, or several wives, as men do; she is known as the Heavenly Mother, and is a being distinct from Mary. (Smith’s belief in exaltation evolved into the belief that other planets were inhabited by men even more exalted than we are; Smith taught that the truly exalted will get not just entry into Heaven but a planet of their own to run. This is now taken, or taught, metaphorically, the way conventional Christians often think of Hell, but it was part of the story.)

 

And then the Book of Mormon, unlike anything in the five books of the Torah, is told in a kind of flat first person: the book’s opening chapters all begin with the formula “I, Nephi.” This was not just an American Bible; it was a Bible with an evangelical, camp-meeting tone laid over the Old Testament vocabulary. The testimonial is the essential genre of the Great Awakening, and the Book of Mormon, for all its pastiche, is at heart a testimonial—starting with Nephi’s own account of how he got his people here. Even if you didn’t stay to find out what I, Nephi, did, the fact that I, Nephi, did it counted for a lot. Among other Christian texts, perhaps only the Gnostic Gospels of the early Christian centuries use the first person in quite this way. (Luke and Revelation begin with a personal introduction, but aren’t really personal stories.) And, though the charge of Gnosticism was often directed at them maliciously by other Christians, Mormonism does have a definite Gnostic aroma. Like the Gnostics, the Mormons thought that the conventional texts had too much atonement and too little attainment. Mormonism objects to making a big deal of the morbid agony of Jesus on the Cross at the expense of the more cheerful apparition of Man-made-into-God. This is why there are no crosses on Mormon temples; our guy triumphed far more than he suffered.

 

America, one might fairly say, had two foundings: the first under the Enlightenment guidance of its rich intellectual founders, and a second with the popular, evangelical Second Great Awakening, which flamed a quarter century afterward. Ever since, the two have, like the Lamanites and the Nephites, been at war for the soul of the country, with the politics not always easily predictable; it was really the Awakening side that led to abolitionism. (Smith ran for President on an advanced abolitionist platform, in 1844.) Over time, the spiritual descendants of the Awakening have sought to annex Enlightenment doctrines, chiefly through the claim that the Founders were not skeptical Enlightenment deists but passionate Evangelical fundamentalists, while the Enlightenment-minded have tried to annex the Awakening’s passionate energy to their causes, as in the civil-rights movement, where black churches became the emotional engine of what was, on its face, a legal argument about public facilities. Mormonism is a child of this fracture. In one way, it is a product of the Enlightenment love of secret histories and societies and rococo cosmologies—a “Magic Flute” for America, sung with a massed choir. (Many of its rituals and symbols seem to have a source in Freemasonry; Smith was an inducted Mason.) But it is also an instance of popular religious turbulence, not at all esoteric in its appeal but fully open to the world and evangelical in spirit.

As Fluhman shows in marvellous detail, Mormonism was the great scandal of American nineteenth-century religion, somewhat as Scientology is today, though Mormons understandably dislike the comparison. Mainstream Protestants couldn’t dismiss Mormonism, couldn’t embrace it, and couldn’t quite understand it, and yet it thrived. For American Protestantism, Mormonism was the other: you defined yourself against those nuts. Indeed, to this day, Joanna Brooks tells us, Mormons perceive their persecutors to be not atheists or secularists, let alone Jews or Catholics, but Protestant Evangelicals. (“And then it happened. My mother put her hand on my knee as we made the turn. There they were, those words—MORMONS: CHRISTIANITY OR CULT?—on the Trinity marquee. Anger burned between my temples again, and tears stung my eyes. ‘I heard they held up garments’ ”—Mormon sacramental underwear—“ ‘in church last Sunday, too,’ my mother told me, pityingly.”)

 

Forced out of New York by an earlier version of that fierce Protestant hostility, Smith and his followers began their years of wandering. Wherever they went, they infuriated the non-Mormon locals, and also managed to infuriate one another: the early history of the movement involves a bewildering series of excommunications, internal banishments, and the increasing threat of violence to enforce new rules as Smith received them. Smith was eventually martyred by a mob in Carthage, Illinois, while in the local jail awaiting trial for treason. Which of his doctrines enraged the mob is hard to grasp, but it may have been sex more than heresy. You could have as many doctrines as you liked, but not as many wives.

There the story might have ended. Yet as a rule the success of a new religious movement depends not so much on the mystical visions of its founder as on the executive energy of its first evangelist. Christianity may be Jesus’ intuition, but it is Paul’s institution, and the Nation of Islam owed less to the mysterious preachments of Wallace Fard than to the organizational tenacity of Elijah Muhammad. Brigham Young inhabited this role for the Mormons, and about as fully as any apostle ever has. Young was one of Smith’s earliest followers, a hard-bitten character from Vermont who, inheriting Smith’s mantle, got his posse of believers out West and, instead of pushing forward along the Oregon Trail and joining the gold rush, chose an arid but suitable piece of land, planted his people there, and, in 1847, began building a wooden tabernacle in the town he called Salt Lake City.

 

Young’s accomplishment in getting his unruly congregation out of their contentious place in settled country to a new territory of their own is genuinely remarkable. As the first governor of Utah—he preferred the Mormon name Deseret—he ruled more or less alone over a huge chunk of Western territory, including a lot of what is today Wyoming, Colorado, and Nevada. Understandably, Turner is inclined to see Young as a kind of Western hero, the John Wayne character in a Howard Hawks Western, rough around the edges; he is one of the few nineteenth-century public figures to be routinely on the record saying “frigged” and “shit.” Yet the figure who emerges in the biography starts off more like Jim Jones or David Koresh. He preached a brutal doctrine of “blood atonement” that Turner describes as a “chilling perversion of the golden rule.” Young’s formulation: “Will you love that man or woman enough to shed their blood? That is what Jesus Christ meant.” For a time, he tolerated a group of frontier thugs who acted as personal emissaries, and, despite Smith’s gestures toward universalism, imposed a hard anti-African and pro-slavery line. (Blacks were excluded from the priesthood and from temple ceremonies.) Young was in power at the time of the Mountain Meadows Massacre, in 1857, in which more than a hundred peaceful non-Mormon emigrants were disarmed under an elaborate promise of safe conduct and then murdered en masse. “The attackers mercilessly shot, stabbed, and slashed the throats of emigrants who pled for their lives,” Turner recounts, in an event he describes as “a heinous crime executed after careful deliberation and subterfuge.” For all that, the killers “appeared to remain not just in good standing but in Young’s own personal favor,” Turner notes. It’s a long way to the Osmonds.

Young’s brutality, and his insistence that Utah belonged exclusively to the Mormons, led President James Buchanan to send in the troops; Young armed his men and swore that they would burn down Salt Lake City before they bowed to Washington. All the elements for full-scale religious warfare seemed set, and the thing might easily have ended in a counter-massacre and the collapse of the Mormons as a force in North America.

 

In the end, Young backed down and accepted federal supremacy in the territory. He knew that his people had little hope against the Army—but this is not a thought that has stopped religious zealots in the past, from Masada on. (Had Young somehow found a way to repel that pre-Civil War Army, a large tract of the continent might now be a religious state called Zion.) Something more was at work. One element latent in Smith’s theology that Young brought forward was a kind of sanctified materialism. His brand of Mormonism might at times have been extra-planetary, but it was scarcely otherworldly. Right here on earth, he insisted, men became saints and even approached godliness. Smith taught that Gods and men were one species; Young made this idea a practical guiding principle. “We are not going to wait for Angels” was his very American aphorism on the subject. “We intend to build up Zion on the earth.” Since we are angelic already, we should not let the forces of Lucifer drive us from the Heaven we’ve found. There was no virtue in letting your enemies send you to that other, better place, if Salt Lake City was essentially just as good.

The implicit social treaty to which the Mormons in Utah agreed meant giving up their claims to autonomy and the practices that their countrymen found most distasteful (notably, polygamy), in exchange for recognition of their primacy in Utah and a readiness in the rest of the country to tolerate their faith. Mormons effectively turned away from spiritual adventuring toward the gospel of prosperity. After the Civil War, Brigham Young sponsored the first Mormon department stores and commercial franchises, the Zion Co-operative Mercantile Institutions, through which, Turner says, “Mormon merchants would earn reduced profits, but undercut the non-Mormon counterparts and keep Zion’s wealth within its borders. . . . Merchants who invested in the enterprise displayed a ZCMI sign on their storefronts, consisting of an ‘All-Seeing Eye’ and the phrase ‘Holiness to the Lord.’ ” The Salt Lake Zion was now a commercial capital. Turner shows that the Z.C.M.I. in part reflected the socialist and communalist doctrines that Smith had taught, and were opposed by more laissez-faire Mormons. Still, the stores were there to sell Eastern goods to Utah shoppers.

 

Turner’s book approaches its end with a photograph of the grandest of the Z.C.M.I. department stores, the capital’s Eagle Emporium, attended by a stern-faced honor guard of local Indians. An emporium civilization had taken over from the territorial one. It was a victory of Gilded Age capitalism (enforced perhaps by the railroads, which made indefinite isolation an unrealistic goal) over Great Awakening spiritualism. Fluhman writes of this alteration a little regretfully, as a kind of spiritual sellout. The Sacred Tabernacle had allied itself with the Big Store. But, as usual in America, the squalid turn toward vulgar prosperity was also a sane turn toward social peace.

Mormonism remained more or less theologically whole, with its holy book and its distinctive doctrines. But this sublimation of the energy of the faith into the energy of commerce seems always to have marked it afterward. Many faiths know a moment when a territorial practice gets pointed toward a symbolic and indoor activity: thus, most famously, the move from the Temple Judaism of ancient Israel to the Talmudic, rabbinical Judaism that arose after the destruction of the Temple. Less noted, perhaps, is the retrenchment of Roman Catholicism in France from the aggressive political role it played as recently as the Dreyfus affair toward the inward-turning N.G.O. it is today: the energy that produced Sacré Coeur in Montmartre now expresses itself in the number of water wells dug in Africa. For Mormonism, the intensity of the faith got sublimated into missionary zeal and commerce. Joanna Brooks explains this nicely: “Being Mormons we were taught never to go in for the bamboozle of mysterious sacraments of grace embraced by the rest of apostate Christendom. . . . No, no, we Mormons were taught that our works must carry us there.” The emphasis on works is a Protestant standby, but in this case it is without the grim Calvinist suspicion that maybe the works won’t get you to Heaven. Mormons know they will. Work and grace are not in tension but in neat accord. A mercantile church and a missionary church move in the same holy direction, and the vector that points both forward is the energy of enterprise.

 

Yet how much do specifically Mormon beliefs matter to contemporary Mormons? Brooks’s story, give or take a Nephite or two, could unfold in any fundamentalist community that provides comfort and meaning if you’re prepared to park your critical intelligence in the lot outside the church door. She writes, often quite movingly, of the persistent ambivalence of her feelings about her natal faith, but any strayed member of a tight community of believers feels this way about it. Nephi, the Lamanites, the approaching apocalypse in Missouri—these things hardly come up. What resonates for her is the Mormon elder who said that heavy-metal music had secret satanic codes—the same preacher you find in any fundamentalist camp. These stories of attachment and repulsion are being played out in or around Hasidic communities in Brooklyn every day, and surely, for that matter, among Sikhs and Jains in Queens, too. This is the story of faith, not of Joseph Smith’s faith. The allegiance is to the community that nurtured you, and it is bolstered by the community’s history of persecution, which makes you understandably inclined to defend its good name against all comers. It isn’t the truth of the Book, or the legends of Nephi, that undergird Mormon solidarity even among lapsed or wavering believers; it’s the memories of what other people were prepared to do in order to prevent your parents from believing. A critique of the creed, even a rational one, feels like an assault on the community.

 

One has a strong sense, reading the literature, of a contemporary Mormonism that has deliberately placed its most distinctive doctrines and icons in eclipse. Mormon art produced one camp genius, the mid-twentieth-century painter Arnold Friberg—he won non-Mormon fame as Cecil B. De Mille’s designer for “The Ten Commandments”—who illustrated Smith’s scripture in a style that’s a cross between Norman Rockwell and a “Conan the Barbarian” comic; his image of Nephi is canonic among believers, and, it must be said, looks exactly like Mitt Romney. But these eccentric triumphs have been largely hushed, and Mormonism now emphasizes its congruence with conventional Christianity rather than its differences. Walk by the Latter-day Saints church on the Upper East Side of New York, and you will see only images of Jesus and scenes from the Gospels, even if the Mormon Jesus looks more corn-fed and burly than the gaunt, ascetic one in the Protestant church around the corner. The continuing Mormon suspicion of Evangelicals, and the Evangelical hostility toward Mormons, could be politically significant only if the guy on the other side is a credible Evangelical, at least in emotional style. When the other guy is at best an intellectual and at worst an Arab, political solidarity is bound to trump inter-sectarian mistrust.

 

The image seems to have turned yet again, and now the Mormons of the popular imagination are not so much honest as innocent. In Tony Kushner’s “Angels in America” (whose title refers to the Mormon myth), the Mormons, though repressed, are failures only at living up to their own potent mythology of an American Eden. The Mormons in Trey Parker and Matt Stone’s “The Book of Mormon” are not the heretics of the early years, or the separatists of the mid-nineteenth century, or even the trustworthy men of the Hughes period. They are well-meaning naïfs, essentially sweet and admirable—though, to be a little heretical myself, this may be evidence, along with much of “South Park,” of Parker and Stone’s wanting to take credit for being bold without ever taking the risks or responsibility that come with being brave. (By mocking the Mormon kids while not mocking them—because everyone else is ridiculous, too—and getting laughs from racist clichés while making it clear that they know they’re racist clichés, they want the thrill of being thought satirists while seeking the safety of mere silliness.)

 

All of which leads to the inevitable question: To what degree is Mormonism responsible for Mitt Romney? Is there a thread, dark or golden, that runs from Moroni to Mitt? Garry Wills has argued, after all, that Irish Catholic ideas about sin—that sin is negotiable currency, to be practiced, done penance for, forgiven—allowed John Kennedy some serenity as he screwed his way through the White House typing pool, just as the habits of Protestant Evangelical belief, in forgiveness and temptation and forgiveness, in a never-ending cycle, helped Bill Clinton find a common language with working-class people. The most striking feature of Mitt Romney as a politician is an absence of any responsibility to his own past—the consuming sense that his life and opinions can be remade at a moment’s need. Romney, according to Romney, never favored the individual mandate, or supported abortion rights, or opposed the auto-industry bailout, or did any of the other things he obviously, and on the record, did.

 

One could presumably make a case that beleaguered faiths always shy from admitting errancy in public. Dominant faiths can afford tales of failure and redemption, with sinners becoming saints and saints dropping in and out of the calendar like blue-plate specials; beleaguered ones have to put on a good face in public and never lose it. Donny Osmond talks about the anxieties that arose from a need to appear perfect, and the impossibility of admitting in public to flaws or errors. Better to have a new revelation about, say, health-care mandates that renders the previous one instantly inoperable than spend time apologizing for the old ways. When, in 1978, the Church of Jesus Christ of Latter-day Saints abandoned the rule prohibiting blacks from serving as priests, one church leader, Bruce McConkie, explained, “It doesn’t make a particle of difference what anybody ever said about the Negro matter before the first day of June 1978.” You could find, or think you’ve found, a similar logic behind Romney’s blithe amnesia when it comes to the things he used to think and say.

Yet class surely tells more than creed when it comes to American manners, and Romney is better understood as a late-twentieth-century American tycoon than as any kind of believer. Most of what is distinct about him seems specific to the rich managerial class of the nineteen-eighties and nineties, and is best explained so—just as you would grasp more about Jack Kennedy from F. Scott Fitzgerald (an Irish and a Catholic ascending to Wasp manners) than from St. Augustine. In another way, though, this is precisely where faith really does walk in, since commerce and belief seem complementary in Romney’s tradition. It’s just that this tradition is not merely Mormon. Joseph Smith’s strange faith has become a denomination within the bigger creed of commerce. It’s unfair to say, as some might, that Mitt Romney believes in nothing except his own ambition. He believes, with shining certainty, in his own success, and, more broadly, in the American Gospel of Wealth that lies behind it: the idea that rich people got rich by being good, that the riches are a sign of their virtue, and that they should therefore be allowed to rule.

 

Then again, almost every American religion sooner or later becomes a Gospel of Wealth. Forced into a corner by the Feds, Young’s followers put down their guns and got busy making money—just as the Oneida devotees who made silverware for a living ended up merely making silverware. (The moneymaking activities of the major churches hardly need outlining.) Christmas morning is the American Sabbath, and it runs, ideally, all year round. The astonishing thing, and it would have brought a smile to Nephi’s face as he and his tribe sailed to the New World, is that this gospel of prosperity is the one American faith that will never fail, even when its promises seem ruined. Elsewhere among the Western democracies, the bursting of the last bubble has led to doubts about the system that blows them. Here the people who seem likely to inherit power are those who want to blow still bigger ones, who believe in the bubble even after it has burst, and who hold its perfection as a faith so gleaming and secure and unbreakable that it might once have been written down somewhere by angels, on solid-gold plates.



Read more http://www.newyorker.com/arts/critics/atlarge/2012/08/13/120813crat_atlarge_gopnik?printable=true#ixzz23dWqbZIm

post #486 of 1312
Thread Starter 

40 Points That Prove That Barack Obama And Mitt Romney Are Essentially The Same Candidate

 

What a depressing choice the American people are being presented with this year. We are at a point in our history where we desperately need a change of direction in the White House, and we are guaranteed that we are not going to get it. The Democrats are running the worst president in American history, and the Republicans are running a guy who is almost a carbon copy of him. The fact that about half the country is still supporting Barack Obama shows how incredibly stupid and corrupt the American people have become. No American should have ever cast a single vote for Barack Obama for any political office under any circumstances. He should never have even been the assistant superintendent in charge of janitorial supplies, much less the president of the United States. The truth is that Barack Obama has done such a horrible job that he should immediately resign along with his entire cabinet. But instead of giving us a clear choice, the Republicans nominated the Republican that was running that was most similar to Barack Obama. In fact, I don't think we have ever had two candidates for president that are so similar. Yes, there are a few minor differences between them, but the truth is that we are heading into Obama's second term no matter which one of them gets elected. The mainstream media makes it sound like Obama and Romney are bitter ideological rivals but that is a giant lie. Yeah, they are slinging lots of mud at each other, but they both play for the same team and the losers are going to be the American people.

 

Republicans are being told that they have "no choice" but to vote for Romney because otherwise they will get another four years of Obama.

This "lesser of two evils" theme comes out every four years. We are told that we "must" vote for a horrible candidate because the other guy is even worse.

Well, millions of Americans are getting sick of this routine. Perhaps that is why it is being projected that as many as 90 million Americans of voting age will not vote this year.

Yes, Barack Obama has been so horrible as president that it is hard to put it into words.

But Mitt Romney would be just like Barack Obama.

Those that are dreaming of a major change in direction if Romney is elected are going to be bitterly, bitterly disappointed.

 

The following are 40 ways that Barack Obama and Mitt Romney are essentially the same candidate....

1. Barack Obama and Mitt Romney both supported TARP.

2. Mitt Romney supported Barack Obama's "economic stimulus" packages.

3. Mitt Romney says that Barack Obama's bailout of the auto industry was actually his idea.

4. Neither candidate supports immediately balancing the federal budget.

5. They both believe in big government and they both have a track record of being big spenders while in office.

 

6. Barack Obama and Mitt Romney both fully support the Federal Reserve.

7. Barack Obama and Mitt Romney are both on record as saying that the president should not question the "independence" of the Federal Reserve.

8. Barack Obama and Mitt Romney have both said that Federal Reserve Chairman Ben Bernanke did a good job during the last financial crisis.

9. Barack Obama and Mitt Romney both felt that Federal Reserve Chairman Ben Bernanke deserved to be renominated to a second term.

10. Both candidates oppose a full audit of the Federal Reserve.

 

11. Both candidates are on record as saying that U.S. Treasury Secretary Timothy Geithner has done a good job.

12. Barack Obama and Mitt Romney have both been big promoters of universal health care.

13. Mitt Romney was the one who developed the plan that Obamacare was later based upon.

14. Wall Street absolutely showers both candidates with campaign contributions.

15. Neither candidate wants to eliminate the income tax or the IRS.

 

16. Both candidates want to keep personal income tax rates at the exact same levels for the vast majority of Americans.

17. Both candidates are "open" to the idea of imposing a Value Added Tax on the American people.

18. Barack Obama and Mitt Romney both believe that the TSA is doing a great job.

19. Barack Obama and Mitt Romney both supported the NDAA.

20. Barack Obama and Mitt Romney both supported the renewal of the Patriot Act.

 

21. Barack Obama and Mitt Romney both believe that the federal government should be able to indefinitely detain American citizens that are considered to be terrorists.

22. Both candidates believe that American citizens suspected of being terrorists can be killed by the president without a trial.

23. Barack Obama has not closed Guantanamo Bay like he promised to do, and Mitt Romney actually wants to double the number of prisoners held there.

24. Both candidates support the practice of "extraordinary rendition".

25. They both support the job-killing "free trade" agenda of the global elite.

 

26. They both accuse each other of shipping jobs out of the country and both of them are right.

27. Both candidates are extremely soft on illegal immigration.

28. Neither candidate has any military experience. This is the first time that this has happened in a U.S. election since 1944.

29. Both candidates earned a degree from Harvard University.

30. They both believe in the theory of man-made global warming.

 

31. Mitt Romney has said that he will support a "cap and trade" carbon tax scheme (like the one Barack Obama wants) as long as the entire globe goes along with it.

32. Both candidates have a very long record of supporting strict gun control measures.

33. Both candidates have been pro-abortion most of their careers. Mitt Romney's "conversion" to the pro-life cause has been questioned by many. In fact, Mitt Romney has made millions on Bain Capital's investment in a company called "Stericycle" that incinerates aborted babies collected from family planning clinics.

34. Barack Obama and Mitt Romney both believe that the Boy Scout ban on openly gay troop leaders is wrong.

35. They both believe that a "two state solution" will bring lasting peace between the Palestinians and Israel.

 

36. Both candidates have a history of nominating extremely liberal judges.

37. Like Barack Obama, Mitt Romney also plans to add "signing statements" to bills when he signs them into law.

38. They both have a horrible record when it comes to job creation.

39. Both candidates believe that the president has the power to take the country to war without getting the approval of the U.S. Congress.

40. Both candidates plan to continue running up more government debt even though the U.S. government is already 16 trillion dollars in debt

post #487 of 1312
Thread Starter 
 
Financialization's Self-Destruct Sequence 



by Charles Hugh Smith


August 16, 2012

We are in the latter stages of financialization's self-destruct sequence.

Like all systems that follow an S-curve of growth and decay, financialization cannot return to its growth phase. I addressed the impossibility of reflating asset and credit bubbles in

Let's Pretend Financialization Hasn't Killed the Economy (March 8, 2012).

financialization-curve.jpg

But there is another dynamic at play: a self-destruct sequence triggered by central bank and Central State efforts to reflate asset and credit/leverage bubbles. All central bank and State policies aimed at driving capital into risk assets boil down to reflating phantom assets purchased with debt by issuing more debt that is based on newly issued phantom assets.

 

Phantom assets purchased with debt cannot be reflated by issuing more debt that is based on newly issued phantom assets. Piling more debt/leverage on a sandpile of phantom assets (CDS, bonds that cannot possibly be paid back, empty condos in the middle of nowhere, etc.) only heightens the probability that the unstable pile will collapse.

 

The implicit Central Planning campaign to trigger "mild" inflation is part of the self-destruct sequence. Central planners metaphorically fight the last war, or at best the last two wars, and so they remain blind to any dynamics that did not exist in their case studies.

In the 1970s, central bank easing and Central State stimulus sparked a nasty bout of accelerating inflation. This reduced the weight of debt because wages inflated along with goods and services.

 

Now that labor is in surplus globally, wages are not keeping pace with inflation. This completely changes the dynamic of "mild" (3%) inflation: as the purchasing power of earned income declines, servicing debt becomes more burdensome. Inflation only renders debt less burdensome if wages rise at the same rate as the cost of goods and services.

In a decade of "mild" inflation and stagnant wages, households will experience a very real-world 30+% decline in their income. Meanwhile, their debt payments remain unchanged.

 

"Mild" inflation in an era of stagnant earned income will crush households, forcing liquidation or renunciation of debt. What happens as debt service costs rise as a percentage of real net income? There is less cash for consumption, and so the consumer-dependent economy spirals down. Credit is poured into the banking sector, but little trickles down to high-debt, stagnant-income households. This is deleveraging writ large.

What happens when central bank financial repression--lowering the yield on cash to near-zero--causes pension plans to fail and savings to earn negative real returns? Households must save more income to compensate for the destruction of yield by Central Planners.

 

These mutually reinforcing dynamics feed the self-destruct sequence's inevitability. Add up the self-destructive forces: declining purchasing power, negative real returns on savings, rising debt based on newly issued phantom assets, and promises unbacked by real assets or based on declining national surpluses.

 

As Central Planning reflation of phantom assets fails, the credibility of the Status Quo institutions that promised success will crumble. I have described the dynamics of Heightened Expectations and the Collapse of Credibilityand discussedThe Keys To Understanding the Collapse of the Status Quo: Credibility and Expectations.

In the euphoric blow-off top phase of financialization, expectations of security and wealth were raised by political Elites anxious to mask the systemic looting of national wealth by financial/political Elites. Promises were even easier to issue than paper money.

But issuing promises, credit and leverage did nothing to expand the national surplus or the resources that ultimately back the promises and credit.

 

We can characterize the sudden, explosive convergence of fantasy (phantom assets and promises) and reality as Snapback! (October 9, 2008). The entire project of Central Planning (central banks and States) is to "extend and pretend" the Status Quo in the hopes that the gargantuan divergence between fantasy and reality will magically close as the result of "aggregate demand" or a new business cycle, or some other version of renewed "animal spirits."

 

But "animal spirits" require trust in the transparency and fairness of markets and Status Quo institutions. As markets are rigged and manipulated to manage perceptions and enable vast skimming operations to continue, the credibility of the markets, politicos, State oversight agencies and the financial sector is eroded.

As central bank/State reflation of phantom assets fail, the credibility of the entire political/financial Elite and the institutions they control will be irrevocably lost.

 

Financialization's self-destruct sequence has been triggered, and there is nothing anyone can do to stop it. The workings of the machine are opaque, and the interactions complex. We cannot know when the sandpile will collapse, or what the proximate cause of the collapse will be, but we can know that the unstable pile will collapse under the weight of the system's illusory assets, fraud, collusion, embezzlement, corruption and corrosive dependence on artifice and lies.

We also know that self-serving vested interests will continue their pillaging until the destruct sequence's final implosion brings the entire rotten edifice down in heap of empty promises.

In a word: Snapback!

post #488 of 1312
Thread Starter 

Assange Or Corzine?

 
 

 

by John Aziz of Azizonomics

 

 

Assange Or Corzine?

Priorities are a bitch.

The United States won’t prosecute Corzine for raiding segregated customer accounts, but will happily convene a Grand Jury in preparation for prosecuting Julian Assange for exposing the truth about war crimes.

 

corzine-assange.png?w=600

 

From the New York Times:

A criminal investigation into the collapse of the brokerage firm MF Global and the disappearance of about $1 billion in customer money is now heading into its final stage without charges expected against any top executives. After 10 months of stitching together evidence on the firm’s demise, criminal investigators are concluding that chaos and porous risk controls at the firm, rather than fraud, allowed the money to disappear, according to people involved in the case.

 

Corzine is considering opening a new hedge fund, though the notion that anyone — even a slack-jawed muppet happy to buy whatever Goldman ‘s prop traders want to sell — would seed Corzine money so he can trade or steal it away seems absurd — rather like putting a child molester in charge of a day-care.

But nobody knows how much dirt Corzine has on other Wall Street crooks. Not only may Corzine get away with corzining MF Global’s clients’ funds, he may well end up with a whole raft of seed money to play with from those former colleagues and associates who might prefer he remain silent regarding other indiscretions he may be aware of.

 

But the issue at hand is the sense that we have entered a phase of exponential criminality and corruption. A slavering crook like Corzine who stole $200 million of clients’ funds can walk free. Meanwhile, a man who exposed evidence of serious war crimes is for that act so keenly wanted by US authorities that Britain has threatened to throw hundreds of years of diplomatic protocol and treaties into the trash and raid the embassy of another sovereign state to deliver him to a power that seems intent not only to criminalise him, but perhaps even to summarily execute him. The Obama administration, of course, has made a habit of summary extrajudicial executions of those that it suspects of terrorism, and the detention and prosecution of whistleblowers. And the ooze of large-scale financial corruption, rate-rigging, theft and fraud goes on unpunished.

post #489 of 1312
Thread Starter 

The West Has Just Become A Giant Banana Republic

 
 

by Simon Black of Sovereign Man

 

 

The West Has Just Become A Giant Banana Republic

Wikileaks founder Julian Assange has made an admirable habit of enraging western governments over the last few years, particularly the United States.

Most notably, his release of classified diplomatic documents in 2010 proved ruthlessly embarrassing, shining a spotlight on the absurd, petty little world of international relations.

Ever since, the US government has done everything it can to stop him. Short of assassination. They shut down his website, but mirror sites instantly popped up. They sought legal action, but their efforts have been impeded by the bureaucratic deftness of his attorneys. They froze his bank accounts… but donations have poured in from all over the world.

 

Along the way, Uncle Sam co-opted a number of allied nations to set aside their principles for the sake of US interests–Switzerland rolled over immediately and shuttered Assange’s bank accounts.

Australia (his home country) has remained conspicuously silent on the matter, raising not a single word of protest in his defense. One high ranking Aussie politician even publicly suggested that Assange should be killed.

 

Sweden has happily played along, trumping up dubious allegations about Assange and issuing an international arrest warrant.

And now there’s the UK, where Assange has been based. The British government located and arrested him, yet after his legal team was able to secure bail and delay extradition, Assange sought refuge at the Ecuadoran embassy in London. He’s been living there for two months in violation of his bail.

Assange knows that, if extradited to Sweden, he’ll be shipped off to face the death penalty in the US… so the stakes are clearly high. He even petitioned Ecuador’s president Rafael Correa for political asylum, and just hours ago, Correa agreed.

 

Swarms of British police have now descended on the Ecuadoran embassy in London. This, on the heels of the British Foreign Ministry issuing a warning letter to Ecuador’s government threatening to “take actions in order to arrest Mr. Assange in the current premises of the [Ecuadoran] embassy.”

Such a move would be appalling, to say the least.

Embassies are hallowed sovereign ground, not to be trespassed. Ever. This is the most sacrosanct, fundamental, inviolable principle of international relations, explicitly codified in both the Vienna Convention on Diplomatic Relations (1961) and the Vienna Convention on Consular Relations (1963).

Article 27 of the latter, for example, states that “the receiving State [the UK in this case] shall, even in case of armed conflict, respect and protect the consular premises, together with the property of the consular post and the consular archives.”

 

International law seems pretty obvious here. Yet British police stand ready to storm the embassy, arrest Assange, and tear down decades of diplomatic precedent.

In a way this is almost poetic. Assange is the man who exposed western diplomacy for the fraud that it is. That he would be sent to his death by an egregious violation of its most fundamental principle seems strangely appropriate.

Regardless, the whole affair is perhaps the foulest example that western governments will ignore their own laws, or selectively apply them, whenever they see fit.

 

Legal precedent means nothing. Rule of law means nothing. Free speech means nothing. Their own treaties mean nothing. It’s unbelievable. Anyone in the west who honestly thinks he’s still living in a free society is either a fool or completely out of touch.

If that seems too radical an idea, consider that ECUADOR is now the only nation which stands to defend freedom and human rights against an assault from the United States, the United Kingdom, and their spineless allies.

The west has just become a giant banana republic. Have you hit your breaking point yet? If not now… when?

post #490 of 1312
Thread Starter 

The Only 'Un-Manipulated' Chart Of The Real Un-Recovery You'll Ever Need

 
Tyler Durden's picture


Probably no other commodity is tied to global growth, especially EM and China growth, than the key steel-making ingredient - Iron Ore. The iron ore price continues to plunge and it would appear that very few are focused on it. Critically, this is the one commodity that is not a futures contract, cannot be manipulated by trading desks or by levered hedge funds. Despite all the euphoria about risk assets and commodities - and the central bank front-running - Iron Ore prices continue to sink lower and lower...

 

 

20120817_ore_0.png

post #491 of 1312
Thread Starter 

What to Do When Every Market Is Manipulated


Edited by stoneranger - 8/17/12 at 12:24pm
post #492 of 1312
Thread Starter 

‘The Most Dangerous Man in the World’?

 
 

By Patrick J. Buchanan

 

U.S. newspapers this fall will devote countless column inches and network TV will set aside endless hours to revisiting the most perilous month in the history of the republic, if not of the world.

Nikita Khrushchev’s decision to secretly install nuclear-armed intermediate-range ballistic missiles in Cuba began to form in his mind sometime earlier, perhaps in April of 1961.

Then it was that the new young U.S. President John F. Kennedy put a brigade of Cubans ashore to become the vanguard of a guerrilla army to overthrow Fidel Castro’s regime.

The Bay of Pigs became a metaphor for feckless folly and failure.

 

Khrushchev had ordered an army of tanks into Budapest to crush the Hungarian Revolution in 1956 and watched, astonished, as a U.S. president recoiled at using his power to expunge a Soviet base camp 90 miles from America’s shores.

In June, Kennedy met Khrushchev in Vienna and was orally mauled. In August, Khrushchev tested Kennedy again, building a wall to sever East Berlin and seal off the Soviet sector. Berliners seeking to escape were shot.

Kennedy ordered a one-year call-up of the reserves.

 

Moscow then broke a moratorium on atmospheric testing of nuclear weapons, exploding a 57-megaton monster bomb in the Arctic.

By mid-October 1962, Soviet missiles were in Cuba. Their 1,500-mile target radius put Washington, D.C., in range.

The Air Force chief of staff was Gen. Curtis LeMay, former head of Strategic Air Command, who boasted of his B-29 fleet in the Pacific war, “We torched and boiled and baked to death more people in Tokyo that night of March 9-10 than went up in vapor in Hiroshima and Nagasaki combined.”

LeMay wanted to bomb and invade Cuba, even after Khrushchev pulled his rockets out. When Mao Zedong denounced Khrushchev’s climb-down, calling America “a paper tiger,” Khrushchev is said to have reminded Mao, “This paper tiger has nuclear teeth.”

Mao reportedly indicated a willingness to lose 300 million Chinese in a nuclear war if that war would finish off the United States.

These were grave times and dangerous men. What prompts this recitation of what our world was like 50 years ago is the latest cover story in The Weekly Standard, “The Most Dangerous Man in the World.”

 

The cover photo is of Ayatollah Ali Khamenei, Iran’s “man with a mission,” who is said to be seeking an atom bomb and who “loathes the United States more than Stalin, Mao, Tojo and Hitler combined.” If this “supreme leader gets nuclear weapons, it will be a miracle if he does not stupidly lead his country into war.”

Thrust of the 5,000-word article: Be afraid. Be very afraid of this man.

But what exactly are we to fear? And what is the imperative for war now on Iran, for which this piece beats the drum?

Khamenei has declared that nuclear weapons are immoral and Iran will never acquire them. Is Islamic Iran’s supreme religious leader lying through his teeth? Where is the proof? Where is the hard evidence?

Sixteen U.S. intelligence agencies stated unanimously in 2007 and reaffirmed in 2011 their conviction that Iran does not have an active nuclear weapons program. In the Standard piece, John Sawyer, head of the British Intelligence Service MI-6, “flatly stated in July that we have two years left before the Iranians can build a weapon.”

 

And if we should fear this most dangerous man in the world, why do not the Iraqis, Turks, Azerbaijanis and Pakistanis, his neighbors, seem to fear him? The Paks, with scores of nukes, seem less nervous about Iran than democratic India, with whom they have fought several wars.

Before now it has been Iran’s President Mahmoud Ahmadinejad who was the incarnation of Hitler. But Ahmadinejad’s eight years in office are up next summer, and he is reportedly going back to teaching.

For all his bellicosity, how many wars did Ahmadinejad fight?

When was the last time Iran started any war?

On Al-Quds Day, Wednesday, an annual event since the 1979 revolution, Khamenei reportedly said he was confidant “the fake Zionist (regime) will disappear from the landscape of geography.”

 

Yes, and Nikita Khrushchev said, “We will bury you,” and, “Your grandchildren will live under communism.” And we buried him, and his grandchildren saw the end to communism.

The author of the “Most Dangerous Man,” Reuel Marc Gerecht, says that should Israel attack Iran, Iranians “will probably take their revenge through terrorism” or opt for “playing dead and railing against Israel in the court of world opinion.”

Would Adolf Hitler or Hideki Tojo, pre-emptively attacked, respond with acts of reprisal untraceable to them, or denunciations of their attacker in the “court of world opinion,” or by playing possum?

Our fathers crushed fascism in four years and outlasted for half a century the evil empires of Stalin and Mao that had murdered millions. And we should be fearful of an ayatollah?

What happened to the America we grew up in, the America of Truman, Ike, JFK and Reagan?


Edited by stoneranger - 8/17/12 at 1:14pm
post #493 of 1312
Thread Starter 

Is Washington Deaf As Well as Criminal?

Thursday, August 16, 2012 – by Paul Craig Roberts
PaulCraigRoberts150.jpg
 Paul Craig Roberts  is an American economist and a columnist for Creators Syndicate. He served as an Assistant Secretary of the Treasury in the Reagan Administration earning fame as a co-founder of Reaganomics. He is a former editor and columnist for the Wall Street Journal, Business Week, and Scripps Howard News Service who has testified before congressional committees on 30 occasions on issues of economic policy.
 
 
 

The morons who rule the american sheeple are not only dumb and blind, they are deaf as well. The ears of the american "superpower" only work when the Israeli prime minister, the crazed Netanyahu, speaks. Then Washington hears everything and rushes to comply.

Israel is a tiny, insignificant state, created by the careless British and the stupid americans. It has no power except what its american protector provides. Yet, despite Israel's insignificance, it rules Washington.

When a resolution introduced by the Israel Lobby is delivered to Congress, it passes unanimously. If Israel wants war, Israel gets its wish. When Israel commits war crimes against Palestinians and Lebanon and is damned by the hundred plus UN resolutions passed against Israel's criminal actions, the US bails Israel out of trouble with its veto.

 

The power that tiny Israel exercises over the "worlds's only superpower" is unique in history. Tens of millions of "christians" bow down to this power, reinforcing it, moved by the exhortations of their "christian" ministers.

Netanyahu lusts for war against Iran. He strikes out against all who oppose his war lust. Recently, he called Israel's top generals "pussies" for warning against a war with Iran. He regards former Israeli prime ministers and former heads of the Israeli intelligence service as traitors for opposing his determination to attack Iran. He has denounced america's servile president Obama and america's top military leader for being "soft on Iran." The latest poll in Israel shows that a solid majority of the Israelis are opposed to an Israeli attack on Iran. But Netanyahu is uninterested in the opinion of Israeli citizens. He has Washington watching his back, so he is war mad. It is a mystery why Israelis put Netanyahu in public office instead of in an insane asylum.

Netanyahu is not alone. He has the american neoconservatives in his corner. The american neoconservatives are as crazed as Netanyahu. They believe in nuclear war and are itching to nuke some Muslim country and then get on to nuking Russia and China. It is amazing that no more than two or three dozen people have the fate of the entire world in their hands.

 

The Democratic Party is helpless before them.

The Republican Party is their vehicle.

 

The Russians, watching Netanyahu push Washington toward dangerous confrontations keep raising their voices about the danger of nuclear war.

On May 17 Russian Prime Minister Dmitry Medvedev warned the West against launching "hasty wars," which could result "although I do not want to scare anyone" in "the use of a nuclear weapon."

On November 30 of last year the Chief of the General Staff of the Armed Forces of Russia warned of nuclear war with NATO. General Nikolai Makarov said that NATO's eastward expansion meant that the risk of Russia coming into conflict with NATO had "risen sharply." General Makarov said, "I do not rule out local and regional armed conflicts developing into a large-scale war, including using nuclear weapons."

 

Here is Russian president Medvedev (currently the prime minister) describing the steps toward nuclear war that Russia has taken pushed by the crazed warmongers in Washington wallowing in their insane hubris:

With regard to the american missile bases on Russia's borders, "I have made the following decisions. First, I am instructing the Defense Ministry to immediately put the missile attack early warning radar station in Kaliningrad on combat alert. Second, protective cover of Russia's strategic nuclear weapons will be reinforced as a priority measure under the program to develop our air and space defenses. Third, the new strategic ballistic missiles commissioned by the Strategic Missile Forces and the Navy

 

will be equipped with advanced missile defense penetration systems and new highly-effective warheads. Fourth, I have instructed the Armed Forces to draw up measures for disabling missile defense system data and guidance systems. These measures will be adequate, effective, and low-cost. Fifth, if the above measures prove insufficient, the Russian Federation will deploy modern offensive weapon systems in the west and south of the country, ensuring our ability to take out any part of the US missile defense system in Europe. One step in this process will be to deploy Iskander missiles in Kaliningrad Region. Other measures to counter the European missile defense system will be drawn up and implemented as necessary. Furthermore, if the situation continues to develop not to Russia's favor, we reserve the right to discontinue further disarmament and arms control measures."

Russian president Vladimir Putin has said, as politely as possible, that the US seeks to enslave the world, that the US seeks vassals, not allies, that the US seeks to rule the world and that the US is a parasite on the world economy. It would be difficult for an informed person to take exception with Putin's statements.

 

Putin told the politicians in Washington and Western and Eastern European capitals that surrounding Russia with anti-ballistic missiles "raises the specter of nuclear war in Europe." Putin said that the Russian response is to point nuclear armed cruise missiles, which cannot be intercepted by anti-ballistic missiles, at the US missile bases and at European capitals. The American move, Putin said, "could trigger nuclear war."

Putin has been trying to wake up the american puppet states in Europe at least since February 13, 2007. At the 43rd Munich Conference on Security Policy, Putin said that the unipolar world that Washington was striving to achieve under its banner, "is a world in which there is one master, one sovereign. And at the end of the day this is pernicious not only for all those within this system, but also for the sovereign itself because it destroys itself from within."

That has certainly happened to the US which now has a police state as thorough-going as Nazi Germany. And even better armed.

Putin went on to tell his European audience that in Russia, "we are constantly being taught about democracy. But for some reason those who teach us do not want to learn themselves." Instead, Putin said, "we are seeing a greater and greater disdain for the basic principles of international law. And independent legal norms are, as a matter of fact, coming increasingly closer to one state's legal system. One state and, of course, first and foremost the United States, has overstepped its national borders in every way. This is visible in the economic, political, cultural and educational policies it imposes on other nations. Well, who likes this? Who is happy about this?"

 

People are not happy, Putin said, because they don't feel safe. Not to feel safe "is extremely dangerous. It results in the fact that no one feels safe. I want to emphasize this–no one feels safe!" The result, Putin said, is "an arms race."

Putin politely unbraided the Italian defense minister, a person owned by Washington, for suggesting that NATO or the EU could take the place of the UN in justifying the use of force against sovereign countries. Putin took exception to the idea that Washington could use its puppet organization or its puppet states to legitimize an act of US aggression. Putin stated flatly: "The use of force can only be considered legitimate if the decision is sanctioned by the UN."

Putin went on to discuss the forked tongue of Washington. Reagan and Gorbachev had firm agreements, but Reagan's successors put "frontline forces on our borders. . . . The stones and concrete blocks of the Berlin Wall have long been distributed as souvenirs. But we should not forget that the fall of the Berlin Wall was possible thanks to a historic choice – one that was also made by our people, the people of Russia – a choice in favor of democracy, freedom, openness and a sincere partnership with all the members of the big European family. And now they are trying to impose new dividing lines and walls on us – these walls may be virtual but they are nevertheless dividing ones that cut through our continent. And is it possible that we will once again require many years and decades, as well as several generations of politicians, to dissemble and dismantle these new walls."

 

Putin's speech of more than 6 years ago shows that he has Washington's number. Washington is The Great Pretender, pretending to respect human rights while Washington slaughters Muslims in seven countries on the basis of lies and fabricated intelligence. The american people, "the indispensable people," support this murderous policy. Washington uses the status of the dollar as reserve currency to exclude countries that do not do Washington's bidding from the international clearing system.

Washington, awash in hubris like Napoleon and Hitler before they marched off into Russia, has turned a deaf, dumb, and blind ear to Putin during the entirety of the 21st century. Speaking on May 10, 2006, Putin said: "We are aware of what is going on in the world. Comrade wolf [the US] knows whom to eat, he eats without listening, and he's clearly not going to listen to anyone."

"Where," Putin asked, is Washington's "pathos about protecting human rights and democracy when it comes to the need to pursue its own interests?" For Washington, "everything is allowed, there are no restrictions whatsoever."

 

China also has caught on. Now the hubris that drives Washington toward world hegemony confronts two massive nuclear powers. Will the criminal gang in Washington drive the world to nuclear extinction?

Washington, thinking that it owns the world, has imposed more unilateral sanctions on Iran without any basis in any recognized law. The imposed sanctions are nothing but Washington's assertion that its might is right.

The Russian Foreign Ministry said that Washington could stick its sanctions up its ass. "We consider efforts to impose internal American legislation on the entire world completely unacceptable."

Washington will do what it can to assassinate Putin and effect regime change through the Russian "opposition" that Washington funds. Failing that, Washington's pursuit of world hegemony has run up against a brick wall. If the fools in Washington with their hubris-inflated egos don't back off, that mushroom cloud they have been warning about will indeed blossom over Washington.

post #494 of 1312
Quote:
Originally Posted by stoneranger View Post

40 Points That Prove That Barack Obama And Mitt Romney Are Essentially The Same Candidate

 

What a depressing choice the American people are being presented with this year. We are at a point in our history where we desperately need a change of direction in the White House, and we are guaranteed that we are not going to get it. The Democrats are running the worst president in American history, and the Republicans are running a guy who is almost a carbon copy of him. The fact that about half the country is still supporting Barack Obama shows how incredibly stupid and corrupt the American people have become. No American should have ever cast a single vote for Barack Obama for any political office under any circumstances. He should never have even been the assistant superintendent in charge of janitorial supplies, much less the president of the United States. The truth is that Barack Obama has done such a horrible job that he should immediately resign along with his entire cabinet. But instead of giving us a clear choice, the Republicans nominated the Republican that was running that was most similar to Barack Obama. In fact, I don't think we have ever had two candidates for president that are so similar. Yes, there are a few minor differences between them, but the truth is that we are heading into Obama's second term no matter which one of them gets elected. The mainstream media makes it sound like Obama and Romney are bitter ideological rivals but that is a giant lie. Yeah, they are slinging lots of mud at each other, but they both play for the same team and the losers are going to be the American people.

 

Republicans are being told that they have "no choice" but to vote for Romney because otherwise they will get another four years of Obama.

This "lesser of two evils" theme comes out every four years. We are told that we "must" vote for a horrible candidate because the other guy is even worse.

Well, millions of Americans are getting sick of this routine. Perhaps that is why it is being projected that as many as 90 million Americans of voting age will not vote this year.

Yes, Barack Obama has been so horrible as president that it is hard to put it into words.

But Mitt Romney would be just like Barack Obama.

Those that are dreaming of a major change in direction if Romney is elected are going to be bitterly, bitterly disappointed.

 

The following are 40 ways that Barack Obama and Mitt Romney are essentially the same candidate....

1. Barack Obama and Mitt Romney both supported TARP.

2. Mitt Romney supported Barack Obama's "economic stimulus" packages.

3. Mitt Romney says that Barack Obama's bailout of the auto industry was actually his idea.

4. Neither candidate supports immediately balancing the federal budget.

5. They both believe in big government and they both have a track record of being big spenders while in office.

 

6. Barack Obama and Mitt Romney both fully support the Federal Reserve.

7. Barack Obama and Mitt Romney are both on record as saying that the president should not question the "independence" of the Federal Reserve.

8. Barack Obama and Mitt Romney have both said that Federal Reserve Chairman Ben Bernanke did a good job during the last financial crisis.

9. Barack Obama and Mitt Romney both felt that Federal Reserve Chairman Ben Bernanke deserved to be renominated to a second term.

10. Both candidates oppose a full audit of the Federal Reserve.

 

11. Both candidates are on record as saying that U.S. Treasury Secretary Timothy Geithner has done a good job.

12. Barack Obama and Mitt Romney have both been big promoters of universal health care.

13. Mitt Romney was the one who developed the plan that Obamacare was later based upon.

14. Wall Street absolutely showers both candidates with campaign contributions.

15. Neither candidate wants to eliminate the income tax or the IRS.

 

16. Both candidates want to keep personal income tax rates at the exact same levels for the vast majority of Americans.

17. Both candidates are "open" to the idea of imposing a Value Added Tax on the American people.

18. Barack Obama and Mitt Romney both believe that the TSA is doing a great job.

19. Barack Obama and Mitt Romney both supported the NDAA.

20. Barack Obama and Mitt Romney both supported the renewal of the Patriot Act.

 

21. Barack Obama and Mitt Romney both believe that the federal government should be able to indefinitely detain American citizens that are considered to be terrorists.

22. Both candidates believe that American citizens suspected of being terrorists can be killed by the president without a trial.

23. Barack Obama has not closed Guantanamo Bay like he promised to do, and Mitt Romney actually wants to double the number of prisoners held there.

24. Both candidates support the practice of "extraordinary rendition".

25. They both support the job-killing "free trade" agenda of the global elite.

 

26. They both accuse each other of shipping jobs out of the country and both of them are right.

27. Both candidates are extremely soft on illegal immigration.

28. Neither candidate has any military experience. This is the first time that this has happened in a U.S. election since 1944.

29. Both candidates earned a degree from Harvard University.

30. They both believe in the theory of man-made global warming.

 

31. Mitt Romney has said that he will support a "cap and trade" carbon tax scheme (like the one Barack Obama wants) as long as the entire globe goes along with it.

32. Both candidates have a very long record of supporting strict gun control measures.

33. Both candidates have been pro-abortion most of their careers. Mitt Romney's "conversion" to the pro-life cause has been questioned by many. In fact, Mitt Romney has made millions on Bain Capital's investment in a company called "Stericycle" that incinerates aborted babies collected from family planning clinics.

34. Barack Obama and Mitt Romney both believe that the Boy Scout ban on openly gay troop leaders is wrong.

35. They both believe that a "two state solution" will bring lasting peace between the Palestinians and Israel.

 

36. Both candidates have a history of nominating extremely liberal judges.

37. Like Barack Obama, Mitt Romney also plans to add "signing statements" to bills when he signs them into law.

38. They both have a horrible record when it comes to job creation.

39. Both candidates believe that the president has the power to take the country to war without getting the approval of the U.S. Congress.

40. Both candidates plan to continue running up more government debt even though the U.S. government is already 16 trillion dollars in debt

34. Me too. hmm.gif

post #495 of 1312
Quote:
Originally Posted by Z-OldEurope View Post

Quote:
Originally Posted by stoneranger View Post

40 Points That Prove That Barack Obama And Mitt Romney Are Essentially The Same Candidate

 

What a depressing choice the American people are being presented with this year. We are at a point in our history where we desperately need a change of direction in the White House, and we are guaranteed that we are not going to get it. The Democrats are running the worst president in American history, and the Republicans are running a guy who is almost a carbon copy of him. The fact that about half the country is still supporting Barack Obama shows how incredibly stupid and corrupt the American people have become. No American should have ever cast a single vote for Barack Obama for any political office under any circumstances. He should never have even been the assistant superintendent in charge of janitorial supplies, much less the president of the United States. The truth is that Barack Obama has done such a horrible job that he should immediately resign along with his entire cabinet. But instead of giving us a clear choice, the Republicans nominated the Republican that was running that was most similar to Barack Obama. In fact, I don't think we have ever had two candidates for president that are so similar. Yes, there are a few minor differences between them, but the truth is that we are heading into Obama's second term no matter which one of them gets elected. The mainstream media makes it sound like Obama and Romney are bitter ideological rivals but that is a giant lie. Yeah, they are slinging lots of mud at each other, but they both play for the same team and the losers are going to be the American people.

 

Republicans are being told that they have "no choice" but to vote for Romney because otherwise they will get another four years of Obama.

This "lesser of two evils" theme comes out every four years. We are told that we "must" vote for a horrible candidate because the other guy is even worse.

Well, millions of Americans are getting sick of this routine. Perhaps that is why it is being projected that as many as 90 million Americans of voting age will not vote this year.

Yes, Barack Obama has been so horrible as president that it is hard to put it into words.

But Mitt Romney would be just like Barack Obama.

Those that are dreaming of a major change in direction if Romney is elected are going to be bitterly, bitterly disappointed.

 

The following are 40 ways that Barack Obama and Mitt Romney are essentially the same candidate....

1. Barack Obama and Mitt Romney both supported TARP.

2. Mitt Romney supported Barack Obama's "economic stimulus" packages.

3. Mitt Romney says that Barack Obama's bailout of the auto industry was actually his idea.

4. Neither candidate supports immediately balancing the federal budget.

5. They both believe in big government and they both have a track record of being big spenders while in office.

 

6. Barack Obama and Mitt Romney both fully support the Federal Reserve.

7. Barack Obama and Mitt Romney are both on record as saying that the president should not question the "independence" of the Federal Reserve.

8. Barack Obama and Mitt Romney have both said that Federal Reserve Chairman Ben Bernanke did a good job during the last financial crisis.

9. Barack Obama and Mitt Romney both felt that Federal Reserve Chairman Ben Bernanke deserved to be renominated to a second term.

10. Both candidates oppose a full audit of the Federal Reserve.

 

11. Both candidates are on record as saying that U.S. Treasury Secretary Timothy Geithner has done a good job.

12. Barack Obama and Mitt Romney have both been big promoters of universal health care.

13. Mitt Romney was the one who developed the plan that Obamacare was later based upon.

14. Wall Street absolutely showers both candidates with campaign contributions.

15. Neither candidate wants to eliminate the income tax or the IRS.

 

16. Both candidates want to keep personal income tax rates at the exact same levels for the vast majority of Americans.

17. Both candidates are "open" to the idea of imposing a Value Added Tax on the American people.

18. Barack Obama and Mitt Romney both believe that the TSA is doing a great job.

19. Barack Obama and Mitt Romney both supported the NDAA.

20. Barack Obama and Mitt Romney both supported the renewal of the Patriot Act.

 

21. Barack Obama and Mitt Romney both believe that the federal government should be able to indefinitely detain American citizens that are considered to be terrorists.

22. Both candidates believe that American citizens suspected of being terrorists can be killed by the president without a trial.

23. Barack Obama has not closed Guantanamo Bay like he promised to do, and Mitt Romney actually wants to double the number of prisoners held there.

24. Both candidates support the practice of "extraordinary rendition".

25. They both support the job-killing "free trade" agenda of the global elite.

 

26. They both accuse each other of shipping jobs out of the country and both of them are right.

27. Both candidates are extremely soft on illegal immigration.

28. Neither candidate has any military experience. This is the first time that this has happened in a U.S. election since 1944.

29. Both candidates earned a degree from Harvard University.

30. They both believe in the theory of man-made global warming.

 

31. Mitt Romney has said that he will support a "cap and trade" carbon tax scheme (like the one Barack Obama wants) as long as the entire globe goes along with it.

32. Both candidates have a very long record of supporting strict gun control measures.

33. Both candidates have been pro-abortion most of their careers. Mitt Romney's "conversion" to the pro-life cause has been questioned by many. In fact, Mitt Romney has made millions on Bain Capital's investment in a company called "Stericycle" that incinerates aborted babies collected from family planning clinics.

34. Barack Obama and Mitt Romney both believe that the Boy Scout ban on openly gay troop leaders is wrong.

35. They both believe that a "two state solution" will bring lasting peace between the Palestinians and Israel.

 

36. Both candidates have a history of nominating extremely liberal judges.

37. Like Barack Obama, Mitt Romney also plans to add "signing statements" to bills when he signs them into law.

38. They both have a horrible record when it comes to job creation.

39. Both candidates believe that the president has the power to take the country to war without getting the approval of the U.S. Congress.

40. Both candidates plan to continue running up more government debt even though the U.S. government is already 16 trillion dollars in debt

34. Me too. hmm.gif

 

 

laughing.gif

 

Of course a straight conservative or somebody with a oposite opinion than mine could think,

 

'and thats the reason why this thread got This name..'

 

To be honest, i would rather send my boys (if i have one) with a open gay loving nature friendly guy,

than with a straight guy, who wears short pants, goes with boys in the woods and loves nature..

 

100%

 

hmm.gif

post #496 of 1312
Thread Starter 

Grant Williams

 

Things That Make You Go Hmmm.....

 

Aug. 19, 2012

(UK Daily Telegraph): "We used to think you could spend your way out of recession and increase employment by boosting government spending," boomed the Prime Minister, Jim Callaghan, at the 1976 Labour Party conference.

"I tell you, in all candour," he went on, "that that option no longer exists. And in so far as it ever did exist, it only worked on each occasion… by injecting a bigger dose of inflation into the economy, followed by a higher level of unemployment as the next step…"

The above words are among the most important uttered in the history of modern British politics. For a left-wing prime minister to have admitted that too much state spending is dangerous, while being barracked by a rabble of bearded Trotskyists from among his own party ranks, marked a turning-point in Western economic policymaking.

For it was in 1976 that the UK government had been rescued by the International Monetary Fund. After years of industrial subsidies, soft-budget constraints and Keynesian hubris, Britain was insolvent – unable to service its debts. After months of denial, the markets forced Callaghan’s government, "cap in hand", to seek an IMF bail-out.

On that day, all notions that the UK remained a world-class economy, an industrial powerhouse, were exposed as nonsense. It was this country’s "economic Suez".

 

What brought Britain to that disgraceful nadir was a lot of self-serving ideas about the wisdom of near-limitless government largesse. The "Keynesian consensus" had been that the state could borrow and spend practically ad infinitum, that "pump-priming" the economy was "the right thing to do".

By stating the obvious, "Sunny Jim" smashed  up that consensus. His criticism of "big government" amounted to political blasphemy. Callaghan’s words, however, were the high-water mark of Keynesian economics – which afterwards rapidly retreated. We had tried high state spending and it didn’t work. All it did was produce ghastly inefficiencies, inflation and, worst of all, expose supposedly sovereign governments to the wrath of their private-sector creditors. (FULL ARTICLE) (FULL SPEECH)

Read those words carefully folks because what Callaghan said is as true today as it was in 1976.

We cannot just print money to solve the problem of too much debt. The fact that it is even considered an option beggars belief, frankly, but with interest rates essentially at zero, in one way or another, it feels as though 'free money' is seen by not only investors, but by those in control of the purse strings, as the only option.

We could continue the tortured analogy of the diminishing effect of heroin injections but you've heard it all before and so have I so let's just leave it there for this week. Suffice to say that when the next big injection comes (and I suspect it will have to be a BIG injection because that's what markets need), I think it could lead to an overdose.

Damn! I did the whole 'heroin analogy thing' after all.

 

 

post #497 of 1312
Thread Starter 
Quote:
Originally Posted by Z-OldEurope View Post

 

 

laughing.gif

 

Of course a straight conservative or somebody with a oposite opinion than mine could think,

 

'and thats the reason why this thread got This name..'

 

To be honest, i would rather send my boys (if i have one) with a open gay loving nature friendly guy,

than with a straight guy, who wears short pants, goes with boys in the woods and loves nature..

 

100%

 

hmm.gif

Did you ever think that maybe the reason that the scouts started that policy in the first place was because they had many instances of young boys being assualted by 'gay loving nature friendly guys'. Think Jerry Sandusky in a boy scout leaders uniform.

post #498 of 1312
Thread Starter 

America's Demographic Cliff: The Real Issue In The Coming, And All Future Presidential Elections

 
Tyler Durden's picture


 



old%20man%20cane_0.pngIn four months the debate over America's Fiscal cliff will come to a crescendo, and if Goldman is correct (and in this case it likely is), it will probably be resolved in some sort of compromise, but not before the market swoons in a replica of the August 2011 pre- and post-debt ceiling fiasco: after all politicians only act when they (and their more influential, read richer, voters and lobbyists) see one or two 0's in their 401(k)s get chopped off. But while the Fiscal cliff is unlikely to be a key point of contention far past December, another cliff is only starting to be appreciated, let alone priced in: America's Demographic cliff, which in a decade or two will put Japan's ongoing demographic crunch to shame, and with barely 2 US workers for every retired person in 2035, we can see why both presidential candidates are doing their darnedest to skirt around the key issue that is at stake not only now, be every day hence.

 

Sadly, the market which due to central-planner meddling, has long lost its discounting capabilities, and is now merely a reactive mechanism, will ignore this biggest threat to the US financial system until it is far too late. After all it is the unsustainability of America's $100+ trillion in underfunded welfare liabilities that is the biggest danger to preserving the American way of life, and will be the sticking point in the presidential election in 80 days. However, don't expect either candidate to have a resolution to the demographic catastrophe into which America is headed for one simple reason. There is none.

The problem in a nutshell: the first wave of Baby Boomers, born between the years of 1946 and 1964, officially reached retirement age in 2011. There are a whole lot of Baby Boomers - just under 76 million, to be exact - that will depend on new money flowing into the system to help keep the entitlements coming. According to the latest Social Security and Medicare Board of Trustees 2012 Annual Reports Social Security now pays out more than it takes in, and is expected to do so for the next 75 years.

And while the market, and its "discounting" may now be largely irrelevant, those who care to be educated about the facts behind America's Demographic Cliff, here is ConvergEx and "Talkin' 'bout your generation"

 

According to the Census Bureau’s Current Population Survey, about 40.2 million people – 13% of the entire US population – are 65 years or older and eligible to receive government entitlements such as Medicare and Social Security. At current levels, spending on these entitlements make up about 8.7% of GDP – about $1.3 trillion. While this may sound sustainable over the short term, in coming years the amount of entitlement outlays necessary to keep up with retiring Baby Boomers is going to send spending through the roof. By 2030, for example, a full 19.3% of the population will be claiming SSI and Medicare benefits, based on the Census Bureau’s population projections (the CB uses an adjustment factor for the age cohorts based on mortality rates, foreign-born immigration, and life expectancy). For simplicity’s sake, here’s a decade-by-decade look at where the aging population – and expenditures – will be in the years to come, courtesy of the Census Bureau and the Congressional Budget Office (CBO):

  • In 1900, 4.1% of the US population was 65+. By 1950, this number had almost doubled to 8.1%. As the chart following the text shows, the Baby Boomers (now ages 48-66) represent the most significant population wave in US history. According to the CBO, the population aged 65 and over will increase by 87% over the next 25 years as Baby Boomers enter retirement, compared to an increase of only 12% in those aged 20-64.
  • This year, 13% of the US population is 65+ and entitlement spending accounts for 8.7% of GDP. And that number only includes SSI and Medicare, not Medicaid and future Obamacare subsidies which add to these outlays.
  • In 10 years (2022): 16.1% of the population will be 65+, entitlement spending estimated at 9.6% ($1.5 trillion, based on 2011 US GDP)
  • 2037 (25 years on): 20 % of the US population will be 65+, entitlement spending estimated at 12.2% of GDP ($2.0 trillion)
  • Not surprisingly, there will be far more women than men in the 65+ population. Women currently live about five years longer than their male peers, on average. Accordingly, the Census Bureau estimates that in 2030, there will be about 8 million more women than men that are 65 and older by 2030: 27.8 million versus 35.7 million.
  •  

It’s a pretty tough picture, to say the least; as the population ages, we’re looking at more and more money dedicated to retirement benefits with a smaller workforce to fund the spending. We’re not the only ones, either: Japan is in worse shape than the US, with 23.1% of the population already over 65. In 2050, government statistics forecast that number to be 39.6%. Europe’s in the same boat: 17.4% of the population in EU countries was 65+ in 2010, and it’s expected to be about 30% by 2060. The developed world, essentially, is facing a demographic “Fiscal cliff” with no clear-cut strategies for how to fund the liabilities inherent in an entirely predictably aging population.

 

Are there any social positives that might mitigate this plethora of indisputable financial concerns? The math is the math, as quants are fond of saying, so I don’t expect that there are overwhelming offsets to the problem of an aging population. But there are some notable “Positives” which don’t get the attention they deserve because they offer such a lightweight counterbalance to the challenges I outlined above. Still, here are a few thoughts:

  1. Stronger voter turnout/greater engagement in the political process. The 65+ age group has beaten out every other age cohort in voter turnout in every Presidential and Congressional election since 1980. In the latest presidential election, 68.1% of those aged 65+ went to the polls, versus and average of 51.2% for the rest of the voting-age population. The reason for this differential is straightforward: it easier for retired persons to vote given fewer time restrictions, allowing the higher turnout rate. But given an average turnout of 58.2% overall in 2008 for Obama’s election, compared to an average of 70-80% in other developed countries (Japan, Germany, Canada, Spain), the growing 65+ population will certainly help the U.S. come closer to its developed country peers on this metric.

    The stronger turnout of these voters, and their sheer numbers, are also likely to have an important impact on US political races in the years to come. They’re going to be the biggest voting bloc in American history, if patterns hold: 68% of them is almost 52 million, larger than the entire Black/African American voter population, for example. And like other older generations, according to a study by the Pew Research Center done in late 2011, Boomers have become slightly more conservative as they’ve aged, and slightly more of them (45% vs. 51%) intend to vote for Governor Romney in the upcoming election. However, given that one of their main concerns is the maintenance of entitlement spending, it seems unlikely that Boomers will continue to support a party that recommends reducing the deficit by cutting entitlements. All candidates, then, and especially the GOP, will need to take a hard look at the wants and needs of the Boomers. The 2012 Presidential election – and many others afterwards - will quite literally depend on their votes.

  2. Lower crime rates. The younger population is by far the more crime-prone age cohort, according to the Department of Justice and the FBI Uniform Crime report. The DOJ publishes an annual report on arrests by age, the first occurring in 1980 and the latest in 2009. Over these years, the number of total arrests has increased by 30.9% for the entire population; for the 65+ population, it’s gone up 0.3%. Moreover, the Baby Boomer generation (in 2009, ages 45-53) accounted for only about 7% of all crimes. What were their most “Popular” crimes? Drunkeness and DUI. Violent crimes are almost exclusively the MO of the 18-29 cohort, who account for almost half (44%) of all arrests. It’s not too far of a stretch, then, to think that as our population ages, we can expect less and less violent crime across the country – though you may want to be careful on the roads.
  3. Lower resource consumption. The older population tends to cut down on resource consumption after retirement, particularly in the case of gasoline. Once they no longer need to commute to work and move into smaller, more affordable houses, the amount of fuel needed for transportation and heating/cooling should drop, perhaps significantly.

    Take motor gasoline usage as a benchmark. Just under 60 million Baby Boomers consider themselves a part of the labor force, according to BLS data. 85% of all Americans drive to work, according to a late 2010 Gallup poll, with an average commute of 30 miles round-trip – about 45 minutes – and an average of 20mpg (courtesy of the Bureau of Transportation Statistics). Using these estimates, we can calculate that the average Baby Boomer commuter uses about 33 gallons of gas each month; assuming that 85% of them drive every day, that’s about 1.7 billion gallons of gas being used per month. As they retire, there are actually fewer new entrants into the workforce to replace them, meaning fewer drivers and less fuel consumption.

  4. Growing domestic service economy. An older population becomes more and more dependent on services as they age, particularly in the realms of healthcare and transportation. More and more people will be needed to fill the void in these service areas as the Boomers retire. Luckily for the US workforce, these are jobs that can’t be outsourced: healthcare especially depends on on-site care and personal service.

    In fact, as the population has begun to age, the US has already seen some steady growth in service-related positions. The BLS’s Occupational Employment data logs the number of occupations across the US in major industry sectors as well as almost 800 detailed occupations. According to the survey, the US has seen a -3.3% drop in job growth overall. Healthcare and “Personal Care”, however, have grown 13% and 11% each since that year. Occupations such as physician’s assistants, pharmacy technicians, and home health aides are in high demand, and will most likely continue to be so as the population ages and begins to rely more heavily on these services.

  5. Declining unemployment and increased labor force participation for this segment of the workforce. One of the most unique aspects of today’s aging population is their continued presence in the workforce. According to the BLS, 23.4% of Americans age 65+ were in the labor force as of June 2012, making up a full 4.5% of the total civilian labor force. They also had a below-average unemployment rate of 6.9%. If this trend continues, we’re likely to see more productivity from the upper end of the age spectrum in years to come as Boomers delay retirement in favor of working.

    On the flip side, as more of the aging population retires and leaves the workforce, more job opportunities will open up for those who are currently unemployed. The youngest members of the workforce, ages 18-24, will be the biggest beneficiaries of this shift, as they typically seek the same kind of jobs that the older population currently occupies. When these positions are vacated by the older group, then, and refilled by the younger groups, we may see a decline in youth unemployment rates.

    The older workforce also opens an interesting opportunity for some employers. The younger half of the Baby Boomer generation is tech-savvy, experienced, and definitely needs the money. This set of skills won’t go unnoticed in the labor market.

  6.  

Unfortunately, these societal “benefits” are only a thin silver lining on a very, very dark cloud. Social Security and Medicare spending are projected to grow exponentially as healthcare costs explode and the biggest population wave in the history of the US starts to enter retirement. The Congressional Budget Office expects spending to increase by 150% over the next 25 years, which is hardly sustainable with barely 2 workers for every retired person in 2035... there’s a storm a comin’

 

US%20Population_0.jpg

post #499 of 1312

Myopic to looking at the full picture...

 

We have all "fine tooth combed" the "past to see the future" and I see a "perfect storm" brewing similar to 1982...


...do you see it too??

 

What happened back then...take your vision out of focus from all the idiosyncrasies of today..and look at the time period of the early eighties as a world view...

...what do you see?

 

~Sis~

Remember, past performance does not guarantee future results!

post #500 of 1312
Quote:
Originally Posted by sameiemas View Post

12:20 CST...

 

~time for my nap....

 

If you don't want to know the secret, hehehe...have your spouse get a screen name and ask me "How, Sis"

***********************

Previous post : )

 

We need to raise the conscience level of everyone we know....

 

...How do we do that??

 

** 5 posters have to ask me, "How, Sis", lol before I will let you know, hehehe..

 

******* It's a Secret : )) .......

 

~~Sis.... beep! beep!!

Actually, Stone, you inspired me to take up a former "youthful" activity I used to live by when we lived in N Dallas.  It is no secret at all, but I told my husband I needed more strength than just taking naps and going to bed early.  He said, "You need to watch that video on Netflix called

 

Fat, sick and nearly dead.......

~~Juicing~~

 

The James Redfield's "Celestine Prophecy" series talks about nourishing our bodies with "live" foods as a good source of body "cell building" and "living" in the now and then. 

We started "Juicing" again and it has really helped all of us.  I thought maybe some of the readers here would benefit from both spiritual enlightenment and health : ))

 

......just wanted to ~~share~~

 

 

~Sis~

 

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