Correction equities

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Better to be a year early, than a day late.

Then again, throughout my lifetime I have ‘sensed’ that something is not right in the markets. I usually end up selling all stocks over a short period, even taking losses.
Then record trade data and dates.

Informed my clients on my concerns, in the main they ignored me…. When the calamity hit I would pick up their losses from the annual lodgements.

Why did they stay in the markets?

Simple answer, greed. One of the seven deadly sins…

Money, the root of all evil.

It is a necessary evil in our economic life, destruction of our morals and ethics and in this case, initiated by Governments through their taxes on our ability to save monies.

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The Last Post

The Last Post

Attended the dawn service, the events that led to us remembering this event, on an annual basis was the death, personal hurt and torment of so many men and women that sacrificed their lives in prior wars.

That simple gesture of us all getting all together.

Australia does not have a real identity, with this one exception.

During the service a memory came flooding back of a prior dawn service I attended and this old gentlemen, who stood so proud in his uniform and medals, was shaking in emotion and with tears streaming down his face stuttered into the microphone, ‘I won’t forget you cobber, don’t forget me’.

‘ANZAC’ stands for Australian and New Zealand Army Corps. On the 25th of April 1915, Australian and New Zealand soldiers formed part of the allied expedition that set out to capture the Gallipoli peninsula. These became known as Anzacs and the pride they took in that name continues to this day. On this day we remember all soldiers that died in all wars.

Let’s we forget.

It seems that we personally make this gesture to invest in ANZAC day, it is lamentable though that politicians are too willing to ‘not’ understand the difference between fascism, totalitarian, nationalism, religions and ethnicity.

It seems that lately, it does not matter whether it is a civil war, religious war or an ethnic war the politicians are only too happy to despatch soldiers to distant countries to support a war that has nothing to do with us.

I am standing at the edge of an abyss, …

I am standing at the edge of an abyss,
asking that same question.
Looking at the abyss
And I’m hoping for some miracle
To breakout to escape from all this
Whispers in the air tell the tale
Of a life that’s gone
Desolation, devastation
What a mess we made,
when it all went wrong (1)

Now we remember ANZAC day, through this simple ceremony, annually attended by a fair few people, young and old.

It is a pity that we do not have one special day set aside, say each five years, to remember the effects of economic devastation, thrust upon us by the very same politicians that are only to eager to participate in any war, on this planet.

History is doomed to repeat itself, as the passion of man never changes.

I am alluding to financial economic catastrophes that destroy people, their assets, soul and lives all brought about by corrupt corporations that dictate policy to politicians. Cronyism and self delusion, self importance and ignorance, willful or otherwise entrenched amongst all our politicians.

It appears that we have forgotten what was described, in the last months of 2008 whereby we witnessed what is being called the ‘worst financial crisis’ since the Great Depression of 1929-30. Then again it appears that we appear to have forgotten the Great Depression. (3)

The deep and persistent losses of the 2008 financial crisis forced Countries to make broad cuts in spending and public workforces. For businesses, the recession led to a large number of liquidations, a changes in expansion plans, an unchanged plan of direction. For individuals, it has meant a future postponed, through unemployment, loss of assets, deaths through suicide and continued reliance by many on social security. Loss of self confidence and self esteem.

Seven years after the financial crash, the countries are still struggling to recover. In fact debt is crushing the majority of Countries and civil unrest is apparent through the introduction of austerity measures, forced on taxpayers to repay bloated Government debt. This through the sheer stupidity of those inept politicians with bloated Governments and continual overspending. No Country has effectively reduced their debts, rather increased debt load since 2008, to a situation now that is beyond their individual capacity to repay should the Federal Reserve increase interest rates. Deflation has proceeded stagflation.

The cobweb of cross border financial transactions throughout the world are suspect, at breaking point and are on the verge of collapse.

‘And the cobweb, shall it be eternal?
If the maid does not destroy it, the spider itself will tear it up.’

Goethe, Zahme Xenien VIII

I quoted Goethe, as the cobweb is the financial transactions, the maid was the ‘economic creative destruction’ and the spider is the Governments and Financial Institutions.

First and foremost, the blame for the current state of economic affairs, lays at the feet of the Governments and the inept politicians.

‘Economic Financial Destruction’ was predicted throughout history, in that the economy will implode and destroy itself. Social and evolutionary economists all have predicted these cycles throughout history, it is just that we have inept politicians and economists that ignore the obvious.

There are far more astute people than me in the past, in the present and will be in the future. I have to back my assertions; not in a veiled way, but factual; so that those people who are reading this whether economists, politicians or the lay person, can get my point.

I admire the early evolutionary economists for their astounding patience and foresight, thereafter Irving Fischer, Hayek, Keynes and Minsky.

Then we have the author, George Orwell who saw the effects of the fascist and totalitarian governments evolving around Europe and Burma, during his lifetime. Their greed for more power and control and his novel ‘1984’ was a warning against totalitarianism, a modern autocratic government, in which the State involves itself in all facets of society, holding total authority over the citizens and seeks to control all aspects of public and private life wherever possible.

In my opinion the number of conditions that Orwell states in this book, such as psychological control, are still very relevant today with political propaganda and fabricated news dominating everyday media. Western Governments are corrupted from within and have adopted destructive policies. So destructive are these policies that they will lead to a total collapse of the financial system.

Politicians misinform the public by twisting the truth to support their own personal agendas. As in the book 1984, the Party lied about how the war against Eastasia and Eurasia was going, our media lies or hindering publications of similar subject matters is very relevant today.

The purpose of incorporating Orwell into this blog is simple, we have reached that point of insanity, that we no longer have the ability to be truly free, we are monitored by all Governments under the NSA / USA five eyes project, all our metadata is collated and it is with disgrace that those international Governments, which were not a founding member of this project, are scrambling to introduce similar legislation for their secret service organizations.

To add salt into the wounds the Government controls the Internet and has the ability to turn any nation into a nanny state, prohibiting what we can and can’t see. This control is absolute, even now there is legislation in certain Countries, that allow for people to the detained and charged for writing the truth; incarcerated; simply because it is against the State. Turkey is a prime example of Presidential decree to shutdown social media when it does not suit them, the US President has similar powers, as certain congressmen disapprove of the State detractors and legislation is currently being introduced which will give total control to the State.

The so called ‘free press’ of Western Societies is controlled by the Oligarchs, who in turn ascend to the wishes of the Governments and act as a propaganda machine, silence on important events, distortion of facts and generally supporting nationalist sentiment. This is relevant to a fascists collective society, the mere fact that RT (Russian Television) and Sputnick News in Russia, whilst two wholly controlled state media organizations, have a far greater news coverage of the facts in all other countries, than what the Western Media do, this is symbolic of a Government controlled enterprise.

When one looks at the economic policies of the Governments in supporting corrupt bankers and ‘too big to fail’ companies since the finance collapse in 2008, then we have government dictating (also through the Central Banks) not only who the elite are, but condoning their bad and corrupt practices. This does not filter down to the smaller corporations, it is only those Companies that are required by government to exist (and the affiliated rating agencies, insurers and re-insurers).

This is all due to these Banks having the ability to sell to their clients, the Central Banks Gilt Bonds, to raise the necessary money for the Government to pay their bills. These Corporations influence the Government in a number of ways, in particular funding for politicians election campaign, employ of advisors and lobbyists and then, atypical approach to avoid regulatory problems these Banks employ the administration’s regulatory employees into their organizations.

The impact of the Banks is well written with some writers (Matt Taibbi, in particular from Rolling Stone magazine) showing great passion in exposing the blatant corrupt lending practices of the Banks not only to Pension Funds, Businesses and investors but through all forms of Government.

Needless to say it was in the Clinton Government’s actions (through ex Goldman Sachs – Rubin) when our current problems arose, in the repeal of the Glass Steagall Act.

The Glass Steagall Act was introduced in the Great Depression for a simple reason, to stop risk-taking by the Banks, by it’s very nature it prohibited proprietary trading, it kept transactional banking separate from proprietary trading. Repeal of this Act by Clinton/Rubin was to set in place the 2008 financial collapse.

The Dodd Frank Act, introduced after the 2008 financial collapse created a large amount of financial regulatory reform. The impact of this legislation on Banks forced Citibank (as one of a number of Banks), to write its own legislation rolling back the new provisions and ensuring that this was passed into law in 2013. (4)

The ‘Citibank’ provision enables the big banks once again to use insured deposits and other taxpayer subsidies and guarantees to gamble in the derivatives markets, the very type of business that triggered the 2008 financial crisis, through the failure of Lehman Bros and the economic devastation that followed.

Then we have at the Federal Reserve (and other Central Banks) actions on interest rates, it appears that the whole policy was to ‘re-capitalise’ the ‘too big to fail’ Banks capital account and allow large corporations, a refinance portal at lower interest rates. In no way did the excessive monetary easing policies or the lower interest rate assist the whole economy in any way.

In fact the introduction of these policies has put at risk the elderly, insurance companies, pension funds and retirement accounts. Those groups that require a gilt edged interest rate return to survive. Savers, who require interest to live on, pension funds (pension payments) and insurance companies that offered life policies (annuities) at a guaranteed rate on retirement or maturity.

In a deflationary environment since 2008 (lower rental returns, lower interest) the need for income, means a diversion from Gilt Bonds, to a higher risk in equity markets. Even the Central Banks themselves, have invested into the equities markets, which in turn has increased the inherent value of equities, far in excess of the individual companies inherent value / earning capacities of these Companies. This then provides a barrier, due to the excessive cost, for retail investors and retirees and savers, so in general deflating available income.

The Bankers and Hedge Funds have not only invested in the equity markets but also real estate, the collapse in the values of real estate allowed a low entry point to accumulate large real estates to allow an apparent ‘capital gain’ and rental revenue. This in itself causes immense problems for the unemployed, under employed and those people on low incomes. They want their pound of flesh and no arguments. Rents cannot be deferred and their insatiable demand, has pushed the value of the real estate in certain countries, beyond the ability for people to buy their own home.

The impact of the Government’s actions in 2008 did not allow a complete financial market re-set. What has transpired, is that the monetary policy introduced, did not follow economist JM Keynes theory implemented in the Great Depression. It was a bastardized monetary policy to appease the corrupted Bankers, insurers, rating agencies and Hedge Funds

Governments in their wisdom, did not tackle bloated administration, inept regulatory authorities and excessive quasi government bodies, in fact these were increased and no significant reduction was made, so as to force the governments to increase debt to cover costs. Lower tax revenue and increased health costs with military spending increases resulted in a situation whereby Governments, took it upon themselves to target taxpayers to cover their own revenue excesses.

This single situation inspired an ‘Orwellian’ approach on two fronts, first and foremost was offshore tax havens and multinational companies, which were targeted in an attempt to close down all loopholes and the Banks that assisted in any transactions, to be castigated and fined by the authorities. To assist them in this plight, they have everyone’s metadata on tap to enable control and one would not doubt blackmail.

Second is cash, the single biggest mode of transactions in the world today, the black economy. Ban cash full-stop. Issue everyone with a credit card, so that the Government can monitor what you spend, where you spend it and then assess your taxation exposure on the amount of funds deposited into this account. Should it be deemed necessary ‘they’ can cut off your credit, no longer can you store ‘cash’ in the mattress when Banks are failing. Your money is their money, any fines can be automatically deducted without any recourse, or recourse is available only after you pay the fine (as with the ATO).

Imagine if you would, those bureaucrats in the taxation/revenue sections, having an orgasm over this utopian moment. Complete control over every citizens income, direct and indirect and then knowing full well, that they have the powers to automatically deduct tax and penalties directly from your credit card. These taxation agencies already have authority, through administrative process to garnishee your bank account, but they are limited, as to how many accounts you actually have and at which banks these accounts are held, thereby limiting the nature of their action.

The simple process will return every individual, into servitude for the Government. The takeover by the Government of our financial transactions will ensure their ability to meet costs in a timely manner and any other subsequent increase of taxes, from the individual taxpayers. The introduction of corporate tax reform has already been undertaken to limit ‘personal’ and ‘non trading’ expenses from the corporate tax return, in addition to taxing ‘fringe’ benefits.

George Orwell, was against fascism and wholly supported socialism, this being brought about by doing the research for his book ‘Down and Out in Paris and London’. Looking at the Western World Governments they are starting to resemble fascists and the Orwellian government.

Western Governments are no longer capitalists and/or capitalist/socialist governments. They have changed from within.

Frederick Hayek was against socialism and if one looks at say America and England today the policies are not dissimilar, as to what Hayek warned about in the 1920’s.

Hayek noticed that many British socialists were advocating some of the same policies for Government control of people’s lives that he had seen advocated in Germany in the 1920s. The Germans and Italians, long before the Nazis, were attacking liberalism and democracy, capitalism and individualism.

He had also seen that the Nazis really were National Socialists; that is, they were nationalists and socialists. So Hayek wrote ‘The Road to Serfdom’ to warn people of the dangers of socialism.

His basic argument was that government control of our economic lives amounts to totalitarianism. “Economic control is not merely control of a sector of human life which can be separated from the rest,” he wrote, “it is the control of the means for all our ends.”

If one sees what we came from in the feudal system, to individualism in our Western Society to Capitalism through to Capitalist/Socialist mix and where we are going, are we not bound by socialistic issues?

Communism could not survive as a collective. Socialism cannot survive, social and evolutionist economists foresaw this event, in theory and today we are seeing it in reality.

The social economists Karl Marx (1818-1883), through to Werner Sombart (1863 to 1941) to Joseph Schumpeter (1883-1950) all discussed and expounded on a term called ‘creative destruction’, (also Zeitgeist through the works of Friedrich Nietzsche).

Schumpeter stated that the intellectual and social climate needed to allow entrepreneurship to thrive, will not exist in advanced capitalism; it will be replaced by socialism in some form. There will not be a revolution, but merely a trend in parliaments to elect social democratic parties of one stripe or another.

He argued that capitalism’s collapse from within will come about as democratic majorities vote for restrictions upon entrepreneurship that will burden and destroy the capitalist structure, but also emphasizes non-political, evolutionary processes in society where “liberal capitalism” was evolving into democratic socialism because of the growth of workers’ self-management, industrial democracy and regulatory institutions.

Schumpeter saw that ‘creative destruction’ provided a powerful force for making societies wealthier, because it made scarce resources more productive, as they flowed from the least to the more efficient industries.

This ‘creative destruction’ that caused lost jobs, ruined companies, and destroyed non competitive industries, was an inherent part of the growth system. That societies allowed ‘creative destruction’ to operate, grew more productive and richer.

While Schumpeter clearly saw that capitalism’s pain and gain are inextricably linked, politicians today are not so accommodating of the thought that some individuals (voters) would become worse off, not just in the short term, but perhaps forever. This attitude forced socialism upon the capital class, allowed it to mushroom and basically destroy the capitalist system, as it was never repudiated by the right.

It is, by the actions of governments and politicians, to try and preserve jobs or protect industries that would have been ‘creatively destroyed’ will no doubt lead to stagnation and decline of an economy. ‘Creative destruction’ whilst obviously the better course in the economist’s mind, it is never welcomed by those on the destructive side of the paradoxical term.

As long as political democracy itself functions, electorates will not tolerate the malfunctioning economic systems inevitably produced by major left wing policies. The problem is though, is political democracy functioning in America, in England or elsewhere?

It appears that America is no longer a democracy as a recent Princeton University research disclosed. “Americans do enjoy many features central to democratic governance, such as regular elections, freedom of speech and association and a widespread (if still contested) franchise. But we believe that if policymaking is dominated by powerful business organizations and a small number of affluent Americans, then America’s claims to being a democratic society are seriously threatened,” (6)

All things being equal the electorates will always turn on those responsible for the policies that undermine the economy, once they correctly identify the responsible political groups. However, the policies that initially undermine economic performance are often those of self-interested big government conservatives, such as those of the 1920s and the Bush/Clinton/Bush/Obama administrations, and in the process a collapse of democracy.

It is not always clear as to what is happening, with political parties in America or around the world, left is leaning right and right is leaning left and one wonders how much responsibility lies with left wing demagogues and how much with the unprincipled political hacks of right wing big government political alternatives.

It appears relevant that the electorate can only churn incumbents until they empower a political class that can get it right. The problem is though, that with this creative destruction which has been brought upon us, by the personally corrupt political and business class, is how much pain does civilization have to bear to get the system right?

This wave of creative destruction is technically by our own design, that is to say we voted in the politicians and regardless of their actions, we kept voting them into Government (the political Parties) and they, through their own self interest and incompetence, plus the lack of knowledge (or ignorance) on economics, led us to this position. Our apathy allowed the system to be created that will eventually destroy our wealth, through their greed and their own self importance.

Individualism, in contrast to socialism and all other forms of totalitarianism, is based on the respect of Christianity for the individual man, his assets and the belief, that it is desirable that men should be free to develop their own individual ‘gifts and bents’. This was the Renaissance, so truly valued was this freedom that it blossomed into ‘Western Society’. This general direction was of freeing the individual from the bonds to feudal society.

The political parties are a paradox, a logical paradox from philosophy in the questioning of whether a political party system, repaired over time, by replacing each of its politicians and party platforms would remain the same political party. (2)

The Governments in my opinion are evil, as ignorance is being used as an excuse for putative evildoing. In this way ignorance can be a legitimate excuse by politicians for causing unjustified harm.

Since Aristotle, theorists have recognized that ignorance is only a legitimate excuse for causing unjustified harm when we are not responsible for our ignorance, i.e., when the ignorance is non-culpable. One sort of culpable ignorance which has received a fair bit of attention from philosophers writing about evil is ignorance that results from self-deception.

In self-deception we evade acknowledging to ourselves some truth or what we would see as the truth, if our beliefs were based on an unbiased assessment of available evidence. “Self-deceivers are initially aware of moments when they shift their attention away from available evidence to something else, although they may not be aware of the overall project of their self-deception.”

Some tactics used by self-deceivers to evade acknowledging some truth, including

1) avoiding thinking about the truth,

2) distracting themselves with rationalizations that are contrary to the truth,

3) systematically failing to make inquiries that would lead to evidence of the truth and

4) ignoring available evidence of the truth or distracting their attention from this evidence (3)

‘And the cobweb, shall it be eternal?
If the maid does not destroy it, the spider itself will tear it up.’

So basically we, the people, have created a Government that is out of control on a fundamental level ignoring our basic human rights, with political parties that are no longer relevant due to their aligning policies. This against a background of an extreme financial catastrophe that will make the financial crash of 2008 pale into insignificance.

When this creative destruction arrives; which it will soon, as all the storm clouds are gathering apace; our options are limited as to whom shall step into the void and attempt to tackle this mess.

Apathetic approach by the people and political and economic ignorance, in how to handle the debt situation, will lead to a prolonged period of suffering for very people who voted these politicians into power and everybody else.

The financial system is going to crash and burn and the last thing we need, is to lose all our rights by making the Governments stronger, allowing a totalitarian regime to take control.

Governments are no longer representing the people. They are representing themselves.

It is time to wake up.

I am not an advocate for revolution by the people against the Government or Bankers, it is an unsavory thought, yet this has happened throughout history. The problem is though, without the civil unrest how can we, as people, get a Government that will look after the people?

Addendum:

Ron Paul, ex congressman of the US notes that the war by the Government on the middle class “….will cause a major economic downturn that may even be worse than the Great Depression. The main victims of this crisis will be average Americans. The only way to avoid this calamity is for the American people to force Congress to free them from the burdens of the warfare state, the welfare state, taxation, and fiat currency.

http://www.ronpaulinstitute.org/archives/featured-articles/2015/april/26/the-real-war-on-the-middle-class/

The White House has refused to release information about a secret policy that permits the Department of Homeland Security to unilaterally shut down private cellphone service in the event of a national crisis.

http://sputniknews.com/us/20150427/1021452090.html#ixzz3YYzmBhdl

The Financial Crisis History

Also Sweden (1990 – 1994). Moral of the story: Don’t save stockholders if you can save taxpayers. Investors, who take calculated risks by investing in the stock market, are in a position to bear losses with partial responsibility. Taxpayers, meanwhile, should not be punished for someone else’s oversights.

Tulip Mania (The Netherlands, 1637) Moral of the story: People go crazy when they become convinced that they can get rich quickly. Even off a tulip bulb future.

Wall Street Crash (1929 – 1932) Moral of the story: Don’t panic, if you do not lose your money the first time, you will later. Many scholars now say that the 1929 crash didn’t cause the Great Depression, but certainly contributed to its severity. Public panic only makes situations worse than they already are.

The Japanese asset price bubble (1986-1990) Moral of the story: When bubbles grow, they’re wonderful in every way. When they sink—and they can sink, rather than popping—they can set the economy back more than a two decades.

The .com bubble (1995-2000) Moral of the story: The market, your favorite bipolar uncle, likes to celebrate wildly when he finds out about new technology. Just be sure to steer clear of him when his mania turns into prolonged, howling grief.

1997 Asian Financial Crisis (1997-1999) Moral of the story: When things crash, rich people may interfere, offering money in exchange for an agenda. That doesn’t mean their agenda is right, or even useful. Moral #2: Financial meltdowns can happen at the speed of light.

Russian financial crisis (1998) Moral of the story: Don’t anger people while financing yourself with a Ponzi scheme. It ends up being much more expensive in the long run.

Argentine economic crisis (1999–2002) Moral of the story: Freezing bank accounts is a really bad idea.

United States Savings and Loan Crisis (1986-1989). Moral of the story: When the government puts impossible restrictions on a bank’s ability to make money, the bank finds a workaround to keep its bottom line working. When the Fed makes a change that blows the lid off the bank’s workaround, the whole system collapses.

Financial Crisis (2008) Moral of the Story: Governments should not support corrupt financial institutions to the detriment of the taxpayer. (5)

Financial Crisis (2015) Moral of the Story: Do not allow corrupt Governments and cronyism to rule. Bank’s should not have the ability to roll back regulations for their own agenda at the expense of the taxpayer.

1. Altered stanza from Nuclear. http://metalgear.wikia.com/wiki/Nuclear_%28song%29
2. ‘Ship of Theseus’ Philosophy Paradox in the questioning of whether a ship repaired over time, by replacing each of its wooden parts would remain the same ship.
3. http://plato.stanford.edu/entries/concept-evil/
4. http://www.globalresearch.ca/the-2008-world-economic-crisis-global-shifts-and-faultlines/12283
5. http://www.businesspundit.com/10-of-the-worlds-most-dramatic-financial-crises-and-their-lessons/
6. http://sputniknews.com/us/20150427/1021431612.html#ixzz3YVko66ec

Regret foot nights and alignment. Still have my “L” plates on formatting and transferring functions.

In order to fight the darkness do not draw your sword, light a candle

Obama regrets drone strike that killed hostages but hails US for transparency

http://www.theguardian.com/world/2015/apr/23/us-drone-strike-killed-american-italian-al-qaida

President Obama, the leader of the ‘free’ world, your apology stinks.

The short definition of the difference between regret and sorry, is that regret is internal and apology is external. Regret looks inside; sorry reaches outward.

Basically the USArse uses drones instead of soldiers, as dead soldiers are a political liability, whilst drones are remote operated vehicles that have significant collateral damage that kills innocent people, the people we do not hear about, unless they are Americans.

Then he goes on to hail the US for its transparency.

The height of hypocrisy, thank you for being an absolute twat…

The mere fact that this news story was first published by an American newspaper, not released by the White House, is a damning inditement on the US. The President and / or the White House, had to basically give a reason, as to why two Aid captives, an American and an Italian were dead.

The US government and regulators had no choice in this matter to give a Presidential ‘regret’ on these deaths to limit media damage. What amazes me though is the sheer and brazen hypocrisy of the situation, in that the US will continue to use drones and continue to have collateral damage. No apologies unless they are Americans.

God hail America….

Then you have the American public, whom I consider to be a composite of imbeciles, stupid and dumb to believe the rhetoric that they are fed. (*Dumb and Dumber)

Thank heavens, that whistleblowers like Edward Snowden, know when their own Government is betraying it’s own Constitution and do something about it…. Oh I forgot.. that is regarded as treason.

A comment by Mahboob Khan

“In order to fight the darkness do not draw your sword, light a candle”.

The White House was forced to concede on Thursday that it killed two innocent hostages – one American, one Italian – in a drone strike that targeted an al-Qaida compound despite officials not knowing precisely who was in the vicinity.

The deaths of Dr Warren Weinstein, a US government aid worker, and Giovanni Lo Porto, an Italian aid worker, who were being held captive in the Afghanistan and Pakistan border region, have placed unprecedented pressure on Barack Obama’s secret program of targeted drone killings.

They mark the first time a US drone strike has inadvertently killed innocent hostages, and have forced the Obama administration to disclose an unprecedented amount of information about what would typically be a highly classified.

The experts have said all along that these drone strikes are “extra judicial killings”, they have killed far more innocent people on the ground than the “terrorists”, plus these drone strikes have become great propaganda/recruitment tools for the “terrorist organizations”. More than a decade later we see more unrest, more violence, more terrorism because the root causes of the conflict such as geopolitical issues have not been addressed.

“The world has achieved brilliance without conscience. Ours is a world of nuclear giants and ethical infants. We know more about war than we know about peace, more about killing than we know about living. If we continue to develop our technology without wisdom or prudence, our servant may prove to be our executioner”. General Omar Bradley.

I would like to invite Mr. Barack Obama’s attention to the following black-hole through which the U.S. taxpayers’ money is going down the drain:

https://www.nationalpriorities.org/cost-of/war/

Total cost of wars since 2001: Every hour, U.S. taxpayers are paying $11.26 million, in one day they are paying $270.24 millions, in one month they are paying $8107.2 million, in one year they are paying $97,286 millions; and in 12 years they have paid a staggering amount of $1167436.8 millions. Only $200 billions is required to totally eradicate poverty from the world.

It is clear that the U.S. is following a self-destructive path as only select few a making huge profits out of these senseless wars at the cost of very many.

The cry of the hour is to spend these sums on the climate change, on education, on sports, on economy, and on poverty eradication programs so that people across the globe are satisfied as satisfied people do not commit violence.

Mahboob Khan
World’s Peace Ambassador
Islamabad, Pakistan

* Refer to prior posts Dumb and Dumber

Edit: Addition.

The White House was ‘so intent’ that Russians and / or a Russian Buk missile system shot down the Malaysian Airlines MH17, via reference to social media only … I wonder what they think of social media making a mockery of Poroshenko’s attempt to prove Russian presence in Ukraine

Thank heavens we have social media.

Poroshenko’s Move to Prove Russian Presence in Ukraine Met With Memes

http://sputniknews.com/politics/20150208/1017975534.html

Ukraine’s military Chief of Staff Viktor Muzhenko admitted Russian troops have not been taking part in combat operations in the country’s east during news briefing in Kiev, Ukraine Channel 5 television reports.

http://sputniknews.com/europe/20150129/1017514425.html

As in prior posts, I have outlined (and provided links) both German and French secret service denying what the NATO, the US and UK Governments are saying about Russia in Ukraine.

It is obvious that the Western Media (including Aunty and BBC ) are part of this huge propaganda machine, to overlook the true situation and coverup murder, war atrocities, human rights violations and fraud.

You cannot trust Government, nor the media and the Carpet Baggers are running around having a field day.

Oh and the apathetic Joe Public do not give a shit, maybe a nuclear winter may give them the shits.

Proof is in the pudding, Joe Public would believe this bullshit…

“This is the highest concentration of Russia air defense systems in eastern Ukraine since August,” the ambassador tweeted, attaching a picture of BUK-M2 missile defense system apparently taken at the International Aviation and Space Show MAKS-2013, which actually took place just outside Moscow.

http://rt.com/news/252545-ukraine-fake-russian-missiles-pyatt/

Yes, The Nut Cruncher…

As I said before in my blog on ‘Australia is Doomed’, I like Steen Jakobsen, his eyes are opened.

Now that he has commented on the “zero” outcome, I will finish the ‘Depression is Coming’ series. Please note that everything Steen has said in his post, I have covered in this Blog.

It is just that certain peoples pride and own self-belief and ambition, cloud their judgement and they feel that they need a secondary source to confirm the inevitable.

“We have zero growth, zero inflation and zero hope.”, a gloomy outlook from Saxo Bank’s Chief Economist Steen Jakobsen but based on his recent global travels meeting business leaders and key investors whose shared negative outlook was striking.

Steen outlines his predictions of a crisis correction, the only outcome of a zero environment in his opinion. Steen believes a Fed hike will act as a margin call on the global economy, “Expect the Federal Reserve to issue a margin call on asset inflation in June or September, a Grexit, and a much stronger US dollar (EURUSD at 1.10) in a final move where lack of liquidity and shortage of access to USD funding will create a “mini-crisis”.

https://www.tradingfloor.com/posts/jakobsen-all-these-zeroes-will-add-up-to-a-correction-4447503

So all you doubters in Wonderland, please remember history, in that the last Great Depression there were two US stock market crashes,

That was the ‘nut cruncher’ and yes, history will repeat… the Bond bubble burst and then the stock market crash began on October 24, 1928. The crash came on October 29, of that year…..Black Tuesday. Losses for both the Bonds and Stocks were an astronomical sum in those days.

Thereafter investors, with what capital remained went back to the stock market, as the perception by everyone was that the worst was over with industrial stocks having lost 80 percent of their value since 1930 and over 10,000 banks failing.

International trade slumped to one third of the pre-crash value with unemployment rising to 23.6 percent.

It could not get any worse, the perception was that the bottom was in.The then Government passed the Federal Home Loan Bank Act and the Glass Steagall Act of 1932.

What everyone seems to forget about was the second stock market crash in 1932. This crash, was so huge that the crash of 1928, (Black Tuesday) paled into insignificance. There was 50 percent depreciation, even from the lowest point of 1929.

Everyone suffered ‘Minski’ moment, when there was no asset value left.

The drop was so massive, that it just dissolved every bit of profit that the stock market ever had. It would take almost 30 years for the US stock markets to gain that peak.

Yes I know this is history, one however should not discard the fact that, as we never learn. Our own self confidence and pride gets in the way of a good story.

“So the story of man runs in a dreary circle, because he is not yet master of the earth that holds him.” Will Durant

Looking at the global situation, this mess will not start in the US.

It has started, as it did in the Great Depression in Austria with the Heta Bank, the Austrian Government has taken a strong stand on the issue of the exposure to Heta. What one must bear in mind though, is that Heta is not the only Bank, Insurance or Re-insurance company involved or exposed in cross currency investments.

http://www.forbes.com/sites/francescoppola/2015/03/25/austria-banks-and-sovereign-default/
http://www.wsj.com/articles/commerzbank-warns-of-possible-losses-from-exposure-to-austrias-heta-1426668375
http://www.telegraph.co.uk/finance/economics/11447805/Eurozone-faces-first-regional-bankruptcy-as-debt-debacle-stalks-Austrias-Carinthia.html

Then we have the perpetual rise of the Chinese and Hong Kong Stock Markets, this against a backdrop in China of far lower manufacturing and increasing unemployment.

It will bust, it will be a contagion and wild fires are hard to stop.

When it does, your left nut will be crunched, then the quiet before storm to put your second nut on the chopping block. Suet?

Americans, eyes wide shut

Dumb it down for the People

So how do the policy makers, military leaders, corporate heads, pollsters, pundits and campaign managers see the American public?

Consider Michael Glennon, Tufts University Fletcher School, and author of Double Government, on the intellectual ability of the American public. Turns out the American public mind is one giant mass of Silly Putty! “…the economic and educational realities remain stark [in the USA]. Nearly fifty million Americans-more than 16% of the population and almost 20% of American children-live in poverty. A 2009 federal study estimated that thirty-two million American adults, about one in seven, are unable to read anything more challenging than a children’s picture book and are unable to understand the side effects of medication listed on a pill bottle. The Council on Foreign Relations reported that the United States has ‘slipped ten spots in both high school and college graduation rates over the past three decades.’ One poll found that nearly 25% of Americans do not know that the United States declared its independence from Great Britain. A 2011 Newsweek survey disclosed that 80% did not know who was president during World War I; 40% did not know who the United States fought in World War II; 29% could not identify the current Vice President of the United States; 70% did not know that the Constitution is the supreme law of the land; 65% did not know what happened at the constitutional convention; 88% could not identify any of the writers of the Federalist Papers; 27% did not know that the President is in charge of the Executive Branch; 61% did not know the length of a Senate term; 81% could not name one power conferred on the federal government by the Constitution; 59% could not name the Speaker of the House; and 63% did not know how many justices are on the Supreme Court.

Far more Americans can name the Three Stooges than any member of the Supreme Court. Other polls have found that 71% of Americans believe that Iran already has nuclear weapons and that 33% believed in 2007 that Saddam Hussein was personally involved in the 9/11 attacks. In 2006, at the height of U.S. military involvement in the region, 88% of American 18- to 24- year-olds could not find Afghanistan on a map of Asia, and 63% could not find Iraq or Saudi Arabia on a map of the Middle East. Three quarters could not find Iran or Israel, and 70% could not find North Korea. The ‘over-vote’ ballots of several thousand voters-greater in number than the margin of difference between George W. Bush and Al Gore-were rejected in Florida in the 2000 presidential election because voters did not understand that they could vote for only one candidate. There is, accordingly, little need for purposeful deception to induce generalized deference…in contemporary America…President Harry Truman’s Secretary of State Dean Acheson, not renowned for bluntness, let slip his own similar assessment of America’s electorate. ‘If you truly had a democracy and did what the people wanted,’ he said, ‘you’d go wrong every time.’ Acheson’s views were shared by other influential foreign policy experts, as well as government officials; thus emerged America’s ‘efficient’ national security institution.”

Oh well. Who cares? That’s the way it is. It is what it is. It has always been this way. Nothing you can do about it.

“People don’t see clearly unless they want to. Nowadays everyone quietly accepts the inevitable. Newspapers are no help, they censored themselves little by little until they perfected the art of saying absolutely nothing. Television is monitored by official censors. Even if it weren’t monitored there is nothing on of interest. The news bulletins are completely innocuous…How can anyone believe a word these officials say?” (And Still the Earth, Ignacio De Loyola Brandao, 1985)

The United States is surely becoming a “continent of sorrow.”

John Stanton is a writer living in Virginia. His latest book is Media Trolls, Technology Shamans and Diabolical Political, Economic and Military Leaders available at Amazon. Reach him at captainkong22@gmail.com.

Limpdicks…..yes a gene flaw and inbuilt in septic tanks

Regret to inform you that there is a gene flaw, within septic tanks, that disrupts common sense and allows the all to familiar personal trait of self righteousness, arrogance and ignorance to dictate their daily lives.

It is inbred over the last couple of centuries. In fact to even entertain the notion that anyone living outside of the US, has any concept of how brilliantly self serving these arseholes are is deluded, underestimating this gene could prove fatal.

Under the treaty that entered into force in 1970, nuclear powers are banned from handing over the control of nuclear weapons to any recipient, whether directly or indirectly.

“The exact number of US tactical nuclear weapons deployed in Belgium, Italy, Turkey, Germany and the Netherlands is unknown, but the Center for Arms Control and Nonproliferation research group estimates that around 500 warheads are deployed in those countries.

“We are rather puzzled as to why all of a sudden this issue has emerged,” Gottemoeller said.

Gottemoeller added the Soviet Union never mentioned that US deployment of nuclear weapons constituted a violation of the NPT, nor has Russia up until today.”

Ummm… A mute point but how many nuclear weapons are located in other ‘allied’ countries?

Then again how the fuk would anyone know…

Read more:

http://sputniknews.com/politics/20150422/1021240222.html#ixzz3Y4sd2S4m

http://sputniknews.com/politics/20150324/1019952246.html

(Note: if you are an American and offended by my statements, then feel free to make a post.
I believe in free speech, alternatively email me at whacked2@gmail.com.
But and this is the butt …. answer all of these questions correctly and I will reply with a regret.

a) Who one the Cold War?
b) In WW2 who fought the Germans from after the Poland invasion, through to the end of the war and how many lives were lost?
c) Did you contact your Congressman on any new legislation and oppose the Bill, in particular FATCA? If you answered Yes, then No list the Bills?
d) Has CIA sold drugs for profit?
e) Did the Obama administration smuggle weapons to Mexico?
f) Did the CIA and FBI assassinate a large number of South and Central American leaders?

In reality simple questions. Regret apathy is part of the chlorinated gene pool.)