from http://www.lewrockwell.com/2014/10/gary-north/so-many-liberals-so-few-lifeboats/

The liberal WaPo got bought last year by Jeff Bezos, who runs Amazon.

It has just announced a freeze on pension benefits.

The sinking ship of print media is doomed. It is a delight to see. All those liberals; so few lifeboats!

They had hoped. They had dreamed. They had trusted management. Now they are getting a taste of economic reality. Oh, woe!

They had no major competition for decades. Now there is Craigslist. Free.

Now there is Drudge for all the wire service news. Free.

Free for all. That’s what it is out there: a free for all.

WaPo cannot compete.The strategy of buying up major city newspapers was central to liberalism. That strategy has failed. Technology did an end run around it.

The chickens have come home to roost. The chicken coop’s floor is old copies of WaPo.

Print media are where you get day-old news. This is great for lining the floors of chicken coops, but not much else.

http://www.zerohedge.com/contributed/2014-05-16/spying-meant-crush-citizens%E2%80%99-dissent-not-catch-terrorists

It’s a way to keep themselves in power, because those in power do not have to server they just steal, rob and blackmail.

I don’t know why the US cititzens gave up on their civil rights. AFAIKT there’s better around, au contraire, it seems the terrorist stuff is worse then before. Well if you do terrorize others, you can not expect they will be very kind to you. Every child killed, every man killed and every woman killed leave someone who things about revenge. And so the terror just bears new terror, and so it seems the terror on the own citizenship has risen dramatically..

und das im ÖR:

Ach nee? Wie kann das passieren?

The question

The answer

Geithner has known ans asked for this bonus stuff.
Again the cuteness of our political “elite”….

another clear pinpointed comment on the madness of throwing good money after bad money.

http://www.fivethirtyeight.com/2009/03/best-argument-youll-read-for-bank.html

Well it seems the manipulation was within bounds, so the forecasts were right and Obama has won clearly. A clear victoriy is what was needed, one can not imagine what would have happened in tight race. Now what can we expect from the new president? At least it seems unlikely he will beat His Insanity on the worse side. What I expect is very clear. Closing of all Guantanamos all over the world, more support for international cooperation and better sooner than later ending this terrible war in Iraq, then put back thos fanatics about terrorism.

But hey that are just my wishes, we’ll see how the new president will fare soon.

Could it be that
If you give money no worth it’ll get no worth, is at the ground of all financial problems currently.
Just see that the Fed has flooded the market with money in good times and flooded it more extensivly in bad times. So the whole money supply has left “real” ground. Just guess how easy it is:
Let the be an inflation rate of 2 %, but let there be a part of the economy where one has 10% inflation. So now the Fed was oriented at the low bound, so they make money cheap (let’s say around 3-4 %. People not dumb, have seen this discrepancy and collected debt as hell. From the individuals point of view this was clever. But seen in the large it was a catastropy to happen.

So it has come. Now money was definitly too cheap and indeed there was way too much money. So how could even more money help. Where will all the new “generated” money end. Currently we are heading for a world-wide recession. But if there will be even more money, shouldn’t the result be stagflation?

I can not help but I fear stagflation quite much more than recession. It means you can not print even more money so the money suply must be reduced. Well with the Trillions spend in this year and maybe up to the half of the next year. What spares are left?

If I just see the current debt numbers, the answer is none. So we’re heading towards a bigger problem as ever. Money can not be printed any more, because it’s not worth anything then. So how will they break this cycle.

I’m really getting very pessimistic.

The Failout plan can not expected to work with a acceptable certainty. In fact I’d bet 1:10 it’ll fail.
But if you throw out the money now , you have nothing else if this failout plan fails. It’s high time to prepare for a recession phase. The prices for home equity will fall, maybe crumble. At least down a third IMHO. That will distroy a few Trillions of value, this fall can not be held with 700 Billions.
So keep the money, now and see how to spend it one something which will work with higher probability. Building of houses will dry out, however the US infrastructure needs some overhaul.

You have to face the fact that Oil is sparse, and you have to face the fact that Water is sparse also in many regions. In the forseeable future California and especially Las Vegas will suffer under water shortage. You’ve to come back an invest in your own country in the producing industries. The cars are build sloppy, the houses often also, this sloppyness will cost you dearly.

You can not help, but the chinese have over a trillion US-$ to spend, you must be prepared that they will buy cheaply if not now than just a bit later. Use the money for an “american” solution. Tha means give the people the means to help themselves. That means “fair paid” jobs, “fair prices”, you need as every developed country craftmanns which can build, repair and maintain the ideas engineers invent. So spend money wisely on education for your children and grown-ups also.

It’s not worth hanging to just one plan, (which in fact is none). Search for alternatives, discuss them and then make an educated choice. Currently you give yourself none but one choice and that’s exactly as useful as none plan at all. If in doubt, do nothing, that’s at least an alternative….

Yeah I chilled out yesterday and read this 450 pages. To be true I have read the half. The poison is just layed out on the first 110 pages or so. I can agree with that plan to 0.15714 %. (Come back to this figure later)

The meshed everything together, to “heal the world” be it some tax relieve stupidity, or some “writing ” about power from regenerate means. If I understand this paper correctly the whole is what will be decided upon. I can why they handle it that way, but I just disagree.

The “plan” is still absolutly unacceptable (at least it would for me as Congress man). Sure there are definitly improvements, but the base line still is bailing out 700 Billions to cover “troubled assets” more or less to the mecy of Mr Paulson (at least currently).

Now let’s just point out a few “oversights”.
P 9 (e) Prevent Unjust enrichements. …. including by preventing the sale of a troubled asset to the Secretary at a higher price than what the seller paid to purchase the asset.

Ok with that Mr Paulson get the right to pay for junk exactly as for non junk. So the ceiling is 100 the worth of the papers maybe 30 or less. Unjust enrichment, “don’t try me devil”….

This stuff is repeated on p 10 3). Shame on you if you find something disturbing you.

Very nice Sec 103 (1) protecting the interests of taxpayers by maximizing overall returns and minimizing the impact on the national deb.

Could it be in the interest of taypayers to give out 700 B. ? The while thing spreads FUD in every comma. The implication is It’b better to give out 700 B now then to suffer … what?

I spare you to cite (6) in that thing, which just adds sugar for the “not to reach”. If you don not have bread eat some cake…

Then follows the improvements I mentioned. At least Paulson has to report to the congress has to work with some overview etc. Howerver we come back to Paulson a bit later ….

Now again comes something disturbing. The secretary should decide whom to put under stricter regulations, but later the mention also that it’s up to the secretary to relax other regulation on coroprations taking part with this program. You got it. He has to justify himself, but he can decide whom to support and whom not….

Now we come to the mentioned rols of Mr Paulson Sec 108 Conflicts of Interest.
Heavens the secretar itself falls under this, he can not be trusted in any way with decisions here.
It’s absurd, the secretary full in favour of helping his fellow friends in the banking sector should take care not too choose someone not beeing in a conflicts of interest.

The only one you can trust the secretaries position is an investment banke, standing strictly against this “plan”, one may ask him/er if he/sh is “willing to serve”. Paulson is way too willing to serve ….

Then comes anothe small improvement. Putting caps on the income of the highest paid executive officers, but just as long as they are on this plan…. Hear, hear

Sec 112 ask other countries to help with this program… Well I guess we’ve taken our share of foul debts, but what shall’s one can always try….

Now comes ss a “wonderful” part Sec 113. (1) Minimizing negative impact “The Secretary shall …. use … under this Act in manner that will minimize any potential long-term negative impact on the taxpayer…

It get’s a bit worse in (2) and is overtuned in (3) by a few magntitudes.
(3) Private Sector Participations. The Secretary shall encourage the private sector to participate in purchases of troubled assets.

It’s so insane that one can not believ this was written down. Paulson should encourage “his” fellow people to take part. What part should they pick. One could imaging the worst… Do you believe that. They are encouraged to “cherry picking” and that’s about unjust enrichement.

Then it goes a long way on how the plan should be decided upon, who else may supervise it and the like.

Sec 119 is another improvement, named Judical Review and Related Matters. That’s appropriate… IMHO.

It goes to some Special Inspector General, which I have no idea about. I hope the congressmen and women do…

Then comes a congress oversight panel, that’s another improvement

Then after another 10 or so pages we strand on p 84 and there we have Sec 127 Cooperation with the FBI. In the next 4 lines everything about criminal background is written down.

Guess that 110 pages and 4 lines about “taking care of the guilty”. It the only time something negative is written “fraud. malfeasance…

Now think about the secretary — how was his name . Ah yes Paulson, ex-CEO of Goldmann Sachs….

You bet throwing out will have impact on the inflation. No way read Sec 136 (c).

Sec 302 is again sugar for the Congressmob, it’s about tax treatement of compensation of the corporations taking par in this program.

After that we com to a completly unrelated Divison B part Engergy Improvement and Extension ACT of 2008.

I’ve not cited every part and I’m sure I missed some real important things. I do not know enough about how decisions are cared out in congress and how and if one can repeat them. Howerver in some of the pages I mean to understand if the congress has decided this will not be possible to take back. I can not understand this.

Now at last let’s come back to the 0.15714 %. Well the figures of Div B and C cover around 1.1 Billion, that sounds “reasonable”. Div A asks for maximal 700 B. So 1.1/700 * 100 = the magic number above.

All in all my objections have not been stilled a bit. The plan is not a plan it’s a “Golden Parachute” for gamblers. Paulson itself can not take the lead in this work. So in that way it’s absolutly beyond repair.

I hope Congress decides against it and start looking for real enhancements. Rule one should be let, those pay who have gained through this sham.

Guess what Mr Insanity itself does not accept the vote. And so he will fight for it. Hello you reach bankers, keep in mind to what extend his Insanity goes for you. I guess you can give him some job about Public relations. He just sings. “All is fine, anything is ok, the fundamentals of my employer are strong, it’s not darlk and I’m not afraid”. Should be enough for at leas a few Millions a year.

The horse was still alive, His Insanity does anything to realyl see it dead.

Just guess what the 700 Mrd were lost in one day and nearly regained the other day. The worlds still turning and business still has not collapsed. You want it to stay running. DON’T B(F)AILOUT.

Keep your heads up and “invest” the money. Don’t burn it. Give it to the banking system and they will come back tomorrow asking for another 700 Mrd “round.”

Just say no. Don’t let Mr Insanity take you over again. Make suggestions on how to really cure the stuff and not just treat the symptoms